India High Silica Quartz Grit Market, Growth Rate, Covid-19 Impact, Economic Impact, Size, Share, Trend, Drivers, Competitive Landscape, Opportunity, Limitations, Technological Landscape, Regulatory Framework, PESTEL Analysis, PORTER’s Analysis, Forecast upto 2028
The high silica quartz gritmarket is expected to increase owing to the surge in solar activity
The Indian high silica quartz grit market is estimated to have USD 35.01 Million in 2021 and is expected to reach USD 67.53 Million by 2028 at a growth rate of 9.93%. India's high silica quartz grit market will be driven by increased industrial activity and urbanization during the anticipated year. Indian manufacturing companies are becoming more common in the high silica quartz grit market. The demand for high-purity quartz in manufacturing industries is driving the growth of India's high silica quartz grit market. Additionally, quartz grit is utilized in electronics for oscillators and filters because of its highly reliable, high-performance resonators. Due to its high melting point (about 1700º C C) and low curing temperature (573º C), quartz has many features that make it useful in the electronics sector, including piezoelectric capabilities likely to boost the Indian market during the forecasted period by 2028.
Furthermore, over the past ten years, the demand for high silica quartz grit has steadily increased, and it is anticipated to create numerous opportunities for the growth of the Indian market during the projected period. Due to its remarkable physical and functional qualities, high-purity quartz is increasingly employed in the lighting business. Quartz of exceptional purity is necessary for the lighting industry.
Application Overview in the High Silica Quartz Grit Market
Based on Application, the high silica quartz grit market is bifurcated into Engineered Stone Industry, Ceramics, Granite, Tiles, Marble, Glass Grinding, Oil Drilling, Abrasive, Electronic Industry, and Others. The Electronic Industry segment is anticipated to hold a considerable share during the forecasted period of 2022-2028 at a significant rate. Semiconductors and electronics heavily influence the demand for high silica quartz grit-based solutions. Due to rising consumer expenditure in developing countries like India, rising demand for solution services, improved cell phone capabilities, and rising use of electric equipment in automobiles, the market for electronics products has expanded significantly in recent years.
Regional Overview in the High Silica Quartz Grit Market
Based on Region, the Indian high silica quartz grit market is bifurcated into North India, South India, West India, and East India. North India is estimated to hold the largest share during the forecasted period of 2022-2028 of the high silica quartz grit market, owing to the rising construction activities across the region. In addition, the high silica quartz grit market is also anticipated to grow due to the development of the optical fibers and telecommunications sectors across the Region. Due to the rising demand for high bandwidth networks and the expanding number of internet users, high silica quartz grit is anticipated to enjoy substantial market growth.
High Silica Quartz Grit Market: Competitive Landscape
Sibelco Group, Jiangsu Pacific Quartz Co., Ltd, Tanvi Mines & Minerals, Mahavir Minerals Ltd, Swastik Minerals, Unique Crystal Minerals LLP, ChettinadMorimura Semi-Conductor Material Private Limited, Kiran Minerals, and Other Prominent Players.
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