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Home > News > Industry News > Revenue of Fused silica as a Glass Substrate Is Predicted to Reach $700 Million by 2032

Revenue of Fused silica as a Glass Substrate Is Predicted to Reach $700 Million by 2032

Post Time:Jun 08,2023Classify:Industry NewsView:1052

High-purity silica created by melting silica at high temperatures and quickly cooling it to form glass is known as fused silica, also known as fused silica.great melting point fused silica also offers low thermal expansion coefficient, strong chemical resistance, and great transmission in the ultraviolet and visible spectrums.The growing demand from several end-use sectors, including semiconductors & electronics, optics & photonics, and automotive, is what is driving the worldwide quartz glass market.Fused silica is used as a substrate in the semiconductor industry to create microchips and other electronic parts.Fused silica is used to create lenses, prisms, mirrors, and other optical components in the optics and photonics sector.Fused silica is utilised in sensors, catalytic converters, and exhaust systems in the automobile industry. The market is dominated by major manufacturers such as Corning, Heraeus and Tosoh, but there are also many smaller players in the market. The product is sold through various channels including direct sales, distributors and online retailers.

The rising demand for high purity fused silica is one of the major market trends.It is utilised in situations where even little contaminants might significantly affect performance.To satisfy consumer demand, producers are creating new goods with higher levels of purity and improved optical and mechanical characteristics.The rising usage of fused silica in 3D printing applications is another industry development.In a number of 3D printing techniques, including stereolithography, selective laser sintering, and fused deposition modelling, fused silica can be utilised as the printing medium.

Overall, it is anticipated that the global market for fused silica will keep expanding in the years to come, propelled by rising demand from several end-use sectors and the creation of new and inventive goods.It’s crucial to remember that the market is fiercely competitive, and that producers must constantly develop and enhance their products to stay in the game.

Key Findings of Fused Silica Market Research:

  • The report provides a current market outlook for fused silica. Moreover, the market share of fused silica is expected to grow at a CAGR of 5.5% during the forecast period.

  • Regional breakdown of the fused silica market based on pre-defined taxonomies.

  • An innovative manufacturing process implemented in detail by our fused silica vendor.

  • To understand the revenue and growth prospects of these areas with regional and country segmentation of the fused silica market.

  • Changing consumer preferences in different regions and countries.

  • Factors (positive and negative) impacting the growth of the global fused silica market.

  • Fused Silica Price, Market Share and Trend Forecast for 2022-2032 Evaluation Period

competitive environment

In order to increase their market share and, consequently, their competitive edge, silicon producers may be observed expanding their manufacturing facilities.

In a newly released analysis, Fact.MR offered comprehensive details regarding the pricing points of leading fused silica producers positioned throughout geographical areas, along with data on sales growth, production capacity, and hypothetical production expansion.

The fused silica industry is dominated by several prominent players including

  • Novolei

  • imerys refractory mineral

  • Corning

  • Vesuvius

  • Dupre Minerals Limited

  • Huanghe Mining Co., Ltd.

  • HeNan JunSheng Refractory Limited

  • PROVENCAL SA

  • Quartz Works GmbH

What makes this survey different from other surveys?

  • The COVID-Impact Analysis-Report contains details of the impact of the pandemic on the fused silica market, including insights on the pre-COVID situation. Additionally, the report benefits in terms of post-COVID recovery prospects, changes in consumer demand, and valuable purchasing patterns for fused silica companies.

  • Industry Trends Analysis – This study covers recent developments in the field of fused silica enhanced by changes in applicable technologies and industrial processes. We explain the range of digital and industrial technologies so that our clients can understand the benefits and risks involved in light of market trends.

  • Sustainability Indicators for Fused Silica – Growing concerns about green production and consumption are taken to the next level with this study, as the research focuses on new ways to ensure sustainability. These insights include climate-friendly initiatives adopted by some industry players. In addition, the details of the manufacturer’s impact on its carbon footprint are assessed, with the aim of making clients aware of their contribution to the Sustainable Development Goals.

Main segment

  • By form:

    • cereals

    • flour

  • By application:

    • investment casting

    • Refractories

    • semiconductor

    • glass substrate

    • others

  • By end-use industry:

    • Foundry

    • Electronics/Semiconductors

    • solar industry

    • photonics

  • By Region :

    • North America

    • latin america

    • Europe

    • east asia

    • South Asia/Oceania

    • Middle East and Africa

Source: https://www.digitaljournal.com/Author: shangyi

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