Report Description
Transparent Ceramics Market Outlook 2031:
The global transparent ceramics market size was valued at USD 698.10 Million in 2022 and is projected to reach USD 3.96 Billion by 2031, expanding at a CAGR of 21.3% during the forecast period 2023 - 2031. The growth of the market is attributed to rising demand for optic and optoelectronics.
Transparent ceramics are optical materials that have a higher thermal resistance than resin or glass. They can be molded into any shape and produce more efficiently than a single crystal. Transparent ceramics products are used in military and commercial applications, such as scintillators for medical diagnostics and infrared transparent materials for missiles.
Transparent Ceramics Market Trends, Drivers, Restraints, and Opportunities
- Rising demand for high quality products in the construction industry is expected to drive the market growth.
- Increasing spending of the defense industry on advanced materials and technologies and growing demand for transparent ceramics in industrial applications are anticipated to spur the growth of the market.
- Growing use of transparent ceramics due to high thermal properties in the transportation and commercial facilities is expected to fuel the market growth.
- High cost of transparent ceramics as well as their non-recyclable and non-repairable nature are major restraints of the market.
- Advancements in the nanotechnology industry is anticipated to open up new opportunities for the transparent ceramics market.
Scope of the Transparent Ceramics Market Report
The report on the global transparent ceramics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Transparent Ceramics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Structures (Crystalline and Non-crystalline), Materials (Sapphire, Yttrium Aluminum Garnet (YAG), Aluminum Oxynitride, Yttria-stabilized Zirconia (YSZ), Spinel, and Other Materials), and Applications (Aerospace and Defense, Mechanical and Chemical, Healthcare, Consumer Goods, Energy, and Other Applications)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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CeramTec, Koninklijke Philips NV, CoorsTek KK, and General Electric, Saint-Gobain Group
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Transparent Ceramics Market Segment Insights:
Non-crystalline segment to exhibit a substantial CAGR
Based on structures, the market is bifurcated into crystalline and non-crystalline. The crystalline segment to account a considerable market share in the coming years. On the other hand, the non-crystalline segment to grow at a substantial rate during the forecast period.
Sapphire segment to hold a major market share
Based on materials, the global transparent ceramics market is segregated into sapphire, yttrium aluminum garnet (YAG), aluminum oxynitride, yttria-stabilized zirconia (YSZ), spinel, and other materials. The sapphire segment to account for a large market share owing to its characteristics such as hardness, durability, and scratch-resistance.
It is preferred over other transparent ceramics materials due to its ease of manufacturing, scalability of production, and shape customization. Its properties such as abrasion resistance, high operating temperature, and high strength have made it a preferred ceramic material in the aerospace sector, including advanced optical domes, transparent armor, and conformal optical windows.
Aerospace and defense segment to expand at a high CAGR
On the basis of applications, the transparent ceramics market is divided into aerospace and defense, mechanical and chemical, healthcare, consumer goods, energy, and other applications. Transparent ceramics are currently widely used in aircraft applications and military vehicles. These ceramics are preferred for use in the defense and security sectors due to properties such as high strength, stiffness and chemical and heat resistance.
Transparent ceramics are lighter than most metals and can withstand temperatures significantly higher than high-grade technical plastics. Thermal protection systems in rocket exhaust cones, insulating tiles for the space shuttle, missile nose cones, and engine components are among the structural ceramic applications.
Asia Pacific to account a significant market share
In terms of regions, the global transparent ceramics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Rising spend on defense in the wake of rising terrorism among emerging countries such as India and China is driving the growth of the market in the region.
Furthermore, increasing security threats are expected to increase national defense spending, which can have a positive impact on the market during the forecast period. For instance, the Government of India announced an increase of more than USD 30 billion spend in its interim budget for fiscal year 2019-2020.
Additionally, the country has planned to manufacture 200 helicopters with assistance of Russia in order to strengthen and diversify their strategic ties. As a result of rising demand and government initiatives in various sectors throughout the region, demand for transparent ceramics is estimated to boost the growth of the regional market growth.
Segments
The global transparent ceramics market is segmented on the basis of
Structures
- Crystalline
- Non-crystalline
Materials
- Sapphire
- Yttrium Aluminum Garnet (YAG)
- Aluminum Oxynitride
- Yttria-stabilized Zirconia (YSZ)
- Spinel
- Other Materials
Applications
- Aerospace and Defense
- Mechanical and Chemical
- Healthcare
- Consumer Goods
- Energy
- Other Applications
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
The major players in the transparent ceramics market include CeramTec, Koninklijke Philips NV, CoorsTek KK, and General Electric, Saint-Gobain Group.
Companies are engaging in mergers, acquisitions, and partnerships to expand their market share.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Transparent Ceramics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Transparent Ceramics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Transparent Ceramics Market - Supply Chain
4.5. Global Transparent Ceramics Market Forecast
4.5.1. Transparent Ceramics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Transparent Ceramics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Transparent Ceramics Market Absolute $ Opportunity
5. Global Transparent Ceramics Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Transparent Ceramics Market Size and Volume Forecast by Applications
5.3.1. Aerospace and Defense
Mechanical and Chemical
Healthcare
Consumer Goods
Energy
Other Applications
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Transparent Ceramics Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Transparent Ceramics Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Transparent Ceramics Demand Share Forecast, 2019-2026
7. North America Transparent Ceramics Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Transparent Ceramics Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Transparent Ceramics Market Size and Volume Forecast by Applications
7.4.1. Aerospace and Defense
Mechanical and Chemical
Healthcare
Consumer Goods
Energy
Other Applications
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Transparent Ceramics Demand Share Forecast, 2019-2026
8. Latin America Transparent Ceramics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Transparent Ceramics Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Transparent Ceramics Market Size and Volume Forecast by Applications
8.4.1. Aerospace and Defense
Mechanical and Chemical
Healthcare
Consumer Goods
Energy
Other Applications
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Transparent Ceramics Demand Share Forecast, 2019-2026
9. Europe Transparent Ceramics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Transparent Ceramics Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Transparent Ceramics Market Size and Volume Forecast by Applications
9.4.1. Aerospace and Defense
Mechanical and Chemical
Healthcare
Consumer Goods
Energy
Other Applications
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Transparent Ceramics Demand Share Forecast, 2019-2026
10. Asia Pacific Transparent Ceramics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Transparent Ceramics Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Transparent Ceramics Market Size and Volume Forecast by Applications
10.4.1. Aerospace and Defense
Mechanical and Chemical
Healthcare
Consumer Goods
Energy
Other Applications
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Transparent Ceramics Demand Share Forecast, 2019-2026
11. Middle East & Africa Transparent Ceramics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Transparent Ceramics Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Transparent Ceramics Market Size and Volume Forecast by Applications
11.4.1. Aerospace and Defense
Mechanical and Chemical
Healthcare
Consumer Goods
Energy
Other Applications
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Transparent Ceramics Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Transparent Ceramics Market: Market Share Analysis
12.2. Transparent Ceramics Distributors and Customers
12.3. Transparent Ceramics Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. CeramTec
Koninklijke Philips NV
CoorsTek KK
General Electric
Saint-Gobain Group