HOME Top Market Reports Transparent Ceramics Market by Type (Monocrystalline Transparent Ceramics, Polycrystalline Transparent Ceramics, Others), Material (Sapphire, Spinel), End-User Industry (Optics & Optoelectronics, Mechanical/Chemical), and Region - Global Forecasts to 2021

Transparent Ceramics Market by Type (Monocrystalline Transparent Ceramics, Polycrystalline Transparent Ceramics, Others), Material (Sapphire, Spinel), End-User Industry (Optics & Optoelectronics, Mechanical/Chemical), and Region - Global Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: April 2016
Report Code: CH 4240

 

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The transparent ceramics market is projected to reach USD 673.4 Million by 2021, at a CAGR of 23.8% between 2016 and 2021. The base year considered for the study is 2015 and forecast period is 2016 to 2021. The market has been categorized on the basis of type, material, end-user industry, and region. The optics and optoelectronics end-user industry segment is projected to lead the transparent ceramics market by 2021 as glasses & halides, sulfides, selenides have limited scope in this segment. Therefore, the demand for polycrystalline transparent ceramics is increasing, owing to their superior mechanical and optical properties.

The research methodology used to estimate and forecast the transparent ceramics market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size. After arriving at the overall market size, the total market was split into several segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the figure below.

Transparent Ceramics Market

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The market of transparent ceramics has a diversified and established ecosystem of upstream companies such as the raw material suppliers and the downstream stakeholders, such as manufacturers, vendors, end users, and government organizations. Several players operational in the transparent ceramics market have backward and forward integrated to strengthen their position in the prevailing market. The major raw material suppliers as well as manufacturers are, Bright Crystals Technology (China), CeramTec ETEC (Germany), CoorsTek (U.S.), Konoshima Chemicals Co. Ltd. (Japan), Surmet Corporation (U.S.), Schott AG (Germany), and Murata Manufacturing Co. Ltd. (Japan), among others.

Target Audience

  • Transparent Ceramics Producers
  • Transparent Ceramics Traders, Distributors, and Suppliers
  • Manufacturers in End-user Industries
  • Associations and Industry Bodies

Scope of the Report: This research report categorizes the transparent ceramics market on the basis of type, material, end-user industry, and region, and forecasts revenues as well as analyzes trends in each of the markets.

  • On the basis of End-User industry the transparent ceramics market has been segmented into:
    • Optics & Optoelectronics
    • Aerospace, Defense & Security
    • Mechanical/Chemical
    • Sensors & Instrumentation
    • Healthcare
    • Consumer
    • Energy
    • Others
  • On the basis of Type the transparent ceramics market has been segmented into:
    • Monocrystalline Transparent Ceramics
    • Polycrystalline Transparent Ceramics
    • Others
  • On the basis of Material the transparent ceramics market has been segmented into:
    • Sapphire
    • Yttrium Aluminium Garnet
    • Aluminium Oxynitride
    • Spinel
    • Others
  • On the basis of Region the transparent ceramics market has been segmented into:
    • Asia-Pacific
    • North America
    • Europe
    • South America
    • RoW

The following customization options are available for the report:

  • Further breakdown of other Asia-Pacific and European markets
  • Company information
  • Detailed analysis and profiling of additional market players (Up to 3)

 Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for  the Study
    1.4 Currency
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities
    4.2 Transparent Ceramics Market: By Material
    4.3 Transparent Ceramics Market Share, By End-User Industry and Region
    4.4 Transparent Ceramics Market Growth Rate , By Region
    4.5 Transparent Ceramics Market: Developed & Developing Nations
    4.6 Market, By End-User Industry
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Evolution of Transparent Ceramics
    5.3 Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Substitute to Glass, Metal, and Plastics
                    5.4.1.2 Increasing Defense Expenditure on Advance Material and Technologies
                    5.4.1.3 Low Thermal Expansion
           5.4.2 Restraints
                    5.4.2.1 High Cost of Transparent Ceramics
           5.4.3 Opportunities
                    5.4.3.1 Advancements in Nanotechnology
                    5.4.3.2 Increased Demand in Niche Applications
           5.4.4 Challenges
                    5.4.4.1 Transparent Ceramics are Non-Recyclable and Non-Repairable
    5.5 Burning Issue
           5.5.1 High Cost of End Products

