In the coming years, technical ceramics are expected to replace the traditional ceramics material due to its superior functional characteristics. Since the materials exhibit high corrosion resistance to aluminum and steel, they are now widely used in medical and automotive sectors. The analysts of IndustryARC have valued the technical ceramics market size at $6.05 billion as of 2018 and projected the demand grow at a compound annual growth rate (CAGR) of 5.80% during the forecast period of 2019 to 2025.
The IndustryARC report is titled “Technical Ceramics Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2019 – 2025”. The report also documents that rising demand for automobiles among consumers, on account of disposable incomes is expected to boost the product demand in the foreseeable future.
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Global Technical Ceramics Market: Demand Analysis and Growth Forecast
Technical ceramics which is also known as high-performance ceramics. It is characterized as heat resistant, metallic stability, and dimensional stability. They are segregated in four different categories: silicate ceramics, piezo-ceramics, oxide ceramics, and non-oxide ceramics. Increasing environmental concerns with stringent governmental regulations in regions such as North America and Europe are expected to propel the product demand in the coming years. Various industries are benefited from the technical ceramics market such as the electrical and electronic, automotive, energy and power, and defense industries.
Global Technical Ceramics Market: Leading Segments
Countries such as China and India have placed APAC as most lucrative technical ceramics marketplace. In particular, China has been leading due to increasing demand for technical ceramics on the back of booming manufacturing activities. The country is supported by low labor and material costs in the initial growth stages and later by better infrastructure and favorable policies. APAC contributed around 35% of the overall demand share in 2018 and is anticipated to further return profits for the players.
The key application segment of the technical ceramics market is the electrical and electronic industry, cited by the IndustryARC’s analyst. The opportunities in this application segment are anticipated to observe CAGR of 5% during the forecast period of 2019 to 2025.
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Global Technical Ceramics Market: Market Trends and Growth Drivers
- Medical Industry- Bio-Ceramics
Technical ceramics are used in artificial organic implants, especially for hip joints for a few years. They are developed with new bio-inspired composite materials. Additionally, the most promising materials for fabricating to support the engineering of new bone are osteoconductive and bioactive ceramics such as calcium phosphates and bioactive glasses. The European Union funded BIOBONE projects to set training for the new scientists and engineers for bone repair.
- Electrical and Electronic Market
Technical ceramics are set to reinforce the industry because most of the aircraft are packed with electronics. Piezoelectric ceramics are becoming increasingly popular for use as filters, resonators, transducers, acoustic elements, actuators, and components for pressure sensors. These developments have made a stronghold for the alumina ceramic market.
- Aerospace Manufacturing
The aircraft industry is the major area for growth which has boosted the technical ceramic market in recent years. The commercial aerospace industry has experienced a shift from traditional to technical ceramics. Syalon 101 is an advanced ceramic with a thermal shock resistance of ?T = 900 °C and maximum use temperature of 1200°C (2192°F). This is one of the latest development of technical ceramics used in the aviation industry.
- Automotive Industry
The technical ceramics are these days is widely and commonly used in the automotive sector in sensors, mechanical seals, valves, and ceramic bearings. Technical ceramics has become one of the major components in the automotive industry since they are more cost effective than metal and are more durable than plastic.
Global Technical Ceramics Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global ceramics market are Kyocera Corporation, CeramTec GmbH, Morgan Advanced Materials, McDanel Advanced Ceramic Technologies, Superior Technical Ceramics, Rauschert Steinbach GmbH, NGK Spark Plug Co Ltd, Saint Gobain, Coorstek Inc., and Ceradyne Inc.
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B. Ceramic Tube Market
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What can you expect from the report?
The Technical Ceramics Market is Prepared with the Main Agenda to Cover the following 20 points:
- Technical Ceramics Market Size by Product Categories & Application
- Technical Ceramics Market trends & Relevant Market Data
- Manufacturer Landscape
- Distributor Landscape
- Pricing Analysis
- Top 10 End-user Analysis
- Product Benchmarking
- Product Developments
- Mergers & Acquisition Analysis
- Patent Analysis
- Technical Ceramics Market Demand Analysis (Revenue & Volume)
- Country-level Analysis
- Competitor Analysis
- Technical Ceramics Market Shares Analysis
- Value Chain Analysis
- Technical Ceramics Market Supply Chain Analysis
- Technical Ceramics Market Strategic Analysis
- Technical Ceramics Market Current & Future Market Landscape Analysis
- Technical Ceramics Market Opportunity Analysis
- Technical Ceramics Market Revenue and Volume Analysis
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