SYNTHETIC SAPPHIRE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 to 2031)

Synthetic sapphire is also referred to as Corundum, which has excellent chemical stability and mechanical property. Synthetic sapphire with chemical formula AI2O3 is a trusted material with its excellent chemical stability, light transmission and mechanical property. Moreover, synthetic sapphire is the hardest of all oxide crystals. Moreover, it is also used in the medical industry where it is used to produce hip joint endoprostheses. 

Market Dynamics

Global synthetic sapphire market has witnessed significant growth in the recent past year, owing to the rising demand from Light Emitting Diode (LED) manufacturers and consumer electronics. Based on application, global synthetic sapphire market is segmented into optics, sapphire substrates, displays, and other industrial applications. The major application of synthetic sapphire is optics, owing to the rising adoption of advanced technologies and methods in synthetic sapphire manufacturing. This factor is estimated to foster market growth in the forecast period.

Based on end-user, the global synthetic sapphire market is divided into Light Emitting Diode (LED) manufacturing, semiconductor, medical devices, and consumer electronics. Among these segments, Light Emitting Diode (LED) manufacturing dominated the global synthetic sapphire market in 2021, owing to the growing demand for synthetic sapphire from semiconductor industry. This scenario is expected to boost the market growth of the global synthetic sapphire market in the forecast period.

Furthermore, the Asia Pacific region dominated the global synthetic sapphire market in 2021, owing to the major manufacturers of synthetic sapphire in countries like India and China. As a result, this scenario is estimated to foster growth of the global synthetic sapphire market in the forecast period.

Key features of the study:

• This report provides an in-depth analysis of global synthetic sapphire market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global synthetic sapphire market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Rubicon Technology Inc.,KYOCERA Corporation, Saint-Gobain, SCHOTT AG, Monocrystal ,Rayotek Scientific Inc., CRYSTALWISE TECHNOLOGY INC., ILJIN Display CO., Ltd, Namiki Precision Jewel Co., Ltd., and Juropol Sp. z o.o
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global synthetic sapphire market report caters to various stakeholders in this industry including investors, suppliers, baby daipers service providers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global synthetic sapphire market

Detailed Segmentation:

• Global Synthetic Sapphire Market, By Application:
  • Optical
  • Sapphire Substrates
  • Display
  • Other Industrial
• Global Synthetic Sapphire Market, By End User:
  • Light Emitting Diode (LED) Manufacturing
  • Semiconductor
  • Medical Devices
  • Consumer Electronics
  • Industrial
•  Global Synthetic Sapphire Market, By Region:
  • North America
    • By Country:
      • U.S
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • Rubicon Technology Inc.
    • Company Overview
    • Product Portfolio
    • Key Strategies
    • Recent Developments
    • Future Plans
  • KYOCERA Corporation
  • Saint-Gobain
  • SCHOTT AG
  • Monocrystal
  • Rayotek Scientific Inc.
  • CRYSTALWISE TECHNOLOGY INC.
  • ILJIN Display CO. Ltd
  • Namiki Precision Jewel Co. Ltd.
  • Juropol Sp. z o.o.

“*” marked represents similar segmentation in other categories in the respective section