Infinium Global Research has added a new report on Global Transparent Ceramics Market. The report covers the analysis of global as well as regional markets of Transparent Ceramics. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to report, the global transparent ceramics market is projected to grow at a CAGR of 21.3% over the forecast period of 2018-2024.
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Rapidly Growing Demand of Transparent Ceramics in Various End Use Industries to Promote the Growth of Transparent Ceramics Market Worldwide
Rapidly growing demand of transparent ceramics from the various sectors as they offer different beneficial properties then the conventional ceramics. The rising demand of high performance and light weighed material is the primary factor driving the growth of transparent ceramics market across all over the globe. Moreover, demand of transparent ceramics from the aerospace, automotive and military sector is rising owing to its high optical transparency and mechanical strengths. In addition, the transparent ceramics have various uses in the housing, construction and healthcare sectors such as ceramic tiles, refractories, tiles, bricks, and pipes, ceramic abrasives, and sanitary ware. The massive range of application of transparent ceramics is likely to escalate the market growth over the forecast period.
Moreover, major companies are focusing on the research and developments in the transparent ceramics market as the demand of advance and high performance material is increasing from the aerospace sector. The aerospace required the material with light in weight, high tensile strength, biocompatibility, durability, high friction resistance and other properties so they prefer transparent ceramic materials. The rising investments in the transparent ceramic market from the aerospace sector is projected to create several opportunities in this market.
Asia pacific is the Largest As well As the Fastest Growing Region in the Transparent Ceramics Market
Among the geographies, the Asia pacific is the largest and the fastest growing region in the transparent ceramics market. The growing economies and industrialization in the Asia pacific region drives the market of transparent ceramics market. The growing defense and military expenditure in the emerging countries likely to boost the transparent ceramics market in Asia Pacific region.
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Schott acquires Primoceler, Laser Glass-Bonding Specialist
Schott, the specialty glass and glass-ceramics giant, owned by the Carl Zeiss Foundation, has entered into an agreement to acquire Primoceler Oy, a Finnish pioneer in glass micro bonding, based in Tampere in July 2018.
The other various companies working in the transparent ceramics market such as CeramTec, CoorsTek, Brightcrystals, Eurokera, Konoshima Chemical and others are also locking for mergers and acquisitions as a key expansion strategies.