The sapphire glass market size has the potential to grow by USD 246.32 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by application (LED manufacturing, consumer electronics, semiconductors, and medical devices and industrial application) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Adamant Namiki Precision Jewel Co. Ltd., Compagnie de Saint-Gobain SA, Coorstek Corp., Crystran Ltd., GT Advanced Technologies Inc., Hansol Technics Co. Ltd., II-VI Inc., KYOCERA Corp., Monocrystal, Precision Sapphire Technologies Ltd., Rubicon Technology Inc., and SCHOTT AG.
What will be the Sapphire Glass Market Size in 2020?
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Who are the Major Sapphire Glass Vendors?
The sapphire glass market is fragmented. The market has the presence of numerous domestic and international vendors with a huge customer base. Adamant Namiki Precision Jewel Co. Ltd., Compagnie de Saint-Gobain SA, and Coorstek Corp. are some of the major market participants. Although the increased demand from LED and semiconductor industries will offer immense growth opportunities, the intense competition from corning gorilla glass will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this sapphire glass market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this sapphire glass market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- Adamant Namiki Precision Jewel Co. Ltd.
- Compagnie de Saint-Gobain SA
- Coorstek Corp.
- Crystran Ltd.
- GT Advanced Technologies Inc.
- Hansol Technics Co. Ltd.
- II-VI Inc.
- KYOCERA Corp.
- Monocrystal
- Precision Sapphire Technologies Ltd.
- Rubicon Technology Inc.
- SCHOTT AG
Which are the Key Markets for Sapphire Glass?
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APAC was the largest sapphire glass market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Expansion in production capacities by LED manufacturers, increasing foreign direct investments, human resources, technology, and high ROI will significantly drive sapphire glass market growth in this region over the forecast period.
Over 52% of the market’s growth will originate from APAC during the forecast period. China and South Korea (Republic of Korea) are the critical markets for sapphire glass in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.
What are the Major Application Segments in the Sapphire Glass Market?
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Sapphire glass is ideal for use in LED and non-LED applications due to its high-temperature resistance, high strength, good electrical insulation, and low dielectric loss. The use of sapphire glass in LED lighting helps to prevent stray current caused by radiation from spreading to nearby circuit elements. The crystalline structure of sapphire glass also allows LED lights to have a wider beam angle. These factors are expected to boost the demand for sapphire glass for LED manufacturing applications.
However, market growth in this segment will be slower than the growth of the market in the consumer electronics segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the sapphire glass market size.
How will LED and Semiconductor Industries Influence Sapphire Glass Market Growth?
The increasing demand for sapphire glass from LED and semiconductor industries will drive sapphire glass market growth during the predicted period. The LED and semiconductor industries are the major end-users of sapphire material. Due to their benefits such as high quality, greater brightness, long life, and low energy consumption, sapphire substrates are highly applicable in manufacturing blue LED crystals and in manufacturing sapphire crystal watches. Additionally, the increasing number of regional government policies and regulations that demand the replacement of incandescent and compact fluorescent lamp (CFL) lighting with LED lighting will also increase the demand for sapphire glass.
The increasing use of sapphire glass in high-end smartphones, one of the significant sapphire glass market trends, will also influence the market growth during the forecast period. Due to the scratch resistance property of sapphire glass, several high-end smartphone manufacturers are increasingly using sapphire glass in camera cover lenses, touch sensors of smartphones, and in making scratchproof watches. This, in turn, will fuel the adoption of sapphire glass in the electronics sector. Such factors will drive sapphire glass market growth at a CAGR of almost 4% during the forecast period.
What are the Key Factors Covered in this Sapphire Glass Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive sapphire glass market growth during the next five years
- Precise estimation of the sapphire glass market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the sapphire glass industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sapphire glass market vendors
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