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