The high purity quartz market in Austria is experiencing robust growth, with a projected value of US$1.13 billion by the end of 2025, according to the latest report from Fairfield Market Research. With a market value of USD 705 million in 2017, the industry is expected to achieve a significant compound annual rise rate (CAGR) of 7.5% during the forecast period of 2021-2025.
In 2018, the global production of high purity quartz reached an estimated 100,000 metric tons, with the solar and semiconductor industries dominating the market and accounting for over 75% of the revenue. The increase in fabrication facilities, particularly in the electronics sector, has contributed significantly to the growing demand for high purity quartz.
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The semiconductor segment, which accounted for approximately 52% of the total market in 2017, holds substantial value. High purity quartz is essential for manufacturing high-quality quartz crucibles and quartz glass products, as even slight impurities can impair semiconductor conductivity. With a projected growth rate of 7%-10% from 2019 to 2025, the semiconductor industry is anticipated to be a key driver of market expansion in Austria.
Austria has emerged as a significant consumer of high purity quartz, driven by its advanced semiconductor and solar PV facilities. The country's commitment to renewable energy sources, as exemplified by initiatives like "The Paris Agreement," has further fueled the demand for high purity quartz in the solar energy sector. With cumulative solar capacity reaching 583.5 GW in 2019 and double-digit growth expected over the next decade, high purity quartz remains crucial in the production of solar PV wafers.
The market faces challenges due to concentrated supply sources and high product prices, with Spruce Pine in North Carolina, USA, and Kyshtym in Russia accounting for over 90% of total production. While manufacturers are exploring alternative deposits in countries such as Australia, Russia, Canada, and Mauritania, the quality falls short of the industry-standard benchmark, IOTA®. Overdependence on US quartz deposits and unexpected supply chain bottlenecks pose risks to the solar PV industry, which heavily relies on imports.
Austria has emerged as a significant consumer of high purity quartz, driven by its advanced semiconductor and solar PV facilities. The country's commitment to renewable energy sources, as exemplified by initiatives like "The Paris Agreement," has further fueled the demand for high purity quartz in the solar energy sector. With cumulative solar capacity reaching 583.5 GW in 2019 and double-digit growth expected over the next decade, high purity quartz remains crucial in the production of solar PV wafers.
The high purity quartz industry in Austria is actively seeking disruptive technologies to address the current energy-intensive and environmentally unfriendly processing methods. Innovations such as the technology developed by Golovach Quartz in Vietnam, which enables the recycling of reagents without hazardous waste production, offer cost-competitive and eco-friendly solutions. These advancements have the potential to reshape the industry, reducing waste and production costs.
Sibelco and Quartz Corp. currently dominate the highly competitive high purity quartz market, occupying over 80% of the market share. Most companies in the industry are privately held and engage in contractual agreements with end-users. The prices of high purity quartz are primarily influenced by quality and purity, with demand expected to outpace supply in the coming years, impacting prices in Austria.
As the high purity quartz market in Austria continues to grow, it presents opportunities for local businesses, investors, and stakeholders to contribute to the industry's success and drive economic growth in the country.
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