According to the latest report by IMARC Group, titled “Sapphire Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” the global sapphire glass market reached a value of US$ 808 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 18.4% during 2021-2026.
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.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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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.
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Global Sapphire Glass Market 2021-2026 Analysis and Segmentation:
Competitive Landscape with Key Players:
- SAINT GOBAIN (SGO.PA)
- KYOCERA CORP (KYOCY)
- Rubicon Technology, Inc. (RBCN)
- Stewart Information Services Co (STC)
- Rayotek Scientific Inc.
- Crystran Ltd.
- CRYSTALWISE TECHNOLOGY INC. (4944.TWO)
- SCHOTT North America Inc.
- Swiss Jewel Company
- GT ADVANCED TECHNOLOGIES INC. (SOLR) IPO
- Precision Sapphire Technologies,Ltd
- Namiki Precision Jewel Co., Ltd.
- DK AZTEC Co., Ltd.
- Tera Xtal Technology Corporation
Market Breakup by Product Type:
- High Grade Transparency Sapphire Glass
- General Transparency Sapphire Glass
Market Breakup by Application:
- Optical and Mechanical Instruments
- Safety Establishments
- Medical Devices
Market Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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