Sapphire Glass Market Set to Grow at over 6% CAGR until 2024 - IMARC Group

Global Sapphire Glass Market Research Report and Forecast 2024

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Global Sapphire Glass Market Overview: According to the latest report by IMARC Group, titled “ Sapphire Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-202 4 �, the global sapphire glass market size is witnessing moderate growth. 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.

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.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

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 6% during 20192024.

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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.

Key Market Segmentation: Market Segmentation by Product Type • •

High Grade Transparency Sapphire Glass General Transparency Sapphire Glass

Based on the product type, the market has been segmented as high grade and general transparency sapphire glass.

Market Segmentation by Application •

Smartphones

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Watches Optical and Mechanical Instruments Safety Establishments Medical Devices Others

The market has been categorized on the basis of the application into smartphones, watches, optical and mechanical instruments, safety establishments, medical devices, and others.

For more information, click here: https://www.imarcgroup.com/sapphire-glass-market Market Segmentation by Region • • • • •

North America Europe Asia Pacific Middle East and Africa Latin America

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Region-wise, the market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • • • •

KYOCERA Corporation Rayotek Scientific Inc. Rubicon Technology Inc. Saint-Gobain Crystran Ltd. Crystalwise Technology Inc. Monocrystal SCHOTT North America Inc. Swiss Jewel Company GT Advanced Technologies Precision Sapphire Technologies,Ltd STC

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Namiki Precision Jewel Co., Ltd. DK AZTEC Co., Ltd. Tera Xtal Technology Corporation

Browse Related Report Glass Market Report: https://www.imarcgroup.com/prefeasibility-report-glass-manufacturing-plant Cement Market Report: https://www.imarcgroup.com/cement-manufacturing-plant

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