Fused Silica Consumption Value Is Expected To Grow At A CAGR of Around 5.5% during the Period 2022-2032
The fused silica market is estimated to grow at a 5.5% CAGR from 2022 to 2032, from USD 2,034 million in 2022 to USD 3,474 million in 2032.
Production of fused silica reached its peak in 2021 at over 50 KT, making about 18% of all silica produced. Through 2032, production is anticipated to increase at a CAGR of about 5.0 percent, reaching 85 KT.
Fused silica's heat resistance and zero thermal expansion are two characteristics that are credited to its long-term mechanical and chemical stability as well as its significant optical attributes. As a result, the chemical, electrical, and electronics industries are using fused silica more frequently. The major user of fused silica was the semiconductor sector. This is mostly caused by fused silica's extreme purity, which enables its use in semiconductor applications.
For More Insights into the Market, Request a Sample of This Report The most lucrative market for producers is predicted to be the application of fus...