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. 

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. 

[REGIONGRAPH]

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.  

[MATERIALGRAPH]

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.

[ENDUSEINDUSTRYGRAPH]

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.

 Key Market Segments

• By Material
  • Aluminum
  • Oxygen
  • Nitrogen
• By End use industry
  • building & construction
  • Healthcare
  • Defense
  • Others
• 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

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

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope

3.1.1.Top investment pockets

3.2.Porter’s five forces analysis
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Robust uses of optical lenses in electronics gadgets
3.3.1.2.Surge in demand for transparent aluminum in defense industry

3.3.2.Restraint

3.3.2.1.High production cost is expected to hamper the market

3.3.3.Challenges

3.3.3.1.Availability of alternative substitute

3.3.4.Opportunity

3.3.4.1.Increasing demand for transparent aluminum from the building and construction

3.4.Value chain analysis
3.5.Impact of COVID-19 on the global transparent aluminum market
3.6.Patent analysis, 2013–2022

CHAPTER 4:TRANSPARENT ALUMINUM MARKET, BY MATERIAL

4.1.Overview

4.1.1.Market size and forecast, by material

4.2.Aluminum

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region

4.3.Oxygen

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region

4.4.Nitrogen

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region

CHAPTER 5:TRANSPARENT ALUMINUM MARKET, BY END-USER INDUSTRY

5.1.Overview

5.1.1.Market size and forecast

5.2.Building and Construction

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region

1.1Healthcare

1.1.1Key market trends, growth factors, and opportunities
5.2.3.Market size and forecast, by region

5.3.Defense

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region

5.4.Others

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region

CHAPTER 6:TRANSPARENT ALUMINUM MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by material
6.2.3.Market size and forecast, by end use industry

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by material
6.3.3.Market size and forecast, by end use industry

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by material
6.4.3.Market size and forecast, by end use industry

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by material
6.5.3.Market size and forecast, by end use industry

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market player positioning, 2022

7.2.Product mapping of top 10 player
7.3.Competitive heatmap

CHAPTER 8:COMPANY PROFILES

10.1.COORSTEK INC 

10.1.1.Company overview
10.1.2.Company snapshot
10.1.3.Operating business segments
10.1.4.Product portfolio

10.2.Saint Gobain

10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Operating business segments
10.2.4.Product portfolio
10.2.5.Business performance

10.3.SURMET CORPORATION.

10.3.1.Company overview
10.3.2.Company snapshot
10.3.3.Product portfolio

10.4.CERANOVA 

10.4.1.Company overview
10.4.2.Company snapshot
10.4.3.Product portfolio

10.5.MURATA MANUFACTURING CO., LTD.

10.5.1.Company overview
10.5.2.Company snapshot
10.2.3.Operating business segments
10.5.4.Product portfolio
10.2.5.Business performance
Source: Corporate Publications and AMR Analysis

10.6.AMERICAN ELEMENTS 

10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Product portfolio

10.7.INNOVACERA 

10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Product portfolio

10.8.CERAMTEC GMBH 

10.8.1.Company overview
10.8.2.Company snapshot
10.8.3.Operating business segments
10.8.4.Product portfolio
10.8.5.Business performance

