Powder and Bulk Engineering

PBE0421

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April 2021 / 15 manufacturing as many countries focus on implementing renewable energy policies, including adding solar energy sources, as a solution to increasing carbon emissions. For more info and to purchase a copy of the report for $2,000, visit www. fairfieldmarketresearch.com. of demand as they have large semi- conductor and solar photovoltaic facilities. China's own quartz supply isn't of high enough quality, so it relies on imports for high-end appli- cations. Contributing to China's demand for HPQ is the growing demand for solar photovoltaic interactivity with the environment. Interactive pigments can include fluorescent, thermochromic, or pho- tochromic. For more info and to purchase a copy of the report for $6,500, visit www.smithers.com. High purity quartz market driven by semiconductor, solar panel demand According to the report High Purity Quartz Market Global Industry Analy- sis (2017-2021) — Growth Trends and Market Forecast (2021-2025) by Fair- field Market Research, high purity quartz (HPQ) is an important stra- tegic material in high technology applications, including microcrystal- line solar cells, semiconductor fused quartz, microelectronics, fiber optics, and high-intensity lighting tubing. The HPQ market is predicted to be worth $1.13 billion by the end of 2025, increasing from $705 million in 2017 and registering a 7.5 percent com- pound annual growth rate (CAGR) in the market forecast. The electronic components segment is expected to be a key market driver during the forecast period. In terms of revenue, the solar and semiconductor indus- tries held more than 75 percent of the global HPQ market in 2018. In value terms, the semiconductor application segment accounted for about 52 per- cent of the total market in 2017. The report predicts that the semiconduc- tor industry will grow from 7 to 10 percent during the forecast period from 2019 to 2025, meaning that quartz demand should also increase. The quartz deposits with the best quality are located in Spruce Pine, NC, which supplies most of the high and ultrahigh purity quartz globally. Other major countries that supply HPQ are Russia and Norway. In terms of demand for HPQ, the Asia-Pacific region had the highest demand in 2018. China and Japan accounted for a majority

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