MA_171866
|
Pages: 230
|
Feb 2017 | 2530 Views
|
|
|
Author(s) :
Ashmita Roy
|
Tables: 75
|
Charts: 55
|
Formats*: |
|
The global transparent ceramics market size was valued at $246 million in 2015, and is expected to grow at a CAGR of 17.4% to reach $729 million by 2022. Transparent ceramics are inorganic solid materials that allow transmission of desired wavelength through them. Owing to this optical property, they are used in scintillators, optical components, solid-state lasers, and nonlinear optics.
The global transparent ceramics market is segmented based on type, material, application, and geography. Based on type of transparent ceramics, the market is bifurcated into monocrystalline transparent ceramics and polycrystalline transparent ceramics. Material-based classification includes sapphire, yttrium aluminum garnet, spinel, and aluminum oxynitride. By application, the market is divided into optics & optoelectronics, aerospace, defense & security, mechanical/chemical, sensors & instrumentation, healthcare, consumer goods, and energy. Monocrystalline transparent ceramics are widely used in radiation detection, particle detection, X-ray devices used for security reasons, gas exploration, optics, and electronics, as they are single crystals of a characteristic crystal lattice, which are free from surface defects and internal pore irregularities.
Transparent Ceramics Market Segmentation
Get more information on this report : Request Sample Pages
Top winning strategies
Leading players in the global transparent ceramics industry have adopted product launch, acquisition, and expansion strategies to gain an additional market share. These key strategies are gathered from press releases, annual reports of market players, and primary calls made to industry experts. Market players profiled in this report are transparent ceramics manufactures and distributors.
TRANSPARENT CERAMICS MARKET: TOP WINNING STRATEGIES, 2012-2016 (%)
Get more information on this report : Request Sample Pages
This pie chart represents the percentage split of the strategies adopted by key market players. Acquisition and product launch accounted for 52% and 29%, respectively, of all strategies adopted, while expansion is the third topmost strategy, accounting for 19%.
Segment review
Sapphire possesses maximum market potential for growth in this market, as it is a hard, durable, and scratch-resistant material with transmission range from UV to IR wavelengths. It is an extremely promising transparent ceramic in the electronics industry as it is extremely hard and offers superior mechanical properties. It is more preferred over other transparent ceramics material owing to its ease of manufacturing and scalability of production along with customizability of shape.
Various key players in the transparent ceramics industry have expanded their manufacturing units to acquire larger market share. For example, Schott AG in 2015 expanded its production capacity of pharmaceutical packaging plant in Suzhou, China. This expansion is estimated to be complete by 2017, and Schott AG invested EUR 30 million to increase its market share in the Asian pharmaceutical market.
LAMEA review
Brazil is an active market for transparent ceramics operating in the LAMEA region. Brazil and Venezuela jointly accounted for 70% of the production of ceramics in Latin America, followed by Argentina with 14% share. The market in Latin America is driven by abundance of raw materials, development of ports to ease out transportation, increase in number of educating population, and availability of state-of-the-art production facilities.
BRAZIL TRANSPARENT CERAMICS MARKET, 2014-2022 ($MILLION)
Get more information on this report : Request Sample Pages
Key players profiled in the report include Ceranova Corporation, Surmet Corporation, Brightcrystals Technology Inc., Konoshima Chemicals Co., Ltd., Ceramtec ETEC, Murata Manufacturing Co. Ltd., Coorstek Inc., and Schott AG.
Other key players (not profiled in report) in the value chain include General Electric, IBD Deisenroth Engineering, and Koito Manufacturing.
KEY BENEFITS
Transparent ceramics have recently gained popularity owing to their widespread use in ballistic missiles, armors, night vision devices, household goods, and energy sector. Factors such as increase in expenditure of defense sector on advanced materials and technologies, advancements in nanotechnology, custom demands from the end user in consumer and household goods drive the growth of the transparent ceramics market.
Transparent ceramic materials in optics & optoelectronics are mainly used because of their high transmission of incident light and better mechanical properties than traditionally used glass. Spinel and ALON are used to develop night vision goggles and in IR-optics such as domes, lenses, and sensor windows. Barcode reader windows and readers also make use of transparent materials during their manufacture. Envelopes made from transparent ceramic materials are replacing standard glass in electric discharge lamps owing to their heat- and corrosion-resistant advantages. The demand for transparent ceramics is on a continuous rise as military and law enforcement agencies are investing heavily in developing night vision goggles and thermal cameras that use transparent ceramics, which makes it possible to locate an object in utmost darkness.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high level data integrity, accurate analysis and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.