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Raw Material Suppliers
           6.2.2 Transparent Ceramics Product Type
           6.2.3 Transparent Ceramics Manufacturers/Formulators
           6.2.4 Transparent Ceramics Suppliers/Distributors
           6.2.5 End-User Industries
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Transparent Ceramics Market, By Type (Page No. - 53)
    7.1 Introduction
    7.2 Transparent Ceramics Market, By Type
    7.3 Monocrystalline Transparent Ceramics
    7.4 Polycrystalline Transparent Ceramics
    7.5 Other Transparent Ceramics

8 Market, By Material (Page No. - 61)
    8.1 Introduction
    8.2 Sapphire
    8.3 Yttrium Aluminum Garnet (YAG)
    8.4 Aluminum Oxynitride
    8.5 Spinel
    8.6 Other Materials

9 Transparent Ceramics Market, By End-User Industry (Page No. - 72)
    9.1 Introduction
    9.2 Optics & Optoelectronics
    9.3 Aerospace, Defense & Security
    9.4 Mechanical/Chemical
    9.5 Sensors & Instrumentation
    9.6 Healthcare
    9.7 Consumer
    9.8 Energy
    9.9 Other

10 Regional Analysis (Page No. - 86)
     10.1 Introduction
     10.2 Asia-Pacific
             10.2.1 China
             10.2.2 Japan
             10.2.3 India
             10.2.4 Rest of Asia-Pacific
     10.3 North America
             10.3.1 U.S.
             10.3.2 Canada
             10.3.3 Mexico
     10.4 Europe
             10.4.1 Germany
             10.4.2 France
             10.4.3 Italy
             10.4.4 Rest of Europe
     10.5 South America
             10.5.1 Brazil
             10.5.2 Chile
             10.5.3 Rest of South America
     10.6 RoW
             10.6.1 Middle East
             10.6.2 Others

11 Competitive Landscape (Page No. - 128)
     11.1 Overview
     11.2 Competitive Situations and Trends
     11.3 New Product Developments
     11.4 Acquisitions
     11.5 Expansions
     11.6 New Technology Developments

12 Company Profiles (Page No. - 135)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Introduction
     12.2 Brightcrystals Technology Inc.
     12.3 Ceramtec ETEC
     12.4 Coorstek Inc.
     12.5 Konoshima Chemicals Co., Ltd.
     12.6 Surmet Corporation
     12.7 Schott AG
     12.8 Murata Manufacturing Co. Ltd.
     12.9 Ceranova Corporation
     12.10 Cilas
     12.11 II-VI Optical Systems
     12.12 Other Key Players Operating in Global Transparent Ceramics Market

*Details Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 165)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports


List of Tables (96 Tables)

