Sapphire Glass Market size is poised to grow with a lucrative CAGR from 2023 to 2032, driven by the myriad benefits associated with sapphire glass, such as high strength, durability, and scratch resistance. These benefits make the glass ideal for consumer electronics products that feature digital output displays, including smartphones and tablets. Meanwhile, the rising adoption of sapphire crystal glass as a material of choice in high-quality watches to safeguard their dials is also proliferating industry growth.
Sapphire glass refers to an application of synthetic sapphire, which has the same physical properties as that of natural sapphire. This substance is generally produced by subjecting aluminum oxide powder under extreme pressure and heat. This process removes internal stresses and results in a transparent material that has higher durability than standard glass.
Escalating use of sapphire in manufacturing LEDs and mobile devices, given their ability to withstand high-temperature processes, are the prominent trends bolstering the sapphire glass market outlook.
In addition, the deployment of sapphire in semiconductor manufacturing, due to its high resistance to temperature and industrial-strength acids, will also contribute to the rising popularity of the material.
Based on application, the aerospace & aviation segment is set to hold a considerable market share by 2032. This can be credited to the capability of technical ceramics such as sapphire to significantly enhance the performance of components that are subjected to extreme conditions, especially in aerospace and defense applications. The development of optical sapphire windows for aerospace sensor systems, due to their ability to maintain integrity in demanding physical environments, will impel industry growth from this segment.
Europe sapphire glass market is set to emerge as a lucrative revenue pocket for the sapphire glass industry through the business demand. The regional segment scenario is driven by the increasing adoption of the LED technology and robust sales of consumer electronics in European countries.
These factors are anticipated to amplify the regional market share, as sapphire substrates are widely used in LED applications like wafers owing to high strength, low dielectric loss, and high-temperature resistance.
Key players operating in the global sapphire glass market include II-VI Optical Systems, Morgan Advanced Materials, Hansol Technics Co. Ltd., Coorstek Corporation, Kyocera Corporation, Surmet Corporation, Crystalwise Technology Inc., Precision Sapphire Technologies, Ltd., Saint-Gobain, and Schott AG (Carl-Zeiss-Stiftung), among others. These firms are focusing on strategies such as new product launches and business expansions to boost their presence in the global market.
The American electric component manufacturer, to accelerate the growth of its electronic component business across the globe.
The Russia-Ukraine war asserted a negative impact on sapphire glass industry as it led to soaring energy costs. Both nations are major producers of glass and the war resulted in geopolitical tensions that hampered trade. Moreover, Russia is a major supplier of gas to European nations, which rely on those energy imports to maintain their glass manufacturing furnaces at the ideal temperatures. However, consolidated efforts by world governments in tackling energy crisis and ending the conflict are expected to bring the industry back to normalcy.