Press release
Asia Pacific Monolithic Ceramics Market Size 2017 – 2024 To Gain Remarkable Traction From Electrical & Electronics
Monolithic Ceramics Market
Thriving worldwide electronics industry will be over USD 2.8 trillion by 2024 and will be a key driver for monolithic ceramics market in the near future. In 2016, the worldwide mobile phone user penetration was about 62% of global population which will reach more than 70% by 2024. The upsurge will be attributed to easy availability of smartphones at a wide range of prices along with the growing popularity of gadgets including notebooks, laptops, etc. These trends present brighter growth opportunities for the monolithic ceramics market throughout the forecast years.
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Rising inclination in medical sector towards usage of advanced ceramics will also drive monolithic ceramics market development in the coming years. The growth will be mainly attributed to the product characteristics such as abrasion resistance, sterilization stability, bio-inertness, non-magnetizability etc. Increasing investments in medical sector will also positively influence product market growth. For instance, in 2024, the global medical expenses per capita will surpass USD 1,650, rising from USD 1,000 in 2016
The monolithic ceramics market might be subjected to certain growth restraints in the forecast years such as higher energy costs involved in its production. Owing to the higher costs of manufacturing, attainment of competitive pricing will become a rare phenomenon for the industry participants. These traits also pose significant threats to the new market entrants.
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
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
The oxides segment will register revenue over USD 15 billion by the end of the forecast time. The non-oxides product segment will flourish with CAGR more than 7% by 2024. This segment's development will be mainly attributed to its employability in constructional structural applications supported by its high temperature and corrosion resistance properties.
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Considering the application segment, the has been divided into automotive, medical, power, electrical & electronics, and others such as plastic manufacturing, defense applications, etc. The medical segment will observe a revenue beyond USD 4 billion by the end of the forecast time. The automotive category will account for more than 10% of the overall monolithic ceramics market share in 2024. Expanding medical spending in developing economies will enhance segment's development in the near future, as the product is widely used in diagnostic tools and medical implants.
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
Key industry participants in monolithic ceramics market consist of CoorsTek, Advanced Ceramics Manufacturing, Ceradyne, Morgan, Corning, CeramTec, Elan Technology, KYOCERA, Saint-Gobain Ceramic Materials, Pingxiang Yingchao Chemical Packing Company, McDanel Advanced Ceramic Technologies, Rauschert, Pingxiang NANXIANG Chemical Packing, Pingxiang Xingfeng Chemical Packing, and Murata Manufacturing.
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