Report Code: A08219 | Pages: NA | Mar 2023 | 968 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Sapphire Glass Market
Request Now !Sapphire glass is an application of synthetic sapphire produced by subjecting aluminum oxide powder under extreme heat and pressure. The resulting output is a transparent material that is more durable than standard glass. Sapphire glass is next to diamond in terms of hardness, and is scratch resistant. The commercial use of sapphire glass is majorly in the making of watch & smartphone displays; production of mechanical, medical, and optical equipment; and ballistic material in safety establishments and as a bulletproof glass.
Sapphire glass is widely used in semiconductors, LED manufacturing, industrial applications, and consumer electronics.
Sapphire glass is used in manufacturing of watch, smartphone displays, and in production of mechanical as well as medical equipment. Owing to the outbreak of COVID-19, the demand for medical equipment has increased, which has directly increased the demand for sapphire glass. However, simultaneously, the demand for smartphones and watches has declined in response to the nationwide lockdown, thereby resulting nonoperation of almost all electronics markets. This has declined the demand for sapphire to some extent.
Use of sapphire in a wide range of applications such as medical, safety equipment, aerospace, and defense is increasing its popularity. Therefore, increase in popularity of the sapphire glass is the key factor expected to drive the growth of this market. Sapphire glass is used for various purposes in the defense industry from electro-optical windows to countermeasure systems. Strong presence of established defense industry in North America region where government is spending significantly for such products fuels the growth of North America sapphire glass market.Â
In addition, increase in popularity of sapphire glass in electronics products is key factor contributing toward the growth of this market. Upsurge in penetration of smartphones and high-end consumer electronics devices is further propelling the usage of sapphire glass across the globe. However, high cost of production has emerged as the key growth barrier of this market, and is expected to challenge the market growth during the forecast period. Â
Furthermore, sapphire glass is a hard material, which makes its recycling is a major challenge for market players. Moreover, requirement for high capital and technical knowledge for product development would be another factor restricting the growth of this market in the coming years.
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Questions answered in the global sapphire glass market research report:
Sapphire Glass Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Swiss Jewel Company, GT Advanced Technologies, Precision Sapphire Technologies, Ltd., STC, Namiki Precision Jewel Co. Ltd., DK AZTEC Co., Ltd., Tera Xtal Technology Corporation, KYOCERA Corporation, Rayotek Scientific Inc., Rubicon Technology Inc., Saint-Gobain, Crystran Ltd., Crystalwise Technology Inc., Crystaland Co. Ltd. |
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