QYResearch: The transparent ceramics market is projected to reach USD 560.32 million by 2021
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Transparent ceramics, a new class of advanced functional materials, find diverse applications in strategic and civilian sectors owing to its unique combination of mechanical and transmission properties. Technological advancements in ceramic powder synthesis, shaping and sintering have made it possible to tailor the microstructural, mechanical and optical property relationships in case of advanced transparent ceramic materials. Transparent ceramic materials are classified broadly as visible, mid wave and long wave infrared regions. The transparent ceramic systems, which are explored currently, include ALON Transparent Ceramics, Sapphire Transparent Ceramics, Yttria Transparent Ceramics, Spinel Transparent Ceramics, YAG transparent ceramics and so on.
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According to QYResearch, The transparent ceramics market is projected to reach USD 560.32 million by 2021, at a CAGR of 21.15% between 2016 and 2021. The market is driven by various end-user industries, such as optics & optoelectronics, aerospace, defense and security, and sensors & instrumentation, among others. Furthermore, factors such low thermal expansion, superior properties over glass, metal and plastics, and increasing defense expenditure on advanced material and technologies are expected to drive the growth of the market in the coming years. Transparent ceramics are proving to be a promising alternative to traditional glass technologies and single-crystal technologies in various diverse application fields such as high-energy radiation detection, infrared domes, lasers, optical fibers, and armors. U.S. was the largest market for transparent ceramics market globally, with a share exceeding 58% in 2016. Growing use of the product owing to its superior characteristics has been fueling growth of the market in this region.
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The Europe transparent ceramics market is mainly driven by the ceramic & glass refractory and iron & steel industry. The market is anticipated to grow at a CAGR of 22.49% from 2016 to 2021.
A critical factor for growth in Asia region is availability of raw materials at lower prices coupled with the presence of large number of suppliers and producers. China is anticipated to lead growth of the Asia Pacific market over the next six years.
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