The high purity quartz market in the Middle East is experiencing significant growth and is projected to reach a value of US$1.13 billion by the end of 2025, according to the latest report from Fairfield Market Research. With a market value of USD 705 million in 2017, the industry is expected to achieve a strong compound annual rise rate (CAGR) of 7.5% during the forecast period 2021-2025.

The semiconductor segment, representing approximately 52% of the total market in 2017, holds substantial value. High purity quartz is essential for manufacturing high-quality quartz crucibles and quartz glass products, as even slight impurities can impair semiconductor conductivity. With a projected growth rate of 7%-10% from 2019 to 2025, the semiconductor industry is anticipated to be a key driver of market expansion in the Middle East.

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The market faces challenges due to concentrated supply sources and high product prices, with Spruce Pine in North Carolina, USA, and Kyshtym in Russia accounting for over 90% of total production. While manufacturers are exploring alternative deposits in countries such as Australia, Russia, Canada, and Mauritania, the quality falls short of the industry-standard benchmark, IOTA®. Overdependence on US quartz deposits and unexpected supply chain bottlenecks pose risks to the solar PV industry, which heavily relies on imports.

The high purity quartz industry in the Middle East is actively seeking disruptive technologies to address the current energy-intensive and environmentally unfriendly processing methods. Innovative developments, such as the technology developed by Golovach Quartz in Vietnam, enabling the recycling of reagents without hazardous waste production, offer cost-competitive and eco-friendly solutions. These advancements have the potential to reshape the industry, reducing waste and production costs.

The Middle East region has witnessed a notable surge in the consumption of high purity quartz, driven by countries such as Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait. The shift towards renewable energy sources, driven by initiatives like "The Paris Agreement," has further increased the demand for high purity quartz in the solar energy sector. With cumulative solar capacity reaching 583.5 GW in 2019 and double-digit growth anticipated over the next decade, high purity quartz remains essential in the production of solar PV wafers.

Sibelco and Quartz Corp. currently dominate the highly competitive high purity quartz market, occupying over 80% of the market share. Most companies in the industry are privately held and engage in contractual agreements with end-users. The prices of high purity quartz are primarily influenced by quality and purity, with demand expected to outpace supply in the coming years, impacting prices in the Middle East.

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