Press release
Transparent Aluminum Market Value To Cross $27.8 Million By 2031 | Growth With Recent Trends, Opportunities & Demand
Furthermore, transparent aluminum or aluminum oxynitride possesses properties such as, elevated temperature resistance due to which it is used primarily in thermal engineering and in manufacturing of high temperature-based crucibles. In addition, aluminum oxynitride is widely used in making refractory bricks in steel industry. This is expected to enhance the overall growth of transparent aluminum market.
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However, transparent aluminum is more expensive as compared to windshield glasses. According to an article published by CAR FROM JAPAN Co., Ltd., the rigidity of the material is the chief issue that impressed the manufacturers to drop the idea of using transparent aluminum in car windshields straight away. This factor is projected to hamper the market growth during the forecast period.
Key attributes such as major government efforts for localization & enormous revenue expansion and capitalizing on the synergies in defense & space industry have enhanced the overall performance of transparent aluminum market.
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Transparent aluminum has an excellent mechanical property due to which it is the most preferred aluminum employed in the manufacturing of bullet proof glasses in defense industry. This factor is projected to drive the market during the forecast period.
Transparent aluminum or aluminum oxynitride has gained popularity in defense industry due to which several key manufacturers are actively engaged in making transparent aluminum. For instance, Surmet company offers precision ALON (Aluminum oxynitride) components with consistently high quality, in batches that are in tonnage quantities, and in increasing sizes and shape complexity.
Impact Of Covid-19 On the Transparent Aluminum Market:
COVID-19 had a negative impact on the global market trends for transparent aluminum, as it had on every other sector in the world. COVID-19 disturbed the supply chain and hampered production and demand of the aluminum. Moreover, COVID-19 harmed the financial elements of these businesses. In 2020, transparent aluminum prices were high across the globe. The price rise was due to continued regional demand trends and tight product availability. Furthermore, the sales of global transparent aluminum is expected to increase post the COVID-19 pandemic due to increase in the demand from building & construction, healthcare manufacturing devices, and defense industry.
Key Benefits For Stakeholders:
► Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
► It outlines the current Transparent aluminum market trends and future estimations from 2021 to 2031 to understand the prevailing opportunities and potential investment pockets.
► The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
► The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
► The profiles of key players and their key strategic developments are enlisted in the report.
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Key Market Players:
► Surmet Corporation
► INNOVACERA
► Murata Manufacturing Co. Ltd
► AMERICAN ELEMENTS
► KYOCERA Fineceramics Europe GmbH
► CeramTec GmbH
► Saint Gobain
► POLYCRYSTAL design GmbH
► CoorsTek Inc
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