While natural quartz occurs naturally in basically all mineral environments, synthetic quartz is produced by the hydrothermal synthesis of seed crystal, known as lasca. Synthetic quartz is in high demand in the electronics & electrical industry due to its good piezoelectric and optical properties. The use of synthetic quartz has also become common in the gems & jewelry market owing to its low-cost as well as purity, as compared to natural quartz, which carries a number of flaws and impurities.

The synthetic quartz market is estimated at USD 72.4 Million in 2017 and is projected to reach USD 95.0 Million by 2022, at a CAGR of 5.6% from 2017 to 2022. Technological advancements in the consumer electronics industry across the globe, along with increased adoption of wireless technologies in automotive, defense, and several other industries are expected to fuel the growth of the synthetic quartz market during the forecast period.

Based on type, the synthetic quartz market has been segmented into synthetic quartz crystal, synthetic quartz glass, and others. The synthetic quartz crystal segment is projected to grow at the highest CAGR during the forecast period. Synthetic quartz crystals are mostly used in the electronics & electrical, and automotive industries, as these crystals are the ideal material for making frequency-controlled oscillators. Most wireless devices in the electronics and automotive industry use synthetic quartz crystal oscillators to generate a stable frequency. Moreover, synthetic quartz crystals are also used to manufacture synthetic rubies, emeralds, and sapphires for jewelry purposes.

Based on application, the synthetic quartz market has been classified into electronics & electrical, automotive, construction, and others. The electronics & electrical segment is projected to grow at the highest CAGR owing to high demand for consumer electronics devices from China, South Korea, India, and other emerging countries of the Asia Pacific region during the forecast period. Asia Pacific is also the largest producer and consumer of smartphones, laptops, TVs, and other consumer electronic devices in the world. This, coupled with the increasing demand for consumer electronics in the region, is expected to boost the Asia Pacific synthetic quartz market in the coming years.

The synthetic quartz market in Asia Pacific is projected to grow at the highest CAGR during the forecast period, in terms of value. Rapid industrialization in the Asia Pacific region and increased demand for synthetic quartz from electronics and automotive industries are driving the growth of the synthetic quartz market in this region.

The key factors contributing to the increased demand for synthetic quartz across the globe include a rise in the adoption of wireless technologies for process optimization in most of the industries and the worldwide increase in disposable income of consumers that have resulted in the procurement of high-quality and advanced consumer electronics devices.

NIHON DEMPA KOGYO (Japan), Shin-Etsu (Japan), Seiko Epson (Japan), Murata Manufacturing (Japan), Kyocera (Japan), and TXC Corporation (Taiwan) are the key players operating in the synthetic quartz market.