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
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 (%)
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%.
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.
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)
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.
- This report provides an extensive analysis of the current trends, future estimations, and dynamics from 2014 to 2022 of the global transparent ceramics market, which assist to identify the prevailing opportunities.
- Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA
- Extensive market analysis predicts the applications that are currently used along with the variants that would gain prominence in the future.
- Detailed analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key players are profiled and their strategies are analyzed thoroughly, which portrays the competitive outlook.
TRANSPARENT CERAMICS MARKET KEY SEGMENTS
- Yttrium Aluminum Garnet (YAG)
- Aluminum Oxynitride Spinel
- Optics & Optoelectronics
- Aerospace, Defense & Security
- Sensors & Instrumentation
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- Rest of LAMEA