Pune, India, April 18, 2019 (GLOBE NEWSWIRE) -- Global High Purity Quartz Sand Market is Poised to Cross a valuation of USD 1,097,500 thousand by 2023 up from USD 627,344.6 thousand in 2017, registering a CAGR of 9.87%. In terms of volume, the global market stood at 97,961.9 tons in 2017 and is expected to propel at a CAGR of 8.49% during the forecast period.

From optical to solar, from lighting to semiconductor, the reach of high purity quartz sand market is quite pervasive. Across several electronics sector, the component finds extensive application owing to which the global high purity quartz sand market is soaring high. The global high purity quartz sand market is expected to climb up to its expected valuation with a CAGR of 9.87% during the forecast period (2018-2023). The high purity quartz sand is known to have almost no contamination. The modern methods can remove much of the contamination, but the bond silica forms with aluminum, titanium, and lithium are hard to remove. The idea of high purity quartz sand that is why depends on the sector in which it is getting used.

Key Players Head-to-Head:

The global high purity quartz sand market is quite intense, and several companies are vying for the top spot. Their strategical take on the market includes mergers, acquisition, product launch, and other methods. MRFR enlisted the best who was impacting the market the most and analyzed them for an updated review. These companies are Sibelco, The Quartz Corporation, Nordic Mining ASA, Creswick Quartz Plt Ltd., Mineracao Santa Rosa, HPQ Materials, Lianyungang Donghai Colorful Mineral Products Co., Ltd., Momentive, Jiangsu Pacific Quartz Co., Ltd., and Kyshtym Mining.

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Industry News:

In March 2019, VRX Silica Limited revealed their plan for Arrowsmith Silica Sand Projects near Perth. The plant aims at producing 28-million-tonne inferred resource grades at 97.7% silica. The resource area is adequately planned to accommodate later expansion projects if the need arises. The company is also planning on purchasing 590000 tonnes of silicon sands from 3 different companies.

In November 2018, Canadian Premium Sand Inc. joined Hollow Water First Nation with an agreement called the Economic Participation Agreement. This collaboration was agreed with an aim in extracting silica sand.

Segments in Detail:

Segments forming the high purity quartz sand market are type and application. Based on the type, the high purity quartz sand market can be segmented into low grade, medium grade, and high grade. The high-grade segment is enjoying maximum popularity. By application, the high purity quartz sand market is segmented into microelectronics, solar energetics, lighting, fiber optics, and others. The microelectronics segment is enjoying maximum traction, and the segment has the potential to exceed a valuation of USD 56.92 million by 2023 with a 9.25% CAGR over the review period. Due to huge demand from sustainable power segment, the solar energetics segment is rising with robust momentum.

Browse the market data and information spread across 145 pages with 177 data tables and 26 figures of the report “High Purity Quartz Sand Market Report - Forecast 2018-2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/high-purity-quartz-sand-market-7042

Mapping the Global Growth Pockets

The region-specific analysis of the High Purity Quartz Sand Market includes Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), Latin America and North America.  The APAC market is expected to lead from the front during the forecast period. The region has emerged as a lucrative market owing to its several countries revamping their industrial stand. The APAC had well-over 55% of the entire market share in 2017, and it's currently valued at USD 34.76 million. Countries such as Taiwan, Japan, South Korea, and China are showing a keen interest in building up their electronics sector. As a result, the high purity quartz sand market is witnessing traction. North America and Europe would enjoy a considerable market growth as their base for sustainable energy, and research and technology. The high investment would set them on an upward scale.

What to Drive the Market On?

The high purity quartz sand finds applications in several industries that have the potential to emerge as high tech and green. In solar panels, semiconductors, silicon metal, and high-tech glass, the component is getting much traction. Growth in the semiconductor industry and sustainable power sector are expected to spur a hike in the high purity quartz sand market growth. High purity quartz sand has extensive use in the manufacturing of premium-grade silicon wafers owing to which the market is expected to receive substantial traction.

Fiber optics is one sector that is growing in leaps and bounds. In the process, it is also taking high purity quartz sand market for a ride. The production of optical fibers and optical lenses require the active engagement of high purity quartz sand. These are also an integral part of the evolution of urbanization. Urbanization is a global phenomenon, and its rapid growth is also triggering the high purity quartz sand market growth.

In the optical industry, high purity quartz sand has prolific use. From optical fibers to the optical lens, the demand for the component is soaring high. The high purity quartz sand market is experiencing substantial pull in the market owing to economic growth and reforms in China, India, Brazil, and Mexico.

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