Market Overview:
The Global Synthetic Blue Sapphire Market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for blue sapphire in various applications such as medical, electronic products, aviation, and others. Additionally, the growing awareness about synthetic blue sapphire is also propelling the market growth. However, fluctuations in prices of raw materials may hamper the market growth during the forecast period. On basis of type, monocrystalline sapphire segment is anticipated to hold a dominant position in global synthetic blue sapphire market over next 10 years owing to its superior quality.
Product Definition:
A synthetic blue sapphire is a manufactured gemstone, which means it is not a natural stone. It is made in a laboratory by heating and pressing together small pieces of corundum (aluminum oxide).
Monocrystalline Sapphire:
Monocrystalline Sapphire (MCS) is a new term in the synthetic blue sapphire market. It was initially used for marketing of materials that were produced by chemical Vapor Deposition (VD) technology, which included both polycrystalline and monocrystalline forms.
Trigonal System Sapphire:
Trigonal system sapphire (TGS) is a synthetic variety of natural blue sapphire. It was created in an attempt to improve the characteristics of natural blue sapphire, which has certain limitations such as high thermal expansion and low hardness. TGS can be used for producing transparent gemstones having excellent optical qualities similar to that of natural blue sapphire but with improved toughness and lower thermal expansion.
Application Insights:
The others application segment dominated the global market in terms of revenue share in 2017. The segment includes industrial and decorative applications. Blue color has been found to have beneficial effects on human cognitive abilities such as attention, memory, and concentration owing to which synthetic blue sapphire is widely used for manufacturing electronic products such as smartphones and tablets. Electronic product manufacturers are investing heavily in research activities regarding the development of advanced products using synthetic blue sapphire crystal chips with high efficiency power sources that can be recharged very quickly compared to conventional lithium-ion batteries. This is expected to drive the product demand over the forecast period.
Medical application was one of the prominent segments accounting for a significant market share in 2017 owing to increasing usage of Synthetic Blue Sapphire (SBS) for manufacturing medical devices including x-ray detectors, CT scanners, ultrasound systems, MRI machines etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries such as medical, electronic products, aviation, and others. Asia Pacific is also projected to emerge as a lucrative market for synthetic sapphire manufacturers owing to low labor costs and manufacturing infrastructure available in this region.
The growing production of smartphones has ledto an increased demand for synthetic blue sapphire abrasives used in screen protectors, camera lenses, mobile phones among other electronic devices manufactured using glass fiber composites (GFC). In addition Synthetic Sapphire Manufacturers Association (SSA) has collaborated with SABMiller Ltd., India's largest brewer & beverage manufacturer by revenue; both companies aim at promoting the use of synthetic blue sapphires across several industries worldwide.
Growth Factors:
- Increasing demand from the jewelry industry as a result of its unique color and optical properties.
- Growing popularity of sapphire in luxury watches, due to its scratch resistance and durability.
- Rising demand for synthetic blue sapphire in the semiconductor industry for use in LED lights and lasers.
- Increasing applications of synthetic blue sapphire in medical devices and optics products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Blue Sapphire Market Research Report
By Type
Monocrystalline Sapphire, Trigonal System Sapphire
By Application
Medical, Electronic Products, Aviation, Others
By Companies
Rubicon Technology, Kyocera, Saint-Gobain, Monocrystal, Rayotek Scientific, Crystalwise Technology, Namiki Precision Jewel, Juropol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Blue Sapphire Market Report Segments:
The global Synthetic Blue Sapphire market is segmented on the basis of:
Types
Monocrystalline Sapphire, Trigonal System Sapphire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Electronic Products, Aviation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rubicon Technology
- Kyocera
- Saint-Gobain
- Monocrystal
- Rayotek Scientific
- Crystalwise Technology
- Namiki Precision Jewel
- Juropol
Highlights of The Synthetic Blue Sapphire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Monocrystalline Sapphire
- Trigonal System Sapphire
- By Application:
- Medical
- Electronic Products
- Aviation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synthetic Blue Sapphire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Synthetic blue sapphire is a type of synthetic gemstone that is made from a variety of materials, including glass and plastic. It can be either colorless or have a light blue hue.
Some of the key players operating in the synthetic blue sapphire market are Rubicon Technology, Kyocera, Saint-Gobain, Monocrystal, Rayotek Scientific, Crystalwise Technology, Namiki Precision Jewel, Juropol.
The synthetic blue sapphire market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic Blue Sapphire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Synthetic Blue Sapphire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Blue Sapphire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Synthetic Blue Sapphire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Synthetic Blue Sapphire Market Size & Forecast, 2020-2028
4.5.1 Synthetic Blue Sapphire Market Size and Y-o-Y Growth
4.5.2 Synthetic Blue Sapphire Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Monocrystalline Sapphire
5.2.2 Trigonal System Sapphire
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Electronic Products
6.2.3 Aviation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic Blue Sapphire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Synthetic Blue Sapphire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Monocrystalline Sapphire
9.6.2 Trigonal System Sapphire
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Electronic Products
9.10.3 Aviation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Monocrystalline Sapphire
10.6.2 Trigonal System Sapphire
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Electronic Products
10.10.3 Aviation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Monocrystalline Sapphire
11.6.2 Trigonal System Sapphire
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Electronic Products
11.10.3 Aviation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Monocrystalline Sapphire
12.6.2 Trigonal System Sapphire
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Electronic Products
12.10.3 Aviation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Monocrystalline Sapphire
13.6.2 Trigonal System Sapphire
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Electronic Products
13.10.3 Aviation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Synthetic Blue Sapphire Market: Competitive Dashboard
14.2 Global Synthetic Blue Sapphire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rubicon Technology
14.3.2 Kyocera
14.3.3 Saint-Gobain
14.3.4 Monocrystal
14.3.5 Rayotek Scientific
14.3.6 Crystalwise Technology
14.3.7 Namiki Precision Jewel
14.3.8 Juropol
