Fused Silica Market size was valued at USD 2,151.5 Million in 2023, expanding at a CAGR of 5.50% from 2024 to 2032.
Fused silica is created from high-purity crystal silica (quartz sand) that is melted in electrical arc ovens at 1800-2000 °C and then cooled quickly to avoid crystallization and obtain transparent amorphous silica (silicon dioxide). It is a glassy (noncrystalline) type of silicon dioxide. It has no long-range order in its atomic structure. Its highly crosslinked three-dimensional structure results in a high usage temperature and a low thermal expansion coefficient.
Fused Silica Market- Market Dynamics
Rising demand for high-precision electronics
The demand for high-precision electronic components, fueled by industries such as telecommunications, automotive, and consumer electronics, is a major driver of the fused silica market. As these industries work to improve the efficiency, performance, and downsizing of electronic devices, the demand for materials with remarkable thermal stability, minimal thermal expansion, and dependable optical qualities grows. Fused silica has grown in relevance in the market as there is a greater demand for high-precision electronics. Its particular qualities make it an essential material for the creation of components requiring high precision, such as photomasks for photolithography and wafer carriers for semiconductor production. The ability of fused silica to tolerate high temperatures while maintaining structural integrity helps sophisticated electrical gadgets be more efficient and reliable.
Fused Silica Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.50% over the forecast period (2024-2032)
Based on Form segmentation, Grain is typically the dominant segment of the Fused Silica Market.
Based on End-use Industry segmentation, The Electronics & Semiconductors section dominated the market in 2023.
In terms of region, Asia Pacific was the largest revenue generator in 2023.
Fused Silica Market- Segmentation Analysis:
The Global Fused Silica Market is segmented on the basis of Form, End-use Industry, and Region.
The market is segmented into two segments according to Form: Grain and Flour. Grain is often the dominant section in the fused silica market. Grain has the highest share due to the wide range of applications for fused silica grain, such as glass and ceramics production, as well as other industrial applications. Fused silica grain is very pure, thermally stable, and resistant to thermal stress, making it suited for application in high-performance situations. The increased need for high-quality glass goods and innovative ceramics in areas such as electronics, optics, and aerospace contributes to the grain segment's dominant position.
The market is divided into five categories based on the End-use Industry: Foundry, Solar, Electronics and semiconductors, Photonics, and Others. The Electronics & Semiconductors section has the biggest market share due to the widespread usage of fused silica in the manufacture of semiconductors, fiber optics, and other electronic components. The Healthcare market is predicted to expand significantly in the coming years because to rising demand for fused silica in medical devices, laboratory equipment, and drug delivery systems.The Manufacturing segment uses fused silica for high-precision optics, lasers, and other industrial applications, which helps it flourish. Optics, spectroscopy, and microscopy are among the research applications that drive demand for fused silica in research institutions and universities. Finally, the Aerospace military section uses fused silica for aircraft windows, optical systems, and high-power lasers, which helps it expand in the military industry.
Fused Silica Market- Geographical Insights
Geographically, this market is distributed over Latin America, Europe, Asia Pacific, North America, and the Middle East and Africa. These regions are further split based on the nations bringing commerce. Asia Pacific dominated the Fused Silica Market in 2023. Growing economic development in the region's emerging economies is expected to play a significant influence in increasing tire manufacturing. Furthermore, the coatings business is expected to rise as the region's construction activity increases. Growing product demand is prompting key market participants to expand their manufacturing capacity. For example, Evonik Wynca (Zhenjiang) Silicon Material began operations in October 2021, marking the company's first fumed silica production in China. Evonik seeks to position itself by establishing a worldwide supply network for its customers in China and Asia.
North America had the second-largest share of revenue in 2023. Countries in the region are investing in the building of affordable housing, which is likely to drive up demand for paints and coatings. For instance, in April 2022, the Canadian government contributed USD 10 billion to the overall housing package for the next five years. Europe is an important market for the Fused Silica Market. Various industries, including pharmaceuticals, automobiles, FMCG, and high-end luxury products, are fueling regional product demand. Regulations aimed at reducing VOC emissions in the paints and coatings industry are projected to drive up demand for eco-friendly speciality silica in the region in the coming years.
Fused Silica Market- Competitive Landscape:
The competitive landscape of the fused silica market has a number of leading players with significant influence on the industry. Major companies include 3M, PROVENCALE S.A, Corning, Jiangsu Zhongsheng Silicon Mstar Technology Ltd, and Vesuvius, companies that are recognized for their advanced technologies and high-quality fused silica products. Such firms strive to expand their product portfolios and strengthen their manufacturing capabilities in an attempt to keep pace with rising demands from sectors such as electronics, optics, and construction, which fuel competition and technological innovation in the industry.
Recent Developments:
In January 2022, Evonik, a chemical manufacturer, has launched SIPERNAT 820 AEROSIL, a hydrophilic fumed silica suited for producing automated dishwashing detergents.
SCOPE OF THE REPORT
This report's scope includes the following important market segments:
GLOBAL FUSED SILICA MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
3M
PROVENCALE S.A
Corning
Jiangsu Zhongsheng Silicon Mstar Technology Ltd
Vesuvius
Washington Mills
Dupre Minerals Limited
Xuzhou Sainuo Quartz Co., Ltd.
Huang He Minerals Co.
Xin Yi Wan He Kuang Ye Limited
HeNan JunSheng Refractories Limited
Lianyungang Hengbao Quartz Co., Ltd.
Heraus; Lianyungang Haoyu
Quartz Co., LTD
Imerys Refractory Minerals
Novoray
Quarzwerke GmbH
Lianyungang Taosheng Fused Quartz Co. Ltd
Others
GLOBAL FUSED SILICA MARKET, BY FORM- MARKET ANALYSIS, 2019 - 2032
Grain
Flour
GLOBAL FUSED SILICA MARKET, BY END-USE INDUSTRY- MARKET ANALYSIS, 2019 - 2032
Foundry
Solar
Electronics & Semiconductors
Photonics
Others
GLOBAL FUSED SILICA MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. Fused Silica Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Fused Silica Market Snippet by Form
2.1.2. Fused Silica Market Snippet by End-use Industry
2.1.3. Fused Silica Market Snippet by Country
2.1.4. Fused Silica Market Snippet by Region
2.2. Competitive Insights
3. Fused Silica Key Market Trends
3.1. Fused Silica Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Fused Silica Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Fused Silica Market Opportunities
3.4. Fused Silica Market Future Trends
4. Fused Silica Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Fused Silica Market: Impact of Escalating Geopolitical Tensions
5.1. Impact of COVID-19 Pandemic
5.2. Impact of Russia-Ukraine War
5.3. Impact of Middle East Conflicts
6. Fused Silica Market Landscape
6.1. Fused Silica Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. Fused Silica Market - By Form
7.1. Overview
7.1.1. Segment Share Analysis, By Form, 2023 & 2032 (%)