Table 1 The Transparent Ceramics Market Expected to Witness High Growth Between 2016 & 2021
Table 2 Transparent Ceramics Market, By Type
Table 3 Market, By Material
Table 4 Market, By End-User Industry
Table 5 Transparent Ceramics Market Size, By Type, 2014–2021 (USD Million)
Table 6 Monocrystalline Transparent Ceramics Market Size, By Region, 2014–2021 (USD Million)
Table 7 Polycrystalline Transparent Ceramics Market Size, By Region, 2014–2021 (USD Million)
Table 8 Other Transparent Ceramic Types Market Size, By Region, 2014–2021 (USD Million)
Table 9 Transparent Ceramics Market Size, By Material, 2014–2021 (USD Million)
Table 10 Sapphire Transparent Ceramics Market, By Region, 2014-2021 (USD Million)
Table 11 Yttrium Aluminum Garnet Transparent Ceramics Market, By Region, 2014-2021 (USD Million)
Table 12 Aluminum Oxynitride Transparent Ceramics Market, By Region, 2014-2021 (USD Million)
Table 13 Spinel Transparent Ceramics Market, By Region, 2014-2021 (USD Million)
Table 14 Other Transparent Ceramic Materials Market, By Region, 2014-2021 (USD Million)
Table 15 Transparent Ceramics Market Size, By End-User Industry, 2014-2021 (USD Million)
Table 16 Market in Optics & Optoelectronics, By Region, 2014–2021 (USD Million)
Table 17 Market Size in Aerospace, Defense & Security, By Region, 2014–2021 (USD Million)
Table 18 Market in Mechanical/Chemical, By Region, 2014–2021 (USD Million)
Table 19 Market in Sensors & Instrumentation, By Region, 2014–2021 (USD Million)
Table 20 Market in Healthcare, By Region, 2014–2021 (USD Million)
Table 21 Market in Consumer, By Region, 2014–2021 (USD Million)
Table 22 Market in Energy, By Region, 2014–2021 (USD Million)
Table 23 Market in Other End-User Industries, By Region, 2014–2021 (USD Million)
Table 24 Transparent Ceramics Market, By Region, 2014–2021 (USD Million)
Table 25 Asia-Pacific: Transparent Ceramics Market, By Country, 2014–2021 (USD Million)
Table 26 Asia-Pacific: Market, By End-User Industry, 2014–2021 (USD Million)
Table 27 Asia-Pacific: Market, By Material, 2014–2021 (USD Million)
Table 28 Asia-Pacific: Market, By Type, 2014–2021 (USD Million)
Table 29 China: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 30 China: Market, By Material, 2014–2021 (USD Million)
Table 31 China: Market, By Type, 2014–2021 (USD Million)
Table 32 Japan: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 33 Japan: Market, By Material, 2014–2021 (USD Million)
Table 34 Japan: Market, By Type, 2014–2021 (USD Million)
Table 35 India: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 36 India: Market, By Material, 2014–2021 (USD Million)
Table 37 India: Market, By Type, 2014–2021 (USD Million)
Table 38 Rest of Asia-Pacific: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 39 Rest of Asia-Pacific: Market, By Material, 2014–2021 (USD Million)
Table 40 Rest of Asia-Pacific: Market, By Type, 2014–2021 (USD Million)
Table 41 North America: Transparent Ceramics Market, By Country, 2014–2021 (USD Million)
Table 42 North America: Market, By End-User Industry, 2014–2021 (USD Million)
Table 43 North America: Market, By Material, 2014–2021 (USD Million)
Table 44 North America: Market, By Type, 2014–2021 (USD Million
Table 45 U.S.: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 46 U.S.: Market, By Material, 2014–2021 (USD Million)
Table 47 U.S.: Market, By Type, 2014–2021 (USD Million)
Table 48 Canada: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 49 Canada: Market, By Material, 2014–2021 (USD Million)
Table 50 Canada: Market, By Type, 2014–2021 (USD Million)
Table 51 Mexico: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 52 Mexico: Market, By Material, 2014–2021 (USD Million)
Table 53 Mexico: Market, By Type, 2014–2021 (USD Million)
Table 54 Europe: Transparent Ceramics Market, By Country, 2014–2021 (USD Million)
Table 55 Europe: Market, By End-User Industry, 2014–2021 (USD Million)
Table 56 Europe: Market, By Material, 2014–2021 (USD Million)
Table 57 Europe: Market, By Type, 2014–2021 (USD Million)
Table 58 Germany: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 59 Germany: Market, By Material, 2014–2021 (USD Million)
Table 60 Germany: Market, By Type, 2014–2021 (USD Million)
Table 61 France: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 62 France: Market, By Material, 2014–2021 (USD Million)
Table 63 France: Market, By Type, 2014–2021 (USD Million)
Table 64 Italy: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 65 Italy: Market, By Material, 2014–2021 (USD Million)
Table 66 Italy Market, By Type, 2014–2021 (USD Million)
Table 67 Rest of Europe: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 68 Rest of Europe: Market, By Material, 2014–2021 (USD Million)
Table 69 Rest of Europe: Market, By Type, 2014–2021 (USD Million)
Table 70 South America: Transparent Ceramics Market, By Country, 2014–2021 (USD Million)
Table 71 South America: Market, By End-User Industry, 2014–2021 (USD Million)
Table 72 South America: Market, By Material, 2014–2021 (USD Million)
Table 73 South America: Market, By Type, 2014–2021 (USD Million)
Table 74 Brazil: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 75 Brazil: Market, By Material, 2014–2021 (USD Million)
Table 76 Brazil: Market, By Type, 2014–2021 (USD Million)
Table 77 Chile: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 78 Chile: Market, By Material, 2014–2021 (USD Million)
Table 79 Chile: Market, By Type, 2014–2021 (USD Million)
Table 80 Rest of South America: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 81 Rest of South America: Market, By Material, 2014–2021 (USD Million)
Table 82 Rest of South America: Market, By Type, 2014–2021 (USD Million)
Table 83 RoW: Transparent Ceramics Market, By Country, 2014–2021 (USD Million)
Table 84 RoW: Market, By End-User Industry, 2014–2021 (USD Million)
Table 85 RoW: Market, By Material, 2014–2021 (USD Million)
Table 86 RoW: Market, By Type, 2014–2021 (USD Million)
Table 87 Middle East: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 88 Middle East: Market, By Material, 2014–2021 (USD Million)
Table 89 Middle East: Market, By Type, 2014–2021 (USD Million)
Table 90 Others: Transparent Ceramics Market, By End-User Industry, 2014–2021 (USD Million)
Table 91 Others: Market, By Material, 2014–2021 (USD Million)
Table 92 Others: Market, By Type, 2014–2021 (USD Million)
Table 93 New Product Developments, 2010–2015
Table 94 Acquisitions, 2010–2015
Table 95 Expansions, 2010–2015
Table 96 New Technology Developments


