Research Nester has released a report titled “Transparent Ceramics Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the global transparent ceramics market in terms of market segmentation by product type, material, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
Transparent ceramics are inorganic and non-metallic polycrystalline materials that have high thermal stability and abrasion resistance. They are used as a replacement for conventional glass and are commonly used for manufacturing infrared domes, armors, and optical fibers, among others.
The market for global transparent ceramics is projected to grow at a significant CAGR over the forecast period, i.e., 2020-2028. This can be attributed to the growing demand for transparent ceramics in varied industries including healthcare, defense, and optics owing to their superior mechanical properties and rising expenditure to upgrade technologies. The market is segmented by product type, material, application, end-user, and by region.
Based on the end-user, the optics & optoelectronics segment is projected to lead the market on account of the rising demand for transparent ceramics to manufacture optical switches, lenses, laser systems, and infrared night vision devices. Similarly, the aerospace, defense & security segment is also anticipated to grow at a significant rate during the forecast period in view of the rising defense and aviation expenditure to produce newly upgraded aircrafts. The healthcare segment is also likely to grow at a fast rate owing to extensive product usage in applications such as radiation detection, medical imaging, and laser treatments.
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Regionally, the global transparent ceramics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Among these regions, Asia-Pacific is anticipated to hold the largest market share during the forecast period owing to the availability of low-cost labor along with abundant raw materials. Other factors include the increasing demand from electronics and defense industries to manufacture aircrafts, domes, and sensors in major economies such as China and India.
Additionally, the North America region is anticipated to register a significant growth in the global transparent ceramics market during the forecast period on account of rising military and defense expenditure owing to the fact that transparent ceramics are widely used as armors, sensors, and ceramic guards in various types of aircrafts.
Rising Demand for Transparent Ceramics to Propel the Growth of the Global Market
The market for transparent ceramics is expected to witness a major growth on the back of increasing demand for transparent ceramics in various industries including aviation, defense, healthcare, and optics, among others. Further, the rising need to modernize the technologies coupled with the superior mechanical properties of the transparent ceramics are some of the factors expected to drive the growth of the global transparent ceramics market. However, despite the rising demand for transparent ceramics there are certain limitations which are estimated to hamper the growth of the global transparent ceramics market. For instance, the large-scale usage of transparent ceramics can cause severe skin-related problems among individuals. Additionally, the high price of transparent ceramics coupled with the recycling challenges involved with sapphire and other transparent ceramics are some of the factors anticipated to limit the growth of the global transparent ceramics market.
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The market also provides the existing competitive scenario of some of the key players of the global transparent ceramics market, which includes company profiling of Murata Manufacturing Co. Ltd. (TYO: 6981), Saint-Gobain (EPA: SGO), Ceranova, CeramTec GmbH, CoorsTek KK, Konoshima Chemicals Co., Ltd. (TYO: 4026), Surmet Corporation, SCHOTT AG, and American Elements. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global transparent ceramics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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