Global Transparent Ceramics Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Monocrystalline, Polycrystalline, Others), By Material (Sapphire, Yttrium Aluminium Garnet, Spinel, Aluminium Oxynitride, Others), By End-User Industry (Optics & Optoelectronics, Aerospace, Defense & Security, Chemical, Healthcare, Consumer Electronics, Energy, Others), And By Geography - Forecasts From 2022 To 2027

  • Published : Sep 2022
  • Report Code : KSI061610999
  • Pages : 120

The global transparent ceramics market is expected to grow at a CAGR of 24.93% over the forecast period to reach a total market size of US$1,687.321 million by 2027, increasing from US$355.287 million in 2020. Transparent ceramics have gotten a lot of attention in the last decade because of their significant contributions to industries like aerospace and defense, consumer electronics, optics and optoelectronics, and so on. The increased demand for their application in sensors and the use of ceramic technology in lasers are expected to be the major factors fuelling the market growth.

Some of the additional factors driving the growth performance of the transparent ceramics market are the growing demand for transparent ceramics as an alternative to traditional glass technologies, growth of the optics and optoelectronic sector, improved efficiency, and the increasing defense expenditure.  Various advancements are being made in this field, like a group of researchers at the University of California have proposed the development of a transparent ceramic window. Implanting this ceramic window in the skull will make possible the noninvasive ultrasound treatment of the brain. Such research and development are further expected to present potential growth opportunities for the transparent ceramics market.

Increasing defense expenditure is driving the market for transparent ceramics during the forecast period.

Transparent ceramics are widely used in sensor windows and night vision systems, among other applications, due to their corrosion resistance and thermal stable ability. Increasing defence expenditure around the globe is expected to drive the growth of the transparent ceramics market during the forecast period.

According to the World Bank report, military expenditure in current USD in China and India has increased from 86.2362 billion and 33.002 billion in 2008 to 249.997 billion and 66.51 billion in 2018, showing a growth rate of nearly 190% and 101% respectively.

Also, with the growing need in defense for transparent armour for personal protection and infrared windows, there have been collaborative efforts by government research laboratories and defense manufacturing science and technology programs to support the manufacturing of aluminium oxy-nitride products providing better systems performance.

Furthermore, transparent ceramic armour provides superior ballistic protection at even less than half the weight and thickness of the traditional form of armour. Due to such benefits and advantages over other forms of materials, the market for transparent ceramics is anticipated to witness substantial growth in the coming years.

Optics & Optoelectronics held one of the largest shares in the market during the forecast period.

By the end-user industry, the transparent ceramics market is segmented into optics and optoelectronics, aerospace and defense, chemicals, healthcare, consumer electronics, and energy, among others.

 Optics and optoelectronics hold a significant share in the global market and growing with the growing application of transparent ceramics in the industry. Rising demand for luxury vehicles and increasing awareness about vehicle safety is driving the optoelectronics market, which is increasing demand for transparent ceramics over the forecast period.

Also, increasing research and development in the fields of optics and optoelectronics technology coupled with the growing demand for electric vehicles around the globe is further anticipated to boost the market for transparent ceramics in the coming years.

The United States is estimated to hold a significant share of the market.

By geography, the global transparent ceramics market has been segmented into the following: North America, South America, Europe, the Middle East and Africa, and Asia Pacific (APAC) regions.

North America accounts for a significant share of the global transparent ceramics market in 2019 and is projected to grow at a significant rate throughout the forecast period. This growth is attributed to the presence of big market players coupled with growing investment in research and development in defence in the region.

According to government sources, in 2017, the United States spent nearly US$55.4 billion on defence research and development, which was more than four times the defence R&D of the rest of the OECD countries combined. In addition, the transparent ceramics market in the Asia Pacific region is anticipated to witness exponential growth owing to the expanding defense industry in developing countries like China and India.

However, the South American transparent ceramics market will witness considerable growth during the forecast period owing to the limited investment in defense and research in the region. Also, Europe is expected to grow at a progressive rate over the forecast period on account of stringent regulation and a decreasing defence budget in many countries.

Covid-19 Impact on Transparent Ceramics Market:

The Covid-19 Pandemic has negatively impacted the overall market growth owing to the stringent govt regulations which have halted various building and construction projects across the globe. The end-use industry of transparent ceramics was severely affected by the pandemic, due to supply chain disruptions. Although the market has seen some growth in the healthcare sector, the rising prevalence of ortho fractures and dental problems has increased transparent ceramics demand in the healthcare sector.

