Transparent ceramics are a visually transparent category of ceramics. Transparent ceramics are crystal-like and glassy in nature. These ceramics are used as optically transparent materials in different forms. They are derivatives obtained from silica-based glass through crystallization. Transparent ceramics are used as a substitute to conventional glass. New product launches and acquisitions are some of the key strategies adopted by the market players to achieve a competitive edge in the transparent ceramics market.
Increasing demand from optoelectronic segment is a major driver for the transparent ceramics market. The high production cost associated with transparent ceramics prove to be a stumbling block for the growth of the transparent ceramics market. High prices of raw materials such as sapphire lead to an increase in cost of transparent ceramics, thus elevating the prices of end products. As a result, industries prefer to use cheaper substitutes.
Top Key Players in Transparent Ceramics market: CoorsTek, Inc., (U.S.), Schott, AG, (Germany), Surmet, Corporation, (U.S.), II-VI, Optical, Systems, (U.S.), Brightcrystals, Technology, Inc., (China), CILAS, (France), and, CeramTec-ETEC, GmbH, (Germany), among, others, who, have, adopted, various, strategies, to, increase, their, market, shares.
The scope of the Report:
The report segments the global Transparent Ceramics Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Transparent Ceramics Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Regional Analysis:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Transparent Ceramics market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Monocrystalline transparent ceramics is the largest market segment for transparent ceramics due to its excellent optical transparency and mechanical strength. Owing to these properties, they are widely used in optoelectronics and aerospace, defense & security applications. They are also used as insulators. Sapphire, due to its high transparency properties, is used instead of standard glass to meet the high transparency demands in specific applications.
Market Outlook
- Asia Pacific is a major market for transparent ceramics due to low labor cost and high demand for transparent ceramics across numerous applications. The rising demand from electronics and defense industries in major economies such as China and India drives the market growth in this region. Asia Pacific is also estimated to be the fastest-growing market for transparent ceramics. The region offers potential opportunity due to its strong customer base, strong manufacturing base, and governmental regulations that favor foreign investments, leading to market growth in the emerging countries. The strong electronic market in the region further creates growth opportunities for transparent ceramics over the forecast period
- Availability of capital for technological advancements in the aviation & defense sector in the Middle East, is expected to drive market growth in this region. The Africa market is projected to witness growth over the forecast period owing to the presence of numerous untapped markets in the region, which attracts manufacturers to highly invest in it
Key Developments
- For instance, in December 2014, CoorsTek, Inc. acquired Covalent Materials Corporation, a Japan based engineered ceramics manufacturer. This acquisition has helped CoorsTek, Inc. to increase customer base and overall market presence in Asian market.
- For instance, in May 2015, CeramTec acquired DAI Ceramics Inc., a American based ceramic manufacturer. DAI Ceramics provides ceramics to the gas turbine components and medical engineering applications. This acquisition has helped CeramTec to strengthen its presence in American market.
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