List of Figures (62 Figures)

Figure 1 Transparent Ceramics: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Research Methodology: Data Triangulation
Figure 6 The Optics & Optoelectronics Segment Projected to Witness Highest Growth During the Forecast Period
Figure 7 The Sapphire Segment Projected to Witness the Highest Growth During the Forecast Period
Figure 8 The Transparent Polycrystalline Transparent Ceramics Segment Projected to Witness the Highest Growth During the Forecast Period
Figure 9 Asia-Pacific Dominated the Transparent Ceramics Market With the Highest Share in 2015
Figure 10 The Transparent Ceramic Market Projected to Register High Growth Between 2016 & 2021
Figure 11 Sapphire is Projected to Be the Fastest-Growing Segment of the Market Between 2016 & 2021
Figure 12 The Optics & Optoelectronics Segment Accounted for the Largest Share of the Transparent Ceramics Market
Figure 13 The Market in China Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Transparent Ceramic Market to Witness Significant Growth in Emerging Nations Between 2016 & 2021
Figure 15 Transparent Ceramics Market Share, By End-User Industry, 2015 (USD Million)
Figure 16 Asia-Pacific Expected to Witness Highest Growth in 2016
Figure 17 The Evolution of Transparent Ceramic Market
Figure 18 Drivers, Restraints, Opportunities, and Challenges in Transparent Ceramics Market
Figure 19 Transparent Ceramics: Value Chain Analysis
Figure 20 Porter’s Five Forces Analysis
Figure 21 The Monocrystalline Transparent Ceramics Segment Expected to Dominate the Transparent Ceramic Market During the Forecast Period
Figure 22 Asia-Pacific Expected to Dominate the Monocrystalline Transparent Ceramics Market During the Forecast Period
Figure 23 Asia Pacific Expected to Dominate the Polycrystalline Transparent Ceramic Market During the Forecast Period
Figure 24 Asia-Pacific Expected to Be the Fastest-Growing Market for Other Transparent Ceramic Types
Figure 25 Market Share, By Material & Region, 2015 (USD Million)
Figure 26 Asia-Pacific Expected to Dominate the Sapphire Transparent Ceramics Market During the Forecast Period
Figure 27 Asia-Pacific Expected to Be the Fastest-Growing Yttrium Aluminium Garnet Transparent Ceramic Market During the Forecast Period
Figure 28 Aluminum Oxynitride Transparent Ceramics Market Expected to Witness High Growth in Asia-Pacific During the Forecast Period
Figure 29 Spinel Transparent Ceramic Market to Witness Significant Growth in Asia-Pacific During the Forecast Period
Figure 30 Asia-Pacific Expected to Dominate the Other Transparent Ceramic Materials Market During the Forecast Period
Figure 31 The Transparent Ceramics Market in Optics & Optoelectronics Expected to Grow Rapidly in the Next Five Years
Figure 32 Asia-Pacific Expected to Be the Fastest-Growing Market for Transparent Ceramics in Optics & Optoelectronics During the Forecast Period
Figure 33 Asia-Pacific Expected to Be the Fastest-Growing Market for Transparent Ceramic Market in Aerospace, Defence & Security During the Forecast Period
Figure 34 North America Expected to Be the Fastest-Growing Market for Transparent Ceramics in the Mechanical/Chemical End-User Industry
Figure 35 Asia-Pacific Expected to Be the Fastest-Growing Market for Transparent Ceramics in Sensors & Instrumentation During the Forecast Period
Figure 36 North America Expected to Be the Fastest-Growing Market for Transparent Ceramics in Healthcare During the Forecast Period
Figure 37 Asia-Pacific is the Fastest-Growing Market for Transparent Ceramics in Consumer
Figure 38 Europe Expected to Be the Fastest-Growing Market for Transparent Ceramics Market in Energy During the Forecast Period
Figure 39 North America Expected to Be the Fastest-Growing Market for Transparent Ceramics in Other End-User Industries During the Forecast Period
Figure 40 Regional Snapshot: China is Emerging as A Lucrative Market for Transparent Ceramics
Figure 41 The Transparent Ceramics Markets in Asia-Pacific and North America Expected to Witness High Growth During the Forecast Period
Figure 42 Asia-Pacific Transparent Ceramics Market Snapshot
Figure 43 North America Transparent Ceramic Market Snapshot
Figure 44 Europe Transparent Ceramics Market Snapshot
Figure 45 South America Transparent Ceramic Market Snapshot
Figure 46 South America Transparent Ceramics Market Snapshot
Figure 47 New Product Developments and Acquisitions: Key Growth Strategy Adopted By Companies, Between 2010 & 2015
Figure 48 Market Evaluation Framework: New Product Development & Acquisition Fuelled the Growth of the Transparent Ceramic Market, 2011-2015
Figure 49 Battle for Market Share: New Product Developments & Acquisitions Were the Key Growth Strategies Adopted By Major Players in the Market
Figure 50 Benchmarking of Top 3 Players
Figure 51 SWOT Analysis: Brightcrystals Technology Inc.
Figure 52 Ceramtec ETEC: Business Overview
Figure 53 SWOT Analysis: Ceramtec ETEC
Figure 54 SWOT Analysis: Coorstek Inc.
Figure 55 Konoshima Chemicals Co., Ltd.: Company Snapshot
Figure 56 SWOT Analysis: Surmet Corporation
Figure 57 Schott AG: Company Snapshot
Figure 58 SWOT Analysis: Schott AG
Figure 59 Murata Manufacturing Co. Ltd.: Company Snapshot
Figure 60 SWOT Analysis: Murata Manufacturing Co. Ltd.
Figure 61 Marketsandmarkets Knowledge Store Snapshot
Figure 62 Marketsandmarkets Knowledge Store: Chemical and Material

