Global Fused Silica Market Is Forecast To Reach USD 3,474 Million By 2032
Fact.MR estimates fused silica market value to reach USD 3,474 million valuation by 2032 end, and projected to account for nearly ~15% of the overall silica sales value during the same timeframe.
Additionally, fused silica consumption is projected to increase with a CAGR of around 5.5% over the period of 2022-2032 with market being valued at USD 3,474 million by 2032 end, evaluates Fact.MR- a market research and competitive intelligence provider.
Moreover, production of fused silica stood at around 50 Kilo tons in 2021, accounting for 18% of total silica production and is poised to grow with a CAGR of around 5.0% with production projected to reach 85 KT by 2032 end.
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By Form :
By Application :
- Investment Casting
- Glass Substrates
By End-Use Industries :
- Electronics & Semiconductor
- Solar Industries
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
NOVORAY, Imerys Refractory Minerals, Corning , Vesuvius, Dupré Minerals Limited, Huang He Minerals Co., HeNan JunSheng Refractories Limited, PROVENCALE S.A., Quarzwerke GmbH are some of the major players in the fused silica market.
Market players involved in the production of silicon can be seen carrying out production capacity expansion to gain market share and hence competitive advantage.
Fact.MR has provided detailed information about price points of top manufacturers of fused silica positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion in the recently published report.
Why Adoption of Optical Fibres is Poised to Drive Global Fused Silica Market?
Working of optical fibre is on the general principle of total internal reflection. In order to get best results, optical fibres should be made with material which are able to carry signal sources with minimal transmission loss. Moreover, material used for manufacturing of optical fibres should comply with industrial specifications such as tamper proofing as these fibres are widely used in defence and banking services.
Fused silica tubes owing to its chemical purity and geometric tolerances are being preferred in manufacturing of optical fibres. Moreover, internet connectivity is on rise which calls adoption of optical fibres for fast services.
Attributed to above discussed factors along with rising demand for intern connectivity will drive growth of fused silica over the forecast period.