The Worldwide Synthetic Quartz Industry is Expected to Reach $112 Million by 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 27, 2021--
The “Synthetic Quartz - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Synthetic Quartz estimated at US$77.7 Million in the year 2020, is projected to reach a revised size of US$112 Million by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027.
Synthetic Quartz Crystal, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$56.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Synthetic Quartz Glass segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $20.9 Million, While China is Forecast to Grow at 8.8% CAGR
The Synthetic Quartz market in the U.S. is estimated at US$20.9 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$24.3 Million by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
Other Types Segment to Record 4.5% CAGR
In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.8 Million in the year 2020 will reach a projected size of US$7.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.3 Million by the year 2027, while Latin America will expand at a 4.9% CAGR through the analysis period.
Select Competitors (Total 41 Featured):
- Asahi Glass Co., Ltd.
- CoorsTek, Inc.
- Daishinku Corporation
- Donghai County Jinglei Quartz Products Co. Ltd.
- Heraeus Holding GmbH
- Htl Industries Sdn. Bhd.
- Hubei Feilihua Quartz Glass Co., Ltd.
- Impex HighTech GmbH
- Iqd Frequency Products Limited
- Kyocera Corporation
- Murata Manufacturing Co., Ltd.
- Nihon Dempa Kogyo Co., Ltd.
- Quality Quartz Engineering, Inc.
- Seiko Epson Corporation
- SGX Minerals Pvt. Ltd.
- Shin-Etsu Chemical Co., Ltd.
- Siward Crystal Technology Co., Ltd.
- Suntsu Frequency Control Inc.
- Tosoh Corporation
- TXC Corporation
- Universal Quartz Inc.
- Wuxi Labcells Technology Co., Ltd.
- Yuzhnouralsk Plant Kristall (Russia)
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- UNITED KINGDOM
- REST OF EUROPE
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- REST OF LATIN AMERICA
- MIDDLE EAST
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
For more information about this report visit https://www.researchandmarkets.com/r/hg5l30
View source version on businesswire.com:https://www.businesswire.com/news/home/20211027005971/en/
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
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PUB: 10/27/2021 02:07 PM/DISC: 10/27/2021 02:07 PM