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Sapphire Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Sapphire Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • March 2022
  • 107 pages
  • ID: 5808080
  • Format: PDF
  • IMARC Group


Table of Contents

The global sapphire glass market reached a value of US$ 903.3 Million in 2021. Looking forward, the analyst expects the market to reach US$ 2471.4 Million by 2027, exhibiting at a CAGR of 18.52% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Sapphire glass is a synthetically manufactured crystal that exhibits similar hardness as diamond, which makes it highly durable. Typically produced in cylindrical sticks, called boules, the production of sapphire glass is an expensive, energy-intensive and slow process. It features high resistance to thermal shock with a melting point of 2030 degrees Celsius, coupled with a compressive strength of 2000 mega Pascals, which makes it stronger than stainless steel. The durable properties of sapphire glass make it ideal for use in the manufacturing of consumer electronic devices that utilize digital output displays, such as tablets, smartphones and laptops. Other than this, sapphire glass is also used in the production of products such as watches, bullet-proof glass, windows of armored vehicles, and visors or screens in military body armor suits.

In recent years, there has been a significant rise in the usage of sapphire glass in various sectors, including defense, military, safety equipment and medical devices. In the defense and aerospace industries, sapphire glass is widely utilized in commercial aircraft, such as Gulfstream, and military platforms, such as the F-35 Joint Strike Fighter. Besides this, manufacturers across the globe are increasingly using this material in the production of transparent armor systems, countermeasure systems, electro-optical windows, and vision systems. The escalating demand for sapphire glass can also be attributed to the increasing production of medical surgical systems, where it is used in optical medical analysis devices. Moreover, sapphire glass is widely required in volatile industrial environments, such as in the petrochemical industry, that experience harsh conditions, and high temperatures and pressure. This requirement has prompted industry players to manufacture more versatile products, such as sapphire glass windows that can be installed in flame detectors and analyzers for hazardous materials and combustible gas leaks.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global sapphire glass market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and application.

Breakup by Product Type:
High Grade Transparency Sapphire Glass
General Transparency Sapphire Glass

General transparency sapphire glass is the most popular product in the market.

Breakup by Application:
Optical and Mechanical Instruments
Safety Establishments
Medical Devices

At present, smartphones represent the largest application segment.

Regional Insights:
North America
Asia Pacific
Middle East and Africa
Latin America

On the geographical front, Asia Pacific represents the biggest market, accounting for the majority of the market share.

Competitive Landscape:
The report has also analyzed the competitive landscape of the market, with some of the key players being 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., and Tera Xtal Technology Corporation.

Key Questions Answered in This Report:

How has the global sapphire glass market performed so far and how will it perform in the coming years?
What are the key regional markets in the industry?
What has been the impact of COVID-19 on the global sapphire glass industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global sapphire glass industry and who are the key players?
What is the degree of competition in the industry?

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