Market Research Report
Transparent Ceramics Market Analysis By Product (Monocrystalline Transparent Ceramics, Polycrystalline Transparent Ceramics), By Material (Sapphire, Yttrium Aluminium Garnet, Aluminium Oxynitride, Spinel), By Application And Segment Forecast To 2024
|Published by||Grand View Research, Inc.||Product code||361266|
|Published||Content info||84 Pages
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|Transparent Ceramics Market Analysis By Product (Monocrystalline Transparent Ceramics, Polycrystalline Transparent Ceramics), By Material (Sapphire, Yttrium Aluminium Garnet, Aluminium Oxynitride, Spinel), By Application And Segment Forecast To 2024|
|Published: May 31, 2016||Content info: 84 Pages||
The global transparent ceramics market is expected to reach USD 1.08 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for the product in various industries including electronics, aviation, and healthcare as a substitute for existing glass technologies in numerous function such as armors, optical fibers, domes(infrared) & lasers is expected to drive demand. Expansion of these end-use industries is predicted to fuel the industry growth further over the next eight years.
Rising focus on utilizing cutting & laser tools across the world, on account of rapid industrialization and turnaround of the manufacturing sector, is expected to propel growth. The increase of the ceramics industry is also driving expansion over the next eight years.
The global market for transparent ceramics was valued at USD 178.5 million in 2015 and is expected to witness growth over the forecast period on account of rising manufacturing facilities in emerging markets of Asia Pacific such as India and China coupled with increasing expenditure on defense on improved & enhanced technology. Growing need from end-user industries such as chemical & mechanical industries, instrumentation & sensor and optics & optoelectronics is expected to stimulate expansion.