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Transparent Ceramics Market by Type, Material, End-User Industry, and Region - Global Forecast to 2022

Transparent Ceramics Market: Global Forecast until 2022

  • June 2017
  • 164 pages
  • ID: 5090299
In this report:
The consumer goods/electronics end-use industry accounted for a share of ##.##% of the transparent ceramics market and is projected to grow at a CAGR of ##.##% between 2017 and 2022.
The energy end-use industry accounted for a share of ##.##% of the transparent ceramics market in 2016, and is projected to grow at a CAGR of ##.##% between 2017 and 2022.

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"The overall transparent ceramics market is estimated to rise at a compound annual growth rate of 21.30 percent between 2017 and 2022"

The transparent ceramics market was estimated at $219.20M in 2016 and is projected to extend $698.10M by 2022, at a compound annual growth rate of 21.30 percent between 2017 and 2022.The industry has witnessed important rise in recent years due to the growing applications of transparent ceramics, increasing demand in the Asia Pacific (APAC) area, and technological improvements. Transparent ceramics are largely used in the optics & optoelectronics; aerospace, defense & security; and sensors & instrumentation end-user markets, according to their superior mechanical properties and high mechanical strength as distinguished to conventional materials, including glass, metal, and plastics. The quick increase of the transparent ceramics market is largely driven by the rise in these end-use sectors.

Nevertheless, the low availability and high cost of specialized raw materials required in the manufacturing process, together with the economic slowdown in Western Europe and the United States affecting the economy of other developed countries, can restrain the increase of this market.

"Polycrystalline transparent ceramics is the second-largest segment of the transparent ceramics market"

Polycrystalline transparent ceramics are being quickly adopted due to their application-specific properties, containing high thermal shock resistance, high temperature strength, chemical corrosion resistance, and erosion resistance and mechanical properties, including high strength, fracture toughness, and impact & scratch resistance. High flexibility, ease in the production of larger shapes, and low cost are the other advantages that have led to the rising adoption of polycrystalline transparent ceramics across different end-user markets.

"Yttrium aluminum garnet is the most important material segment overall transparent ceramics market"

Yttrium aluminum garnet has high thermal and chemical stability and unique homogeneous optical properties. Therefrom, it is primarily used in high-temperature structural materials. The industry demand for YAG-based transparent ceramics is growing across applications, including lasers, medicine, manufacturing, aerospace, defense & security, laser materials, and so on. YAG is considered as an alternative to sapphire as an optical material, due to its high optical transmission, mechanical strength, high thermal conductivity, and uniform index of refraction. The YAG material doesn't show double refraction and hence is suitable for optical systems and durable materials for windows. The emerging applications of YAG contain gas turbine engines, high intensity lamps, cathode ray tube, and lasers.

"Aerospace, defense & security is the second biggest material segment overall transparent ceramics market"

Aerospace, defense & security is the second most important segment consuming transparent ceramics. Owing to their lightweight, fracture toughness, damage tolerance, and high temperature tolerance, transparent ceramics are used widely in several aerospace, defense & security applications. These ceramics are used to manufacture body armor & helmets and vehicle & aircraft armor. The technological advancements in military & defense equipment in the U.S.A and different countries in Asia Pacific (APAC) and EU are forecast to steer the increase of the transparent ceramics market in the aerospace, defense & security end-use market.

"The Asia-Pac was the quickest increasing sector for the overall transparent ceramics market in 2016"

Asia-Pac (APAC) was the biggest market of transparent ceramics in 2016, rise of this regional market is influenced by the increasing demand from electronics and defense sectors in main economies including China and India (IN). APAC is also expected to be the quickest-increasing transparent ceramics market. Asia-Pac recorded for a share of 33.50 percent of the transparent ceramics market in 2016.

Profile break-up of primary participants for the industry report:

• By Company category: Tier 1 - 35 %, Tier 2 - 30.0 percent, Tier 3 - 35.0 percent

• By Description: C-suite - 25.0 percent, D-level - 30.0 percent, Others - 45.0 percent

• By Area: Asia Pacific (APAC) - 45.0 percent, Europe (EU) - 25.0 percent, North America continent - 25.0 percent, RoW - 5.0 percent

*Others includes sales, marketing, and product managers

Moreover, as a part of qualitative analysis, the industry research offers a comprehensive review of the main market drivers, business restraints, alternatives, and opportunities. It also considers competitive landscape approved by various market players, including CoorsTek Inc., Surmet Corporation, Schott AG, and II-VI Optical Systems, CILAS, Brightcrystals Technology Inc., and CeramTec-ETEC GmbH, among others.

Segment Research

The study defines, segments, and projects the overall transparent ceramics market based on type, end-use sector, and area. It offers exhaustive information concerning the main factors influencing the increase of the market, including drivers, industry restraints, possibilities, and market-specific challenges. It also strategically profiles top actors and comprehensively analyzes their share of market and core competencies and tracks and analyzes competitive developments including partnerships, contracts, and joint ventures (JV); mergers & acquisitions; business developments; recent product launches; and analysis & growth activities in the sector.

REASONS TO BUY THE REPORT:

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global transparent ceramics market and the sub-segments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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