Technical Ceramics Market | share, Size, Trends, Demand and Forecast 2023 - 3M Company, Morgan Advanced Materials, CeramTec GmbH, Morgan Advanced Materials

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. 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.

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Major Competitors:

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.

Indusrtry 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.

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

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Geographical Insights:

The North American technical ceramics market is mainly driven by the U.S. and Canada. The presence of the developed end-user industries such as automotive and electronics coupled with the increasing adoption rate is contributing significantly to the growth of the market. Moreover, the growing investment in energy and defense sector is further expected to add fuel to the growth of the market.

Asia Pacific holds a major share of the market and is expected to be the fastest growing region at a considerably higher CAGR. The presence of the most populated countries of the world such as India and China has augmented the demand for various sectors such as the electronics and automotive among others, which, in turn, is anticipated to fuel the demand for technical ceramics in the region. Moreover, the growing demand for energy has augmented the power sector industry, mainly in India and China which in turn is expected to positively affect the growth of the market.

The European region is estimated to witness a significant growth in the countries owing to the burgeoning pharmaceutical and automobile industry. The increasing use of technical ceramics owing to its enhanced strength, chemical and heat stability among others has increased the adoption rate in the region. Moreover, the growing application in the environmental engineering coupled with the increase government participation in the conservation of environment is further burgeoning the usage of the product in this region.

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This release was published on openPR.