According to the latest report by IMARC Group, titled “Global Technical Ceramics Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, it is projected to reached a value of US$ 74.92 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 109.44 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
A technical ceramic, also known as advanced or engineered ceramic, is an inorganic, non-metallic material which possesses a distinct combination of thermal and physical properties. It is manufactured using synthetic raw materials under a controlled process to achieve purity and improve its physical characteristics, exhibits lower density, strength, and excellent resistance to chemicals, high temperature, corrosion, and thermal shock. It is also customizable and can maintain its precise, high-tolerance finish longer than any other material. As a result, technical ceramics are widely utilized in the electronics and automotive industries across the globe.
|Technical Ceramic Market Report Scope|
|Market size value in 2021||US$ 74.92 Billion|
|Market forecast in 2027||US$ 109.44 Billion|
|Growth Rate||CAGR of 6.30% from 2022 to 2027|
|Base year for estimation||2021|
Technical Ceramic Market Trends and Drivers:
The rising adoption of technical ceramics over metals, polymers, and refractory materials due to their hardness, chemical stability, and high-temperature capability is primarily driving the market growth.
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In addition, the increasing utilization of advanced technical ceramics, such as zirconium dioxide (ZrO2), aluminum oxide (Al2O3), silicon carbide (SiC), and silicon nitride (Si3N4), in metal forming and machining of parts represents another major growth-inducing factor. Moreover, these ceramics are extensively employed to produce hip and knee implants as they offer chemical inertness and high wear resistance.
This, coupled with the rising product adoption in dentistry for fillings, implants, the replacement of crowns, and bonding materials in root canal procedures, is escalating the demand for technical ceramics in the healthcare industry. Furthermore, the growing need for technical ceramics as construction materials in mechanical components is also creating a favorable market outlook across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Technical Ceramic Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these major key players include:
3M Company, Bakony Technical Ceramics, CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Elan Technology, General Electric Company, KYOCERA Corporation, Mantec Technical Ceramics Ltd., Morgan Advanced Materials plc, NGK Spark Plug Co. Ltd. and Rauschert GmbH
The report has segmented the market on the basis of region, material type, product and end use industry.
Breakup by Material Type:
- Oxide Ceramic
- Non-Oxide Ceramic
On The Basis of Product:
- Monolithic Ceramics
- Ceramic Coatings
- Ceramic Matrix Composites (CMC)
Market Breakup by End Use Industry:
- Electronics and Semiconductor
- Energy and Power
- Military and Defense
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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