Synthetic Quartz Wafer Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2031

The Synthetic Quartz Wafer is referred to a thin, circular plate made up of synthetic quartz crystal. It is made by recrystallizing the natural quartz crystals into high purity quartz crystals with very minimal impurities. These crystals are grown artificially in a synthetic crystal growing autoclave within high temperature and high-pressure conditions, taking 40 to 90 days. The process is followed by slicing and polishing to achieve uniform thickness and smooth surfaces. It exhibits properties like thermal stability, thermal expansion coefficient, excellent optical transparency and electrical installations, these exceptional properties make it suitable in and find applications in various industries including from consumer electronics to automotive and aerospace industries.

MARKET OVERVIEW

The global market valuation of Synthetic Quartz Wafer Market was valued at approximately USD 384 Million in 2023 and is projected to reach USD 957 Million in 2031 exhibiting a CAGR of 9.5% during the forecast period of 2024-2031. Synthetic Quartz Wafer is known for its properties including high purity, thermal stability and electrical insulation. The market is aligned with electronic sector, which makes it a sustainable and growing market.

GROWTH DRIVERS

The synthetic quartz is important material for solar power devices as it increases the efficiency of the devices. The rising demand of renewable energy, mainly, solar energy which utilizes the solar panel creates significant demand for the market. According to Solar Energy Industries Association, 53% of all the new electric capacity added to the grid in 2023 has been powered through solar energy, marking the first time in 80 years a renewable energy resource has captured most of the new capacity added.

Synthethic quartz is an important material for the growing automotive electronics market as it is used in infotainment systems, electric vehicles and ADAS in the vehicles, providing reliability and temperature stability. According to Statista, the worldwide car sales grew to approximately 75.3 million automobiles in 2023, up from around 67.3 million units in 2022. The rise in demand for semiconductor devices across various industries, which includes consumer electronics, automotive and telecommunications, creates significant opportunities and growth for synthetic quartz wafer market.

These devices require need for high quality substrates like synthetic quartz, the devices are highly sophisticated and integrated requiring better thermal stability for the same. According to SIA, the global semiconductor market grows by 16.3 % in February 2024, which is largest since May 2022, creating significant opportunities for the market and contributes towards the growth of the market. It plays a critical role in advanced components of 5G technology, requiring for handling higher frequencies and data rates. It offers excellent electrical properties suitable for manufacturing radio frequency and mm Wave components essential for 5G networks.

According to 5g Americas, there are currently 296 commercial 5G networks worldwide and it is expected to grow to 438 by 2025. According to 5G observatory the 5Gcoverage has grown by 35% and in high income countries 89% of people are covered by 5G networks. The wide adoption of IoT devices including smart homes, industrial automation and healthcare sector fuels the demand of the market. It enables the development of miniature and power efficient sensors that are required for IoT deployments. 

MARKET SEGMENTATION:

·         By Type– Below 4-inch, 4-inch and 6-inch wafers, 8-inch and 12-inch wafers and others

·         By Application – MEMS, Display, Semiconductor and others

·         By Region- North America, Europe, Asia Pacific, The Middle East and Africa, South America

Synthetic Quartz Wafer Market By Type Segment Review:

 The below 4-inch segment are mainly used in applications for its compactness and cost effectiveness. It finds applications for manufacturing sensors, microcontrollers and other small or miniaturized devices across industries including MEMS, RFID and more. The 4-inch and 6-inch segment is utilized in semiconductor fabrication processes. It provides a balance between scalability and cost reduction, making it a popular choice for integrated circuits like memory chips, power devices and more.

The 8-inch and 12-inch segment represents that are used in manufacturing technology for the fabrication of advanced logic and memory integrated surface that are used in computing, telecommunications and consumer electronics. The flexibility in size offerings allows the manufacturers to provide tailored solutions to diverse customer requirements.

Synthetic Quartz Wafer Market By Application Type Segment Review:

The synthetic quartz serves as the foundational substrate for MEMS devices, it integrates the mechanical and electrical components on a miniature size scale and improves performance and function ability. The MEMS applications includes sensors, actuators, accelerometers, gyroscopes and microfluid devices that are used in automotives sector, consumer electronics sector, healthcare, aerospace and industrial sector. It plays play crucial role in the fabrication of display technologies like LCD, OLED and Micro LED displays.

It provides excellent thermal stability with high optical transparency and uniform surface characteristics, helping in producing high quality display panels. In semiconductor industry, it is used as substrates for device fabrication, serving as the foundation component in memory chips, RF, power devices and more.

Synthetic Quartz Wafer Market Regional Analysis:

North America is a value market driven by the factors like the region leads in technological innovations and the presence of robust the electronics sector, including smartphones, automotive, electronics, tablets and more, drives the market towards the growth. Europe is a prominent market due to presence of robust automotive manufacturing base, which fuels the demand of the market.

Asia Pacific is a significant market as the region is considered as the manufacturing hub, particularly in the countries like China, Taiwan, Korea and Japan which serves as the manufacturing hub. for electronics and semiconductor industries. The Middle East and Africa is a promising market driven by factors like infrastructure development including telecommunications, energy or industrial sectors which drives the demand of electronic components. South America is a growing market driven by rapid industrialization and urbanization.

Key Challenges:

The stringent laws and regulation that governs the use of dangerous chemicals and waste management applied to the creation of high purity synthetic quartz glass. The rules may increase the price and delay in manufacturing, which may limit the market growth. The market face competition from the alternatives like natural quartz that are widely available, other natural stones, ceramics or any engineered stone which possesses same properties at a low cost. may limit the adoption which is a significant challenge for the market.

Competitive Landscape:

In the highly competitive Synthetic Quartz Wafer market, companies are investing heavily in research and development to innovate and improve the product and services. They are also collaborating, forming strategic partnerships, or acquiring other companies to gain access to new market segments, enhance distribution networks, and increase market share. Recent developments includes - Heraeus Holding acquired high-purity quartz business of Mersen, in 2021. Saint-Gobain launched its new synthetic quartz product line, QUARTZCAST, in 2021.  Swiss Jewel Company launched its new synthetic quartz glass micro components for use in various applications, including optics, electronics, and medical devices, in 2021. In January 2021, KYOCERA acquired SLD Laser. 

Global Key Players:

·         Nippon Electric Glass

·         Asahi Glass Co

·         SCHOTT

·         Plan Optik AG

·         Nihon Dempa Kogyo

·         Bullen

·         Coresix Precision Glass

·         Edmund Optics

·         Sydor Optics

·         Nikon

·         Zhejiang Lante Optics

·         Shin-Etsu Chemicals Co., Ltd.