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Technical Ceramics Market Insights | Key Players: 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

01-31-2019 08:21 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets™

/ PR Agency: MNM
Technical Ceramics Market Insights | Key Players: CeramTec GmbH

Technical ceramics are inorganic and non-metallic ceramics that excel in terms of their high-temperature stability, hardness, low thermal expansion, and a variety of electrical properties ranging from insulators to semiconductors to highly conductive materials. New product launches was the strategy adopted by the key players to achieve growth in the technical ceramics market between 2011 and 2016. This strategy accounted for the largest share among all the strategies adopted by the market players. These all properties make them suitable for a variety of end-use applications such as electronics & semiconductor, automotive, medical, energy & power, and military & defense,

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Surging energy prices and demand for more technologically advanced ceramics have led various end-use industries to focus on using technical ceramics materials & products, ultimately leading to increase in the demand for technical ceramics. These aspects have encouraged companies to adopt the strategy of expansions, contracts, and agreements in the technical ceramics market. Some of the leading manufacturers of technical ceramics, such as CoorsTek Inc. (U.S.), Kyocera Corporation (Japan), CeramTec GmbH (Germany), Morgan Advanced Materials (U.K.), and Ceradyne Inc. (U.S.), are adopting this strategy to develop their business, globally.

Besides new product launches, the companies have adopted the strategy of expansions, investments, and agreements to expand their market share and distribution network. These strategies also accounted for a significant share of the total number of growth strategies adopted by the players in the global technical ceramics market between 2011 and 2016.

Key companies, such as are CoorsTek, Inc. (U.S.), 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.), and NGK Spark Plug Co., Ltd. (Japan) are the most active players in the global technical ceramics market.

In 2015, CoorsTek Inc. (U.S.) acquired Philips Ceramics operations in the Netherlands to expand its strategic partnership. This would help the company to increase its market in this region. Such moves are a part of the company’s strategies to consolidate and optimize its global production network. In 2013, CeramTec GmbH expanded its technical ceramics production facility of the Marktredwitz plant. These investments helped the company to enhance the production facilities for the advanced ceramics components, mainly of the three divisions such as electronics, medical products, and chemical applications. In 2014, Kyocera Corporation (Japan) introduced new ceramic coated cookware. The new product line features its proprietary ceramic nonstick coating technology which provides superior nonstick performance such as scratch resistance and is very easy to clean.

Technical ceramics are finding increasing acceptance in various applications, such as electronics & semiconductor, automotive, medical, energy & power, and so on. They possess the properties such as high-temperature stability, hardness, low thermal expansion, and are used in various electronics & semiconductor applications.

This report estimates the market size for technical ceramics by material type, by product type, end-use industry, and region, in terms of value & volume. The global technical ceramics market is projected to grow with a CAGR of 6.44% between 2016 and 2021, in terms of value. Improved environmental resistances are the major driver for the technical ceramics market. The trend of using technical ceramics applications in various end-use industries, due to its high-temperature stability and low thermal expansion properties, is projected to increase the global technical ceramics market.

Asia-Pacific dominated the technical ceramics market in 2015, in terms of value & volume, followed by North America and Europe. The developed regions, such as Europe and North America, are relatively mature markets compared with Asia-Pacific and RoW. Asia-Pacific is projected to witness the highest growth rate between 2016 and 2021. The market in this region is experiencing increase in the demand for technical ceramics from electronics & semiconductor, energy & power, medical, automotive, industrial, military & defense, and other end-use industries. In Asia-Pacific, India is projected to be the market with the highest CAGR during the forecast period. China has been an export-oriented country; however, the growing domestic demand is expected to increase the domestic consumption of technical ceramics.

In the end-use industry segment, the medical industry is projected to witness the highest growth rate between 2016 and 2021. The demand is driven by the increasing use of technical ceramics in medical devices and implants that are used for bone and tooth replacement.

The non-oxide segment of the market is estimated to register the highest CAGR between 2016 and 2021. The demand for non-oxide technical ceramics is growing due to their physical properties such as high-temperature stability, hardness, low thermal expansion, and electrical insulation. These are the major factors driving the non-oxide ceramics market.

Read More Context at https://www.marketsandmarkets.com/Market-Reports/technical-ceramics-market-139808305.html

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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