In a Rapidly Changing Economic Scenario, Here’s What to Expect in the Global Transparent Ceramics Market in 2020 & Beyond
The global market for Transparent Ceramics is projected to reach US$1 billion by 2025, driven by emerging new applications and innovation in manufacturing and fabrication technologies that encourage production of transparent bulk ceramics.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Transparent Ceramics market. Report segmentation includes End-Use (Optics & Optoelectronics, Aerospace, Defense & Security, Mechanical/Chemical, Sensors & Instrumentation, Healthcare, Consumer Goods/Electronics, Energy, Other End-Uses); Material (Sapphire, Yttrium Aluminum Garnet (YAG), Aluminum Oxynitride, Spinel, Other Materials); Type (Monocrystalline Transparent Ceramics, Polycrystalline Transparent Ceramics, Other Types) ).
21 June 3:36 A.M., California/Marketwire/ - According to the new market research report, the global market for Transparent Ceramics is projected to reach US$1 billion by 2025, driven by emerging new applications and innovation in manufacturing and fabrication technologies that encourage production of transparent bulk ceramics. Benefits of transparent ceramics over conventional ceramics include higher thermal resistance than glass or resin; stronger, harder with high impact resistance; high optical clarity; durability, resistance to chemicals and corrosion; high transparency grade to over > 92% relative transparency, among others. All of these beneficial material properties are opening up new application possibilities for the material and new revenue generating potential for the market.
Few of the emerging applications include increasing use in building transparent ballistic glass and armored land/air tactical platforms against the backdrop of a military sector busy adapting to a changing battlefield; new uses in medical optics where the unique optical & mechanical properties of spinel ceramics are highly valued; growing use of polycrystalline ceramics in sensors; high optical clarity and transparency makes it perfect as architectural glass for sky-walks, stair-ways and glass flooring in high value commercial constructions; new interest in the material in the manufacture of digital scanners & touchscreen displays; use in production of synthetic gemstones surges against the backdrop of strong demand for costume jewelry. The growing demand for smart electronics in industrial, military, consumer and healthcare sector will benefit growth by opening up new opportunities for use in smartphone glass, smartwatches, camera lenses, night vision goggles, street light lamp envelopes, among others.
The United States and Europe represent the largest markets worldwide with a combined share of 42.5%. China ranks as the fastest growing market with a 34% CAGR over the analysis period supported by the country's focus on investing in material science technologies & R&D in an attempt to solve its manufacturing problems, develop innovative products and enhance its manufacturing competitiveness. Carefully crafted policies and programs and policy led support in funding are helping China transform itself from a low cost, mass production powerhouse into a high-tech economy. Against this backdrop of China emerging into the frontiers of materials science, transparent ceramics will witnesses robust demand as an advanced material capable of revolutionizing a wide range of manufactured goods and products.
Key Competitors Covered in the Report
Advanced Ceramics Manufacturing (ACM)
Blasch Precision Ceramics, Inc.
II-VI Optical Systems
Koito Manufacturing Co., Ltd.
McDanel Advanced Ceramic Technologies LLC
Morgan Advanced Materials PLC
Murata Manufacturing Co., Ltd.
Rauschert Steinbach GmbH
Saint-Gobain Ceramic Materials
Shanghai Siccas High Technology Corporation
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 4796. Among this pool, 863 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 144 unique participations, a total of 66 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
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Global Industry Analysts, Inc.