10.9.POLYCRYSTAL DESIGN GMBH 

10.9.1.Company overview
10.9.2.Company snapshot
10.9.3.Product portfolio

10.10.KYOCERA FINECERAMICS EUROPE GMBH

10.10.1.Company overview
10.10.2.Company snapshot
10.10.3.Product portfolio

LIST OF TABLES

TABLE 01.TRANSPARENT ALUMINUM MARKET, BY MATERIAL, 2022-2031($MILLION)
TABLE 02.TRANSPARENT ALUMINUM MARKET FOR ALUMINUM, BY REGION, 2022-2031($MILLION)
TABLE 03.TRANSPARENT ALUMINUM MARKET FOR OXYGEN, BY REGION, 2022-2031($MILLION)
TABLE 04.TRANSPARENT ALUMINUM MARKET FOR NITROGEN, BY REGION, 2022-2031($MILLION)
TABLE 05.TRANSPARENT ALUMINUM MARKET, BY END USE INDUSTRY, 2022-2031($MILLION)
TABLE 06.TRANSPARENT ALUMINUM MARKET FOR BUILDING & CONSTRUCTION, BY REGION, 2022-2031($MILLION)
TABLE 07.TRANSPARENT ALUMINUM MARKET FOR HEALTHCARE, BY REGION, 2022-2031($MILLION)
TABLE 08.TRANSPARENT ALUMINUM MARKET FOR DEFENSE, BY REGION, 2022-2031($MILLION)
TABLE 09.TRANSPARENT ALUMINUM MARKET FOR OTHERS, BY REGION, 2022-2031($MILLION)
TABLE 10.TRANSPARENT ALUMINUM MARKET, BY REGION, 2022-2031($MILLION)
TABLE 11.NORTH AMERICA TRANSPARENT ALUMINUM MARKET, BY MATERIAL, 2022-2031($MILLION)
TABLE 12.NORTH AMERICA TRANSPARENT ALUMINUM MARKET, BY END USE INDUSTRY, 2022-2031($MILLION)
TABLE 13.EUROPE TRANSPARENT ALUMINUM MARKET, BY MATERIAL, 2022-2031($MILLION)
TABLE 14.EUROPE TRANSPARENT ALUMINUM MARKET, BY END USE INDUSTRY, 2022-2031($MILLION)
TABLE 15.ASIA-PACIFIC TRANSPARENT ALUMINUM MARKET, BY MATERIAL, 2022-2031($MILLION)
TABLE 16.ASIA-PACIFIC TRANSPARENT ALUMINUM MARKET, BY END USE INDUSTRY, 2022-2031($MILLION)
TABLE 17.LAMEA TRANSPARENT ALUMINUM MARKET, BY MATERIAL, 2022-2031($MILLION)
TABLE 18.LAMEA TRANSPARENT ALUMINUM MARKET, BY END USE INDUSTRY, 2022-2031($MILLION)
TABLE 19. COORSTEK INC: COMPANY SNAPSHOT
TABLE 20. COORSTEK INC: PRODUCT PORTFOLIO
TABLE 21. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 22. SAINT GOBAIN: COMPANY SNAPSHOT
TABLE 23. SAINT GOBAIN: OPERATING SEGMENTS
TABLE 24. SAINT GOBAIN: PRODUCT PORTFOLIO
TABLE 25. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 26.SURMET CORPORATION: COMPANY SNAPSHOT
TABLE 27. SURMET CORPORATION: PRODUCT PORTFOLIO
TABLE 28.CERANOVA: COMPANY SNAPSHOT
TABLE 29. CERANOVA: PRODUCT PORTFOLIO
TABLE 30. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 31. MURATA MANUFACTURING CO., LTD.: COMPANY SNAPSHOT
TABLE 32. MURATA MANUFACTURING CO., LTD.: OPERATING SEGMENTS
TABLE 33. MURATA MANUFACTURING CO., LTD.: PRODUCT PORTFOLIO
TABLE 34. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 35.AMERICAN ELEMENT: COMPANY SNAPSHOT
TABLE 36. AMERICAN ELEMENT: PRODUCT PORTFOLIO
TABLE 37.INNOVACERA: COMPANY SNAPSHOT
TABLE 38. INNOVACERA: PRODUCT PORTFOLIO
TABLE 39.  OVERALL FINANCIAL STATUS ($MILLION)
TABLE 40. CERAMTEC GMBH.: COMPANY SNAPSHOT
TABLE 41. CERAMTEC GMBH.: OPERATING SEGMENTS
TABLE 42. CERAMTEC GMBH.: PRODUCT PORTFOLIO
TABLE 43. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 44. POLYCRYSTAL DESIGN GMBH: COMPANY SNAPSHOT
TABLE 45. POLYCRYSTAL DESIGN GMBH: PRODUCT PORTFOLIO
TABLE 46. KYOCERA FINECERAMICS EUROPE GMBH: COMPANY SNAPSHOT
TABLE 47. KYOCERA FINECERAMICS EUROPE GMBH: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.TRANSPARENT ALUMINUM MARKET SNAPSHOT
FIGURE 02.TRANSPARENT ALUMINUM MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS
FIGURE 04.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.HIGH COMPETITIVE RIVALRY
FIGURE 09.TRANSPARENT ALUMINUM MARKET DYNAMICS
FIGURE 10.VALUE CHAIN ANALYSIS
FIGURE 11.PATENT ANALYSIS, BY COUNTRY, 2022
FIGURE 12.PATENT ANALYSIS, BY APPLICANT, 2022
FIGURE 13.PATENT ANALYSIS, BY PUBLICATION DATE, 2013–2022
FIGURE 14.TRANSPARENT ALUMINUM MARKET, BY MATERIAL, 2022 AND 2031($MILLION)
FIGURE 15.TRANSPARENT ALUMINUM MARKET, BY END USE INDUSTRY, 2022 AND 2031($MILLION)
FIGURE 16.TRANSPARENT ALUMINUM MARKET, BY REGION, 2022 AND 2031($MILLION)
FIGURE 17.MARKET PLAYER POSITIONING, 2022
FIGURE 18.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 19.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 20.SAINT GOBAIN: REVENUE, 2020–2022 ($MILLION)
FIGURE 21.SAINT GOBAIN: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 22.CeramTec GmbH: REVENUE, 2020–2022 ($MILLION)
FIGURE 23.CeramTec GmbH: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 24.CeramTec GmbH: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 25.Murata Manufacturing Co., Ltd: REVENUE, 2020–2022 ($MILLION)
FIGURE 26.Murata Manufacturing Co., Ltd.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 27.Murata Manufacturing Co., Ltd.: REVENUE SHARE BY REGION, 2021 (%)