Porous Ceramics Market– Statistics And Analysis & Forecast To 2025

Posted by Mrudula Anil Karmarkar on November 1st, 2021

The global porous ceramics market size is expected to reach USD 12.4 billion by 2025, growing at a CAGR of 11.4%, according to a new report by Grand View Research, Inc. Expansion of the medical industry across the globe coupled with the use of advanced devices and tools is projected to propel the market growth.

Factors such as toughness and strength of the porous ceramics is projected to augment its demand in various medical applications such as acetabular cups and femoral heads for hip replacement, dental implants and restorations, bone fillers, and scaffolds for tissue engineering. This is anticipated to propel the demand for porous ceramics in the medical industry, thereby driving the market growth.

Growing use of raw materials such as alumina and zirconia across various industries owing to properties such as stability, purity, and chemical inertia is likely to result in increased raw material cost. This is projected to limit the market growth over the forecast period. However, rising use of porous ceramic filtration and insulation products in the industrial sector is anticipated to fuel the market growth.

Porous ceramics have low density, low thermal conductivity, low mass, low dielectric constant, thermal stability, high mechanical strength, high permeability, high resistance to chemical attack, and high wear resistance. These properties of the product make it acceptable across various industries such as electrical, automotive, semiconductor, and medical, thereby resulting in high product demand.

Rising healthcare concerns among people coupled with the implementation of advanced medical technologies are projected to propel the demand for porous ceramics in the medical industry. In addition, growing spending capacity of individuals and increased government spending towards the expansion of the healthcare sector in developing economies is anticipated to fuel the market growth.

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Porous ceramic filter materials are resistant to corrosion, temperature, and pressure, which promotes their usage in industrial processes to remove impurities and improve the quality of the final product. The growing adoption of filtration and separation products in the industrial sector is projected to promote the demand for porous ceramic filtration products. Rapidly growing population across the globe is projected to propel the demand for production, thereby resulting in increased manufacturing efficiency for industrial products, transportation, infrastructure, and food and beverages. This is anticipated to promote the need for the implementation of filtration and separation technology, thereby propelling the market for porous ceramics.

Further key findings from the report suggest:

• Alumina ceramics raw material segment dominated the porous ceramics market in 2018 and is estimated to generate revenue of USD 4.8 billion in 2025, owing to their increasing use in industries such as semiconductor, electrical, and medical
• The filtration product segment is anticipated to exhibit a CAGR of 10.3% from 2019 to 2025 in terms of revenue due to rising use of filtration products in the industrial processing
• The medical application segment is estimated to witness a CAGR of 13.9% owing to rising healthcare spending across the globe, coupled with increased product penetration in the medical industry
• Asia Pacific was valued at USD 2.3 billion in 2018 and is projected to witness gains over the forecast period owing to the expansion of the industrial sector in the region, which further promotes the demand for porous ceramic filtration products
• Key participants are engaged in R&D activities to design and develop innovative processing technologies to cater the increasing product demand across various industries.

The prominent market players compete on the basis of product quality and price in order to increase the application scope of the product in industries including healthcare, aerospace, oil and gas, and mining. In addition, the companies operating across the globe invest in the R&D to manufacture porous ceramic products with superior durability with extended lifespan.

Major market players include STC Superior Technical Ceramics Corp.; CoorsTek Inc.; Rauschert GmbH; Nishimura Advanced Ceramics; Selee Corporation; Refractron Technologies Corp.; KeraNor AS; Lianyungang Henka Ceramics Technology Co., Ltd.; Noritake Co., Limited; Xiamen Innovacera Advanced Materials Co., Ltd. (INNOVACERA); Toto Ltd.; Kyocera Corporation; LAM Research Corporation; NGK Spark Plug Co., Ltd.; and Applied Materials, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.