Industrial Ceramics Market prices, markets & analysis, Forecast, Overview
Market Overview:
Technical ceramics are used in a wide range of
end-use industry application owing to their excellent properties such as
chemical & heat resistance and mechanical stresses among others. It is
extensively used in applications such as medical devices, transport equipments,
sports equipments, armour material, circuit carriers and others. The rising
growth pharmaceutical and automotive industry across the globe is substantially
affecting the growth of the technical ceramics market. The global technical
ceramics market is being driven by a range of application in various end-use
industries such as automotive, energy & power, pharmaceuticals, military
& defense and other. Moreover, it is estimated that the electrical and
electronics industry is set to witness the highest growth due to the growing
consumption in applications such as core materials, circuit carriers, and
ceramic substrates in the forecast period, 2017-2023.
Market Segmentation:
The global Industrial Ceramics Market is segmented
into product type, material, and end-user. On the basis of the product type,
the market is segregated into monolithic ceramics, ceramic matrix composites,
ceramic coatings and others. The market by material is segmented into oxide and
non-oxide. The market by end user industry is further categorized into
electronics & semiconductor, automotive, energy & power, pharmaceuticals,
military & defense and others.
Market Scenario:
The electrical and electronic segment followed by
the automotive end-user segment are anticipated to observe a higher CAGR during
the forecast period. The properties such as corrosion resistance, heat resistance
makes the use of technical ceramics in applications such as sensors in cars,
circuit carries and other electronics components.
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Regional Analysis:
The global technical ceramics market is spanned
across five key regions: Asia Pacific, North America, Europe, Latin America,
and the Middle East & Africa. Among these, Asia Pacific holds a major share
of the market and is expected to be the fastest growing region at a
considerably higher CAGR. The presence of the most populated countries of the
world such as India and China has augmented the demand for various sectors such
as the electronics and automotive among others, which, in turn, is anticipated
to fuel the demand for technical ceramics in the region. Moreover, the growing
demand for energy has augmented the power sector industry, mainly in India and
China which in turn is expected to positively affect the growth of the market.
The European region is estimated to witness a significant growth in the
countries owing to the burgeoning pharmaceutical and automobile industry. The
increasing use of technical ceramics owing to its enhanced strength, chemical
and heat stability among others has increased the adoption rate in the region.
Moreover, the growing application in the environmental engineering coupled with
the increase government participation in the conservation of environment is
further burgeoning the usage of the product in this region. The North American
technical ceramics market is mainly driven by the U.S. and Canada. The presence
of the developed end-user industries such as automotive and electronics coupled
with the increasing adoption rate is contributing significantly to the growth
of the market. Moreover, the growing investment in energy and defense sector is
further expected to add fuel to the growth of the market.
Competitive Analysis:
Some of the prominent players operating in the
global technical ceramics market CeramTec GmbH (Germany), Kyocera Corporation
(Japan), Morgan Advanced Materials (U.K), Saint-Gobain Ceramic Materials
(U.S.), McDanel Advanced Ceramic Technologies (U.S.), 3M Company (U.S.),
Rauschert Steinbach GmbH (Germany), Dyson Technical Ceramics Limited (U.K),
Superior Technical Ceramics (U.S.), and NGK Spark Plug Co., Ltd. (Japan) among
others.
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