North America Quartz Market
The North America quartz market is accounted to US$ 2,235.5 Mn in 2018 and is expected to grow at a CAGR of 5.5% during the forecast period 2019 – 2027, to account to US$ 3,605.8 Mn by 2027.
Quartz is a mineral form of SiO2 stable at low temperatures and pressures. It is found in igneous, sedimentary, metamorphic, and hydrothermal mineral environments, mainly in continental regions. It is highly resistant to mechanical and chemical weathering, and the high durability makes it the dominant mineral of mountaintops and the primary constituent of river, beach, and desert sand. One of the major properties of quartz crystals is the ability to vibrate at a precise frequency. Due to its high precise frequencies, quartz crystals are used to make extremely accurate time-keeping instruments and equipment that can transmit radio and television signals with precise and stable frequencies.
Quartz products such as quartz sand is used in the production of container glass, specialty glass, flat plate glass, and fiberglass. High-purity quartz HPQ is used in the production of silicon wafers, which is key component on any semiconductor device. It is used for flooring and glass manufacturing. Quartz is also used as a crystal oscillator or piezoelectric cell in many electronics products. Thus, wide applications in various end-use industries have impacted the Quartz market in North America. However, the electronics industry is a major contributor to the growth of the North America Quartz market. According to the Consumer Electronics Association, the average American household spent $1,380 over the past year on consumer electronics (CE), such as HDTVs, cell phones, video game systems, computers, portable music devices, and Blu-ray players. Electronics-grade quartz is used in a large number of circuits for these products. In addition, there is a recent trend of combining the various functionalities of more than one product into a single product and reducing the size of the final product with ease of functionalities. This has brought the adoption of advanced technologies in the electronics industry, propelling the growth of electronics-grade manufactured quartz significantly. These factors further propel the growth of quartz market in North America.
Strategic insights for the North America Quartz provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 2,235.5 Million |
| Market Size by 2027 | US$ 3,605.8 Million |
| Global CAGR (2019 - 2027) | 5.5% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Quartz refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Quartz finds usage in a wide range of applications in industries such as electronics and semiconductor, solar, buildings and construction, medical, and optics and telecommunications. Quartz is naturally available in different varieties, shapes, transparencies, and colors, which further increase its value and application. Different types of colored quartz are considered semi-precious gemstones, and they are often used in jewellery and stone carving. Amethyst, ametrine, citrine, and opal are precious or semi-precious gemstones that are widely used in jewellery for their color and durability. When quartz is ground up into quartz sands, it can be used in the production of fiberglass, and as an abrasive in sandblasting and stone-cutting. Pure quartz sand is extensively used in water purification systems. Small chips produced of quartz are used in watches, televisions, clocks, computers, and stereos as quartz when under pressure can produce an electric voltage that can control the frequencies of electric impulses. Additionally, quartz has higher melting point than most of the commercially available metals, thereby making it an ideal choice for molds and cores of common foundry work. Refractory bricks are produced from quartz sand because of its high heat resistance. Quartz sand is also used as a flux in the smelting of metals. Quartz sands are used for sandblasting, scouring cleansers, grinding media, and grit for sanding and sawing. Therefore, abundant availability and a wide range of applications of quartz are the key factors driving the quartz market in developed and developing countries.
The quartz market, by product, is segmented into quartz surface and tile, high-purity quartz, quartz glass, quartz crystal, quartz sand, and others. The quartz surface and tile segment accounted for the largest share of the quartz market in 2018. Moreover, the high-purity quartz segment is projected to grow at a faster pace during the forecast period. Quartz surface and tile segment holds the dominant share in the North America market as it is increasingly used for creating building surfaces. Quartz is used in the flooring application in various industrial, residential, and commercials sector as a cost-effective alternative to granite and marble. Quartz is mainly used in kitchen countertops and bathroom floors. Therefore, the rapid expansion of the construction sector in the developed countries such as the US and Canada is projected to provide a huge market opportunity for producers of quartz surface and tiles. This further propels the growth of quartz market in North America.
Based on end-use industry, the quartz market has been segmented into electronics and semiconductor, solar, buildings and construction, medical, optics and telecommunication and others. The electronics and semiconductor segment accounted for the largest share of the quartz market in 2018. Moreover, the buildings and construction segment is projected to grow at a faster pace during the forecast period. The quartz surface and tiles offer various advantages, such as flexibility, non-porous, low maintenance, stain-resistant, and affordable. Owing to these advantages, the building and construction segment is likely to propel in the developed countries such as the US and Canada. The availability of quartz surface and tiles in variety of colors, patterns, and finishes is an adding benefit for the customers to opt for these materials in building and construction sector.
Strategic insights for the North America Quartz provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 2,235.5 Million |
| Market Size by 2027 | US$ 3,605.8 Million |
| Global CAGR (2019 - 2027) | 5.5% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Quartz refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The List of Companies - North America Quartz Market
The North America Quartz Market is valued at US$ 2,235.5 Million in 2018, it is projected to reach US$ 3,605.8 Million by 2027.
As per our report North America Quartz Market, the market size is valued at US$ 2,235.5 Million in 2018, projecting it to reach US$ 3,605.8 Million by 2027. This translates to a CAGR of approximately 5.5% during the forecast period.
The North America Quartz Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Quartz Market report:
The North America Quartz Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Quartz Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Quartz Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For North America Quartz Market
