The Global Synthetic Sapphire Market Growth Accelerated By Increasing Demand From LED Industry
Synthetic sapphire is a hard, durable material that is highly scratch and chemically resistant. It is synthesized in laboratories to imitate the optical and chemical properties of natural sapphire. Synthetic sapphire finds wide application in manufacturing scratch-resistant lenses and glass, LED lights, and laser optics. Sapphire glass is increasingly replacing gorilla glass screens in smartphones, wearables, and other consumer electronics owing to its superior strength and durability. The Global Synthetic Sapphire Market Size is estimated to be valued at US$ 8.21 Bn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand from the LED industry has been a major driving factor for the synthetic sapphire market growth. Sapphire substrates are increasingly being utilized in manufacturing high-power LEDs and laser diodes. Sapphire has high ...