The transparent ceramics market was valued at USD 177.0 Million in 2015, and is projected to grow at a CAGR of 23.8% from 2016 to 2021 and reach USD 673.4 Million by 2021. The demand for transparent ceramics is increasing in applications where high mechanical performance and complete transparency in the spectral range is essential, such as laser hosts, infrared (IR) windows/domes, lamp envelopes, and transparent armors. These are also used in armor materials, optoelectronics devices, ovens, radiations chambers, and aerospace sensors.

Among the various end-user industries, the optics and optoelectronics is the major segment followed by aerospace, defence & security, and sensors & instrumentation. They are used in lamps (primarily LEDs), Complementary Metal Oxide Semiconductor (CMOS), image sensors, laser pick-ups, Charge-coupled Devices (CCD), image sensors, displays, couplers, laser transmitters, and so on. The increasing usage of transparent ceramics in the aforementioned products has led to the growth of the market of transparent ceramics market.

On the basis of type, the market has been segmented into monocrystalline transparent ceramics, polycrystalline transparent ceramics, and others. The transparent ceramics market was dominated by the monocrystalline transparent ceramics segment in 2015. However, the polycrystalline transparent ceramics is the fastest-growing segment, owing to the increasing application of these type of ceramics in new and emerging applications, such as biomaterials, thermography, temperature IR sensors, and so on.

The sapphire segment contributed the largest share to transparent ceramics market, segmented based on material. Countries such as China, India, Japan, Australia, and South Korea are considered to be the hub of electronics and semiconductors market, and are expected to drive the growth of the segment in the region.

Asia-Pacific was the largest and the fastest-growing market for transparent ceramics in 2015. The transparent ceramics market in China is projected to witness the high growth during the forecast period, owing to the reduced raw material prices and presence of major transparent ceramics suppliers and manufacturers who have ability to cater to the rising demand.

Transparent Ceramics Market

However, the high cost of transparent ceramics may inhibit the growth of the market. The high prices of raw materials affect the cost these ceramics, and ultimately increase the prices of end products. This has led to end-user industries seeking low-cost substitutes for these materials.

New product development, acquisition, expansion and new technology are some of the important strategies adopted by the market players to achieve growth in the transparent ceramics market. Some of the major market players operational in this market are Bright Crystals Technology (China), CeramTec ETEC (Germany), CoorsTek (U.S.), Konoshima Chemicals Co. Ltd. (Japan), Surmet Corporation (U.S.), Schott AG (Germany), and Murata Manufacturing Co. Ltd. (Japan). CoorsTek Inc. has been striving to enhance its operational performance and improve profitability within existing business. The company acquired several companies to expand its geographical reach and expand its presence across diverse regions.

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