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According to the latest report by IMARC Group titled,
“Sapphire Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global sapphire glass market reached a value of US$ 808 Million in 2020. Sapphire glass is a form of crystal that is synthetically produced by applying excessive heat and pressure to aluminum oxide. It is a synthetic form of the naturally available sapphire gemstone and is manufactured in cylindrical sticks called boules. It is one of the hardest substances and is highly resistant to heat, chemical and scratches. Owing to these benefits, it finds extensive applicability in the production of smartphone displays, watches, ballistic materials and various medical, optical, electrical and mechanical equipment.
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The publisher brings years of research experience to the 8th edition of this report. The 187-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Synthetic Sapphire Market to Reach $9.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Synthetic Sapphire estimated at US$6 Billion in the year 2020, is projected to reach a revised size of US$9.7 Billion by 2027, growing at a CAGR of 7% over the analysis period 2020-2027.
Optics, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$3.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sapphire Substrates segment is readjusted to a revised 7.3% CAGR for the next
Global Synthetic Sapphire Industry (2020 to 2027) – Market Trends and Drivers – ResearchAndMarkets.com financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.
Forecasts in US$ Million by Region/Country: 2020-2027
Table 2: Synthetic Sapphire Global Retrospective Market
Scenario in US$ Million by Region/Country: 2012-2019
Table 3: Synthetic Sapphire Market Share Shift across Key
Geographies Worldwide: 2012 VS 2020 VS 2027
Table 4: Optics (Application) Global Opportunity Assessment in
US$ Million by Region/Country: 2020-2027
Table 5: Optics (Application) Historic Sales Analysis in US$
Million by Region/Country: 2012-2019
Table 6: Optics (Application) Percentage Share Breakdown of
Global Sales by Region/Country: 2012 VS 2020 VS 2027
Table 7: Sapphire Substrates (Application) Worldwide Sales in
US$ Million by Region/Country: 2020-2027
Table 8: Sapphire Substrates (Application) Historic Demand
Patterns in US$ Million by Region/Country: 2012-2019