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Global Sapphire Glass Market to Grow at 18.52% During 2022-2027, Driven by Demand from Consumer Electronics Industry

Published on Oct 11, 2019

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:

  • Based on the product type, the market has been segmented as high grade and general transparency sapphire glass.
  • The market has been categorized on the basis of the application into smartphones, watches, optical and mechanical instruments, safety establishments, medical devices, and others.
  • Region-wise, the market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market is characterized by the presence of numerous key players operative in the industry. Some of the leading sapphire glass market competitors include Kyocera Corporation, Rayotek Scientific Inc., Rubicon Technology Inc., Saint-Gobain Group, Crystran Ltd., Crystalwise Technology Inc., Monocrystal PLC, SCHOTT North America Inc. (SCHOTT AG), Swiss Jewel Company SA, GTAT Corporation, Precision Sapphire Technologies Ltd., Sense-tech Innovation Company (STC), Namiki Precision Jewel Co., Ltd., DK AZTEC Co., Ltd. and Tera Xtal Technology Corporation.

 

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