Synthetic Sapphire Market: Key Industrial Applications

1. Synthetic Sapphire Market: Key Industrial Applications As one of the first gems to be synthesized, synthetic sapphire, or lab-grown sapphire, comprises the exact chemical composition of organic sapphire. Moreover, it is also one of the hardest minerals, following diamond, and is highly durable, as well. According to Inkwood Research, the global synthetic sapphire market is estimated to rise with a CAGR of 6.50% over the forecasted years of 2022 to 2030. The market growth of the region is fuelled by key factors, such as the growing adoption of LED lighting, rising applications in the electronics industry, and technological advancements in the manufacturing process.

2. Synthetic Sapphire Market – A Detailed Look at Industrial Applications On account of its excellent properties, sapphire is utilized in several industrial products and applications. For instance, owing to the material’s high scratch resistance, transparency, and hardness, synthetic sapphire is often utilized in ball bearings and wristwatches. Over recent years, the material has also found widespread usage in fingerprint authentication sensors and smartphone lens covers. Aligning with this, some of the top applications of synthetic sapphire are as follows – Sapphire Substrates – oSapphire is characterized by exceptional electrical insulation, good thermal conductivity, transparency, as well as high rigidity properties. As a result, it is a preferred material for substrates and is thus utilized in LED as well as microelectronic circuits and ultra-high-speed integrated circuits. oSapphire substrates also play a significant role in the production of several other electronic devices, owing to their remarkable electrical properties. Consumer Electronics – oThe expansion of the consumer electronics industry is expected to provide synthetic sapphire manufacturers with lucrative growth opportunities. This is primarily accredited to the material’s growing demand for the production of smartphones, camera lenses, and watches, among other devices. oMoreover, the use of synthetic sapphire as a scratch-resistant material further drives the growth of the consumer electronics segment as a key end-user. Display – oSapphire has been used as a covering for cellphone camera lenses, in addition to being tested by manufacturers of electronic tablets for shatter-proof display screens. oFurthermore, sapphire glass is also ideal for display devices subject to significant wear and tear, like smartwatches and fitness trackers. Optical – oSince sapphire is radiolucent (transparent to X-rays), it is ideal for use in MRI, CT, and various other intraoperative imaging procedures. In addition to resulting

3. in clear imagery, the use of synthetic sapphire in optical applications also enables enhanced diagnostic capability. Furthermore, the material’s thermal conductivity facilitates enhanced cooling, predominantly for laser procedures. oSynthetic sapphire windows are also utilized on a large scale as they are stronger compared to standard glass windows. oAccordingly, as per Inkwood Research’s analysis, the optical segment is projected to dominate the application category during the forecast years. Synthetic sapphire is also largely used in the medical sector for a varied range of applications. These include endoscope lens covers, scalpels, hematology inspection filters, as well as medical plunger pump parts. Furthermore, the adoption of synthetic sapphire in emerging regions of the Asia-Pacific, such as Thailand, India, and China, is set to rise rapidly over the upcoming years, predominantly on account of the increase in new construction and infrastructure activities. Top Trend | Government Guidelines Encourage Synthetic Gems Production The manufacturing process of synthetic sapphire is less polluting and environmentally friendly compared to the production of various alternative materials. Moreover, the material comprises minimal contamination, with negligible defects and grain boundaries, thus providing synthetic sapphire with a wide range of desirable properties. Accordingly, governments of developing economies, such as India, are considering the propositions of the jewelry industry with a view to promoting manufacturing and exports. These predominantly include facilitating shipments through e-commerce and establishing common facility centers. For instance, as per the Gem & Jewellery Export Promotion Council (GJEPC), India’s government separated the Indian Trade Clarification (ITC) code for rough synthetic gemstones into non-diamonds and diamonds. The initiative is expected to enable

4. organizations to monitor the exact quantities of lab-grown diamonds brought into the jewelry industry, thereby encouraging their wide-scale manufacture. As a result, these factors are expected to contribute to the overall growth of the global synthetic sapphire market during the forecast years. By Shruti Vanjare FAQs: What are some of the key companies operating in the global synthetic sapphire market? Juropol Sp ZOO, Iljin Display Co Ltd, Namiki Precision Jewel Co Ltd, Crystalwise Technology Inc, and others are among the key companies operating in the global synthetic sapphire market. What are the top factors driving the Asia-Pacific synthetic sapphire market’s dynamic growth? The growth of the region’s medical as well as consumer electronics industry, rapid construction activities and infrastructural development, as well as the rising demand for LED products, are set to drive the dynamic growth of the Asia-Pacific synthetic sapphire market.