High Purity Silica Market: Growing Demand from Semiconductor Industry Driving Market Growth
The global High Purity Silica Market is estimated to be valued at US$ 7.50 billion in 2021 and is expected to exhibit a CAGR of 15.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: High purity silica is a specialized form of silica that is characterized by its high level of purity, typically above 99.9%. It is widely used in the semiconductor industry for the production of silicon wafers, which are essential components in electronic devices such as computers, smartphones, and tablets. The advantages of high purity silica include its excellent thermal stability, low coefficient of thermal expansion, and high mechanical strength. The increasing demand for high-performance electronic devices and the growing semiconductor industry are driving the demand for high purity silica. Market Key Trends: One key trend in the high purity silica market is the growing utilization of high purity silica in the production of p...