Transparent Ceramics Market | CoorsTek Inc. (U.S.), Schott AG (Germany), Surmet Corporation (U.S.), II-VI Optical Systems (U.S.)

Transparent ceramics are a visually transparent category of ceramics. Transparent ceramics are crystal-like and glassy in nature. These ceramics are used as optically transparent materials in different forms. They are derivatives obtained from silica-based glass through crystallization. Transparent ceramics are used as a substitute to conventional glass. New product launches and acquisitions are some of the key strategies adopted by the market players to achieve a competitive edge in the transparent ceramics market.

Increasing demand from optoelectronic segment is a major driver for the transparent ceramics market. The high production cost associated with transparent ceramics prove to be a stumbling block for the growth of the transparent ceramics market. High prices of raw materials such as sapphire lead to an increase in cost of transparent ceramics, thus elevating the prices of end products. As a result, industries prefer to use cheaper substitutes.

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Transparent Ceramics Market Taxonomy

The global transparent ceramics market is segmented on the basis of type, materials, and end use as follows:

On the basis of type;

Monocrystalline Transparent Ceramics
Polycrystalline Transparent Ceramics
Other Transparent Ceramics

On the basis of materials;

Sapphire
Yttrium Aluminum Garnet
Aluminum Oxynitride
Spinel
Other Materials

On the basis of end use;

Optics & Optoelectronics
Aerospace, Defense & Security
Mechanical/Chemical
Sensors
Healthcare
Electronics
Energy
Others

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Key Developments

For instance, in December 2014, CoorsTek, Inc. acquired Covalent Materials Corporation, a Japan based engineered ceramics manufacturer. This acquisition has helped CoorsTek, Inc. to increase customer base and overall market presence in Asian market.

For instance, in May 2015, CeramTec acquired DAI Ceramics Inc., a American based ceramic manufacturer. DAI Ceramics provides ceramics to the gas turbine components and medical engineering applications. This acquisition has helped CeramTec to strengthen its presence in American market.

For instance, in February 2017, CeramTec acquired UK electro-ceramics business from Morgan Advanced Materials. The acquisition comprises two manufacturing sites at Ruabon and Southampton, from Morgan Advanced Materials plc. This acquisition has helped CeramTec to increase customer base and product portfolio in European market.

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