Report ID: SQMIG15M2012
Report ID:
SQMIG15M2012 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|
Tables:
63 |
Figures:
68
Global Sapphire Market size was valued at USD 7.14 billion in 2022 and is poised to grow from USD 7.61 billion in 2023 to USD 12.7 billion by 2031, at a CAGR of 6.61% during the forecast period (2024-2031).
The demand for sapphire has increased during the past couple years. High-end wristwatches, bangles, and jewellery are created with it. Sapphires come in two main varieties: natural sapphires and synthetic sapphires. Sapphires can be mined naturally or generated and cultivated in facilities. From the mines, natural sapphires are taken out. These sapphires are the most pricey and valuable varieties. The blue sapphires were either the earliest known sapphires or the most rudimentary sapphires.
Sapphire has many benefits, including hardness, optical transparency, strength, and chemical inertness. These crystals are exceptionally fine and perfect. As a result, they have been used in power IC, power semiconductors, opto-semiconductors, RF operations, and other fields in the power, electronic goods, aerospace, and defense industries. Improved sapphire technology will be possible thanks to advancements in the semiconductor sector.
US Sapphire Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG15M2012