Key Developments:

  • Sept 2021: Indian scientists and researchers has developed transparent ceramics, reaching theoretical transparency through a technique called colloidal processing. The material can be used in thermal imaging applications, especially in harsh service conditions and in helmets, face shields, and goggles.

Competitive Insights

Companies in the market are focusing on improving the quality of transparent ceramics through research and development and by developing transparent ceramics which can be used in the manufacturing of defence types of equipment. Furthermore, companies are investing in technology and manufacturing strengths and capabilities to hold a competitive advantage over their competitors.

The research study report categorizes the transparent ceramics market based on type, material, end-user industry, and geography. The analysis of the report presents detailed information regarding the trends, developments, and latest industry policies and regulations implemented in each of the geographical regions. Also, the overall regulatory framework of the market has been covered to offer stakeholders a better understanding of the key factors affecting the overall market environment during the forecast period.

Global Transparent Ceramics Market Scope:

 

Report Metric Details
 Market Size Value in 2020  US$355.287 million
 Market Size Value in 2027  US$1,687.321 million
 Growth Rate  CAGR of 24.93% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Type, Material, End User Industry, And Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Konoshima Chemical Co., Ltd., CeramTec ETEC, Murata Manufacturing Co., Ltd., SCHOTT AG, Momentive Technologies, CeraNova, Surmet Corporation, American Elements
 Customization Scope  Free report customization with purchase

 

Market Segmentation:

  • By Type
    • Monocrystalline
    • Polycrystalline
    • Others
  • By Material
    • Sapphire
    • Yttrium Aluminium Garnet
    • Spinel
    • Aluminium Oxynitride
    • Others
  • By End User Industry
    • Optics & Optoelectronics
    • Aerospace, Defense & Security
    • Chemical
    • Healthcare
    • Consumer Electronics
    • Energy
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Thailand
      • Taiwan
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the transparent ceramics market size by 2027?
A1. The global transparent ceramics market is expected to reach a total market size of US$1,687.321 million in 2027. 


Q2. What are the growth prospects for the transparent ceramics market?
A2. The transparent ceramics market is expected to grow at a CAGR of 24.93% over the forecast period. 


Q3. What is the size of the global transparent ceramics market?
A3. Transparent Ceramics Market was valued at US$355.287 million in 2020. 


Q4. What factors are anticipated to drive the transparent ceramics market growth?
A4. The increased demand for their application in sensors and the use of ceramic technology in lasers are expected to be the major factors fuelling the transparent ceramics market growth.


Q5. Which region holds the largest share in the transparent ceramics market?
A5. North America accounts for a significant share of the global transparent ceramics market. 


1. Introduction
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis

5.  Transparent Ceramics Market Analysis, By Type
5.1.  Introduction
5.2.  Monocrystalline
5.3.  Polycrystalline
5.4.  Others

6. Transparent Ceramics Market Analysis, By Application
6.1. Introduction
6.2. Sapphire
6.3. Yttrium Aluminium Garnet
6.4. Spinel
6.5. Aluminium Oxynitride
6.6. Others

7. Transparent Ceramics Market Analysis, By End User Industry
7.1. Optics & Optoelectronics
7.2. Aerospace, Defense & Security
7.3. Chemical
7.4. Healthcare
7.5. Consumer Electronics
7.6. Energy
7.7. Others

8.  Transparent ceramics Market Analysis, By Geography
8.1.  Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. UK
8.4.2. Germany
8.4.3. France
8.4.4. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. Japan
8.6.2. China
8.6.3. India
8.6.4. South Korea
8.6.5. Thailand
8.6.6. Taiwan
8.6.7. Indonesia 
8.6.8. Others

9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10.  Company Profiles
10.1. Konoshima Chemical Co., Ltd.
10.2. CeramTec ETEC
10.3. Murata Manufacturing Co., Ltd.
10.4. SCHOTT AG
10.5. Momentive Technologies
10.6. CeraNova
10.7. Surmet Corporation
10.8. American Elements

Konoshima Chemical Co., Ltd.

CeramTec ETEC

Murata Manufacturing Co., Ltd.

SCHOTT AG

Momentive Technologies

CeraNova

Surmet Corporation

American Elements


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