Sapphire Glass Market Demand, Trends, Outlook, Forecast 2023-2028
The global sapphire glass market size reached US$ 1,076 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,817 Million by 2028, exhibiting a growth rate (CAGR) of 17.6% during 2023-2028.
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Sapphire glass, a synthetic crystal made from aluminum oxide, is renowned for its exceptional hardness, second only to diamond in terms of mineral toughness. This material is virtually scratch-resistant and boasts a high degree of transparency across the visible and ultraviolet to mid-infrared light spectrums. It is utilized in a variety of applications, including watch faces, smartphone screens, and military vehicle windows, due to its remarkable durability and optical clarity. Its types vary based on the manufacturing process, with the most common being the Kyropoulos method, which produces large boules of sapphire. The advantages of sapphire glass include its resistance to physical and thermal shock, making it an ideal choice for high-durability applications.
Market Trends:
The global market is majorly driven by the increasing demand for durable and high-quality display materials in consumer electronics and the adoption of sapphire glass in LED manufacturing and semiconductor devices. Additionally, the rise in smartphone production and the trend toward more durable and scratch-resistant screens are contributing to the expansion of the market. Along with this, advancements in manufacturing technologies have made sapphire glass more accessible and cost-effective for a broader range of applications, including medical devices and aerospace components. The market is also benefiting from the growing use of sapphire glass in luxury watches and high-end electronics, where premium materials are in high demand. Furthermore, the development of new fabrication methods that reduce production costs and improve yield rates is driving the market. Some of the other factors driving the market include continuous innovations and increasing application diversity.
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- 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
- GTAT Corporation
- Precision Sapphire Technologies, Ltd
- Sense-tech Innovation Company
- Namiki Precision Jewel Co., Ltd.
- DK AZTEC Co., Ltd.
- Tera Xtal Technology Corporation.
Key Market Segmentation:
Our report has categorized the market based on region, product type and application.
Product Type Insights:
- High Grade Transparency Sapphire Glass
- General Transparency Sapphire Glass
Application Insights:
- Smartphones
- Watches
- Optical and Mechanical Instruments
- Safety Establishments
- Medical Devices
- Others
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
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.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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