In a recent published report, Kenneth Research has updated the market report for Technical Ceramics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Technical Ceramics Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Technical Ceramics Market is estimated to reach $10.61 billion by 2025; growing at a CAGR of 6.3% from 2017 to 2025. Technical ceramics means ceramic products made for technical application. Technical ceramics cover many dissimilar and in part highly focused ceramic materials with unique electrical, mechanical, thermal and biochemical properties and property combinations. They are also called as advanced ceramics or engineered ceramics. These materials exhibit greater corrosion resistance, as opposed to other products such as aluminum and steel and hence, are being widely employed in the medical and automotive sectors.
Technical ceramics find widespread application in medical devices, such as ultrasonic cleaners and lithotripters. Additionally, it’s another major application is in bio-ceramics used in artificial organ implants, specifically in hip joints. The global technical ceramics market is mainly driven by growing demand for technical ceramics in medical industry. Factors such as high-temperature stability, low thermal expansion, and robustness have surged the usage of technical ceramics in numerous end-use industries. Moreover, incorporation of low-cost production technologies is expected to generate lucrative growth opportunities for the market in the forthcoming years.
Material type, product type, end-use industry, and geography are the segmentation of the global technical ceramics market. The material type segment is bifurcated into oxide ceramics (alumina, zirconia, titanate, and others), and non-oxide ceramics (aluminum nitride, silicon carbide, silicon nitride, and others). On the basis of product type the segmentation includes monolithic ceramics, ceramics coatings, ceramic matrix composites, and other product types. Medical, automotive, electronics & semiconductor, industrial, energy & power, military & defense, and other end-use industries are the segmentation of end-use industry.
Based on geography, the global technical ceramics market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consists of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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Prominent players operating in the market include Kyocera Corporation, CoorsTek, Inc., CeramTec GmbH, Morgan Advanced Materials, Saint-Gobain Ceramic Materials, McDanel Advanced Ceramic Technologies, 3M Advanced Materials, Superior Technical Ceramics, Rauschert GmbH, and NGK Spark Plug, Inc. among others.
The key takeaways from the report
The report will provide detailed analysis of Global Technical Ceramics Market with respect to major segments such as material type, product type, and end-use industry
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Technical Ceramics Market has been included in the report
Profile of the key players in the Global Technical Ceramics Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Global Technical Ceramics Market
Material Type Segments
Oxide Ceramics
Alumina
Zirconia
Titanate
Others
Non-Oxide Ceramics
Aluminum Nitride
Silicon Carbide
Silicon Nitride
Others
Product Type Segments
Monolithic Ceramics
Ceramic Coatings
Ceramic Matrix Composites
Other Product Types
End-Use Industry Segments
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Medical
Automotive
Electronics & Semiconductor
Industrial
Energy & Power
Military & Defense
Other End-Use Industries
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Technical Ceramics Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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