Synthetic Sapphire Market Driven by Growing Demand from LED and Semiconductor Industry

Synthetic sapphire, also known as laboratory-grown sapphire or cultured sapphire, is an artificially produced sapphire that is identical to natural sapphire in terms of physical and chemical properties. Synthetic sapphire has superior properties such as high thermal conductivity, transparency, scratch and corrosion resistance which makes it suitable for various applications in semiconductor, electronics and defense industries. The increasing usage of synthetic sapphire in light emitting diode (LED) manufacturing, scratch resistant smartphone displays, and defense and military applications is driving the market growth.
The Global synthetic sapphire market is estimated to be valued at US$ 8.21 Mn in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period from 2024 to 2031.