Press release
Porous Ceramics Market to Reach $13.95B by 2028 at 11.7% CAGR, Driven by Sustainable and Customized Solutions
Porous Ceramics Market Report
Porous Ceramics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $13.95 billion In 2028 At A CAGR Of 11.7%:
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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Porous Ceramics Market Major Segments
The porous ceramics market covered in this report is segmented -
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
Key Driver - Fulfilling Healthcare Needs The Surging Demand For Porous Ceramics In Medical Equipment
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.
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Prominent Trend - Elevating The Porous Ceramics Market Fortify And Tethon 3D's Synergistic Partnership
Strategic partnerships have emerged as a key trend gaining popularity in the porous ceramics market. Major companies operating in the porous ceramics sector are looking for partnerships to strengthen their position in the market. For instance, in August 2021, Fortify, a US-based 3D printing startup, partnered with Tethon 3D, a US-based company that provides porous ceramic 3D printed materials. The partnership allows both companies to serve a variety of additive manufacturing applications as well as classified projects with government agencies.
Porous Ceramics Market Players
Major companies operating in the porous ceramics market include 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.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the porous ceramics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the porous ceramics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Porous Ceramics Market Report Structure
3. Porous Ceramics Market Trends And Strategies
4. Porous Ceramics Market - Macro Economic Scenario
5. Porous Ceramics Market Size And Growth
…..
27. Porous Ceramics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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