February 03, 2020
According to the report titled ‘Transparent Ceramics Market Size By Product (Sapphire, Magnesium Aluminate Spinel [Mg-Spinel], Yttria Alumina Garnet [YAG], Aluminum Oxynitride), By Application (Optoelectronics, Defense & Security, Aerospace & Aviation, Healthcare Equipment), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, the global transparent ceramics market is expected to cross USD 1 billion by the year 2025.
Rapid growth of optoelectronic industry is the key factor stimulating the growth of transparent ceramics market as the latter is used extensively across the industry. Transparent ceramics are widely used for manufacturing laser systems, infrared-based night-vision devices, and optical switches. Rising demand for premium automobiles across North America is promoting growth of optoelectronic industry. This factor coupled with surging adoption of optoelectronic products will augment the transparent ceramics market outlook.
Additionally, superior mechanical properties of transparent ceramics over standard glass will favor the product adoption. Transparent ceramics are scratch proof, have longer lifespan, exhibit high thermal resistance, and are preferable for high-wear applications. However, these materials are non-recyclable, which may hamper the market growth in the forthcoming years.
Based on the product type, transparent ceramics market from aluminum oxynitride segment is expected to grow with highest CAGR during the forecast timeframe. Aluminum oxynitride based optical ceramics are extensively used in defense applications such as transparent armors for aircrafts, helicopters, and ground vehicles. This factor along with cost-effectiveness of the product is boosting the segmental growth.
Based on the application scope, transparent ceramics market from healthcare segment is expected to gain substantial growth during 2019-2025, as the material is used for medical imaging, laser treatments, and radiation detection. Transparent ceramics are highly favored in healthcare sector due to their elevated thermal & mechanical stability coupled with high optical transmission.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2144031/
Considering the geographical outlook, Asia Pacific transparent ceramics market is slated to register the highest growth rate during the forecast period, owing to rapid expansion in the regional optoelectronics industry. Increasing digitalization, coupled with rising population and disposable income is fueling the demand for optoelectronics across the region, hence boosting the business landscape across Asia Pacific.
The key players of transparent ceramics market include Saint-Gobain, Kyocera, Coorstek Corporation, CeraNova Corporation, Surmet Corporation, Konoshima Chemicals, Rubicon Technology, Schott AG, Hansol Technics, Almatis GmbH, Crystalwise Technology, and CeramTech GmbH.
Frequently Asked Questions (FAQ) :