The aerospace industry has been witnessing significant growth in the past few years, as a number of countries are increasingly investing for the procurement of defense aircrafts. In addition to this, as the disposable income of people is growing, they are spending more on luxury and business travel. Furthermore, these people are opting for air travel, attributed to which, the demand for commercial aircrafts is growing as well. For example, the Boeing Company received 893 airplane orders in January 2019, which was a rise from 806 orders in 2018. Since aircraft components are critical in nature, they are produced using enhanced materials which can aid in maintaining the integrity of structures.
As transparent ceramics are widely utilized in the aerospace industry, their demand is on the rise as well. Initially, transparent ceramics were developed for replacing single crystals due to their simple processing route, high yield productivity, variability in composition, and shape control. One of the major properties of transparent ceramics is optical transparency. In order to achieve this, ceramics need to have crystal structures that are highly symmetrical, which is why most of these ceramics have cubic structures.Because of the wide applications of these ceramics, the global transparent ceramics market is predicted to advance at a considerable rate in the near future.
Optical transparency of these ceramics is determined by their density and purity. In addition to this, transparent ceramics need to possess specific mechanical properties for some application, including composite armor and window materials, which is why nanocomposite and nanosized ceramics are also gaining wide popularity these days. To sum it up, these polycrystalline materials are stronger, harder, have certain light emittance, and are more resistant to corrosion as compared to glass and optical resin materials. Different transparent ceramic materials are sapphire, aluminum oxynitride, and spinel.
Other than aerospace & defense industry, transparent ceramics also find applications in medical, energy, and electric & electronics industries. The aerospace & defense industry is expected to create a significant demand for these materials in the coming years, which is due to the high-volume utilization of transparent ceramics in innovative optical domes, transparent armor, and windows for aircraft. Moreover, the growing aircraft production in Brazil and the U.S. is predicted to drive the demand for transparent ceramics in the near future.
When geography is taken into consideration, the Asia-Pacific (APAC) region is projected to emerge as a major transparent ceramics market in the coming years. this is because of the increasing expenditure in the defense sector by governments of different countries in the region, in order to take care of increasing number of security threats. For example, the Indian government allotted $66.9 million (INR 4,71,378 crore) to the defense sector in February 2020, for the fiscal year 2020–2021, which is considerable hike from the allotment of $44.5 billion (INR 3,18,000 crore) for the fiscal year 2019–2020.
Transparent Ceramics Market: Key HighlightsThe global transparent ceramics market was valued at ~ US$ 275 Mn in 2018, and is anticipated to expand at a CAGR of ~ 22% during the forecast period.The global transparent ceramics market is driven by the rise in the demand for electrical & electronics (E) and sensors & instrumentation applications.Asia Pacific accounts for a prominent share of the global transparent ceramics market, led by an increase in the demand for electric, electronic, and healthcare products in the region.
It possesses exceptional optical properties such as high ultraviolet and infrared optical characteristics, high resistance to wear and scratches, high thermal conductivity, and high co-efficiency of linear expansion.Single-crystal aluminum oxide is an excellent ceramic oxide with a wide range of applications, including adsorbents, catalysts, microelectronics, chemicals, etc.
Transparent ceramics are generally used in all major applications such as optics, aerospace, spacecraft, chemical, mechanical, and consumer products.The high cost of transparent ceramics is likely to restrain the market in the near future.
Additionally, growth of the military & defense sector in Asia Pacific led by the rise in government investments in the sector fuels the transparent ceramics market in the region.China accounts for a substantial share of the transparent ceramics market in Asia Pacific, owing to the increased demand for defense equipment in the country over the last few years.
China’s National Development and Reform Commission is in process of supervising a multi-trillion-dollar nationwide project to industrialize the underdeveloped Western provinces of the country.
According to the U.S.–ASEAN Business Council, the sub-region is expected to become the fourth-largest economy in the world after China, India, and the U.S. by 2050, surpassing the European Union and Japan.Top Five Players Accounted for ~ 40% of Market Share in 2018The global transparent ceramics market is dominated by a few large and medium players that operate across the globe.
