Global Transparent Ceramics Market 2017-2021
About Transparent Ceramics
Transparent ceramics are the crystalline form of ceramics with a glassy appearance. These are used as different forms of optically transparent ceramic materials such as bulk solid state, coatings, thin films, and optical fibers. Transparent ceramics are produced from the silica-based glass through crystallization. They possess superior mechanical and optical properties than conventional materials such as glass, metal, and plastics.
Technavio’s analysts forecast the global transparent ceramics market to grow at a CAGR of 22.10% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global transparent ceramics market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Transparent Ceramics Market 2017-2021
Technavio recognizes the following companies as the key players in the global transparent ceramics market: CeramTec, CoorsTek, Konoshima Chemical, SCHOTT, and Surmet Corporation.
Other Prominent Vendors in the market are: Brightcrystals, CeraNova, Eurokera, KYOCERA, Murata Manufacturing, Nanocerox, II-VI Optical Systems, Reade International, Saint-Gobain, and Technical Glass Products.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand from solar energy conversion and storage. Over past few years, the demand for transparent ceramics from the solar energy production sector has increased. Optically transparent single crystal materials, such as sapphire, aluminum oxynitride, and alumina, are used for producing concentrated solar power (CSP).”
According to the report, one driver in the market is rising investment in infrastructure development. The global construction industry is growing at a fast pace with a major contribution from developing countries. In 2016, the industry reached approximately $8.82 trillion from $7.91 trillion in 2012. The revenue is expected to reach approximately $14.98 trillion by 2025. Developing countries have contributed 51.9% to the global construction industry in 2016 and are estimated to occupy approximately 62.5% by 2025. The governments of these regions are investing significantly in residential homes owing to the population shift to metropolitan cities in lieu of jobs, better lifestyle, and other amenities.
Further, the report states that one challenge in the market is high transportation and logistics cost. Developed nations, especially the US, account for the larger portion of the demand for transparent ceramics due to their increased use in the aerospace and defense industries. Most of the production facilities of transparent ceramics find it difficult to expand geographically because of the high transportation and logistics costs. This is aggravated by the lack of toughness of ceramic materials. Safe transportation of fragile materials is a massive concern. A boom in the material industry has led to an increase in the safety concerns of material logistics as freight traffic has witnessed a sharp increase.
CeramTec, CoorsTek, Konoshima Chemical, SCHOTT, Surmet Corporation, Brightcrystals, CeraNova, Eurokera, KYOCERA, Murata Manufacturing, Nanocerox, II-VI Optical Systems, Reade International, Saint-Gobain, and Technical Glass Products.
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