Press release
Top 3 factors augmenting Transparent Ceramics Market expansion
Transparent Ceramics Market
The flourishing optoelectronics industry is likely to create tremendous demand for transparent ceramics, owing to their utilization in the manufacture of optical switches, infrared night-vision devices, laser systems, and others. Transparent ceramics possess superior mechanical properties as compared to standard glass. The enhanced strength of the product makes them durable, scratch-proof, and highly preferred material in high-wear applications.
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The strong presence of optoelectronics across major economies globally could create lucrative growth opportunities for the transparent ceramics market. The rising demand for premium passenger cars and escalating automobile manufacturing in North America is complementing the adoption of optical ceramics for vehicle armor. Additionally, the rising demand for optoelectronic products primarily in developing countries like India, South Korea, and China is predicted to augment industry expansion in the coming years.
Demand for optical ceramics in defense sector
Aluminum oxynitride in the product segment of transparent ceramics industry is expected to grow at a significant pace in the upcoming years. The substantial utilization of aluminum oxynitride as optical ceramics in transparent armor used in the defense sector for ground vehicles, helicopters, aircraft, and others is the major factor driving the segment growth. Moreover, the growing adoption of the product as an affordable alternative to sapphire should further propel its consumption in defense application.
Higher suitability in healthcare equipment
The healthcare equipment application segment is likely to bring in a considerable share for the transparent ceramics market by 2025. The exceptional physical properties of transparent ceramics such as higher mechanical and thermal stability along with superior optical transmission allow their applications in healthcare equipment. Radiation detection devices, medical laser devices, and medical imaging systems are some of the many healthcare equipment in which optical ceramics plays a critical role.
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Optoelectronics industry in Europe and APAC
Europe transparent ceramics market share is slated to grow significantly. The regional market expansion is major attributed to the flourishing optoelectronic industry and increased government expenditure in defense sector. As per Stockholm International Peace Research Institute (SIPRI), the military expenditure in European Union was around 1.4% of the total GDP.
Asia Pacific transparent ceramics market is anticipated to witness an exponential growth rate through 2025. Owing to the increasing population, high disposable income, and substantial digital transformation, the growing demand for optoelectronic products in the region is likely to positively influence APAC transparent ceramics business growth.
Leading providers of transparent ceramics worldwide include CeramTech, Surmet Corporation, Coorstek Corporation, Konoshima Chemicals, CeraNova Corporation, Rubicon Technology, Schott AG, Crystalwise Technology, Hansol Technics, Saint-Gobain, and Kyocera, among others.
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Global Market Insights, Inc.
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