Global Sapphire Glass Market By Product Type (High Grade Transparency Sapphire Glass and General Transparency Sapphire Glass), Application (Smartphones, Watches, Optical and Mechanical Instruments, Safety Establishments, Medical Devices and Others), Distribution Channel (Online Store, Speciality Stores, Retail Stores and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Sapphire Glass Market
Data Bridge Market Research analyses that the sapphire glass market will witness a CAGR of 5.00% for the forecast period of 2021-2028. Increased need and demand for sapphire glass electronics and semiconductors industries, rising penetration of smartphones and other consumer durable electronics especially in the developing economies and significant increase in sale of luxury watches are the major factors attributable to the growth of the sapphire glass market.
Sapphire glass is highly durable in nature as it is a synthetically manufactured crystal. This means that sapphire glass is more durable than a normal glass and equivalent to the hardness of a diamond. It is also naturally available in the nature and is made up of alpha alumina or alumina oxide. Sapphire glass has high thermal stability and high melting point which makes it perfect for a wide range of applications.
Increasing number of end-use industries for sapphire glass is the root cause fuelling up the sapphire glass market growth rate. Rising application of sapphire glass by the defence sector in the manufacture of armoured vehicle, bullet proof glass and others will further create lucrative growth opportunities for the sapphire glass market. Rising industrialization and rapid urbanization will further induce growth in the demand for sapphire glass. Rising application of sapphire glass in the medical devices will further create remunerative growth opportunities for the sapphire glass market.
However, availability of cheaper substitutes will pose a major challenge to the growth rate of sapphire glass market. High cost of fabrication coupled with slow rate of production will further restrict the scope of growth for the sapphire glass market. Also, the energy-intensive production process of sapphire glass will further derail the market growth rate. Rising competition in the gorilla glass market will further hamper the sapphire glass market growth rate.
This sapphire glass market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on sapphire glass market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sapphire Glass Market Scope and Market Size
The sapphire glass market is segmented on the basis of product type, application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the sapphire glass market is segmented into high grade transparency sapphire glass and general transparency sapphire glass.
- On the basis of application, the sapphire glass market is segmented into smartphones, watches, optical and mechanical instruments, safety establishments, medical devices and others.
- On the basis of distribution channel, the sapphire glass market is segmented into online store, speciality stores, retail stores and others.
Global Sapphire Glass Market Country Level Analysis
The sapphire glass market is analysed and market size, volume information is provided by country, product type, application and distribution channel as referenced above.
The countries covered in the sapphire glass market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the sapphire glass market and will continue to flourish its trend of dominance during the forecast period as well. The dominance is owing to increased application of sapphire glass by various end user verticals. Presence of major manufacturers in this region is also fostering the market growth rate. However, Asia-Pacific on the other hand, is projected to score the highest compound annual growth rate (CAGR) for the forecast period. India and China will emerge as the major contributors from this region as the two regions are rapidly undergoing economic changes. The growth of this region is owed to various factors such as rising urbanization, industrialization and growth and expansion of semiconductors industry.
The country section of the sapphire glass market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sapphire Glass Market Share Analysis
The sapphire glass market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sapphire glass market.
The major players covered in the sapphire glass market report are Crystalwise Technolgy Inc., Kyocera corporation, Adamant Namiki Precision Jewel Co., Ltd, Precision Sapphire Technologies Ltd, Rubicon Technology, Inc., Monocrystal, Saint-Gobain, SCHOTT AG, Tera Xtal Techonlogy Corporation, Rayotek Scientific Inc., Crystran Ltd, Swiss Jewel Company, GTAT Corporation, Surmet Corporation, Morgan Advanced Materials, II-VI Incorporated, CoorsTek Inc, Hansol Technics, Sense-tech Innovation Company and DK AZTEC CO. LTD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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