Synthetic Sapphire Market to Exceed US$ 9,255.7 Mn. by 2024 | Page 2

R e s e a r c h

Report Media Releases
Global Synthetic Sapphire Market Revenue Expected to
Register a CAGR of 8.4% Between 2016 and 2024; Asia
Pacific Anticipated to Witness Highest Growth Between 2016
and 2024
According to the latest market report published by Persistence Market Research titled ‘Synthetic
Sapphire Market: Global Industry Analysis and Forecast 2016–2024’, the revenue generated

M a r k e t

from global sales of synthetic sapphire has been estimated to be valued at US$ 4,864.3 Mn by
2016 end and is expected to increase at a CAGR of 8.4% during the forecast period of 2016–
2024. By 2024, the global synthetic sapphire market is projected to be valued at US$ 9,255.7
Mn.
Synthetic Sapphire is aluminum oxide and is also known as Corundum or α- alumina. It is
chemically inert, hard, thermally stable till 1600 ο C and has a melting temperature of 2050 ο C.
Manufactured from high purity alumina (>99.99% purity) by one of the five methods namely
Verneuil, Czochralski (CZ), Heat Exchanger Method (HEM), Edge-Defined Film-Fed Growth
(EFG) and Kyropoulos, where EFG and Kyropoulos methods are most popular and are mostly

P e r s i s t e n c e

modified in-house to increase the yield. Synthetic sapphire on hardness scale (Mohs) stands on
9 which is the next hardest material after diamond and possesses excellent physical and
chemical properties. The wear and scratch resistance of synthetic sapphire is considered to be
unique. The sapphire crystal boule undergoes series of processing steps such as drilling, slicing,
grinding, polishing and cleaning to get the final synthetic sapphire in required form.
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Demand of sapphire products is expected to grow beyond LED as its primary application since
sapphire growers are researching new applications which are under developing phase. This is
because sapphire being an anisotropic material, which makes its mechanical and thermal
properties to depend on the direction of crystal growth and its subsequent processing. Thus, the
exceptional mix of properties makes sapphire an ideal material for LED manufacturing and as a
semiconductor. Also, when compared to other optical materials, sapphire has superior level of
radiation stability and thus a demand from various industrial sectors is strong. Attributes such as
government policies and regulations for preferring LED lighting over incandescent and CFL, and

Global Synthetic Sapphire Market 2016-2024