Press release
Monolithic Ceramics Market Forecast Showing 7% CAGR to 2024 | Top Key Players - CeramTec North America, Morgan Advanced Materials, KYOCERA Document Solutions America, Inc., Murata, Corning Incorporated, CoorsTek, Inc., Ceradyne, Inc.
Monolithic Ceramics Market
The acquisition of Ceradyne by 3M, the mining and manufacturing conglomerate in the year 2012, for instance, opened up a pool of opportunities for the former to deeply exploit monolithic ceramics industry space. With this integration, California based Ceradyne accessed 3M’s global reach, operational discipline, and product innovation tactics, while 3M on the other hand, got an opportunity to bring forth advanced ceramics systems in the industry via Ceradyne’s technical expertise. The industry is further projected to be strongly characterized by such alliances in the coming years. As per the estimates, monolithic ceramics industry is slated to register a CAGR of 7% over 2017-2024.
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Monolithic Ceramics Market size will exceed USD 30 billion by 2024; according to a new research report by Global Market Insights, Inc.
1. Industry impact forces
• Growth drivers
• High growth in the Asia Pacific electronics industry
• Rising demand for ceramics in medical applications
2. Industry pitfalls & challenges
• High production cost of monolithic ceramics
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.
Monolithic ceramics market from electrical and electronics applications
Procuring more than 50% of the overall monolithic ceramics industry share in yesteryear, electrical and electronics is a profound application driving the market commercialization. Decoupling capacitors are extensively deployed across a wide range of semiconductor devices. Monolithic ceramics act as a dielectric in these fixed value capacitors.
In fact, monolithic ceramics capacitors are widely used in microcomputers, microprocessors, FPGAs for proper operation of the devices. The number of monolithic ceramics capacitors used in semiconductor devices is huge. These capacitors play dual roles- firstly to supply power to the semiconductor devices and secondly to shunt the noise component to ground.
Electronic device Approximate number of monolithic ceramics capacitors used
Notebook computer 730
Digital TV 1000
Digital Camcorder 400
Car Navigation System 1000
Mobile Phone 230
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. 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.
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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Advanced Ceramics Manufacturing
2. CeramTec North America
3. CoorsTek, Inc.
4. Ceradyne, Inc.
5. Elan Technology Inc
6. Morgan Advanced Materials
7. McDanel Advanced Ceramic Technologies
8. KYOCERA Document Solutions America, Inc.
9. Saint-Gobain Crystals
10. Rauschert GmbH
11. Murata
12. Corning Incorporated
13. Pingxiang Yingchao Chemical Packing CO.,LTD
14. Pingxiang Nanxiang Chemical Packnig Co.,ltd
15. Pingxiang XINGFENG Chemical Packing Co., Ltd
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Monolithic ceramics market from medical applications
Rising demand for advanced ceramics in medical applications will propel the global monolithic ceramics market growth over the forecast timeframe. Technological proliferations have led to an advancement in ceramics innovations, subject to which monolithic ceramics market has profoundly penetrated in the healthcare space recently. Monolithic ceramics are used in the manufacturing of medical devices pertaining to the diagnostics, radiology, implants, and surgical sectors. Bio inertness, thermal stability in sterilizing conditions, resistance to abrasion, and non-magnetizability are some of the functional properties that are fueling the demand for monolithic ceramics in the healthcare industry.
Increasing health consciousness and rising disposable incomes of the consumers are some of the other profound factors driving monolithic ceramics market commercialization. Statistics depict, worldwide, global per capita healthcare spending in 2016 was almost around USD 1000 and is forecast to reach to USD 1650 by the end 2024. In this regard, it is important to note that and North America and Asia Pacific will experience a strong ground, with an estimated healthcare spending increasing by 6% and 4% respectively by the end of 2024. It is, therefore, no surprise for these two regions to witness a strong foothold in monolithic ceramics market. In fact, APAC held the largest revenue share in 2016 and is slated to cross USD 11 billion by 2024.
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.
Monolithic Ceramics Market by Product
• Oxides
• Non-oxides
Monolithic Ceramics Market by Application
• Electrical & electronics
• Automobiles
• Power
• Medical
• Others
Browse key industry insights from the report, “Monolithic Ceramics Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/monolithic-ceramics-market
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.
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.
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