Global Sapphire Glass Market Overview:
The sapphire glass is the synthetic form of sapphire gemstone available naturally. In industries, the sapphire glass is made of alumina or aluminum oxide or alpha alumina, with a purity of around 99.99%, where the raw material is melted and transformed into hard polyglassline product. It is chemically inert, thermally stable and lasts up to 2912 ° F with a melting temperature of 3,722 ° F. The sapphire glass is next to the diamond in terms of hardness and is extremely resistant to scratches. The commercial use of sapphire glass refers mainly to the manufacture of watchmaking, display cases for smart phones and the manufacture of mechanical, medical and optical equipment and ballistic equipment in security and bulletproof facilities. Sapphire glass is widely used in semiconductors, LED manufacturing, industrial applications, consumer electronics, etc.
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Global Sapphire Glass Market Drivers and Restraints:
Due to the wide scope of sapphire glass in the aerospace, medical equipment, security and defense sectors, the sapphire glass market is expected to expand over the planned period. In the defense and aerospace sectors, sapphire glass is widely used for security purposes. Many companies manufacture infrared and electro-optical window products, transparent shielding solutions, vision systems and countermeasure systems. Therefore, it is expected that consumption of sapphire glass in the above applications will feed the sapphire glass market. Due to its high resistance to heat, laser transmission and non-thrombogenic properties, sapphire glass is widely used in medical surgery systems. Although the use of sapphire glass is much lower than the applications mentioned above, the income generated is significant due to the associated high cost. Corning’s Gorilla Glass is expected to provide intense competition, which will hinder the growth of the sapphire glass market. The high manufacturing cost associated with low production and the steady decline in the prices of mobile phones could hamper the growth of the sapphire glass market.
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Global Sapphire Glass Market Demand Analysis:
In the Asia-Pacific region, particularly in India and China, the demand for branded watches has increased significantly due to the increase in disposable income and the high standard of living. Sapphire glass is used in ordinary glass because it can withstand bumps and scratches. The consumption of sapphire glass is expected to increase as the demand for these branded watches increases, driving the sapphire glass market growth. Sapphire glass is widely used in the manufacture of semiconductors and as a substrate in LEDs. For blue LED glasses, sapphire glass is the main component. High quality, long service life, superior brightness and lower energy consumption are some of the main advantages of using sapphire glass in LEDs. In China and Japan, the semiconductor and electronics industry is expected to grow and, as a result, the consumption of sapphire glass will increase, which will further increase the growth of the sapphire glass market. It is anticipated that sapphire glass production will increase during the forecast period in the United States and China, and many small companies will create their plants and increase their production capacity, thus contributing to the growth of the market. The Middle East market is expected to show slow growth in the coming years.
Key Players in Global Sapphire Glass Market:
KYOCERA Corporation, Rayotek Scientific Inc., Rubicon Technology Inc., Saint-Gobain, Crystran Ltd., Crystalwise Technology Inc., Monocrystal, SCHOTT North America Inc., Swiss Jewel Company, GT Advanced Technologies, Precision Sapphire Technologies,Ltd, STC, Namiki Precision Jewel Co., Ltd., DK AZTEC Co., Ltd., Tera Xtal Technology Corporation, and Crystaland Co., Ltd are the major players of the market.
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