DUBLIN--(BUSINESS WIRE )--The "Quartz Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global quartz market reached a value of US$ 6.78 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 9.91 Billion by 2027, exhibiting a CAGR of 6.53% during 2021-2027.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Quartz refers to a solid, natural crystalline mineral, which is composed of silicon dioxide (SiO2) and is abundantly discovered in various metamorphic, igneous, and sedimentary rocks. It possesses piezoelectric properties that assist in generating positive and negative charges on alternate prism edges, due to which it is used as a pressure gauge in depth-sounding apparatus.

Apart from this, quartz is durable, corrosion-resistant, and highly tolerant to chemical and mineral weathering, on account of which it is extensively employed for manufacturing several electronic products. At present, quartz is commercially available in crystals, stones, pebbles, engineered, high-purity and crucible types.

The widespread adoption of quartz in various industrial verticals, especially the electronics and semiconductor sectors, can be attributed to the increasing requirement of stable, high-performance resonators. They are used as a key component in filters and oscillators, which represents the prime factor currently driving the market toward growth.

This is further supported by the rising sales of various electronic gadgets, including tablets, phones, desktops, and laptops, which, in turn, has intensified the demand for semiconductors. In line with this, rapid technological advancements, along with the extensive utilization of quartz crystals in the production of frequency filters, controllers, and timers in the electronic circuits is acting as another growth-inducing factor.

Additionally, the increasing ongoing construction activities have prompted manufacturers and interior designers to employ quartz as a highly preferred engineering stone for the indoor flooring application in commercial spaces, which is propelling the market growth. Other factors, such as the growing product usage to produce different gemstones, such as amethyst and citrine, for healing and spiritual purposes, along with continuous investments in research and development (R&D) activities for launching high purity quartz, are creating a positive outlook for the market.

Key Questions Answered in This Report:

7 Market Breakup by End User

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900