Transparent Ceramics Market Update, Analysis, Forecast, 2019 – 2025
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.
Transparent Ceramics Market
size will likely surpass USD 1 billion by 2025; according to a new research
report by Global Market Insights, Inc. The 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.
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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.
The products also exhibit good
corrosion resistance, making it suitable to be used in different chemical
processes. Polycrystalline transparent ceramics can be mold freely, and they
are useful for achieving complex shaped products. Hence, its 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.
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.
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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.
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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.
About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Transparent Ceramics Market Update, Analysis, Forecast, 2019 – 2025
Reviewed by snehal
on
July 09, 2019
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