SELBYVILLE , Delaware, July 3, 2019 /PRNewswire/ -- The transparent ceramics market will exceed a value of USD 1 billion by 2025, rising at a CAGR of 20%, according to a 2019 Global Market Insights, Inc. report. The transparent ceramics exhibit good corrosion resistance, making it suitable to be used in different chemical processes. Polycrystalline transparent ceramics can be mould freely, and they are useful for achieving complex shaped products. Hence, it enables to miniaturize optical lenses with better efficiency in comparison to glass. Increasing product development activities by market participants would help to further improve the product qualities and would augment the transparent ceramics market growth in the coming years.
Superior properties of transparent ceramics have led to substitution of glass in various high-end applications. The product is four times harder and stronger than the conventional glass. As a result, these materials are scratch proof and have a longer life, which make them appropriate for high wear conditions. These ceramics exhibit thermal resistance and can withstand high temperature up to 1,600°C, whereas the melting point of traditional glass is close to 500°C. Hence, transparent ceramics are appropriate to be used in blasting cubicles, dental kiln, transparent ballistic vehicle protection, etc.
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These advanced materials are developed on the basis of requirement, thus leading to an increased product pricing. High prices, lack of technological knowhow, limited current industrial acceptance, and recycling challenges associated with the product may hinder the transparent ceramics market growth over the coming years.
Magnesium aluminate spinel or Mg-spinel is a significant product category which would likely grow at an annual growth rate of more than 23% in the coming years. This is a polycrystalline ceramic which is ideally used for production of high-performance optical components. Mg-spinel is produced by sintering process at high temperature and is available at a price lower than other products, thus promoting the transparent ceramics market demand.
Optoelectronic application segment will reach a market share of approximately 30% in 2025 owing to high usage of transparent in production of LED lighting, optical lenses, laser systems, optical insulators, amplifiers, transmitters, etc. High optical transparency, thermal resistance and strength are some the its features which makes it a better choice for all these optoelectronic devices. The rising trend in the global electronics industry would in turn boost the product sales in the coming years.
Browse key industry insights spread across 285 pages with 453 market data tables & 25 figures & charts from the report, "Transparent Ceramics Market Size By Product (Sapphire, Magnesium Aluminate Spinel [Mg-Spinel], Yttria Alumina Garnet [YAG], Aluminum Oxynitride), By Application (Optoelectronics, Defense & Security, Aerospace & Aviation, Healthcare Equipment), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:
The global transparent ceramics market is led by North America, driven by the U.S. defense and optoelectronics sectors. The region will hold a share of around 45% in 2025 due to the research activities and product developments going on in the region. The U.S. marks the highest military expenditure in the world, and application of such advanced materials in developing modern warfare weapons will drive the regional market over the coming years.
Some of the product manufacturers in the transparent ceramics market are Rubicon Technology, Inc., CeramTech, Surmet Corporation, Coorstek Corporation, Konoshima Chemical, Kyocera, CeraNova Corporation, Crystalwise Technology, Rayotek Scientific, Almatis, Hansol Technics, etc. The players are heavily investing in R&D activities to enhance the quality of transparent ceramics and meet the changing requirements of the end-user industries.
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