The research study conducted by Report Ocean on the “ Quartz Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Quartz Market is valued approximately USD 6740.2 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.19% over the forecast period 2023-2030. Quartz is an engineered stone composed primarily of natural quartz crystals combined with resins, pigments, and other additives. It is a highly durable and versatile material used in various applications such as countertops, flooring, and wall claddings. Quartz offers benefits such as resistance to stains, scratches, and heat, as well as low maintenance requirements. With its wide range of colors, patterns, and finishes, quartz provides an aesthetically appealing and reliable option for both residential and commercial spaces. The driving factors boosting the market growth are growing construction industry and increasing demand in Kitchen and Bath applications.
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According to Statista, the size of the construction industry in 2030 is expected to increase from USD 7.3 trillion in 2021 to USD 14.4 trillion. As urbanization continues to rise and construction activities increase, there is a higher demand for quartz as a durable and aesthetically appealing material for countertops, flooring, and wall claddings in residential and commercial buildings. Moreover, increasing awareness of quartz and rising demand for sustainable materials is expected to create lucrative opportunities for the market. However, fluctuating raw material costs and high competition from alternative materials such as natural stone (granite, marble), solid surface materials, and other engineered stone products stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Quartz Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the demand for quartz in residential and commercial construction projects, coupled with the preference for durable and low-maintenance materials. The North American market, particularly the United States, has been a significant consumer of quartz surfaces. However, Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as increasing urbanization, rapid economic growth, and rising construction activities in countries such as China, India, and Southeast Asian nations. Additionally, the expanding middle class, growing disposable incomes, and changing consumer preferences towards modern and durable materials have contributed to the significant growth of the quartz market in this region.
Major market player included in this report are:
AGC Inc.
Jiangsu Pacific Quartz Co. Ltd.
Nihon Dempa Kogyo Co., Ltd.
Quartz Corporation
Wilsonart LLC
Santa Margherita S.p.A.
Vicostone Joint Stock Company
Cambria Company LLC
Caesarstone Ltd.
Pokarna Limited
Recent Developments in the Market:
In December 2022, Sibelco expanded its presence in Southern Europe by acquiring the Bassanetti Group, an Italian company involved in the extraction, processing, and marketing of sand products. This strategic move further solidified Sibelco’s position in the region’s market.
Global Quartz Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, End-User Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Type:
High-Purity Quartz
Quartz Crystal
Silicone Metal
By End-User Industry:
Electronics & Semiconductor
Solar
Buildings & Construction
Optics & Telecommunication
Automotive
Other End-User Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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