According to the latest report by IMARC Group, titled “Technical Ceramic Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global technical ceramic market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global technical ceramic market size reached US$ 79.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 114.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
A technical ceramic, also known as engineered or high-performance ceramic, is an inorganic, non-metallic material. It is produced using synthetic raw materials under a controlled process to achieve purity and enhance its physical features. Some commonly known technical ceramic material includes alumina (Al2O3), silicon nitride (SiAION), zirconia (Zeo2), aluminum nitride (AIN), silicon carbide (SiC), boron nitride (BN), and boron carbide (B4C). They provide various benefits such as hardness, strength, resistance to thermal shock, chemicals, and wear and tear, increased durability, long service life, and cost-effective process. As a result, technical ceramics are extensively utilized in the automotive, energy, power, medical, military, defense, electronics, and semiconductor industries.
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Technical Ceramic Market Trends and Drivers:
The market is primarily driven by the escalating demand for technical ceramics across the globe. Presently, technical ceramics are increasingly replacing polymers, refractory materials, and metals owing to their hardness, chemical stability, non-linear resistance, semi-conductivity, and high-temperature capability.
Moreover, the increasing utilization of technical ceramics in construction activities and mechanical components is influencing market growth. Apart from this, the rising adoption of aluminum oxide, zirconium dioxide, silicon carbide, and nitride in industrial applications such as the machining of parts and metal forming represents another major growth-inducing factor.
Besides, the market is further propelled by the growing product applications in the healthcare sector to produce knee and hip implants and in dentistry for implants, fillings, bonding materials in root canal procedures, and the replacement of crowns.
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Global Technical Ceramic Market 2023-2028 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.
Technical Ceramic Companies:
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
Breakup by Product:
- Monolithic Ceramics
- Ceramic Coatings
- Ceramic Matrix Composites (CMC)
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 (2017-2022)
- Market Outlook (2023- 2028)
- 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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