Skip to main content

Optical Ceramics Market is Estimated to Expand at a Robust CAGR by 2023

 q    The market size of optical ceramics is estimated at USD 148 million in 2018 and is projected to reach USD 297 million by 2023, at a CAGR of 15%, between 2018 and 2023. The global optical ceramics market is driven by the increasing defence expenditure on advanced materials and technologies. Optical ceramics are used as a substitute for glass, metals, and plastics, which is boosting the market.

Browse 61 market data Tables and 33 Figures spread through 112 Pages and in-depth TOC on "Optical Ceramics Market by Material (Sapphire, Aluminum Oxynitride, Spinel), End-use (Optics & Optoelectronics, Aerospace and Defense & Security, Energy), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2023"

Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=189287328

CeramTec is a portfolio company of Cinven, a European private equity firm since 2013. It is a manufacturer and supplier of a wide range of ceramics. It has an extensive portfolio of over 10,000 different products of engineered ceramic materials. The advanced ceramic products offered by the company are used across industries such as automotive, electronics, mechanical, and medical.

The company aims at expanding into lucrative market segments, such as lighting technology, sensor technology, and mobility, in addition to its presence in the medical application segment. CeramTec makes extensive use of its R&D activities to innovate safe and cost-effective methods of manufacturing advanced ceramics. The company has a strong presence in the European region and is increasing its presence in APAC. It has adopted organic as well as inorganic growth strategies to maintain its foothold in the global optical ceramics market. For instance, in 2017, CeramTec agreed on the acquisition of the UK Electro-Ceramics business, including two of its manufacturing sites at Ruabon and Southampton, from Morgan Advanced Materials plc (UK). This acquisition helped the company explore new markets, new application areas, and new developments in optical ceramics.

Speak to our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=189287328

High economic growth rate and growing optoelectronics industry in China, Japan, and India are projected to lead the optical ceramics market in APAC during the forecast period.

APAC is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make APAC the most preferred destination for the manufacturers of optical ceramics. Increasing manufacturing of optoelectronic devices with touchscreen displays using materials such as sapphire and Yttrium aluminium garnet in Japan, China,  and India is anticipated to deliver impetus to the market growth.

The key players in the optical ceramics market include CeramTec (Germany), Schott AG (Germany), Surmet Corporation (US), II-VI Optical Systems (US), CeraNova (US), Kyocera (Japan), CoorsTek (US), Konoshima Chemicals (Japan), Saint- Gobain (France), and Murata Manufacturing (Japan). These players have established a strong foothold in the market by adopting strategies such as expansion, new product launch, and merger & acquisition.

Read More Insights At https://www.marketsandmarkets.com/PressReleases/optical-ceramics.asp

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

 

Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441 

Comments

Popular posts from this blog

Dual Chamber Syringe Filling Machine Market Size,Insights, and Forecast 2025

  The Global Dual Chamber Syringe (DCS) Filling Machine Market size is projected to grow from USD 258 million in 2020 to USD 381 million by 2025, at a CAGR of 8.2% between 2020 and 2025. The growth is attributed to the growing biopharmaceutical industry, increasing production of lyophilized drugs and advancement in filling machine technologies. Browse 102 market data Tables and 29 Figures spread through 113 Pages and in-depth TOC on  "Dual Chamber Syringe (DCS) Filling Machine Market by Type (Automatic, Semi-Automatic and Manual), Application (Industrial Pharmacy and Hospital Pharmacy), and Region – Global Forecast To 2025". Syntegon Technology is one of the leading providers of packaging and processing technology. In 2019, Bosch (Germany) sold one of its subsidiaries, Bosch Packaging Technology, to CVC Capital Partners (Luxembourg) and was renamed as Syntegon Technology. The company manufactures products for four different segments, namely, pharma, biopharma & fine ...

Digitally Printed Wallpaper Market Statistics, Trends, Growth and Demand Report 2022- 2027

  The global digitally printed wallpaper market size in 2022 is estimated at USD 4.7 billion and is projected to reach USD 13.1 billion by 2027, at a CAGR of 22.4% from 2022 to 2027. The major drivers for the market include an growth in urbanization and increasing construction activities. However, rivalry from paint & coating producers limits the market growth. Moreover, the ever-increasing growth in commercial and marketing sectors is projected to boost the market for digitally printed wallpaper. Browse 162 market data Tables and 28 Figures spread through 152 Pages and in-depth TOC on  "Digitally Printed Wallpaper Market by Printing Technology (Inkjet, Electrophotography), Substrate (Nonwoven, Vinyl, Paper), End-Use Sector (Non-Residential, Residential, Automotive & Transportation) and Region - Global Forecast to 2027 " Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=81489419 Key companies such as A.S. CrĂ©ation T...

Who are the key manufacturers in the Ammonia Refrigerants Market?

  The ammonia refrigerants market is projected to reach USD 86.5 million by 2030, at a CAGR of 5.7% from USD 55.5 million in 2022. Ammonia is one of the most efficient refrigerants available and has a wide range of uses at different temperature and capacity. In addition to being natural the use of ammonia opens up the possibility of reduced energy consumption and secures long-term costs efficiency and sustainability. Ammonia is most commonly used for air conditioning systems and refrigeration systems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254343156 Market Dynamics Driver: Eco-friendly aspect to drive the market One of the biggest advantages of ammonia gas as the refrigerant is that it is safe to the environment and does not cause any depletion of the ozone layer. Due to this it won’t have to be replaced with any alternative refrigerants as is the case with number of chlorofluorocarbons (CFCs). Ammonia is the oldest of all the refri...