Synthetic Sapphire Market Improvement, Orientation, Forecast From 2021-2027

Synthetic sapphire are gemstones which are created from a method known as flame fusion and are gaining huge demand as an industrial materials due to their chemical, mechanical, optical, structural, and thermal & dielectric properties. They are widely used in the production of the window due to its exceptional properties of scratch-resistance and high transparency to the wavelength of light. Moreover, it is also used as a substrate for the semiconductor circuits. Furthermore, synthetic sapphire is also used in the manufacturing of Ultra Violet (UV) and Infra-red (IR) optics, electrical insulators, watch crystals, thin film deposition, watch glasses, and transparent electronic substrates.

The 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.

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The 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 bifurcated in 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 timeframe.

Market Taxonomy:

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

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Key companies covered as a part of this study includes Rubicon Technology Inc., KYOCERA Corporation, Saint-Gobain S.A., SCHOTT AG, Monocrystal, Inc., Rayotek Scientific Inc., CRYSTALWISE TECHNOLOGY INC., ILJIN Display CO., Ltd, Namiki Precision Jewel Co., Ltd., Juropol Sp. z o.o.

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