Market Research Report
Monocrystalline Transparent Ceramics - Global Market Outlook (2017-2023)
|Published by||Stratistics Market Research Consulting||Product code||531882|
|Published||Content info||176 Pages
Delivery time: 1-2 business days
|Monocrystalline Transparent Ceramics - Global Market Outlook (2017-2023)|
|Published: June 1, 2017||Content info: 176 Pages||
According to Stratistics MRC, the Global Monocrystalline Transparent Ceramics market is expected to grow from $1.80 million in 2016 to reach $6.62 million by 2023 with a CAGR of 20.3%. Some of the factors propelling the market growth are increasing expenditure by the defence sector on improvement of advanced materials and technologies and growing preference of monocrystalline transparent ceramics over traditional materials as they are less expensive. Expensive cost involved in the production of raw materials is one of the major factors restraining the market growth.
Based on the material type, sapphire material segment leads the market globally as this material is used as a substrate in various applications. On the other hand, in application segment the demand for Optics & optoelectronics is growing rapidly as Optoelectronic components makes use of transparent ceramic materials as a substrate which is used in many electronic components. Asia Pacific leads the market globally due to the advancements in technologies and increase in defence expenditure.
Some of the key players in Global Monocrystalline Transparent Ceramics Market include Ceranova Corporation, Bright Crystals Technology Inc, II-VI Incorporated, Murata Manufacturing Co, Ltd, Surmet Corporation, Konoshima Chemicals Co, Ltd, Coorstek Inc, Cilas, Ceramtec Etec and Konoshima Chemicals Co, Ltd.