Transparent Ceramics Market Trends and Technology By 2024
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.
U.S. transparent ceramics market revenue by application, 2013 - 2024 (USD Million) |
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.
Full
Research Report On Global Transparent Ceramics Market Analysis:
http://www.grandviewresearch.com/industry-analysis/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.
View more
reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/advanced-materials
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
View press
release of this research report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-transparent-ceramics-market
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.
For more
information: www.grandviewresearch.com
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