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Rise in Demand from Automobile and Electronic Industry Anticipated to Drive Global Technical Ceramics Market

10-29-2021 02:08 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt Ltd

Rise in Demand from Automobile and Electronic Industry

Technical ceramics are also recognized as industrial ceramics or engineering ceramics or advanced ceramics. They are high-performance ceramics, specially designed for technical applications rather than decorative. Some of the essential features of technical ceramics are excellent ballistic properties, optimum malleability, high mechanical strength, low weight and among others, expanding its applications from defense to the space sectors, as a feasible material. Additionally, some of the key properties include high-temperature stability, semi conductivity, high stiffness, nonlinear resistance, and low thermal expansion. They possess high compression strength, bending strength, and tensile strength. They are widely used in the healthcare industry, electronics & semiconductor industry, and automotive industries. Furthermore, they also find extensive applications in the medical sector mainly in the dental field for the replacement of hard tissue for instance teeth.

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Most common technical ceramic-based products are ballistic protection, gas burner nozzles, and nuclear fuel uranium oxide pellets, coatings of jet engine turbine blades, biomedical implants, ceramic disk brake, bearing (mechanical), and missile nose cones and among others. They are also used as tiles in the space shuttle program in the space sector. Increasing awareness about the benefits provided with the use of technical-ceramics over predictable products is driving the demand for technical ceramic market in coming years.

Referring to study, ‘Global Technical Ceramics Market, 2021-2027’ the key companies operating in the global technical ceramics market include Compagnie de Saint-Gobain S.A., Morgan Advanced Materials plc, CeramTec GmbH, CoorsTek Inc., NGK Spark Plug Co., Ltd., 3M Company and among others. These renowned companies are adopting numerous strategies for instance product launch, research & developments in the technical ceramics product performance and others for maintaining the position in the market.

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Based on product type, technical ceramics market is segmented into oxide ceramics and non-oxide ceramics. Oxide ceramics include Titanate Ceramics, Alumina Ceramics and Zirconia Ceramics. Non-oxide ceramics include Silicon Nitride, Alumina Nitride and Silicon Carbide. In addition, based on application, market is segmented into medical, defense, automotive, electrical & electronics, and power.

Emergence of technical ceramics as a substitute to metal, followed by rise in demand for technical ceramics in the medical end-use industry and growth in demand for technical ceramics due to its superior properties are some major factors, which are responsible for growth of the technical ceramics market. However, high customization requirement of end-use industries and high energy costs for manufacturing technical ceramics may impact the market. Moreover, growth of nanotechnology and incorporation of low-cost production technologies are leading opportunities for market.

Based on regional analysis, the North-America is a leading region in ‘Global Technical Ceramics Market’ owing to rise in demand for technical ceramics in the automobile & electronic industry, growth in the semiconductor industry, increase in per capita disposable income and growth in population across the region. The Europe and Asia-Pacific regions are estimated to witness higher growth rate due to presence of large automobile companies and increase in emphasis on research for new product development over the forecast period. It is anticipated that future of the global technical ceramics market will be bright on account of rise in use in the environmental and medical sectors during the forecast period.

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https://www.kenresearch.com/manufacturing-and-construction/construction-materials/technical-ceramics-market/434086-97.html

Related Reports

https://www.kenresearch.com/manufacturing-and-construction/construction-materials/technical-ceramics-market/415205-97.html

https://www.kenresearch.com/consumer-products-and-retail/home-and-office-furnishings/technical-ceramics-market/314340-95.html

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