Global High Purity Quartz Market 2018-2022| Rising Demand from the Semiconductor Industry to Boost Demand| Technavio
LONDON--(BUSINESS WIRE)--Dec 4, 2018--Technavio’s analysts forecast the global high purity quartz market to grow at a CAGR of over 6% during the forecast period, according to their latest market research report.
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Technavio has released a new market research report on the global high purity quartz market for the period 2018-2022. (Graphic: Business Wire)
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According to Technavio’s analysts, one of the key factors contributing to the growth of the global high purity quartz market is the rising demand for high purity quartz in the semiconductor industry:
Global high purity quartz market: Rising demand for high purity quartz in the semiconductor industry
High-grade purity quartz is extensively used in the semiconductor industry for an array of applications. It is used in the production of crucibles, high purity quartz glass products, tubes. and rods. The demand for high purity quartz in the semiconductor industry can be attributed to the establishment of new fabrication plants, which consume large volumes of the semiconductor base materials to produce monocrystalline silicon.
According to a senior analyst at Technavio for research on specialty chemicals, “Silicon is known to be a good conductor of electricity as it acts as a metal at high temperatures. On the other hand, it acts as an insulator at low temperatures. Most of the electronic equipment, including cell phones, computer, electronic gadgets, and other microelectronic devices, incorporate silicon that is produced from high purity quartz. High purity quartz proves to be an important strategic raw material for the electronic industry revolution.”
Global high purity quartz market: Segmentation analysis
The global high purity quartz market research report provides market segmentation by end-user (semiconductor, solar, lighting, optical, and others) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The semiconductor segment held the largest market share in 2017, accounting for 35% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of 45%. This region is expected to dominate the market through 2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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