A recent report published by Infinium Global Research on
transparent ceramics market provides an in-depth analysis of segments and
sub-segments in global as well as regional transparent ceramics market. The
study also highlights the impact of drivers, restraints and macro indicators on
the global and regional transparent ceramics market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global transparent ceramics market. According to
report, the global transparent ceramics market is projected to grow at a
CAGR of 21.3% over the forecast period of 2018-2024.
The transparent ceramic is the
new advanced material used in the various end-use industries including
Optoelectronics and optics, sensors & Instrumentation, Chemical, Aerospace
and others due to it's extraordinary mechanical, chemical, thermal and optical
properties. The transparent ceramics have a good thermal resistance so they are
harder and stronger than glass or resin.
Rapidly growing optical and
optoelectronics applications of transparent ceramics drive the growth of
transparent ceramics market worldwide. The transparent ceramics is the best a suitable substitute for the glass, metal and the plastics as they offer high
strength, resistance, and other properties as compared to glass, metal, and plastic.
In addition, the growing investment in the advanced materials and technologies among
the defense, aerospace and other sectors are likely to boost the growth of
transparent ceramics market. However, the high cost of transparent ceramics is
hampering the growth of transparent ceramics market. The ongoing advancements
in the nanotechnology are expected to contribute to the growth of transparent
ceramics market over the forecast period.
Moreover, major companies are
focusing on the research and developments in the transparent ceramics market as
the demand for advanced and high-performance material is increasing from the
aerospace sector. The aerospace required the material with light in weight,
high tensile strength, biocompatibility, durability, high friction resistance, and other properties so they prefer transparent ceramic materials. The rising
investments in the transparent ceramic market from the aerospace sector is
projected to create several opportunities in this market.
Among the geographies, the Asia-Pacific is the largest and the fastest growing region in the transparent
ceramics market. The growing uses of transparent ceramics in the military applications
such as aircraft, transparent armors, IR windows, laser windows, military
aircraft lenses, and others are driving the growth of transparent ceramics
market in the Asia-Pacific region. The growing defense and military expenditure in
the emerging countries likely to boost the transparent ceramics market in the Asia-Pacific region.
The report on global transparent ceramics market covers
segments such as type and end use industry. On the basis of type, the global transparent ceramics market is
categorized into monocrystalline transparent ceramics, polycrystalline
transparent ceramics and others. On the basis of end use industry the global
transparent ceramics market is categorized into optoelectronics and
optics, sensors & instrumentation, chemical, aerospace, defense &
security, healthcare, and others.
The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience growth at a CAGR of x.x% over the period of
2018-2024.
The report provides profiles of the companies in the global
transparent ceramics market such as CeramTec, SCHOTT, CoorsTek, Surmet
Corporation, Brightcrystals, Eurokera, Nanocerox, II-VI Optical Systems and
Saint-Gobain.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global transparent
ceramics market. Moreover, IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of transparent
ceramics market. Moreover, the study highlights current market trends and
provides forecast from 2018-2024. We also have highlighted future trends in the
transparent ceramics market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the transparent ceramics market to
understand the present and future trends in this market and formulate their
strategies accordingly.
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