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2023

Transparent Aluminum Market

Transparent Aluminum Market Size, Share, Competitive Landscape and Trend Analysis Report by Material (Aluminum, Oxygen, and Nitrogen), and By End use Industry (Building and Construction, Healthcare, Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2031

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Author's: Akshata Dhange| Nikhil Mittal | Eswara Prasad
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Transparent aluminum Market Outlook - 2022–2031

The global transparent aluminum market size was valued at $5.2 million in 2021, and is projected to reach $27.8 million by 2031, growing at a CAGR of 10.2% from 2022 to 2031. 

Report key highlighters

  • The report provides complete analysis on the market status across key 4 regions in terms of value ($ Million).
  • The transparent aluminum market is consolidated in nature with few players such AMERICAN ELEMENTS, CeramTec GmbH, Ceranova, CoorsTek Inc., INNOVACERA, KYOCERA Fineceramics Europe GmbH, Murata Manufacturing Co., Ltd., POLYCRYSTAL design GmbH, Saint Gobain, and Surmet Corporation, which hold a significant share of the market.
  • Top winning strategies are analyzed by performing a thorough study of the leading players in the transparent aluminum market. Comprehensive analysis of recent developments and growth curves of various companies helps us to understand the growth strategies adopted by them and their potential effect on the market.  
  • The report provides competitive dynamics by evaluating business segments, product portfolios, target market revenue, geographical presence and key strategic developments by prominent manufacturers. 

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Transparent aluminum is an optically transparent aluminum that is a crystalline substance obtained from aluminate powder alloys. It is also known as aluminum oxynitride (AION) and ceramic alloy. In addition, transparent aluminum is polycrystalline ceramic with a cubic spinel crystal structure. It possesses mechanical strength due to which it is mostly the preferred metal in defense and security industry. Transparent aluminum finds a wide range of end use industries in infrared optical windows, sensor components, and the military defense industry. 

Furthermore, transparent aluminum or aluminum oxynitride possesses properties such as, elevated temperature resistance due to which it is used primarily in thermal engineering and in manufacturing of high temperature-based crucibles. In addition, aluminum oxynitride is widely used in making refractory bricks in steel industry. This is expected to enhance the overall growth of transparent aluminum market. 

However, transparent aluminum is more expensive as compared to windshield glasses. According to an article published by CAR FROM JAPAN Co., Ltd., the rigidity of the material is the chief issue that impressed the manufacturers to drop the idea of using transparent aluminum in car windshields straight away. This factor is projected to hamper the market growth during the forecast period. 

Key attributes such as major government efforts for localization & enormous revenue expansion and capitalizing on the synergies in defense & space industry have enhanced the overall performance of transparent aluminum market. Transparent aluminum has an excellent mechanical property due to which it is the most preferred aluminum employed in the manufacturing of bullet proof glasses in defense industry. This factor is projected to drive the market during the forecast period. 

Key Market Trend 

Transparent aluminum or aluminum oxynitride has gained popularity in defense industry due to which several key manufacturers are actively engaged in making transparent aluminum. For instance, Surmet company offers precision ALON (Aluminum oxynitride) components with consistently high quality, in batches that are in tonnage quantities, and in increasing sizes and shape complexity. Surmet company has capability to produce precisely finished ALON components and is the only supplier of monolithic windows as big as 18x35-inch and windows with engineered seams as large as 24x27 inch to the U.S. defense market. Therefore, the demand and potential sales of transparent aluminum is projected to increase in the coming years. 

The transparent aluminum market is segmented on the basis of material type, end-use industry, and region. By material, it is classified into aluminum, oxygen, and nitrogen. By end-use industry, it is divided into building & construction, healthcare, defense, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

Transparent Aluminum Market
By Region
2031
North America 

North America would exhibit highest CAGR of 11.50% during 2022-2031.

Transparent aluminum market, by region

The North America transparent aluminum market accounted for a major market share in 2021 with 100% share in the global market and is projected to grow at the highest CAGR during the forecast period. This is due to the fact that, market for transparent aluminum in North America is predicted to expand due ongoing building and construction activities, government support and investment in the healthcare, defense, automotive, and semiconductor industry has driven the transparent aluminum market growth. Furthermore, according to data revealed by USASPENDING in December 2022, the Department of Defense (DOD) had $1.90 trillion distributed among its 6 sub-components in the U.S. which creates new avenues for transparent aluminum market. Transparent aluminum has a wide range of application in defense industry  where it is used to make recce sensor windows, bulletproof and infrared absorptive glasses, optical lenses, and other defense equipment This  factor is anticipated to increase the potential sales of transparent aluminum market during the forecast period. In addition, rising demand for contemporary house solutions and innovative electrical fittings is anticipated to stimulate regional market expansion.  

Transparent Aluminum Market
By Material
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Oxygen material segment is the highest growing segment

Transparent aluminum market, by material 

In 2021, the oxygen segment was the largest revenue generator, and is anticipated to grow at a CAGR of 10.4% during the forecast period. Sudden surge in demand by the concentration of oxygen production plants in the industrial belt of eastern India is projected to drive the market. Oxygen plays vital role in the production process of aluminum oxynitride or transparent aluminum. Utilization of aluminum oxynitride is used for making infrared windows. Infrared windows are significant component in the atmospheric greenhouse effect which balances incoming solar radiation and outgoing IR to space due to which infrared windows are widely preferred in electric panels, residential and commercial sectors. This factor is creating the demand for oxygens in the coming years.

