High purity quartz sand has existed as a material of strategic significance. Unique piezoelectricity property of the high purity quartz sand can convert mechanical pressure into electrical energy or vice versa, thereby gaining increasing applications in semiconductor industry, optical fibers, and photovoltaic cells. The high purity quartz sand offers excellent attributes essential for manufacturing various high-tech products which is directly influencing its rising demand. Owing to technological advancements, high purity quartz sand is widely used as raw material for production of semiconductor quartz ware, fused crucibles, and lighting products. These are the key factors favoring growth of the high purity quartz sand market.

With intensifying competition in semiconductor industry, chip manufacturers and designers are focusing on improving the product performance while reducing price that make the high-tech products more affordable for consumers. This in turn is likely to upsurge the demand, subsequently fuelling growth of high purity quartz sand market. The high purity quartz sand meets many needs of optical instruments such as prisms, lenses, and optic fibers. Significant estimated growth of global optic fiber market due to increasing applications in telecommunications and broadband industry will possibly open new lucrative opportunities for the growth of high purity quartz sand market.

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Steady Demand for Soft Magnetic Materials to Bolster the Demand

In soft magnetic applications, high purity iron powder is specifically used in ignition system components, electric motor components, solenoids, and inductors. The automotive industry is undergoing rapid electrification. And demand for electrical operating systems and electric power devices has increased as they are indispensable components of EVs and hybrid electric vehicles (hEVs). Electromagnetic coils found in motors and transformers contain an iron core and a copper winding. Manufacturers are focusing on developing soft magnetic iron powder that can deliver higher AC magnetic qualities.

Preference for Fortified Foods Fueling HPI Powder Utilization

Iron deficiency is the most prevalent and widespread nutritional disorder and is the only nutrient deficiency that is significantly present in the industrialized countries. Food grade high purity iron powder approved by FCC has high bio-availability and is a primary ingredient in food fortification. As the global population is rising with the estimations to reach approximately 9.7 billion by 2050, food industry is evolving dramatically to accommodate the increasing demand. A novel application for high purity iron powder is found in animal feed industry whose growth remains under the influence of increased productivity yield and affordable animal protein demand. Valued at US$ 4.3 Mn in 2018, the global food grade iron is estimated to reach US$ 6.9 Mn by the end of 2026. On account of rising iron deficiency and availability of iron rich food varieties, demand for food grade high purity iron powder is set to rise in the future.

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Regional Segments Analyzed Include

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

• Elaborated scenario of the parent market
• Transformations in the market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast market size based on value and volume
• Latest industry developments and trends
• Competition landscape
• Strategies adopted by the market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on performance of the market
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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