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Global High Purity Quartz market accounted for $671.62 million in 2019 and is expected to reach $1,233.94 million by 2027 growing at a CAGR of 7.9% during the forecast period.
Some of the key factors propelling market growth include an increasing demand from various end use industries, rising demand for high purity quartz in hydraulic cracking in oil and gas industries, and increasing setting up of PV solar power stations coupled with increasing demand for technological advancements. However, lack of manufacturers in developing regions and high prices of raw materials are expected to restrain market growth.