Press release
Porous Ceramics Market trends, Top Companies, Share, Growth And Forecast 2033
Porous Ceramics Market
The Business Research Company presents an extensive market research report on the Porous Ceramics Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The porous ceramics market size has grown rapidly in recent years. It will grow from $8.01 billion in 2023 to $8.97 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to demand in filtration and separation applications, growth in the oil and gas industry, expansion of ceramics in aerospace and defense, use in high-temperature and corrosive environments, regulatory standards for air and water quality..
The porous ceramics market size is expected to see rapid growth in the next few years. It will grow to $13.95 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to sustainable and eco-friendly porous ceramic materials, customized ceramics for specific filtration needs, growth in renewable energy and fuel cell applications, expansion of ceramics in the automotive sector, increased use in 5g infrastructure and sensors.. Major trends in the forecast period include nanoporous ceramics for advanced filtration, regulatory compliance in ceramic material safety, 3d printing and additive manufacturing in ceramics, personalized ceramics for precision medicine, transparent and optically functional ceramics..
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Key Market Players:
Rauschert GmbH, Noritake Co. Limited, Selee Corporation, CoorsTek Inc., Innovacera Advanced material Co. Ltd., Nishimura Advanced Ceramics Co. Ltd., Morgan Advanced Materials plc, Superior Technical Ceramics Corp., Toto Ltd., NGK Spark Plug Co. Ltd., Refractron Technologies Corp., Lam Research Corporation, Lianyungang Henka Ceramics Technology Co. Ltd., Kyocera Corporation, ThomasNet, Saint-Gobain Company, Corning Incorporated, CeramTec Ltd., Ibiden Co. Ltd., Pingxiang Chemshun Ceramics Co. Ltd., Sentro Tech Corporation, Ferro Corporation, McGeoch Technology Limited, SCHOTT AG, Mantec Technical Ceramics Ltd., TQ Abrasive Machining, Alumina Products Inc., Teceram Ltd., Advanced Ceramics Manufacturing, Precision Ferrites & Ceramics Inc. are prominent players in the industry.
Market Drivers:
The increasing demand for medical equipment will propel the growth of the porous ceramic equipment market. Medical equipment refers to the devices used for different medical purposes. Porous ceramics are used in medical devices for total hip replacement, dental implants and restorations, bone fillers, and scaffolds for tissue engineering. As a result, increasing demand for medical equipment increases the demand for porous ceramics. For instance, according to the India Brand Equity Foundation (IBEF), an India based government agency, the medical devices industry is expected to reach $50 billion at a CAGR of 37% by 2025, up from $10.36 billion in 2020. Therefore, the increasing demand for medical equipment in the healthcare sector is driving the growth of the porous ceramic market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/porous-ceramics-global-market-report
Market Segments Include:
1) By Product Type: Oxides Ceramics, Non-Oxides Ceramics
2) By Raw Material: Alumina Ceramics, Titanate Ceramics, Zirconate Ceramics, Ferrite Ceramics, Aluminum Nitride, Other Raw Materials
3) By Application: Filtration, Insulation, High Purity Materials, Structural Components, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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