Global transparent ceramics market providers include CeraNova Corporation, Saint-Gobain, Hansol Technics, Surmet Corporation, and Almatis GmbH, among various others.
Transparent ceramics market is likely to achieve immense momentum in the coming years due to the growing demand for glass-like materials in optoelectronics, health equipment, military, and aerospace. The materials comprise of high optical properties, superior resistance to chemicals, and great resistance.
Increasing sale of optoelectronics-sensor-discrete or O-S-D parts have expanded significantly worldwide. It grew by approximately 10% during the year 2018 when compared to the previous year, which showcases the surging demand for optoelectronic products. Additionally, the transparent ceramic products are widely used to manufacture laser items, optical switches, infra-red based night-vision enhancing devices, and others.
Globally, transparent ceramics market size could reach USD 1 billion in annual valuation by 2025. In terms of the regional expanse, North America will continue to show robust growth trends due to the increase in demand for premium passenger cars over the years. High disposable income among people and the ability to spend on advanced products have supported the production of automobiles, which are a key area of application for optoelectronics.
The coronavirus pandemic has emerged as an obstacle in the production of vehicles due to the restriction in the movement of people and raw materials over the years. The automobile sector is facing extreme challenges due to the temporary halt in production and the consequent inability to meet the demands. However, gradual relaxations offered by the governments globally will speed up the production of vehicles which will amplify the demand for transparent ceramics in the coming years.
With respect to the application spectrum, the product finds extensive use in healthcare equipment. Superior thermal and mechanical strength along with high optical transmission linked to transparent ceramics makes them a viable option. Transparent ceramics are used in radiation detection, laser treatments, and medical imaging.
Aluminum oxynitrate has witnessed extreme demands due to the wide use of product-based optical ceramics in the defense industry like helicopters, aircraft, ground vehicles, and others. The product is also regarded as a cost-effective replacement for sapphire.
European governments heavily invest in the defense sector, influencing developments in the regional transparent ceramics industry. Citing reliable sources, in the year 2018, the defense budget of NATO’s member states in Europe was valued USD 264 billion.
Efforts are increasingly being undertaken by the market players and researchers to enhance the product quality to meet the changing industrial requirements. In September 2020, researchers from the Shanghai Institute of Optics and Fine Mechanics at the Chinese Academy of Sciences developed a superior- quality transparent ceramics with the help of the crystal ceramization process.
These are known as promising candidates due to their ultra-low phonon energy superior chemical, physical, and optical characteristics.
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