(PharmaNewsWire.Com, November 01, 2022 ) The report "Technical Ceramics Market by Material (Oxide, Non-oxide), Product (Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings), End-Use Industry (Electronics & Semiconductor, Automotive, Energy & Power, Medical, Others), and by Region - Global Forecast to 2021", The market size of technical ceramics is estimated to grow from USD 5.86 Billion in 2015 to USD 8.49 Billion by 2021, at a CAGR of 6.43%. The market is driven by improved environmental resistances and growing demand of technical ceramics in the medical industry.
Among the regions considered, Asia-Pacific, South America, and the Middle East & Africa are estimated to witness high growth during the forecast period. Also, the demand across these regions is reinforced by the emerging markets, namely, China and India.
Asia-Pacific: The Largest Market for Technical Ceramics
Asia-Pacific is currently the largest market for technical ceramics. The U.S. is the largest market for technical ceramics in the North American region. Forces driving the market for technical ceramics in North America are: • Presence of major manufacturers of technical ceramics in the region • Growing end-use industries, such as electronics & semiconductor and medical, in major countries such as the U.S. and Canada.
Browse In-Depth TOC On "Technical Ceramics Market” 141 - Market Data Tables 60 - Figures 174 - Pages
Electronics & Semiconductor: The Largest End-use Industry of the technical Ceramics Market
Technical ceramics are used in various end-use industries such as electronics & semiconductor, automotive, energy & power, medical, military & defense, industrial, and others. These are the main end-use industries considered in the report. The electronics & semiconductor end-use industry was estimated to account for the largest market share, in terms of value as well as volume, followed by automotive, energy & power, industrial, medical, and military & defense industries, in 2016. The medical industry is estimated to grow at the highest CAGR between 2016 and 2021, in terms of value, among all the industries considered.
The key players in the technical ceramics market are CeramTec GmbH (Germany), Kyocera Corporation (Japan), Morgan Advanced Materials (U.K.), Saint-Gobain Ceramic Materials (U.S.), McDanel Advanced Ceramic Technologies (U.S.), Ceradyne, Inc. (3M Company) (U.S.), Rauschert Steinbach GmbH (Germany), Dyson Technical Ceramics Limited (U.K.), Superior Technical Ceramics (U.S.), NGK Spark Plug Co., Ltd. (Japan), and other local players.
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