CHICAGO, March 2, 2020 /PRNewswire/ -- According to the new market research report "Transparent Ceramics Market by Type (Monocrystalline Transparent Ceramics, Polycrystalline Transparent Ceramics, Others), Material (Sapphire, Spinel), End-User Industry (Optics & Optoelectronics, Mechanical/Chemical), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the Transparent Ceramics Market was valued at USD 219.2 Million in 2016 and is projected to reach USD 698.1 Million by 2022, at a CAGR of 21.3% between 2017 and 2022.
Download PDF Brochure:
Browse in-depth TOC on "Transparent Ceramics Market
"89 – Tables
50 – Figures
162 – Pages
View Detailed Table of Content here:
The growth of the transparent ceramics market is primarily triggered by the increasing use of transparent ceramics in the optics & optoelectronics; aerospace, defense & security; and sensors & instrumentation end-user industries, owing to their superior mechanical properties and high mechanical strength as compared to conventional materials, such as glass, metal, and plastics. The increased miniaturization of electronic devices, equipment, and components and the rise in the need for modernization in environmental engineering are also some of the factors driving the growth of the transparent ceramics market.
Monocrystalline transparent ceramics is the fastest-growing type segment of the global transparent ceramics market in 2016
Monocrystalline transparent ceramics is the largest and the fastest growing segment of the transparent ceramics market, in 2016. Monocrystalline transparent ceramics are ideally suitable for applications that require high optical transparency and mechanical strength. Therefore, these are widely used optoelectronics and aerospace, defense & security applications. Monocrystalline transparent ceramics are increasingly being used in cutting tools and lasers applications, due to their high mechanical strength, high chemical and physical stability, and low absorption in the infrared range.
Request Sample Pages:
Sapphire is the fastest-growing material segment of the global transparent ceramics market in 2016
Sapphire is the fastest-growing segment, projected to register a CAGR of 24.0% during the forecast period. There is a high potential for sapphire across various industry verticals, such as optoelectronics, energy, aerospace, defense, and security, among others. Sapphire (single crystal aluminum oxide) is primarily used where standard glass and technical ceramics cannot meet the high transparency demand of the specific applications. High ultraviolet and infrared optical characteristics and high electrical resistance, dielectric constant, and dielectric strength make sapphire the most widely used material in various applications, such as medical, optoelectronics, lasers, cutting tools, and aerospace, defense & security.
Optics & optoelectronics segment accounted for the largest market share of the global transparent ceramics market in 2016
Optics & optoelectronics segment dominated the global transparent ceramics market in 2016, due to the increasing use of transparent ceramics, owing to their superior mechanical and optical properties. The optics & optoelectronics segment accounted for the largest share of 21.3%, in 2016, of the overall transparent ceramics market. China is expected to be a major market for the optics & optoelectronics transparent ceramics due to low labor cost and potential high demand for transparent ceramics across various emerging applications.
The Asia-Pacific region was the largest market for the global transparent ceramics market in 2016
Asia-Pacific was the largest market of transparent ceramics in 2016, growth of this regional market is driven by the rising demand from electronics and defense industries in major economies such as China and India. Asia-Pacific is also estimated to be the fastest-growing transparent ceramics market. Asia-Pacific accounted for a share of 33.5% of the transparent ceramics market in 2016.
Key players operational in the Transparent Ceramics Market include CoorsTek Inc. (U.S.), Surmet Corporation (U.S.), Schott AG (Germany), and II-VI Optical Systems (U.S.), CILAS (France), Brightcrystals Technology Inc. (China), and CeramTec-ETEC GmbH (Germany), among others.
Get 10% Free Customization on this Report:
Browse Adjacent Markets: Ceramics and Glass Market Research Reports & Consulting
Technical Ceramics Market by Material (Oxide, Non-oxide), Product (Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings), End-Use Industry (Electronics & Semiconductor, Automotive, Energy & Power, Medical, Others), and by Region - Global Forecast to 2021
3D Printing Ceramics Market by Type (Glass, Fused Silica, Quartz), Form (Filament, Powder, & Liquid), End User (Aerospace & Defense, Automotive, Consumer Goods & Electronics, Manufacturing & Construction, Healthcare) - Global Forecast to 2021
Top 10 High Growth Ceramics Market (Transparent Ceramics, Technical Ceramics, 3D Printing Ceramics, Electronics and Electrical Ceramics, Ceramic Textiles, Ceramic Coatings, Bioceramics & Piezoceramics) - Global Forecast to 2021
Advanced Ceramics Market by Material (Titanate, Alumina, Zirconia, Silicon Carbide), Class (Monolithic Ceramics, Ceramic Coatings, Ceramic Matrix Composites), End-Use Industry (Medical, Electrical & Electronics), and Region - Global Forecast to 2021
Thermal Ceramics Market by Type (Ceramic Fibers and Insulation Bricks), End-Use Industry(Mining & Metal Processing, Chemical & Petrochemical, Manufacturing, Power Generation),Temperature Range, and Region - Global Forecast to 2023
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Sanjay Gupta
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/transparent-ceramic-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/transparent-ceramic.asp