IMARC Group, a leading market research company, has recently releases report titled “Technical Ceramic Market Report by Material Type (Oxide Ceramic, Non-Oxide Ceramic), Product (Monolithic Ceramics, Ceramic Coatings, Ceramic Matrix Composites (CMC)), End Use Industry (Electronics and Semiconductor, Automotive, Energy and Power, Medical, Military and Defense, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global technical ceramic market share.
How Big is the Technical Ceramic Market?
The global technical ceramic market size reached US$ 84.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 128.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.
Industry Overview of Technical Ceramic
Technical ceramics, also known as engineered ceramics, are high-performance materials that are specifically engineered to possess enhanced physical and chemical properties. They involve precise composition and manufacturing processes that provide enhanced hardness, resistance to extreme temperatures, and corrosion resistance. They offer improved insulating properties to prevent electrical leakage or short circuits in electronic devices. As a result, technical ceramics are widely employed in the electronics, aerospace, automotive, and medical industries across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/technical-ceramic-market/requestsample
What are the growth prospects and trends in the technical ceramic industry?
At present, the increasing utilization of technical ceramics in medical applications, such as implants and prosthetics, due to their biocompatibility, represents one of the major factors contributing to the growth of the market. Additionally, the rising adoption of technical ceramics, as they are lightweight as compared to various other metals, is bolstering the growth of the market.
Besides this, the growing popularity of the miniaturization of electronic components is offering a positive market outlook. Moreover, the rising adoption of technical ceramics in the aerospace sector due to their enhanced durability is providing lucrative growth opportunities to industry players.
Furthermore, the increasing demand for technical ceramics, as they withstand extreme temperatures without losing their structural integrity or mechanical properties, is strengthening the growth of the market. Apart from this, the rising employment of technical ceramics in thermal management applications is impelling the growth of the market.
Leading Companies Operating in the Global Technical Ceramic Industry:
- 3M Company
- Bakony Technical Ceramics
- CeramTec GmbH
- Compagnie de Saint-Gobain S.A.
- CoorsTek Inc.
- Elan Technology
- General Electric Company
- KYOCERA Corporation
- Mantec Technical Ceramics Ltd.
- Morgan Advanced Materials plc
- NGK Spark Plug Co. Ltd.
- Rauschert GmbH.
Technical Ceramic Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Material Type:
- Oxide Ceramic
- Non-Oxide Ceramic
Breakup by Product:
- Monolithic Ceramics
- Ceramic Coatings
- Ceramic Matrix Composites (CMC)
Breakup by End Use Industry:
- Electronics and Semiconductor
- Automotive
- Energy and Power
- Medical
- Military and Defense
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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