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:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
Table of Contents
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