According to a market report by Lucintel, the future of the transparent ceramic market looks promising with opportunities in the optics & optoelectronics, aerospace, defense & security, mechanical/chemical, sensors & instrumentation, healthcare, consumer goods/electronics, and energy industries. The transparent ceramic market is expected to grow with a CAGR of 21% from 2019 to 2024. The major growth drivers for this market are increasing miniaturization of electronic devices, equipment, and components and the rise in the need for modernization in environmental engineering.
In this market, Sapphire, yttrium aluminum garnet, aluminum oxynitride, and spinel are the major material used to manufacture transparent ceramic.
Within the transparent ceramic market, optics & optoelectronics, aerospace, defense & security, mechanical/chemical, sensors & instrumentation, healthcare, consumer goods/electronics, and energy (lighting, scintillator, and biomaterials) are the major end use industries. Optics & optoelectronics is the largest segment for the transparent ceramic market.
Asia Pacific will remain the largest market over the forecast period due to rising demand from the electronics industry.
CoorsTek Inc., Surmet Corporation, Schott AG, II-VI Optical Systems, CILAS, Brightcrystals Technology Inc., and CeramTec-ETEC GmbH are among the major manufacturers of transparent ceramics.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the transparent ceramic market by material type, product type, end use, and region. Lucintel has prepared a comprehensive research report entitled " Transparent Ceramic Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the transparent ceramic market by material type, product type, end use, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
• Monocrystalline Transparent Ceramics
• Polycrystalline Transparent Ceramics
• Others (glass-Ceramics, glass-crystal, and nanomaterials)
By Material Type [$M shipment analysis for 2013 – 2024]:
• Sapphire
• Yttrium Aluminum Garnet
• Aluminum Oxynitride
• Spinel
• Others (Yttria & Cubic Zirconia)
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Optics & Optoelectronics
• Aerospace, Defense & Security
• Mechanical/Chemical
• Sensors & Instrumentation
• Healthcare
• Consumer Goods/Electronics
• Energy
• Others (Lighting, Scintillator, biomaterials )
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• Europe
• Asia Pacific
• Rest of The World
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the Transparent ceramic market by product type (monocrystalline transparent ceramics, polycrystalline transparent ceramics, and others[glass-ceramics, glass-crystal, and nanomaterials)], material [sapphire, yttrium aluminum garnet, aluminum oxynitride, spinel, and others (yttria & cubic zirconia)], by end use industry [optics & optoelectronics, aerospace, defense & security, mechanical/chemical, sensors & instrumentation, healthcare, consumer goods/electronics, energy, and others (lighting, scintillator, biomaterials)], and region ( Asia-Pacific, North America, Europe, South America, and Rest of The World)?
Q.2.Which segments will grow at a faster pace and why?
Q.3.Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the transparent ceramic market?
Q.5 What are the business risks and threats to the transparent ceramic market?
Q.6 What are emerging trends in this transparent ceramic market and the reasons behind them?
Q.7 What are some changing demands of customers in the transparent ceramic market?
Q.8 What are the new developments in the transparent ceramic market? Which companies are leading these developments?
Q.9 Who are the major players in the transparent ceramic market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the transparent ceramic market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities took place in the last five years in the transparent ceramic market?