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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.
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 an 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 growing 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 is anticipated to observe CAGR of 5% during the forecast period of 2019 to 2025.
· Medical Industry- Bio-Ceramics
Technical ceramics are used in artificial organic implants, especially for hip joints for 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 is set to reinforce the industry because most of the aircraft are packed with electronics. Piezoelectric ceramics is 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 technical ceramics market.
· Aerospace Manufacturing[Pk1]
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[Pk2]
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 efficient than metal and are more durable than plastic.
Some of the key companies identified in the report that are currently holding majority shares in the global technical 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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The technical ceramics market is prepared with the main agenda to cover the following 20 points:
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.