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Quartz Powder Market Size
Quartz Powder Market size is slated to grow exponentially from 2024 to 2032, majorly propelled by the continuous growth of the electronics sector and the increased production of silicon wafers. High-purity quartz is widely used in the manufacturing of semiconductors and photovoltaic cells, further driving suppliers to focus on refining and producing quartz with minimal impurities. The rising improvements in extraction and processing technologies are also enhancing the efficiency of quartz powder production. However, the rising concerns of compliance with environmental standards leading to increased production costs and challenges for several market participants may limit the industry expansion to some extent.
Quartz Powder Market Trends
Rapid urbanization and the subsequent surge in the demand for paint and pigments on account of the ongoing construction activities will augment the industry growth. Quartz powder is widely used in painting products to render improved resistance to abrasion and scratch. It also boasts of an ability to provide high chemical longevity in industrial coatings. The growing sales of cosmetics and the thriving consumer spending on beauty products worldwide are further expected to drive the product uptake. As per a report by The NPD Group, consumers with a yearly household income of more than $100,000 spent around $9 billion on beauty products in the first half of 2022.
Quartz Powder Market Analysis
Based on application, the quartz powder industry from the facades segment will demonstrate a strong CAGR from 2024 to 2032. This can be attributed to the ongoing residential building activities in developing nations, led by the influx of supportive government policies and the rising demand sustained housing. For instance, in February 2024, the Indian Government launched a new scheme for affordable middle-class housing. In addition, the greater emphasis on building facades across cities and urban centers for enhancing building performances and architectural design will foster the segment growth.
Regionally, the Europe quartz powder industry size is expected to record a significant valuation by 2032, driven by the escalating export of ceramics from major countries, such as Portugal, France, the U.K., and Germany. According to OEC, the exports of ceramic products in the U.K. accounted for up to £41.2M in October 2023. The rapid technological advancements are leading to the development of high-purity quartz powders to cater to applications in the electronics sector to produce semiconductors and solar panels. The strong presence of glue and adhesive manufacturers will further add to the regional industry expansion.
Quartz Powder Market Share
Leading companies in the quartz powder industry are focusing on new product launches and business expansions to reinforce their presence in the global market. These industry contenders are also placing targeted efforts on partnership-based initiatives to scale their revenue sales.
Some of the major quartz powder industry players include:
- CR Lawrence
- Cosentino Group
- Stone Italiana
- Technistone
- DuPont
- LG Hausys
- Compac (TOMRA Sorting Solutions)
- Vicostone
- Caesarstone
Quartz Powder Industry News
In October 2022, LX Hausys introduced three new colors Cantata, Allegro, and Sonoro, to Viatera, its Quartz Surface Musica Collection to add fresh aesthetics to the collection while providing exceptional versatility for the varying kitchen and bath designs