Ceranova Corp, General Electric, Konoshima Chemical, Murata Manufacturing, Philips, Schott AG Among the Major Market Players
Mordor Intelligence releases their report on the Global Transparent Ceramics Market. The report elucidates the situation of Transparent ceramics around the world and studies its markets by type which include Crystals, Glasses and Nanomaterials; and by Application - Aerospace & Defense, Mechanical & Chemical, Sensors & Instrumentation, Healthcare, Consumer, Energy and others.
The report is also divided by geography - North America, Europe, the Asia-Pacific (APAC), South America and Middle-East & Africa (MEA); where-in the market share of each region is analyzed and estimates are provided for the next 5 years.
The global market for transparent ceramics reached $152.9 million in 2014. This market is expected to grow at a compound annual growth rate (CAGR) of 23%, reaching $528.7 million in 2020. In recent years, the term transparent ceramics has broadened to include materials that are not only transparent to electromagnetic waves in the visible spectrum but also by infrared and ultraviolet light.
Transparent ceramics promise to greatly expand the availability of low-cost, high-quality components in much larger sizes than is possible with traditional crystals. For example, many classes of laser designs could benefit from ceramic-based laser structures such as amplifiers with built-in edge claddings. Also, ceramic amplifier slabs could provide more robust and compact designs for high-peak-power, fusion-class lasers for stockpile stewardship and high-average-power lasers for theatre missile defense.
Transparent ceramics are also used for manufacturing bulbs and lamp envelopes for commercial and vehicle lights, as well as in applications where resistance to high temperatures and harsh chemical conditions is required. In addition, transparent ceramics can be introduced for manufacturing lights and displays based on light-emitting diodes (LEDs).
The report includes profiles of major market participants such as Bright Crystals Technology INC, Ceramtec-Etec, Ceranova Corp, and General Electric, Konoshima Chemical, Murata Manufacturing, Philips, Schott AG among others.
Drivers
Growth drivers included new product developments such as high-performance crystalline boron nitride (CBN) cutting materials and new applications. Advanced ceramics are increasingly replacing plastics and metals in high-performance applications. Growth in global demand for medical products, increasing miniaturization of electronic devices, equipment and components worldwide.
