[121 Pages Report] Synthetic Quartz Market size was valued at USD 68.6 Million in 2016, and is projected to reach USD 95.0 Million by 2022, at a CAGR of 5.6% from 2017 to 2022. The market for synthetic quartz is largely driven by the growth of the electronics industry. In addition, the growing demand for smartphones and connected devices, increasing adoption of 4G and LTE networks, and rising demand for advanced electronic devices and equipment from the healthcare industry are fueling the market growth.

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The leading players operating in the synthetic quartz market include NIHON DEMPA KOGYO (Japan), Shin-Etsu (Japan), Seiko Epson (Japan), Murata Manufacturing (Japan), Kyocera (Japan), and TXC Corporation (Taiwan).

Synthetic quartz Market, by Type:

Synthetic Quartz Crystal
Synthetic Quartz Glass
Others
Synthetic quartz Market, by Application:

Electronics & Electrical
Automotive
Construction
Others
Among applications, the electronics & electrical segment is estimated to lead the synthetic quartz market, in terms of value.

Based on application, the electronics & electrical segment is estimated to lead the synthetic quartz market in 2017, in terms of value. Electronics & electrical is one of the prominent application segments for synthetic quartz as the global electronics sector has been showing robust growth in recent years with the evolution of smartphones and tablet PCs. Rising disposal income in emerging economies of Asia Pacific has been resulting in the adoption of the electronics & electrical devices across the region, thus helping the synthetic quartz market to witness robust growth in the coming years.

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The synthetic quartz market in Asia Pacific is projected to grow at the highest CAGR from 2017 to 2022, in terms of value.

The Asia Pacific region is a highly potential market for synthetic quartz. Asia Pacific is projected to be the fastest-growing synthetic quartz market during the forecast period. The primary reason behind this growth projection is the expansion of telecommunication networks in China, South Korea, India, and other emerging countries of the region. Asia Pacific is also the largest producer and consumer of smartphones, laptops, TVs, and other consumer electronic devices in the world. This, coupled with the increasing demand for consumer electronics in the region, is expected to boost the synthetic quartz market in Asia Pacific in the coming years.

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