Emerging Trends for Worldwide Transparent Ceramics Industry Market (2019-2026): Business Strategy, Opportunity, Segmentation, Competitive Landscape and Regional Analysis
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2019 to 2026
It is estimated that the CAGR (Compounded Annual Growth Rate) of the world market in the forecast period will reach 23.7%, and the total market value is expected to reach USD 1,206 million in 2026 from USD 272 million in 2019.
Transparent ceramics are defined as inorganic, non-metallic polycrystalline materials that transmit light with wavelengths in the visible electromagnetic spectrum. Transparent ceramics are products that are majorly used in commercial and military applications including infrared transparent materials for missile domes and windows, scintillators for medical diagnostics.
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Key players in the Transparent Ceramics market include CoorsTek, CeramTec ETEC, Surmet Corporation, II-VI Optical Systems, Konoshima Chemicals, CeraNova, Bright Crystals Technology, Shanghai SICCAS, etc.
Market Driver and Restraint
The growth of the transparent ceramics market is primarily triggered by the increasing use of transparent ceramics in the optics & optoelectronics. In addition, the increased miniaturization of electronic devices, equipment, and components and the rise in the need for modernization in environmental engineering are also propelling the growth of the transparent ceramics market.
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Forecast by Geography
In 2018, the global transparent ceramics market was mainly concentrated in the threeregions of Asia-Pacific, North America and Europe, with the market share of 45.33%, 25.46% and 24.33% respectively, accounting for a total of 95.12%. The Asia-Pacific region dominated the transparent ceramics market, which is mainly driven by growing aviation sector. As high government spending on infrastructure sector and rising demand for industrial, transportation, and commercial facilities, Asia-Pacific is projected to witness tremendous growth over the forecast period.
Type Segment Analysis
The various product types are ALON Transparent Ceramics, Sapphire Transparent Ceramics, Yttria Transparent Ceramics, Spinel Transparent Ceramics, YAG Transparent Ceramics, and Other.
Application Segment Analysis
The Transparent Ceramics is deployed in various end users: Transparent Armor, Domes and Windows, Sensors & Instrumentation, Other (Lighting, Lens, etc.).
Ask for a discount at:
• Transparent ceramics manufacturers
• Raw material suppliers of transparent ceramics
• Distributors and resellers of transparent ceramics
• Transparent ceramics industry associations
• Product managers, transparent ceramics industry administrator, C-level executives of the industries
• Market Research and consulting firms
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