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The transparent ceramic market size is estimated to grow at a CAGR of 21.19% between 2022 and 2027. The transparent ceramic market size is forecast to increase by USD 935.98 million. The growth of the market depends on several factors, including the growing importance of lightweight and high-performance materials, increased R and D spending, and increasing use of electronic products.
This transparent ceramic market report extensively covers market segmentation by application (aerospace and defense, mechanical and chemical, healthcare, consumer goods, and others), type (crystalline and non-crystalline), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growing importance of lightweight and high-performance materials is notably driving the market growth, although the easy availability of substitutes may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing importance of lightweight and high-performance materials is notably driving the transparent ceramic market growth. Various end-use industries are increasing demand for lightweight, high-performance materials. These advanced materials can be used in a variety of industrial applications and benefit from energy savings and wear resistance. They are preferred as thermally conductive materials in high-friction applications. These materials are commonly used in the aerospace, defense, and automotive industries. Among various high-performance materials, ceramics are the most preferred due to their properties such as heat resistance, thermal shock resistance, and non-conductivity. The transparent ceramic market is expected to be driven by the need to reduce energy and labor costs during the forecast period.
Growing demand for advanced ceramics is a key trend influencing the transparent ceramic market growth. Over the past two decades, advanced ceramics have found wide application in various end-use segments such as automotive, aerospace, and medical. However, the market for transparent ceramics is still in its early stages in terms of medical applications, R&D, and manufacturing of infrared (IR) windows/domes, lamp envelopes, optoelectronic components/devices, composite sheaths, and smartphone screens. Advanced ceramics have gained popularity among customers in recent years as they better understand their benefits such as high tensile strength, biocompatibility, and durability.
Due to their low porosity, these ceramics have the potential to build nano or microstructures for specific applications that enable desirable combinations of properties. Advanced ceramic materials, especially engineering ceramics, are widely used due to their unique material properties. Advanced ceramics have a wide range of applications in the housing, construction, aerospace, medical, and electronics sectors. Global growth in end-use applications is expected to drive the transparent ceramic market during the forecast period.
The easy availability of substitutes is challenging the transparent ceramic market growth. The ready availability of alternative materials such as glass metal is a major challenge for market growth. The world's main glass-producing countries are Germany, England, the US, China, and Japan, and the main importing countries are the US, Germany, France, Japan, Australia, and Italy. The European, North American, and Chinese markets together account for approximately 75% of global glass demand. Europe is the most mature glass market and has the highest proportion of value-added products. Availability and low cost of alternative materials, as well as rapid lifestyle changes, are expected to jeopardize the growth of the transparent ceramic market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Transparent Ceramic Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co: The company offers different types of products such as abrasives, advanced materials, automotive parts & hardware, building materials, cleaning supplies, coatings, and many more.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the aerospace and defense segment will be significant during the forecast period. Transparent ceramics can operate at very high temperatures, are usually lighter than metals, and can change their electrical properties depending on the application. As such, it is often used in commercial aircraft, military aircraft, and space shuttles. Transparent ceramics such as alumina, silicon nitride, and aluminum nitride are currently used in the manufacture of critical aerospace components because they exhibit several beneficial physical properties. These non-metallic inorganic materials maintain dimensional stability at high temperatures and possess high mechanical strength.
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The aerospace and defense segment was valued at USD 92.48 million in 2017 and continued to grow until 2021. In the aerospace and defense industry, carbon dioxide (CO2) emissions are impacted by the metals and materials used in the manufacturing process, but the use of lightweight, high-performance materials can help minimize CO2 emissions. Additionally, these materials are preferred for use in high-performance vehicles due to their ability to withstand high temperatures and withstand thermal shocks, offering wear resistance and excellent thermal stability. Hence, high demand from the aerospace and defense industry is expected to boost market growth over the forecast period.
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APAC is estimated to contribute 52% to the growth of the global transparent ceramic market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC dominated the global transparent ceramic market with the highest market share in 2022. Demand for transparent ceramics in the region is primarily driven by growth in the aerospace sector. Transparent ceramics are widely used in helicopters and airplanes as sensors, armor, and ceramic protection. APAC manufacturers are focused on comprehensively penetrating the market using better equipment, strong technical strength, superior quality products, and increased brand awareness. China holds the largest market share, followed by India, Vietnam, and Indonesia. The growth of the market in this region is attributed to the growth of many end-use industries such as residential and construction, industrial and medical.
The COVID-19 outbreak impacted the growth of several industries in 2020 due to economic slowdown, supply chain disruptions, and uncertainties in various industries. In the second quarter, different countries saw sharp declines in construction, automotive, aerospace, and defense industry sales. This negatively impacted the growth of the market. However, economic recovery from the COVID-19 crisis and the rollout of vaccination campaigns by governments across different countries allowed the market to gain momentum in the first half of 2021 and is expected to continue to grow during the forecast period.
The transparent ceramic market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio classifies the global transparent ceramic market as part of the global specialty chemicals market. The parent global specialty chemicals market includes companies involved in manufacturing a wide variety of products within organic and inorganic chemicals. The global specialty chemicals market includes fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings.
Transparent Ceramic Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 21.19% |
Market growth 2023-2027 |
USD 935.98 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
19.56 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 52% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., AGC Inc., Almatis BV, CeramTec GmbH, CeraNova Corp., Compagnie de Saint Gobain, CoorsTek Inc., General Electric Co., Hansol Technics Co. Ltd., II VI Inc., Koninklijke Philips NV, Konoshima Chemical Co. Ltd., KYOCERA corp., Rubicon Technology Inc., SCHOTT AG, Superior Technical Ceramics, and Surmet Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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