Technical Ceramics Market Survey, Application, Industry Analysis with Profiled Market Players - CeramTec GmbH, 3M Company, Morgan Advanced Materials, Rauschert Steinbach GmbH, Rauschert Steinbach GmbH

Industry Segments:

The global technical ceramics market is segmented into product type, material, and end-user. On the basis of the product type, the market is segregated into monolithic ceramics, ceramic matrix composites, ceramic coatings and others. The market by material is segmented into oxide and non-oxide. The market by end user industry is further categorized into electronics & semiconductor, automotive, energy & power, pharmaceuticals, military & defense and others.

Top Market Players:

CeramTec GmbH
Kyocera Corporation
Morgan Advanced Materials
Saint-Gobain Ceramic Materials
McDanel Advanced Ceramic Technologies
3M Company
Rauschert Steinbach GmbH
Dyson Technical Ceramics Limited
Superior Technical Ceramics
NGK Spark Plug Co., Ltd.

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Market Scenario:

Technical ceramics are used in a wide range of end-use industry application owing to their excellent properties such as chemical & heat resistance and mechanical stresses among others. It is extensively used in applications such as medical devices, transport equipments, sports equipments, armour material, circuit carriers and others. The rising growth pharmaceutical and automotive industry across the globe is substantially affecting the growth of the technical ceramics market.

The global technical ceramics market is being driven by a range of application in various end-use industries such as automotive, energy & power, pharmaceuticals, military & defense and other. Moreover, it is estimated that the electrical and electronics industry is set to witness the highest growth due to the growing consumption in applications such as core materials, circuit carriers, and ceramic substrates in the forecast period, 2017-2023.

Geographical Analysis:

The technical ceramics market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region with an encouraging CAGR. Growing population and the increasing per capita disposable income in the developing nations are primarily driving the growth of the technical ceramics market. Moreover, the increasing demand for technical ceramics in the automobile and electronic industry mainly in countries such as India, China and Japan is propelling the market growth. Furthermore, factor such as competitive manufacturing cost, encouraging government regulations are other factor contributing to the growth of the market in this region. In addition to this, the growing defense budget coupled with increasing application of technical ceramics in modern armor is also surging the market growth.

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North America is another dominant region in the global market, exhibiting an expanding CAGR. The presence of three big automobile companies namely General Motors, Ford, and Fiat Chrysler has augmented the overall demand for technical ceramics from the automobile industry. Furthermore, developed end user industries such as electrical and electronics and pharmaceutical coupled with the increasing adoption rate are other factors adding to the growth of the market. The U.S. and Canada are the major countries attributing to the growth of the market.

The European region is a lucrative market and is mainly driven by a well-developed automobile and electrical & electronic industry. The growing application in the phramaceuticals and medical devices such as ultrasonic cleaners, lithotripters and orthopedics has further augmented the growth of the market. Moreover, the increasing defence investment in the European region is futher expected to add to the market growth.

Intended Audience:

Technical ceramics market manufacturers
Traders and Distributors of technical ceramics market
Production process industries
Potential investors
Raw material suppliers
Nationalized laboratory

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This release was published on openPR.