The Asia Pacific is expected to hold the leading position in the global synthetic sapphire market owing to the strong presence of the consumer electronics industry

 

Increasing demand for Light Emitting Diode (LED) lightning over incandescent and CFLs as they are energy efficient is driving the growth of the synthetic sapphire market. Sapphire substrates are majorly used in the manufacturing of LEDs. Moreover, the growing demand for sapphire from the semiconductor industry is also augmenting the growth of the market. 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. Expanding the application of synthetic sapphire from the medical industry where it is used in the development of medical devices is also accelerating the growth of the market. Furthermore, the increasing launch of advanced electronic goods such as smartphones developed from sapphire will further favor the growth of the synthetic sapphire market. 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 includes four-curve sapphire glass display designs which will give it a completely different look.

The Asia Pacific is expected to hold the leading position in the global synthetic sapphire market owing to the strong presence of the consumer electronics industry in the region. According to the Retailers Association of India (RAI), sales of consumer electronics increased by 2% in September 2020 and 8% in October 2020, as compared with the same months in the last year. Electronics hardware production in the country increased from Rs. 4.43 trillion (US$ 72.38 billion) in FY19 to Rs. 5.47 trillion (US$ 89.38 billion) in FY20.

In June 2018, De Beers announced the launch of a new company called Lightbox Jewelry that will begin marketing a new brand of laboratory-grown diamond jewelry under the Lightbox name. It is developed with synthetic sapphires, rubies, and emeralds.

Why are Synthetic Sapphires growing in popularity? These stones are also very easy to produce by laboratory-created means in a lab in a matter of days, making them a very competitive product in the marketplace.

One of the most popular types of synthetic sapphire is the synthetic titanium hypoallergenic ring. Titanium is a completely metal-based alloy that has very little porosity, which makes it very easy to shape without the use of a table. Some of the best quality titanium jewelry is made using this new technology with amazing results such as a rainbow blue color when the ring is completed. The rainbow blue color occurs from the titanium diffusion of color caused by the infrared rays emitted by the sun, causing the blue to appear.