openPR Logo
Press release

Global Synthetic Sapphire Market is Expected to Witness Significant Growth of US$ 9,255.7 Million by 2024

Synthetic Sapphire Market

Synthetic Sapphire Market

The revenue generated from global sales of synthetic sapphire has been estimated to be valued at US$ 4,864.3 Mn by 2016 end and is expected to increase at a CAGR of 8.4% during the forecast period of 2016–2024. By 2024, the global synthetic sapphire market is projected to be valued at US$ 9,255.7 Mn.

Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12217

Synthetic Sapphire is aluminum oxide and is also known as Corundum or α- alumina. It is chemically inert, hard, thermally stable till 1600 ο C and has a melting temperature of 2050 ο C. Manufactured from high purity alumina (>99.99% purity) by one of the five methods namely Verneuil, Czochralski (CZ), Heat Exchanger Method (HEM), Edge-Defined Film-Fed Growth (EFG) and Kyropoulos, where EFG and Kyropoulos methods are most popular and are mostly modified in-house to increase the yield. Synthetic sapphire on hardness scale (Mohs) stands on 9 which is the next hardest material after diamond and possesses excellent physical and chemical properties. The wear and scratch resistance of synthetic sapphire is considered to be unique. The sapphire crystal boule undergoes series of processing steps such as drilling, slicing, grinding, polishing and cleaning to get the final synthetic sapphire in required form.

Market dynamics

Demand of sapphire products is expected to grow beyond LED as its primary application since sapphire growers are researching new applications which are under developing phase. This is because sapphire being an anisotropic material, which makes its mechanical and thermal properties to depend on the direction of crystal growth and its subsequent processing. Thus, the exceptional mix of properties makes sapphire an ideal material for LED manufacturing and as a semiconductor. Also, when compared to other optical materials, sapphire has superior level of radiation stability and thus a demand from various industrial sectors is strong. Attributes such as government policies and regulations for preferring LED lighting over incandescent and CFL, and a high demand from semiconductor industries are the factors responsible for growing demand of synthetic sapphires globally.

Market forecast

Display application segment is anticipated to register the fastest growth due to growing market for smart watches, premium watches, smart phone covers, and camera lenses. The sapphire substrates in LED is a matured market, wherein substrates of 6’’ and more diameter are at a growth phase. Moreover, favourable taxation policies of governments across the world are also anticipated to support the growth of overall synthetic sapphire demand during the forecast period. The display segment is slated to register a CAGR of around 10.5% in terms of value over the forecast period.

Asia Pacific accounted for the largest value share of the global synthetic sapphire market in 2016, and is anticipated to increase at a CAGR of 8.6% over the forecast period in value terms. Sales of synthetic sapphires in China is projected to increase by 1.8X between 2016 and 2024. In terms of value and volume, Asia Pacific is anticipated to register highest growth followed by Europe over the forecast period.

Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/synthetic-sapphire-market/toc

Competitive landscape

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. are some of the leading players in the global synthetic sapphire market.

To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/12217

Synthetic sapphire manufacturers and fabricators are working closely in fulfilling the end use demand, especially sapphire for LED substrates is a key growth area. The processing plants are mostly setup in Asia Pacific region with players in the market continuously improving the sapphire growth methods in order to improve the sapphire yield.

About Us

Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients business needs.

PMR stands committed to bringing more accuracy and speed to clients business decisions. From ready-to-purchase market research reports to customized research solutions, PMRs engagement models are highly flexible without compromising on its deep-seated research values.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Synthetic Sapphire Market is Expected to Witness Significant Growth of US$ 9,255.7 Million by 2024 here

News-ID: 551174 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Synthetic

Synthetic Diamond Market Report 2024 - Synthetic Diamond Market Trends, Drivers …
"The Business Research Company recently released a comprehensive report on the Global Synthetic Diamond Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample
Synthetic Biology Market - Engineering life's possibilities: Synthetic biology s …
Newark, New Castle, USA: The "Synthetic Biology Market" provides a value chain analysis of revenue for the anticipated period from 2022 to 2030. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors Synthetic Biology Market: https://www.growthplusreports.com/report/synthetic-biology-market/7970 This latest report researches the industry structure, sales, revenue,
Global Synthetic Dye and Pigment Market, Global Synthetic Dye and Pigment Indust …
The synthetic dyes and pigments market entails of the sales of synthetic dyes and pigments by several entities (organizations, sole traders or partnerships) that manufacture synthetic organic and inorganic dyes and pigments, such as lakes and toners (excluding electrostatic and photographic). Pigments that are gained from natural minerals as well as synthetic pigments are comprised in this market. Artificial food-coloring is also comprised in this market. Synthetic dyes and pigments
Synthetic Camphor Market
Research Dive has added a new report on the global synthetic camphor market to its repository. According to the report, the global synthetic camphor market is anticipated to hit $448.1 million by rising at a CAGR of 5.9% from 2019 to 2027. This report highlights various the important factors of the market such as key market segments, market dynamics & statistics, boomers, restraints, market players, and investment opportunities. It is
Synthetic Spider Silk Market
Market Overview: Synthetic spider silk is an alternative to the conventional spider silk replicating the latter’s features such as energy-absorbent nature, elasticity and strength. Water content in synthetic spider silk amounts up to 98%. Synthetic spider silk is made from hydrogel, which comprises of 98% of water and 2% of silica and cellulose. Synthetic spider silk is weaker compared to its natural counterpart, however, they are far stronger compared to other
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications