What is the Market Demand for High Purity Quartz?

The global high purity quartz (HPQ) market is projected to reach US$ 1.07 billion by 2025, with an expected CAGR of 6.7%, growing to US$ 1.69 billion by 2032. This growth is driven by the increasing demand from the semiconductor and solar energy industries, where quartz plays a crucial role. In semiconductor manufacturing, quartz’s thermal resistance and optical properties are vital for silicon wafer production. In the solar energy sector, HPQ is essential for manufacturing high-quality solar cells. The semiconductor equipment market saw a 16% rise in sales in 2023, and solar PV installations grew by 18%, with China leading the way. The market is expected to be driven by the expanding semiconductor industry, which is forecast to hold a 56.4% share in 2024, and the growing solar sector, particularly in Asia Pacific, which is projected to account for 63% of the market share in 2024.