Technical ceramics Market Report Trends, Analysis, Share, Estimates, Application

Posted by Nikhil khadilkar on July 30th, 2019

Market Overview:

Technical Ceramics Market 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.

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Market Segmentation:

The global technical ceramics market is segmented into product type, material, and end-user. Based on 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.

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.

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 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.

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