Press release
Transparent Ceramics Market Price Analysis, Growth Report and Industry Forecast to 2026
According to a new report published by Allied Market Research titled, “Transparent Ceramics Market by Type, Material, and Application: Global Opportunity Analysis and Industry Forecast, 2014–2022,” the global transparent ceramics market was valued at $246 million in 2015, and is expected to reach $729 million by 2022, growing at a CAGR of 17.4% during the forecast period. Optics & optoelectronics segment was the largest contributor to the global transparent ceramics market in 2015. Asia-Pacific held the leading position in 2015, and is expected to grow at the highest rate during the study period.Transparent ceramics are scratch resistance for lookdown windows in aircraft and can sustain more rigorous conditions than glass, thereby increasing their demand in the coming years. The defense industry is currently making high investments for innovations and development of advanced ceramics to be utilized in various areas in the defense field. This is expected to increase the demand for transparent ceramics in the near future.
According to Eswara Prasad, Team Lead, Chemicals & Materials at Allied Market Research, “Rapid advancement of nanotechnology for the enhancement of advantages offered by transparent ceramic materials is expected to offer major opportunities to the global transparent ceramics market.”
Monocrystalline transparent ceramics was the largest revenue generator in 2015, as these are crystal lattices that are free from surface defects and internal pore irregularities. These advantages make it suitable for applications such as radiation detection, particle detection, X-ray devices used for security reasons, gas exploration, optics, and electronics. This segment is also projected to grow at the highest CAGR during the forecast period.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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