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Sapphire Ingot Market

The research report on Sapphire Ingot Market is segmented by Grade, by Application and by Region - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025
Sapphire Ingot Market - Size, Share, Outlook, and
Opportunity Analysis, 2018 – 2025
Sapphire ingot is used as raw material for further fabrication. It is a base material for
growing epitaxial layers and etching blue and white LED chips. Manufactures of
sapphire ingot offer optical grade sapphire ingot that including UV grade and IR
grade. Standard sizes and orientations along with orientation offsets and orientation
flats of the sapphire ingot are available in the market.
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Market Dynamics
Increasing demand for sapphire ingot from smart watches and mobile covers are
major factors driving growth of the global sapphire ingot market. Sapphire ingot is
manufactured in bulk quantities with commercially acceptable purity levels.
Therefore, it is preferred in the luxury watches industry for producing high strength
and hardness of watch windows.
However, high manufacturing cost of sapphire ingot is major factor restraining the
growth of the global sapphire ingot market.
Market Outlook
Among application, smart phones segment held a significant share in the global
sapphire ingot market in 2017, owing to the high demand for sapphire ingot in front
cover of smartphones. Further, rising number of smart phone users around the world
is anticipated to fuel this segment growth, during the forecast period. For instance,
according to the Australian Communications and Media Authority, in May 2012,
number of smartphone owners in Australia was 8.67 million, an increase by 104%
from the previous year.
Asia Pacific is expected to be the fastest growing region in the global sapphire ingot
market over the forecast period. This is owing to increasing demand for LED screens
in emerging economies such as China and India for application in various electronic
products. For instance, according to India Brand Equity Foundation (IBEF), in India,
The production of LED/ LCD TVs screen was valued at US$ 2.54 billion in 2015 and
increased by US$ 3.3 billion in 2016. In the LED production process, sapphire is
used as the substrate onto which the chemicals that become the emitting layer of the
LED are deposited as a vapor. Furthermore, smartphones and tablet PCs
manufacturers in the region are focused on developing products in thin sizes, which
has led to increasing demand for thinner and more flexible displays. Therefore, key
players are focused on introducing innovative technologies to cater to such demand.
For instance, in 2016, Nitto Denko Company introduced Ultra-Thin Polarizers, which
are thinner and more resistance to shrinkage and are applicable in LED, LCD, and
organic electro luminance (EL) display devices.
Key Players
Key players operating in the global sapphire ingot market include, Rubicon, Crystal
Systems, GTAT, Monocrystal PLC., Saint-Gobain Crystals, Crystal Q, Exiton, Aurora
Optoelectronics, Trinity, Silian, Kyocera, and Namiki.
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