DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Technical Ceramics Market Analysis By Material, Product, By Application And Segment Forecasts To 2024" report to their offering.
The global technical ceramics market is expected to reach USD 134.58 billion by 2024.
Rising product need in various end-use industries owing to their cost effectiveness and increased life span as opposed to their traditional counterparts is expected to positively impact the market over the forecast period. Increasing automobile demand among consumers particularly in Asia Pacific countries including China and India on account of rising disposable income and changing lifestyle is expected to fuel technical ceramics market over the forecast period. Also, rising product use as a substitute to plastics and metals in numerous high-performance applications in the medical and automotive sector is expected to propel growth over the next eight years.
These products have been gaining acceptance over the past few years on account of growing awareness regarding their benefits such as biodegradability, durability, and high tensile strength. Rising environmental concerns coupled with stringent regulations by governments in North America and Europe are expected to further propel product demand over the next eight years.
North America was one of the largest markets for the product and is expected to grow at a CAGR of over 9% from 2016 to 2024. Stringent environmental regulations have led to increased product use as it aids in controlling pollution. Additionally, stringent emission standards in North America and Europe are expected to provide growth opportunities for the product over the next eight years.
- CeramTec GmbH
- Elan Technology
- Oerlikon Surface Solutions AG
- Ortech Incorporated
- Morgan Technical Materials PLC
- Kyocera Industrial Ceramics Corporation
- Murata Manufacturing Co. Ltd.
- Momentive Performance Materials Inc.
- Pall Corporation
- Saint Gobain
1. Methodology and Scope
2. Executive Summary
3. Technical Ceramics Industry Outlook
4. Technical Ceramics Material Outlook
5. Technical Ceramics Product Outlook
6. Technical Ceramics Application Outlook
7. Technical ceramics End-Use Outlook
8. Technical ceramics Regional Outlook
9. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/kvqzgz/technical