Global Transparent Ceramics Market Revenue, 2016-2021, 2022-2027, ($ millions) Global Transparent Ceramics Market Sales, 2016-2021, 2022-2027, (MT) Global top five Transparent Ceramics companies in 2020 (%) We surveyed the Transparent Ceramics manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/76915/global-transparent-ceramics-2021-2027-192 The global Transparent Ceramics market was valued at 470.5 million in 2020 and is projected to reach US$ 917.9 million by 2027, at a CAGR of 18.2% during the forecast period.Total Market by Segment:Global Transparent Ceramics Market, By Type, 2016-2021, 2022-2027 ($ Millions) & (MT)Global Transparent Ceramics Market Segment Percentages, By Type, 2020 (%)ALON Transparent CeramicsSapphire Transparent CeramicsYttria Transparent CeramicsSpinel Transparent CeramicsYAG Transparent CeramicsOthersGlobal Transparent Ceramics Market, By Application, 2016-2021, 2022-2027 ($ Millions) & (MT)Global Transparent Ceramics Market Segment Percentages, By Application, 2020 (%)Transparent ArmorDomes and WindowsSensors & InstrumentationOthers (Lighting, Lens, etc)Global Transparent Ceramics Market, By Region and Country, 2016-2021, 2022-2027 ($ Millions) & (MT)Global Transparent Ceramics Market Segment Percentages, By Region and Country, 2020 (%)North AmericaUSCanadaMexicoEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesBeneluxRest of EuropeAsiaChinaJapanSouth KoreaSoutheast AsiaIndiaRest of AsiaSouth AmericaBrazilArgentinaRest of South AmericaMiddle East & AfricaTurkeyIsraelSaudi ArabiaUAERest of Middle East & AfricaCompetitor AnalysisThe report also provides analysis of leading market participants including:Key companies Transparent Ceramics revenues in global market, 2016-2021 (Estimated), ($ millions)Key companies Transparent Ceramics revenues share in global market, 2020 (%)Key companies Transparent Ceramics sales in global market, 2016-2021 (Estimated), (MT)Key companies Transparent Ceramics sales share in global market, 2020 (%)Further, the report presents profiles of competitors in the market, key players include:CoorsTekCeramTec ETECSurmet CorporationII-VI Optical SystemsKonoshima ChemicalsCeraNovaBright Crystals TechnologyShanghai SICCASReasons to Purchase Our Research Report:1.
Analyzing the outlook of the market with the recent trends and SWOT analysis2.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.5.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segment6.
The Global Transparent Ceramics Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product, material and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Transparent Ceramics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/16709-transparent-ceramics-market-reportThe report also covers the complete competitive landscape of the global Transparent Ceramics market with company profiles of key players such as:Brightcrystals Technology Inc.Ceramtec ETECCeranova CorporationCoorstek IncII-VI Optical SystemsKonoshima Chemicals Co. Ltd.Murata Manufacturing Co. Ltd.Schott AGSurmet CorporationA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By Product:Monocrystalline Transparent CeramicsPolycrystalline Transparent CeramicsOthersBy Material:SapphireYttrium Aluminum GarnetAluminum OxynitrideSpinelOthersBy Applications:Optics & OptoelectronicsAerospace, Defense & SecurityMechanical/ChemicalSensors & InstrumentationHealthcareConsumerEnergyOthersBy Geography:North America (NA)Europe (EU)Asia Pacific (APAC)Latin America (LA)Middle East & Africa (MEA)Download Free Sample Report of Global Transparent Ceramics Market @ https://www.decisiondatabases.com/contact/download-sample-16709The Global Transparent Ceramics Market has been exhibited in detail in the following chapters –Chapter 1 Transparent Ceramics Market PrefaceChapter 2 Executive SummaryChapter 3 Transparent Ceramics Industry AnalysisChapter 4 Transparent Ceramics Market Value Chain AnalysisChapter 5 Transparent Ceramics Market Analysis By ProductChapter 6 Transparent Ceramics Market Analysis By MaterialChapter 7 Transparent Ceramics Market Analysis By ApplicationsChapter 8 Transparent Ceramics Market Analysis By GeographyChapter 9 Competitive Landscape Of Transparent Ceramics CompaniesChapter 10 Company Profiles Of Transparent Ceramics IndustryPurchase the complete Global Transparent Ceramics Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-16709Other Reports by DecisionDatabases.com:Global Technical Ceramics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Monolithic Ceramics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global 3D Printing Ceramics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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