World - Quartz Crystal (Natural) - Market Analysis, Forecast, Size, Trends and Insights
Global Quartz Market to Soften Its Growth by 2025
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According to market research conducted by IndexBox, the global quartz market expanded to X thousand tonnes in 2015, displaying mixed trend patterns over the period under review. A significant increase in 2008 was followed by two years of gradual contraction. Afterwards, the market volume rebounded successfully, and then leveled off through to 2015 with minor fluctuations. In value terms, it stood at X million USD in 2015.
Driven by global modest economic growth, the quartz crystal sector as a whole is projected to continue an upward consumption trend over the next nine years. Reflecting the current slowdown of global economy and trade, market performance is forecast to decelerate, with an anticipated CAGR of +X% for the nine-year period from 2015 to 2025, which is then expected to lead the market volume to X million tonnes by the end of 2025.
As a result of the fact that quartz crystal is consumed in many industrial sectors, overall, global economic and trade performance will determine and establish the prospects for market growth. Natural quartz crystal is used in the metallurgy sector as a fluxing agent, and also as a raw material in the production of refractory materials, as well as several grades of steel and alloys. Quartz crystal is also a popular material in the glass and ceramics industries. Smaller volumes of optical-grade quartz crystal is used to manufacture lenses and windows for various specialized devices, which include some lasers. Natural quartz crystal is also widely used as a sculpting tool or material in the production of carvings and other types of gemstone. Until recently, natural quartz crystal was also used in most electronic and optical applications, but it has now conceded to the use of cultured quartz crystal in the various relevant devices and applications. Natural quartz crystal is still occasionally used as a culture material in the crystal reproduction and growing process.
The global economy is stalling as a result of contracting trade performance world-wide, weak investment, and increased levels of policy uncertainty. It is forecast that global growth will attain the weakest performance performance figures since the beginning of the global financial crisis. The World Bank maintains that developed-country economies are continuing to be affected by dampened growth prospects and low inflation, against increased uncertainty with regard to policy direction, tepid investment, and sluggish output growth. The US economy has slowed considerably; this is also the case in several of the world's other major economies.
Global trade has also seen a further contraction in recent years, thereby accompanying the anaemic pace of growth seen in the world's advanced-economy countries. Commodity prices are no longer subject to such erratic fluctuations as seen previously, and are now projected to increase moderately in the immediate term, thereby providing support for commodity-exporting developing countries, and softening the impact from the general sluggish economic performance being experienced world-wide. In 2017, a moderate economic recovery is forecast, despite the uncertain outlook. Solid growth with regard to commodity importers is currently anticipated, while an increase in commodity exporters is projected to pick up in 2017 from the virtual stagnation figures recorded in 2016; this will enable exporting countries to make a more tangible contribution to global economic growth.
Do you want to know more about the global quartz market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- quartz market share
- quartz prices
- quartz industry
- quartz sales
- quartz market forecast
- quartz price forecast
- key quartz producers
Source: IndexBox AI Platform
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