Sapphire glass is a synthetically produced crystal manufactured by heating and pressing aluminum oxide powder into cylindrical sticks. It offers high mechanical strength, excellent durability, enhanced thermal conductivity etc. Owing to these properties, sapphire glass is widely used in manufacturing smartphone screens, wristwatches, bullet-proof glass, windows of armored vehicles, visors or screens in military body armor suits, etc., across countries.
The latest research study “Sapphire Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global sapphire glass market size reached a value of US$ 903.3 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2471.4 Million by 2027, exhibiting at a CAGR of 18.52% during 2022-2027.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
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:
The growing product utilization in consumer electronic devices, on account of its high tensile strength and optical transparency, is primarily driving the sapphire glass market. Moreover, the expanding defense and military sector across the globe is propelling the demand for sapphire glass in the manufacturing of bullet-proof glass, electro-optic and FLIR windows, missile domes, infrared windows, transparent armor, countermeasure systems, etc. This, in turn, is acting as another significant growth-inducing factor. In addition to this, the rising adoption of sapphire glass to produce endoscope lenses and laser hair removal systems in the healthcare industry is also positively influencing the global market. Apart from this, the rising investments in research and development (R&D) activities aimed at developing polished sapphire substrates are anticipated to fuel the sapphire glass market over the forecasted period.
Global Sapphire Glass Market 2022-2027 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)
- Monocrystal
- 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
Our report has categorized the market based on product type and application.
Market Breakup Product Type:
- High-Grade Transparency Sapphire Glass
- General Transparency Sapphire Glass
Market Breakup Application:
- Smartphones
- Watches
- Optical and Mechanical Instruments
- Safety Establishments
- Medical Devices
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: 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.
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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