The global transparent ceramics market is expected to reach
USD 1.08 billion by 2024, according to a new report by Grand View Research,
Inc. Increasing demand for the product in various industries including
electronics, aviation, and healthcare as a substitute for existing glass
technologies in numerous function such as armors, optical fibers,
domes(infrared) & lasers is expected to drive demand. Expansion of these
end-use industries is predicted to fuel the industry growth further over the
next eight years.
Rising focus on utilizing cutting & laser tools across
the world, on account of rapid industrialization and turnaround of the
manufacturing sector, is expected to propel growth. The increase of the
ceramics industry is also driving expansion over the next eight years.
The global market for transparent ceramics was valued at USD
178.5 million in 2015 and is expected to witness growth over the forecast
period on account of rising manufacturing facilities in emerging markets of
Asia Pacific such as India and China coupled with increasing expenditure on
defense on improved & enhanced technology. Growing need from end-user
industries such as chemical & mechanical industries, instrumentation &
sensor and optics & optoelectronics is expected to stimulate
expansion.
Browse full research report on Transparent Ceramics Market http://www.grandviewresearch.com/industry-analysis/transparent-ceramics-market
Further key findings from the report suggest:
- Transparent
ceramics blankets are suitable for high-temperature procedures.
Lightweight, low thermal conductivity & heat storage, soaring
temperature stability, outstanding handling power & fire protection,
corrosion and thermal shock resistance and resistance are some of the
properties owing to which blankets are preferred. The market is likely to
witness growth at a CAGR of 21.8% from 2016 to 2024.
- The
transparent ceramics demand in optic & optoelectronics was USD 61.4
million in 2015. These products are used in medical & healthcare
industries. Advancements in the healthcare sector across the globe is
expected to drive industry development over the forecast period.
- Asia
Pacific contributed to 47.1% of the global market in 2015 and is projected
to witness massive expansion in light of augmented government expenditure
on the industrial sector and increasing opportunities for FDI in China and
India. Rising demand for defense and iron & steel on account of rapid
industrialization is expected to drive growth.
- The
Middle East & Africa is expected to observe considerable gains at a
CAGR of 20.9% from 2016 to 2024. Increasing expenditure on aviation &
defense by governments in the Middle East is expected to propel growth.
- Key
industry players include Surmet Corporation, CoorsTek, Murata
Manufacturing Co. Ltd., ETEC, and Koito Manufacturing. These companies
focus on research for product development to enhance their portfolio.
Also, numerous research institutes are also focusing on R&D for
increasing the application scope of transparent ceramics. For instance, in
April 2014, the U.S. Naval Research Laboratory (NRL) developed a method
that fabricates nanocrystalline spinel, which is 50% harder than the
existing spinel armor materials utilized in military vehicles.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the global transparent
ceramics market on the basis of product, material, application and region:
Product Outlook (Revenue, USD Million; 2016 - 2024)
- Sapphire
- Yttrium
Aluminum Garnet
- Aluminum
Oxynitride
- Spinel
- Others
Material Outlook (Revenue, USD Million; 2016 - 2024)
- Monocrystalline
Transparent Ceramics
- Polycrystalline
Transparent Ceramics
- Others
Application Outlook (Revenue, USD Million; 2016- 2024)
- Optics
& Optoelectronics
- Aerospace,
Defense & Security
- Mechanical/Chemical
- Sensors
& Instrumentation
- Healthcare
- Consumer
- Energy
- Others
Regional Outlook (Revenue, USD Million; 2016 - 2024)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Chile
- MEA
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-transparent-ceramics-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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