Increasing focus on cutting & laser tools due to developing manufacturing industries anticipates fueling the market growth in future.
Sarasota, FL -- (SBWIRE) -- 05/04/2017 -- Zion Market Research, the market research group announced the analysis report titled "Transparent Ceramics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Transparent Ceramics Market: Overview
Ceramic materials are available in glassy and crystalline forms. These materials can be used in various optically transparent materials that range from solid-state components to high surface area forms. High surface area forms include fibers, films, and coatings; these devices are used in various applications such as optical switches, optical window materials for gas lasers, hosts for solid-state lasers, laser amplifiers and lenses, optical fibers for guided lightwave transmission, and IR night vision, and infrared heat-seeking devices for missile guidance systems. Transparent ceramics are crystalline in structure and they are derived from the silica-based glass with the help of crystallization process. It is an inorganic solid material that permits transmission of the desired wavelength of light through them. Due to this property, they used in the nonlinear optics, optical components, scintillators, solid-state lasers, and others.
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Global Transparent Ceramics Market: Growth Factors
The demand for transparent ceramics has increased in various industries such as healthcare, aviation, and electronics in order to improve the existing glass technologies with the addition of numerous functions that include domes, armors, lasers, and optical fibers which drive the global transparent ceramics market growth. Increasing focus on cutting & laser tools due to developing manufacturing industries anticipates fueling the market growth in future. Widespread applications of the transparent ceramics in the medical & healthcare industries expect to open up new growth opportunities in the global market. Transparent ceramics blankets are largely preferred owing to its lightweight nature, soaring temperature stability, low thermal conductivity & heat storage, corrosion and thermal shock resistance, and outstanding handling of power & fire protection.
Global Transparent Ceramics Market: Segmentation
The global transparent ceramics market is segregated based on the material, type, and application. On the basis of material, the global market is fragmented into aluminum oxynitride, sapphire, spinel, and yttrium aluminum garnet. The type segment is classified into polycrystalline transparent ceramics and monocrystalline transparent ceramics. The monocrystalline transparent ceramics segment dominates the market across the world. They are broadly used in the particle detection, gas exploration, radiation detection, and X-ray devices used for security. Based on the application, the global market is bifurcated into energy, aerospace, consumer goods, defense & security, sensors & instrumentation, optics & optoelectronics, healthcare, and mechanical/chemical.
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Global Transparent Ceramics Market: Regional Analysis
Latin America is the leading region for transparent ceramics market. Brazil and Venezuela are the major consumers and producers of the transparent ceramics, which is followed by Argentina. Latin America is home to an abundance of raw materials which is the other factor that drives the market. Factors such as increasing number of literate population, expansion of ports to ease out transportation, and accessibility of state-of-the-art production facilities also contribute to the growth of the market in the region. Flourishing manufacturing facilities, developing economies, high investment on defense and improved technology enhances the market growth in Asia-Pacific region in a positive way. Europe is another potential market that is growing at a faster rate due to the expansion of the optics & optoelectronics, chemical & mechanical industries, and instrumentation & sensor.
Global Transparent Ceramics Market: Competitive Players
The major companies that are operating in the global transparent ceramics market include General Electric, Bright Crystals Technology, Coorstek, Murata Manufacturing, Ceranova, and Koito Manufacturing.
Global Transparent Ceramics Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa