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Global Quartz Glass Market Research Report 2018

Post Time:Jul 09,2018Classify:Industry NewsView:1140

This report studies the global Quartz Glass market status and forecast, categorizes the global Quartz Glass market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China and other regions (India, Southeast Asia, Central & South America, and Middle East & Africa). 

Quartz glass products have a wide range of applications in semiconductor, photovoltaic industry, communications industry, Lamp and Lighting Industry and many others. Quartz glass products contain quartz tubes, quartz rods, quartz ingots, quartz cylinder, quartz boat, quartz components, quartz crucible, etc.

The global quartz glass production market was 271473 MT in 2016 and is expected to grow at a CAGR of 2.4% from 2017 to 2023. The global quartz glass product market was valued at USD 3808.80 million in 2016 and is expected to reach USD 4214.76 million by 2023, growing at a CAGR of 1.2% from 2017 to 2023. Overall, the quartz glass product products performance is positive with the global economic recovery.

Quartz glass product is widely used in photovoltaic industry, semiconductor industry, communications industry, lamp and lighting industry, and many others. In 2016, quartz glass product for lamp and lighting consumption occupied more than 65.17% of total amount. The expansions of application in these industries drive the market growth and support the growth of this market over forecast period. Quartz glass product industry will usher in a stable growth space.

In the past few years, the price of quartz glass product decreased and we expect the price has pressure to increase in short time. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of quartz glass product. Therefore, to some extent, the companies face the risk of profit decline.

The global Quartz Glass market is valued at 3870 million US$ in 2017 and will reach 4150 million US$ by the end of 2025, growing at a CAGR of 0.9% during 2018-2025.

Source: surveyandmarket.comAuthor: Shangyi

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