Synthetic Sapphire Market
                     Synthetic Sapphire Market Size, Share, Outlook, and Opportunity Analysis, 2020 - 
2027
Synthetic sapphire are gemstones which are created from a method known as flame 
fusion and are gaining huge demand as an industrial materials due to their 
chemical, mechanical, optical, structural, and thermal & dielectric properties. 
They are widely used in the production of the window due to its exceptional 
properties of scratch-resistance and high transparency to the wavelength of light. 
Moreover, it is also used as a substrate for the semiconductor circuits. 
Furthermore, synthetic sapphire is also used in the manufacturing of Ultra Violet 
(UV) and Infra-red (IR) optics, electrical insulators, watch crystals, thin film 
deposition, watch glasses, and transparent electronic substrates.
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The global synthetic sapphire market is projected to reach around US$ 11.8 billion 
by the end of 2027, in terms of revenue, growing at CAGR of 8.3% during the 
forecast period (2019-2027).
Rising adoption of Light Emitting Diode (LED) lightning over incandescent and CFLs 
due to their energy efficiency and longer life span is expected to foster the 
market growth of synthetic sapphire. Sapphire substrates are widely used in the 
production of LEDs and rising awareness regarding the benefits of LEDs and 
increasing implementation of strict rules and regulations are exepcted to propel 
the market growth of synthetic sapphire over the forecast timeframe.
Growing demand for sapphire from the semiconductor industry is expected to foster 
the market growth of synthetic sapphire. According to the Coherent Market Insights,
sapphire substrate accounts for approximately 95% of substrate material used for 
manufacturing LED. Sapphire is widely used in the production of chips and Fab 
materials. Moreover, the high demand for pattern sapphire substrate (larger 
diameter- 4’’, 6’’, 8’’) is another major factor projected to augment the growth of
the global synthetic sapphire. 
On basis of the region, Asia Pacific dominated the global synthetic sapphire market
in 2018, accounting for 50.3% share in terms of volume, followed by Europe and 
North America, respectively.The market of synthetic sapphire is characterized by 
the presence of a large number of players and also the entry of new players which 
lowers the price of sapphire and this factor is expected to hinder the market 
growth over the forecast. According to the Coherent Market Insights, the price of a
two-inch equivalent (TIE) sapphire wafer price dropped from US$ 25 billion in 2015 
to US$ 1.25 billion in 2016. Moreover, in 2014–2015, some of the major players in 
the market exited the market due to intense price pressure.
With the advent of technology, the value of synthetic sapphire will only go down 
because as the technology improves the cost of production will reduce. However, 
natural gems are rare and this will keeps their value high. Therefore, with the 
advancement in technology the prices of synthetic sapphire will reduce which is 
expected to hinder the market growth.
Rising application of synthetic sapphire from the medical industry where it is used
to manufacture devices is expected to augment the market growth of synthetic 
sapphire over the forecast period. They are used to produce endoscope lenses, laser
hair removal systems, blood cell counters, insulators, and blades. Therefore, 
growing demand from the healthcare industry will favor market growth over the 
forecast period.
Due to its excellent optical and mechanical properties sapphire are widely used in 
UV to IR ranges which has a wide range of application in aeronautical jewel 
applications is expected to augment the market growth. Viewports, infrared 
countermeasure lamps, FLIR (forward looking infrared) systems, salt / sand blowing 
environments, vibration sensors, fire/flame sensors for aircraft, and 
instrumentation/aircraft gauges are some of the emerging applications of synthetic 
sapphire in the aerospace industry. 
The rising launch of advanced electronic goods such as smartphones produced from 
sapphire is exepcted to foster the market growth of synthetic sapphire over the 
forecast timeframe. For instance, in November 2019, Xiaomi launched its new MIUI 
watch that has a rectangular design instead of a circular one. Moreover, the images
show that the Xiaomi watch include four-curve sapphire glass display designs which 
will give it a completely different look.
The rising trend of introducing novel and new sapphire products will favor the 
market growth of synthetic sapphire over the forecast timeframe. For instance, in 
February 2015, Rubicon Technology Inc., a provider of sapphire substrates and 
products to the LED, semiconductor, consumer electronics, and optical industries, 
has launched the first synthetic sapphire crystal of its size and thickness, 
meeting a key milestone in its Large-Area Net-Shape Crystal Extraction (LANCE) 
project. At 36" x 18" x 2", this sapphire product will serve the demanding needs of
defense applications, along with future commercial and industrial applications.
Key players operating in global synthetic sapphire market are Rubicon Technology 
Inc., KYOCERA Corporation, Saint-Gobain S.A., SCHOTT AG, Monocrystal, Inc., Rayotek
Scientific Inc., CRYSTALWISE TECHNOLOGY INC., ILJIN Display CO., Ltd, Namiki 
Precision Jewel Co., Ltd., Juropol Sp. z o.o.
In September 2016, the company announced to shut down the production and processing
plant of sapphire at Penang, Malaysia. 
In October 2015, the company manufactured 36 x 18 x 2 inches sapphire crystal for 
applications in aerospace, defense and military through its LANCE project.
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