Transparent Aluminum Market
By End Use Industry
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Defense end use industry segment is projected as the fastest growing segment

Transparent aluminum market, by end use industry

By end-use industry, the market is divided into building & construction, healthcare, defense, and others. The defense segment is dominating the global market, in terms of revenue in 2021 with 57% share in the global market.

This is attributed to the fact that, increasing investments in the Transmission & Distribution (T&D) industry for efficiently transporting electricity to various defense equipment at various network stages are a major contributor to the market's growth. For Instance, the Indian government has boosted overall investments by eight state-owned power companies, including REC Ltd, by over 19% to USD 7.86 billion for 2021-2022. This may act a one of the key drivers responsible for the growth of transparent aluminum market during the forecast period. Furthermore, transparent aluminum is crystal clear, and it easily absorbs infrared radiation, which makes it ideal for heat-seeking missiles and other infrared technology. This factor is expected to boost the transparent aluminum market in the coming years.  

The major companies profiled in this report include AMERICAN ELEMENTS, CeramTec GmbH, Ceranova, CoorsTek Inc., INNOVACERA, KYOCERA Fineceramics Europe GmbH, Murata Manufacturing Co., Ltd., POLYCRYSTAL design GmbH, Saint Gobain, and Surmet Corporation.

IMPACT OF COVID-19 ON THE GLOBAL TRANSPARENT ALUMINUM MARKET

COVID-19 had a negative impact on the global market trends for transparent aluminum, as it had on every other sector in the world.  COVID-19 disturbed the supply chain and hampered production and demand of the aluminum. Moreover, COVID-19 harmed the financial elements of these businesses. In 2020, transparent aluminum prices were high across the globe. The price rise was due to continued regional demand trends and tight product availability. Furthermore, the sales of global transparent aluminum is expected to increase post the COVID-19 pandemic due to increase in the demand from building & construction, healthcare manufacturing devices, and defense industry. 

Key benefits for stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current Transparent aluminum market trends and future estimations from 2021 to 2031 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Transparent Aluminum Market Report Highlights

Aspects Details
Transparent Aluminum Market By Material
By Material
  • Aluminum
  • Oxygen
  • Nitrogen
Transparent Aluminum Market By End use industry
By End use industry
  • building & construction
  • Healthcare
  • Defense
  • Others
Transparent Aluminum Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players
Key Market Players

Saint Gobain, KYOCERA Fineceramics Europe GmbH, Ceranova., CeramTec GmbH, INNOVACERA., AMERICAN ELEMENTS, Surmet Corporation, POLYCRYSTAL design GmbH, CoorsTek Inc, Murata Manufacturing Co., Ltd.

Analyst Review

According to CXOs of leading companies, the global transparent aluminum market is expected to exhibit high growth potential. Transparent aluminum is also known as aluminum oxynitride, which is obtained from aluminum alloys powder. It possesses chemical, physical, and mechanical properties owing to which it is widely used in healthcare, defense, building & construction, and electronics. This factor is expected to impede the growth of the market.

Furthermore, governments of both developed and developing economies have invested in defense industry for manufacturing of army equipment. Transparent aluminum is used to make recce sensors, armor windows, bulletproof and infrared absorptive glasses. Furthermore, factors such as flexibility in operation, ease of application, and sustainability have enhanced the performance of transparent aluminum in several end-use industries. CXOs further added that sustained economic growth and development of the defense sector has increased the popularity of transparent aluminum.

Author Name(s) : Akshata Dhange| Nikhil Mittal | Eswara Prasad
Frequently Asked Questions?

Increase in iron & steel production and escalating demand from building and construction industry are the major growth factors in the transparent aluminum market.

Transparent aluminum is an optically transparent aluminum that is a crystalline substance obtained from aluminate powder alloys. It is also known as aluminum oxynitride (AION) and ceramic alloy. In addition, transparent aluminum is polycrystalline ceramic with a cubic spinel crystal structure. It possesses mechanical strength due to which it is mostly the preferred metal in defense and security industry. Transparent aluminum finds a wide range of end use industries in infrared optical windows, sensor components, and the military defense industry.

The global transparent aluminum market was valued at $5.2 million in 2021, and is projected to reach $27.8 million by 2030, growing at a CAGR of 10.2% from 2022 to 2031..

AMERICAN ELEMENTS, CeramTec GmbH, Ceranova, CoorsTek Inc., INNOVACERA, KYOCERA Fineceramics Europe GmbH, Murata Manufacturing Co., Ltd., POLYCRYSTAL design GmbH, Saint Gobain, and Surmet Corporation are the most established players in the global transparent aluminum market.

Defense industry is projected to increase the demand of transparent aluminum market

The transparent aluminum market is segmented on the basis of material type, end-use industry, and region. By material, it is classified into aluminum, oxygen, and nitrogen. By end-use industry, it is divided into building & construction, healthcare, defense, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key factors such as, growing population across the world, increase in the disposable income, growing trend for automated sensors, and modern infrastructure themes creating the need for houses are expected to foster the growth of transparent aluminum market. For instance, according to report published by AUTODESK in year December 2018, the construction industry needs to build an average of 13,000 buildings every day through 2050. Transparent aluminum is three times harder than steel and fused silica due to which it has been majorly used in the building and construction industry for making armored windows, infrared absorptive domes, optical glasses, and others. Thus, the increase in demand for transparent aluminum is expected to boost the market growth during the forecast period.

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Transparent Aluminum Market

Global Opportunity Analysis and Industry Forecast, 2022-2031