Monolithic Ceramics Market 2017, Industry Outlook, Competitive Analysis & Forecast by 2024

Rising demand for advanced ceramics in medical applications will propel the global monolithic ceramics market growth over the forecast timeframe.
Monolithic ceramics market has been one of the most burgeoning business fraternities considering its diversified application forum.

The industry is strongly driven by extensive research and development activities and the presence of numerous medium to large scale manufacturers. Strategic partnerships and business acquisitions have always been the key growth strategies adopted by the market giants in order to expand the product portfolios and experience a better customer reach from reciprocal approaches.

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The acquisition of Ceradyne by 3M, the mining and manufacturing conglomerate in the year 2012, for instance, opened up a pool of opportunities for the former to deeply exploit monolithic ceramics industry space. With this integration, California based Ceradyne accessed 3M’s global reach, operational discipline, and product innovation tactics, while 3M on the other hand, got an opportunity to bring forth advanced ceramics systems in the industry via Ceradyne’s technical expertise. The industry is further projected to be strongly characterized by such alliances in the coming years. As per the estimates, monolithic ceramics industry is slated to register a CAGR of 7% over 2017-2024.

Procuring more than 50% of the overall monolithic ceramics industry share in yesteryear, electrical and electronics is a profound application driving the market commercialization. Decoupling capacitors are extensively deployed across a wide range of semiconductor devices. Monolithic ceramics act as a dielectric in these fixed value capacitors. In fact, monolithic ceramics capacitors are widely used in microcomputers, microprocessors, FPGAs for proper operation of the devices. The number of monolithic ceramics capacitors used in semiconductor devices is huge. These capacitors play dual roles- firstly to supply power to the semiconductor devices and secondly to shunt the noise component to ground.

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Technological proliferations have led to an advancement in ceramics innovations, subject to which monolithic ceramics market has profoundly penetrated in the healthcare space recently. Monolithic ceramics are used in the manufacturing of medical devices pertaining to the diagnostics, radiology, implants, and surgical sectors. Bio inertness, thermal stability in sterilizing conditions, resistance to abrasion, and non-magnetizability are some of the functional properties that are fueling the demand for monolithic ceramics in the healthcare industry. Increasing health consciousness and rising disposable incomes of the consumers are some of the other profound factors driving monolithic ceramics market commercialization. Statistics depict, worldwide, global per capita healthcare spending in 2016 was almost around USD 1000 and is forecast to reach to USD 1650 by the end 2024. In this regard, it is important to note that and North America and Asia Pacific will experience a strong ground, with an estimated healthcare spending increasing by 6% and 4% respectively by the end of 2024. It is, therefore, no surprise for these two regions to witness a strong foothold in monolithic ceramics market. In fact, APAC held the largest revenue share in 2016 and is slated to cross USD 11 billion by 2024.

Monolithic Ceramics Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. High growth in the Asia Pacific electronics industry
3.4.1.2. Rising demand for ceramics in medical applications
3.4.2. Industry pitfalls & challenges
3.4.2.1. High production cost of monolithic ceramics
3.5. Growth potential analysis
3.6. Technology trends
3.7. Regulatory trends
3.7.1. U.S.
3.7.2. Europe
3.7.3. China
3.8. Porter’s analysis
3.9. Company market share analysis, 2016
3.9.1. Strategic landscape
3.10. PESTEL analysis
3.11. Regional price trends
3.11.1. Cost structure analysis
3.11.2. Raw material trends

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The capital investments associated with the manufacturing of ceramics is likely to restrain the overall growth of monolithic ceramics market. Nonetheless, growing concerns over detrimental environmental conditions along with favorable governmental initiatives pertaining to greenhouse gas abatement is certain to complement the business landscape, subject to the fact that these ceramics are widely used in pollution control devices. Global Market Insights, Inc. claims this industry to surpass a valuation of USD 30 billion by 2024.

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