Nanoceramic Powder Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020

Nanoceramics are the latest development in the ceramics market and are more advanced compared to the traditional ceramics. Over the past decade a lot of research activities have been undertaken and nanoceramics have received attention owing to theirsuperior properties compared to bulk ceramics. Nanoceramics are defined as ceramic material comprising of particles with diameter equal to or lesser than 100 nanometers. The properties of nanoceramics can be distinguished from traditional ceramics. Owing to the nano size of the nano particle powders, it presents a greater surface area to substances which comes in contact with the particles. This results in increased reactivity with the target reactant and is highly useful in applications which require high rate of reaction. Moreover nanoceramics exhibit very unique properties such as bioactivity, strength, toughness, superplasticity and machinability due to its high grain boundaries and controllable crystalinity.

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Nanoceramics market is in nascent stage as compared to traditional bulk ceramics. However it has shown tremendous promise and has been implemented in various applications while several emerging technologies can use nanoceramic powders in the near future. The nanoceramics market is driven by its application in electronics industry. Owing to its inherent conducting and insulating properties it is widely used in construction of new generation high speed computer chips. It is also used in other aspects of the electronics industry. Apart from the electronics industry nanoceramic powders find application in the medical industry as well. It is being increasingly used to manufacture artificial bone implants and other organs. As it works on a nanoscale it enables the device manufacturers to ascertain the level of interaction of the particles with the human body and fine tune its application so as to deem fit for bodily acceptance. Owing to the conducting properties they are also used in power generation. However the application is limited as of now. Nanoceramic powders also have applications in the manufacturing of consumer goods and weapons. Nanoceramics are also used in the construction industry

Although nanoceramic powders have exhibited huge potential for applications in several industries, it is still being researched and commercial production of nanoceramic powder is limited, thereby limiting the extent of applicability.

Tremendous opportunities exist for the market and through advancing technology and sustained research the market is set to become more attractive. It has potentially huge application in space exploration technology as well as in the production of photovoltaic (PV) solar cells. Solar power technology is one of the most attractive means of renewable and sustainable energy in the world and has picked pace over the past decade. Application of nanoceramics in this field is expected to propel the market for nanoceramics in the foreseeable future.

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North America is largest market for nanoceramic powders as most of research and development work has been undertaken in the U.S. Europe is the second largest market for the material with increasing demand generated by various industries. Asia Pacific market is in a very nascent stage with limited applicability of nanoceramic powders. Japan and Korea are the leading countries in this region. However with increasing prosperity and income level, Asia Pacific holds tremendous promise of growth.

Some of the key players in the nanoceramic market are Innovnano, Synkera Technologies, Inc. and Nitto Denko Corporation among others.

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