Global Transparent Ceramics Market size worth US$1,687.321 million by 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Global Transparent Ceramics Market – which is forecasted from 2020 to 2027”.
The key factors propelling the growth of the Transparent ceramics market are the shift from traditional glass technologies towards transparent ceramics, increased demand for their application in sensors, and increasing defense expenditure.
As per the report, the Transparent ceramics market is projected to grow swiftly throughout the anticipated period.
Over the years, transparent ceramics have received a lot of attention due to their significant contribution to aerospace and defense, consumer electronics, optics, and optoelectronics industries. The growing demand for transparent ceramics as an alternative to traditional glass technologies, expansion of the optical and optoelectronic industry, increased efficiency, and rising defense spending are a few other factors influencing the growth performance of the transparent ceramics market. In addition to other uses, transparent ceramics are frequently employed in sensor windows and night vision systems. This is because of its capacity to resist corrosion and maintain a constant temperature. During the projected period, rising defense spending across the globe is anticipated to fuel the expansion of the transparent ceramics market.
The transparent ceramics market has been categorized based on type, application, end-user industry, and geography.
By type, the transparent ceramics market has been classified into monocrystalline, polycrystalline, and others. The monocrystalline transparent ceramics market is expected to dominate the transparent ceramics market during the forecast period. These monocrystalline ceramics are free from surface defects and internal pore irregularities, henceforth it is diversely applied in x-ray devices, radiation detection, particle detection, etc. Consequently, its widespread use is expected to propel the market for monocrystalline under this segment.
Based on application, the transparent ceramics market is segmented into sapphire, yttrium aluminum garnet, spinel, aluminum oxynitride, and others. Due to the durable, scratch-resistant characteristics of sapphire, it is a favorable transparent ceramic in the electronics industry. Henceforth, the sapphire segment is anticipated to hold a significant share of the global transparent ceramics market.
By end-user industry, the transparent ceramics market is divided into optics & optoelectronics, aerospace, defense and security, chemical, healthcare, consumer electronics, energy, and others. As per the analysis, optics and optoelectronics hold a significant share of the global transparent ceramic market during the forecast period. The rising demand for luxury vehicles coupled with increasing vehicle safety awareness is expected to drive the optoelectronics market, consequently increasing the demand for transparent ceramics over the anticipated period.
Geographically, the market is divided into North America, South America, Europe, the Middle East and Africa, and Asia-pacific. During the forecast period, the North American region is anticipated to hold a considerable share of the market, which is attributed to the presence of big market players as well as growing investment in research and development in defense in this region. For instance, between 2012 and 2021 the US funding for military research and development rose by 24%. (Source: Stockholm International Peace Research Institute).
The COVID-19 pandemic had a negative impact on the transparent ceramics market owing to the stringent government regulations which affected the activities of construction sectors across the globe.
As a part of the report, the major players operating in the Transparent ceramics market, that have been covered are Konoshima Chemical Co., Ltd., CeramTec ETEC, Murata Manufacturing Co., Ltd., SCHOTT AG, Momentive Technologies, CeraNova, Surmet Corporation, and American Elements.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-transparent-ceramics-market
This analytics report segments the Transparent ceramics market on the following basis:
- By Type
- By Material
- Yttrium Aluminium Garnet
- Aluminium Oxynitride
- By End User Industry
- Optics & Optoelectronics
- Aerospace, Defense & Security
- Consumer Electronics
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Leave a ReplyWant to join the discussion?
Feel free to contribute!