Demand for Monolithic Ceramics from the Medical and Healthcare Industry Will Boost the Global Technical Ceramics Market Until 2020, Reports Technavio

LONDON--()--According to the latest market study released by Technavio, the global technical ceramics market is expected to grow at a CAGR of 6.37% during the forecast period.

This research report titled ‘Global Technical Ceramics Market 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The technical ceramics market is segmented into four geographical regions – APAC, North America, Europe and ROW. As of 2015, APAC held the largest share of around 37.7% and this region is anticipated to grow at a CAGR of around 7% during 2016-2020. The market growth is attributable to an increase in industrialization and urbanization in China and India. Further, the rise in the disposable incomes of individuals in these countries has boosted the sales of automobiles, fostering the market for technical ceramics.

Chandrakumar Badala Jaganathan, a lead analyst at Technavio for research on glass and ceramics, says, “China and its associated nations are a major hub for electronics products that consume technical ceramics due to its superior properties over metals and alloys. The major countries contributing to the growth of the technical ceramics market in APAC are China, Korea, Japan, and India.”

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Based on product, the report categorizes the global technical ceramics market into four segments:

  • Monolithic
  • Ceramic matrix composites
  • Ceramic coating
  • Other

Global technical ceramics market by monolithic ceramics segment

Monolithic ceramics are a major product type of technical ceramics that dominated the market with a share of around 64% in 2015. Monolithic ceramics offer characteristics such as reliability, durability, and protection against higher temperatures that help in increasing the lifespan of the components. These ceramics can be fabricated without the reinforcement material and have a polycrystalline microstructure. Based on the microstructure, various types of monolithic ceramics are categorized into zirconium oxide, zirconium carbide, silicon nitride, and others.

Industries such as automotive, aerospace, power generation, military and defense, transportation, electrical and electronics, machinery, and medical are the major end-users of monolithic ceramics. The demand from the medical and healthcare industry is driving the market for monolithic ceramics as they are widely used in manufacturing medical devices and implants.

Global technical ceramics market by ceramic matrix composites segment

Ceramic matrix composites (CMCs) are manufactured from ceramic fibers that are embedded in the ceramic matrix. The fibrous materials include silicon carbide, aluminum oxide, carbon, and mulita. CMCs are classified based on fiber and matrix materials. They exhibit high strength and stiffness at a high temperature, chemical inertness, and low density.

“Ceramic matrix composites have high thermal shock resistance, which enables their use in high mechanical and thermal loads. Their demand depends on the growth in the aerospace, defense, power and energy, electronics and electrical, biomedical, automotive, and marine industries,” says Chandrakumar.

Global technical ceramics market by ceramic coatings segment

Ceramic coatings are inorganic materials comprising a large family of ceramic materials with diversified composites and properties. The various composites include alumina, alumina magnesia, chromia, silica, silicon carbide, titania, silicon nitride, zirconia, and many others. Oxide, carbide, and nitride coatings are the different types of ceramic coatings. These coatings are used for wear-resistant, high temperature-resistant, and corrosion-resistant applications. Ceramic coatings find applications in various end-use industries, such as transportation and automotive, energy, aerospace and defense, healthcare, and industrial goods. The most widely used processes for applying ceramic coatings are physical vapor deposition (PVD), chemical vapor deposition (CVD), and thermal spraying.

Growing plasma sprayed coatings in semiconductors and liquid crystal display (LCD) equipment are driving the market for ceramic coatings. Recent technological developments are enabling the creation of thin ceramic coatings on metals, thereby driving the market growth.

Global technical ceramics market by others segment

The others segment includes multilayer ceramics and advanced coatings. These products are mainly used in the automotive, biomedical, and energy and power industries. This segment accounted for a share of around 6.8% of the global technical ceramics market in 2015. The market for technical ceramics in this segment is still in the nascent stage. The growing demand for lightweight and durable components in biomedical, marine, and automotive industries is foreseen to drive the segment's growth.

The top vendors highlighted by Technavio’s chemicals and materials research analysts are:

  • CeramTec
  • Ceradyne (3M Company)
  • CoorsTek
  • Morgan Advanced Materials
  • Kyocera

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the global technical ceramics market is expected to grow at a CAGR of 6.37% during the forecast period.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com