According to Fact.MR, the market is expected to drop about threefold in the first quarter of FY2021, before moderately resurrecting by mid-FY2024. The growth rate of the high purity quartz sand market is heavily influenced by the expansion of the semiconductor and solar energy markets. Semiconductors and solar energy have grown at a compound annual growth rate (CAGR) of more than 7% over the last half-decade. This has given the market for high purity quartz sand considerable wiggle room to grow.
High Purity Quartz Sand Market: Segmentation
Fact.MR has studied the high purity quartz sand market with detailed segmentation on the basis of grade, application, and key regions.
- Solar Energetics
- North America
- East Asia
- South Asia & Oceania
- Rest of the World
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
The Global High Purity Quartz Sand Market Study’s Key Findings
During the projection period of 2020 to 2030, the global high purity quartz sand market is expected to provide a value potential of roughly US$ 275 million.
Through 2030, the high purity quartz sand market is expected to profit from increased R&D activity and increased production efficiency.
By 2030, East Asia, South Asia, and Oceania will account for over half of world GDP in terms of value.
The most promising segment is the 5N grade, which is expected to grow by more than 3% throughout the forecast period.
North America is expected to account for over 83 kilo tonne of high purity quartz sand demand by 2030, accounting for one-third of the demand share in terms of volume, to feed the region’s rapidly increasing pharmaceutical industry.
Click Here To get a Sample Report (Including Full TOC, Table & Figures):-https://www.factmr.com/connectus/sample?flag=S&rep_id=699