Transparent Ceramics Market

Transparent Ceramics Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018-2026
Transparent ceramics are a visually transparent category of ceramics. Transparent
ceramics are crystal-like and glassy in nature. These ceramics are used as optically
transparent materials in different forms. They are derivatives obtained from
silica-based glass through crystallization. Transparent ceramics are used as a
substitute to conventional glass. New product launches and acquisitions are some of
the key strategies adopted by the market players to achieve a competitive edge in
the transparent ceramics market.
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Increasing demand from optoelectronic segment is a major driver for the transparent
ceramics market. The high production cost associated with transparent ceramics
prove to be a stumbling block for the growth of the transparent ceramics market.
High prices of raw materials such as sapphire lead to an increase in cost of
transparent ceramics, thus elevating the prices of end products. As a result,
industries prefer to use cheaper substitutes.
Monocrystalline transparent ceramics is the largest market segment for transparent
ceramics due to its excellent optical transparency and mechanical strength. Owing to
these properties, they are widely used in optoelectronics and aerospace, defense &
security applications. They are also used as insulators. Sapphire, due to its high
transparency properties, is used instead of standard glass to meet the high
transparency demands in specific applications. The excellent mechanical and optical
properties of transparent ceramics have elevated its demand in the optics &
optoelectronics industry, which in turn has bolstered the market growth. It is used to
develop CMOS, CCDs, and transmitters. The use of transparent ceramics across
aerospace & defense industry has been increasing due to the availability of capital
and robust technology in this industry. The material is used to produce armors,
windows, and hemispherical domes for aircrafts and missiles.
Market Outlook
Asia Pacific is a major market for transparent ceramics due to low labor cost and
high demand for transparent ceramics across numerous applications. The rising
demand from electronics and defense industries in major economies such as China
and India drives the market growth in this region. Asia Pacific is also estimated to be
the fastest-growing market for transparent ceramics. The region offers potential
opportunity due to its strong customer base, strong manufacturing base, and
governmental regulations that favor foreign investments, leading to market growth in
the emerging countries. The strong electronic market in the region further creates
growth opportunities for transparent ceramics over the forecast period
Availability of capital for technological advancements in the aviation & defense sector
in the Middle East, is expected to drive market growth in this region. The Africa
market is projected to witness growth over the forecast period owing to the presence
of numerous untapped markets in the region, which attracts manufacturers to highly
invest in it
The ceramic & glass refractory and iron & steel industry drive the market growth in
Europe. Europe provides the global transparent market with opportunities for
technological advancements due to the presence of global players such as Saint
Gobain
In North America, the U.S. is the major consumer of transparent ceramics. This is
due to the increasing use of transparent ceramics in defense sector. The market is
entering maturity owing to the already developed market for transparent ceramics in
the region
Some of the key players operating in the transparent ceramics market include
CoorsTek Inc. (U.S.), Schott AG (Germany), Surmet Corporation (U.S.), II-VI Optical
Systems (U.S.), Brightcrystals Technology Inc. (China), CILAS (France), and
CeramTec-ETEC GmbH (Germany), among others, who have adopted various
strategies to increase their market shares.
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Transparent Ceramics Market report is segmented on the basis of type, materials, and end-use - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

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