Monolithic Ceramics Market to grow at over 7% CAGR from 2017 to 2024
The product finds broad applications in the medical industry as machine components for diagnostics and radiology, as implants, and in some cases, even in the surgery of stones. The product’s properties such as bio-inertness, resistance to abrasion, stability in sterilizing conditions, and non-magnetizability will increase its demand in the healthcare industry and will drive the monolithic ceramics market till the end of the forecast period.
Rising income levels in developing countries along with government initiatives to decrease their countries mortality rates has led to increased spending in the healthcare industry which will in turn contribute to the monolithic ceramics market development. Global per capita medical expenditure was around USD 1,000 in 2016 and will likely exceed USD 1,650 in 2024. Asia Pacific and North America will witness robust growth in the medical sectors in coming years with healthcare spending increasing by more than 4% and 6% respectively during the forecast period and will boost the global monolithic ceramics market development.
Request for a sample of this research report @ https://bit.ly/2w9hnHe
Increasing concern about deteriorating environmental conditions in many regions of the world will provide a tremendous opportunity for the global monolithic ceramics market. These are widely used in pollution control devices of automobiles. Stringent norms regarding the emission of greenhouse gases from automotive exhausts will likely boost the product demand in these devices in the near future.
Non-oxides and oxides are the two product segments in the monolithic ceramics market. Oxides segment revenue will exceed USD 17 billion in 2024 and is likely to account for majority of the industry share. Non-oxides segment will grow by a CAGR of over 7.5% in the upcoming years. This segment’s progress will be boosted by its usage in structural applications owing to its corrosion resistance and high temperature properties.
Global monolithic ceramics market is categorized on the basis of application into automotive, electrical & electronics, medical, power, and others including defense applications, plastic manufacturing, etc.
Make an Inquiry for purchasing this report @ https://bit.ly/2yEphuq
Automotive segment will register over a tenth of the total monolithic ceramics market in 2024, while medical application segment will gain market share in the forecast period and will register a revenue exceeding USD 4.5 billion by 2024. The product finds wide usage in medical implants and diagnostic tools. Rising medical expenditure in developing nations will augment this segment’s growth in next seven years.
In 2016, Asia Pacific was the largest contributor to the monolithic ceramics market and will hold sway over the forecast period owing to robust growth in electrical & electronics industry in the region. It will generate a revenue exceeding USD 11 billion in 2024, rising by around 8% CAGR. Increasing demand for automobiles as well as developments in medical industry will also favor the regional industry growth. Latin America monolithic ceramics market will experience growth of about 6.5% CAGR in the forecast timeframe. Oxides product segment will hold a majority of the Latin American monolithic ceramics market through the forecast period.
Advanced Ceramics Manufacturing, CoorsTek, CeramTec, Ceradyne, Morgan Advanced Materials, Elan Technology, McDanel Advanced Ceramic Technologies, Corning Inc., Saint-Gobain Ceramic Materials, KYOCERA Corporation, Murata Manufacturing Company, Rauschert GmbH, Pingxiang NANXIANG Chemical Packing Company, Pingxiang Xingfeng Chemical Packing Company, and Pingxiang Yingchao Chemical Packing Company are the top manufacturers in the global monolithic ceramics market.
Chapter 4. Monolithic Ceramics Market, By Product
4.1. Global monolithic ceramics market share by process, 2016 & 2024
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Monolithic Ceramics Market to grow at over 7% CAGR from 2017 to 2024 here
News-ID: 1094263 • Views: 162
More Releases from Global Market Insights, Inc.
Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing
More Releases for Ceramic
Ceramic Substrates Market
The Ceramic Substrates Market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the Ceramic Substrates Industry forecast period is 2018 to 2025. Major players in Ceramic Substrates Market have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in Ceramic Substrates Market. The Global
Automotive Carbon Ceramic Brakes
The Insight Partners added “Automotive Carbon Ceramic Brakes Market to 2025 - Global Analysis and Forecasts by Vehicle Type, and Sales Channel” to its research database. The report is spread across 150 pages and supported by 10 company leaders. Carbon ceramic brakes possess braking system component made of ceramic material. Although, ceramic brakes are around for a long time now and are widely deployed in aircraft and railways. These are uncommonly
Ceramic Nanocomposites Market Report 2017
About Ceramic Nanocomposites Market In this report, the Asia-Pacific Ceramic Nanocomposites market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Access Full Report: https://www.reportsandmarkets.com/reports/asia-pacific-ceramic-nanocomposites-market-report-2017-1622903 Geographically, this report split Asia-Pacific into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of Ceramic Nanocomposites for
AlN Ceramic Substrates Market
Aluminum nitride (AlN) is the only technical ceramic material that features an extremely interesting combination of very high thermal conductivity and excellent electrical insulation properties. The scope of the Report: This report focuses on the AlN Ceramic Substrates in United States market, to split the market based on manufacturers, states, type and application. Sample Report Request: https://www.reportsandmarkets.com/sample-request/united-states-aln-ceramic-substrates-market-to-2022-1622846 There are 17 Chapters to deeply display the United States AlN Ceramic Substrates market. Chapter 1, to describe
Ceramic Drivers for Higher Precision
Piezo stepping drives replace the usual stepper or DC motors in the linear actuators of the N-381 series from Physik Instrumente (PI). As a direct linear drive the stepping drive is free of precision losses due to the exchange from rotational to linear motion. The N-381 can be operated at a velocity of 10 mm/s, provides resolutions of 20 nanometers, the position is measured using an integrated linear encoder. The
PI Ceramic on Continuous Growth
PI Ceramic, one of the world’s market leaders for piezoelectric actuators and sensors, reports a favorable sales trend: the record result from the year 2007 was exceeded in 2010 by nearly 30%. Albrecht Otto, Managing Director, has good reason to be pleased: After having declining sales in the years 2008 and 2009, those markets that are supplied directly by PI Ceramic with piezo components in different refinement steps have shown