New Market Research Report: Global Sapphire Glass Market 2015-2019

From: Fast Market Research, Inc.
Published: Tue Sep 01 2015

Fast Market Research announces the availability of Technavio's new report "Global Sapphire Glass Market 2015-2019" on their comprehensive research portal.

Sapphire glass is a synthetic variant of the naturally available sapphire gemstone. Sapphire glass is industrially made from aluminum oxide, wherein the raw material is fused and processed to produce an extremely hard polycrystalline product. The production of synthetic sapphire had unlocked various applications for this novel material, that otherwise was restricted to decorative use as a rare gemstone. Sapphire glass ranks next only to diamond in terms of hardness and is extremely resistant to scratches. This property of the material is increasingly being explored by various organizations across the world. The major commercial uses of sapphire glass are in the manufacture of smartphone displays, watchmaking, and manufacture of medical, mechanical, and optical equipment and as a bulletproof and ballistic material in safety establishments.

Technavio's analysts forecast the global sapphire glass market to grow at a CAGR of 6.21% in terms of revenue during 2014-2019.

Get More Details on this Report and a Full Table of Contents at Global Sapphire Glass Market 2015-2019

Commenting on the report, an analyst from Technavio’s team said: "Increased use of sapphire glass to manufacture high-end smart phones is one of the major trends upcoming in the market. Major glass display vendors are likely to evaluate the material for use in their devices in the future. For instance, SCHOTT launched a sapphire glass range for various applications and is evaluating sapphire for smartphone displays. Corning is also evaluating sapphire for incorporating certain properties in its Gorilla Glass range."

According to the report, there is a rise in production capacities worldwide, especially in China and the US, where small organizations are spearheading the efforts to install new production capacities. Also, large glass vendors such as SCHOTT, Saint-Gobain, and Asahi are increasingly expanding their presence in this business.

Further, the report states that the high cost of production and fabrication and limited supplies in the market restrict the use of materials to certain high-end applications such as smartphone displays. The continuous fall in smartphone prices is hindering the adoption of the material in smartphone manufacturing.

The key players in the Global Sapphire Glass Market are GT Advanced Technologies, Precision Sapphire Technologies, Rayotek Scientific Inc., Rubicon Technology Inc., Saint-Gobain SA and Swiss Jewel while other prominent vendors include Crystran, Daheng Optics, Day Optics, Edmund Optics, Gavish, Meller Optics, SCHOTT and Thor Labs

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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