The transparent ceramics market is projected to reach USD 698.1 Million by 2022

The transparent ceramics market is projected to reach USD 698.1 Million by 2022

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Transparent Ceramics Market by Type (Monocrystalline Transparent Ceramics, Polycrystalline Transparent Ceramics, Others), Material (Sapphire, Spinel), End-User Industry (Optics & Optoelectronics, Mechanical/Chemical), and Region

The transparent ceramics market was valued at USD 219.2 million in 2016 and is projected to reach USD 698.1 million by 2022, at a CAGR of 21.3% between 2017 and 2022. Transparent ceramics are used in several applications such as thermography, laser interferometers, temperature (IR) sensors, optical fiber communications, cutting tools, and so on.

Transparent ceramics are optically transparent and crystalline materials and are available in the form of thin films, coatings, and fibers. Transparent ceramics exhibit transparency as these materials have an isotropic lattice structure. Transparent ceramics possess some unique characteristics, such as high mechanical performance, transparency in the spectral range, and hardness. Thus, they are significantly used in materials that require extremely high mechanical and thermal stress along with increased optical properties and hardness.

Among types, monocrystalline transparent ceramics is the largest and the fastest growing segment of the transparent ceramics market, in 2016. Monocrystalline transparent ceramics are ideally suitable for applications that require high optical transparency and mechanical strength. Therefore, these are widely used optoelectronics and aerospace, defense & security applications.

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Optics & optoelectronics end-use segment dominated the global transparent ceramics market in 2016, due to the increasing use of transparent ceramics, owing to their superior mechanical and optical properties. China is expected to be a major market for the optics & optoelectronics transparent ceramics due to low labor cost and potential high demand for transparent ceramics across various emerging applications.

Sapphire is the fastest-growing material segment of transparent ceramics market during the forecast period. There is a high potential for sapphire across various industry verticals, such as optoelectronics, energy, aerospace, defense, and security, among others. Sapphire (single crystal aluminum oxide) is primarily used where standard glass and technical ceramics cannot meet the high transparency demand of the specific applications.

Asia-Pacific was the largest market of transparent ceramics in 2016, growth of this regional market is driven by the rising demand from electronics and defense industries in major economies such as China and India. Asia-Pacific is also estimated to be the fastest-growing transparent ceramics market.

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