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According to the latest report by IMARC Group, titled “Sapphire Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global sapphire glass market reached a value of US$ 903.3 Million in 2021. Sapphire glass is a transparent and durable material made up of aluminum oxide, alumina or alpha alumina, which is conditioned at high temperature and pressure. It is one of the hardest substances, after diamond, and has high durability, brilliance and resistance against abrasions and chemicals. As a result, sapphire substrates are used for manufacturing blue and white LEDs and window materials for products ranging from watches and smartphones to viewports in supercritical environments.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Sapphire Glass Market Trends:
Sapphire glass offers good thermal conductivity, high tensile- and mechanical- strength and enhanced optical transparency to a wide wavelength range. Owing to these characteristics, sapphire glass is suitable for ballistic and defense applications. It is also utilized in the manufacturing of missile domes, bulletproof glass, electro-optic & FLIR windows, transparent armor, infrared windows, countermeasure systems and targeting system components. Other than this, it is employed in laser hair removal systems, endoscope lenses and surgical blades. As these devices are widely used in the medical and healthcare industry, it is having a positive impact on the market growth. Also, the booming electronics industry is witnessing a rise in the utilization of sapphire glass in the manufacturing of LED screens for televisions, mobile phones, laptops and computer sets. Furthermore, market players are focusing on research and development (R&D) for creating polished sapphire substrates to increase LED brightness, narrow wavelength distribution and energy-efficient production process. Looking forward, the market is projected to expand at a CAGR of 18.52% during 2022-2027.
Market Summary:
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