PUNE, India, April 18, 2016 /PRNewswire/ --
The report "Transparent Ceramics Market by Type (Monocrystalline Transparent Ceramics, Polycrystalline Transparent Ceramics, Others), Material (Sapphire, Spinel), End-User Industry (Optics & Optoelectronics, Mechanical/Chemical) and Region - Global Forecasts to 2021", published by MarketsandMarkets, The global market is projected to reach USD 673.4 Million by 2021, at a CAGR of 23.8% between 2016 and 2021.
Browse 96 market data Tables and 62 Figures spread through 173 Pages and in-depth TOC on "Transparent Ceramics Market"
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The market is driven by the increasing defense expenditure on advanced materials and technology, low thermal expansion, and transparent ceramics being good substitute to glass, metal, and plastics in optically transparent material.
Optics & Optoelectronics: the largest end-user industry segment
The optics & optoelectronics segment was the largest end-user industry segment of the transparent ceramics market. It is used in lamps (primarily LEDs), Complementary Metal Oxide Semiconductors (CMOS), Charge-coupled Devices (CCDs), image sensors, displays, couplers, laser transmitters, and so on. The increasing usage of transparent ceramics in the aforementioned products has led to the growth of the market of transparent ceramics market in optics & optoelectronics.
The polycrystalline transparent ceramics segment is the fastest-growing segment, based on type
The transparent ceramics market was dominated by the monocrystalline transparent ceramics segment in 2015. However, the polycrystalline transparent ceramics is the fastest-growing segment, owing to the increasing application of these type of ceramics in new and emerging applications, such as biomaterials, thermography, temperature IR sensors, and so on.
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Asia-Pacific: The largest geographical market segment
Asia-Pacific was the largest market for transparent ceramics. China accounted for the largest share of the Asia-Pacific Transparent Ceramics Market in 2015. The transparent ceramics market in China is projected to witness the highest growth during the forecast period, owing to the reduced raw material prices and presence of major transparent ceramics suppliers and manufacturers who have ability to cater to the rising demand.
An in-depth market share analysis of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders, such as CEOs, directors, and marketing executives. Some of the major market players operational in this market are Bright Crystals Technology (China), CeramTec ETEC (Germany), CoorsTek (U.S.), Konoshima Chemicals Co. Ltd. (Japan), Surmet Corporation (U.S.), Schott AG (Germany), and Murata Manufacturing Co. Ltd. (Japan).
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