Sapphire substrate: LED lighting with the largest proportion of iPhone to open a new application of the road

Sapphire substrate for LED lighting applications accounted for more than 90% of sapphire substrate. From the current application of sapphire structure, currently about 80% applications in the sapphire substrate, about 20% applications in non substrate material, which is mainly used as a substrate for sapphire LED lighting and SOS related products, including LED substrate material accounted for more than 90%, so the LED on sapphire substrate demand influence most directly, but also the most important.

LED demand picked up, driven by Sapphire demand. In 2012, due to the downturn in the economic environment, the demand for LED lighting as expected, resulting in the upstream MOCVD equipment utilization rate fell sharply, the utilization rate is only 59% of global MOCVD equipment related statistics in 2012, Chinese, only 42%, resulting in significantly lower than expected growth in demand for sapphire substrate. At the same time as the subsequent release of sapphire in new capacity, the continued deterioration of the relationship between supply and demand, supply and demand ratio is only 66%, sapphire prices fell in 2013; with the LED direct type backlight penetration acceleration, plus LED lighting demand increased dramatically, to stimulate the MOCVD equipment utilization rate increased to 74% (Chinese, 63%), driven by the sapphire demand picked up, the supply and demand ratio gradually improved, demand from 2012 to 57 million 130 thousand / year demand, up to 83 million pieces / year demand (equivalent to 2 inches), the supply and demand ratio of 80%, as the main push sapphire price rebound reason.

2014 LED demand continues to improve, sapphire demand is expected to continue to rise. In 2014, LED lighting product prices, the price of some products with energy-saving lamps, LED lighting to stimulate demand to accelerate; at the same time policy, in 2014 the global ban incandescent lamp into the stage, EU, Japan and other regions and the implementation of the new standard has been H1 in 2013, other areas of relevant standards expected by the end of the year is expected to be introduced before and after, will further promote the demand for LED lighting penetration, is expected to continue to drive the sapphire substrate material demand. We expect the proportion of sapphire demand in 2014 will be further raised to 91%, the supply and demand is expected to significantly improve.

IPhone mobile applications or open the new application of sapphire road. If the 2014 Apple new varieties used sapphire protective screen, assuming the 2014-2015 annual sales of 40 million, 120 million, corresponding new demand will drive the sapphire 97 million 140 thousand / year, 291 million 420 thousand / year (equivalent to 2 inches) in 2014, almost equivalent to the integration of LED sapphire substrate quantity, 2015 will be the LED sapphire substrate 2 times demand. According to the calculation of sapphire market size is expected to grow more than 5 times.