Transparent Ceramics Market Is Expected To Grow At A CAGR Of 22.4% Between 2013 To 2024: Grand View Research, Inc.

Posted on 2018-08-02 by researchinsights in Aerospace, Chemicals, Consumer Services, Energy, Healthcare // 0 Comments

The global transparent ceramics market size is expected to reach USD 1.1 billion by 2024, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 22.4% over the forecast period. Rising demand for optic and optoelectronics is anticipated to fuel the market demand over the forecast period.

Transparent ceramics are defined as inorganic, non-metallic polycrystalline materials that transmit light with wavelengths in the visible electromagnetic spectrum. These inorganic, non-metallic, polycrystalline materials are characterized by light transmission in visible as well as ultraviolet to infrared range of electromagnetic spectrum.

Applications of transparent ceramics include glass, tubes, automobile windshields, electronic gadget displays, sunglasses, and missile domes. The market for transparent ceramics has been segmented into various types according to its application such as optics and opto-electronics, aerospace and defense, healthcare, mechanical/chemical, and other industries.

The market demand is majorly supplemented by rising defense expenditure to implement superior technology and material. Aerospace, defense and security accounted for 22.3% market share in 2015. Increasing in expenditure for new innovations is expected to propel the growth of this industry.

Global market for transparent ceramics is presumed to grow over the next nine years on account of rising demand from numerous end-use industries. The product is used as an alternative to conventional glass technologies in numerous functions such as infrared domes, lasers, armors, and optical fibers. Product segment sapphire held 73% revenue share of the global market in 2015.

To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/transparent-ceramics-market

Further key findings from the study suggest:

Optics and optoelectronics was the largest application segment accounting for USD 61.02 million in 2015
Other applications of transparent ceramics include lighting and display, equipment and machinery, food, agriculture, semiconductors, and transportation
Monocrystalline transparent ceramics are majorly used in ceramic brackets in dental applications and held 95.2% of the global market
Asia Pacific emerged as the largest regional market accounting for almost half of the global volume in 2015
Key players in transparent ceramics market include ETEC, Surmet Corporation, Koito Manufacturing, and Murata Manufacturing Co. Ltd.

Related Report of Advanced Materials:

Grand View Research has segmented the global transparent ceramics market on the basis of material, product, end-use, and region:

Transparent Ceramics Material Outlook (Revenue, USD Million, 2013 – 2024)

Sapphire
Yttrium Aluminum Garnet
Aluminum Oxynitride
Spinel
Others

Transparent Ceramics Product Outlook (Revenue, USD Million, 2013 – 2024)

Monocrystalline
Polycrystalline
Others

Transparent Ceramics Application Outlook (Revenue, USD Million, 2013 – 2024)

Optics & Optoelectronics
Aerospace, Defense & Security
Mechanical/Chemical
Sensors & Instrumentation
Healthcare
Consumer
Energy
Others

Transparent Ceramics Regional Outlook (Revenue, USD Million, 2013 – 2024)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- Italy
Asia Pacific
- China
- Japan
- India
Latin America
- Brazil
- Chile
Middle East & Africa

Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-transparent-ceramics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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