At a compound annual growth rate (CAGR) of 6.1%, the value of the global industrial ceramics market was estimated to be USD 118.9 billion in 2022 and is projected to reach USD 218.1 billion by 2032.
The global infrastructure improvement trend is anticipated to have a significant impact on the industrial ceramics market in the near future. Here, the flagbearer is the construction vertical. Globally, ceramic implants are becoming more and more popular as a result of advances in medical technology. They are more widely utilized in the sub-verticals of dentistry and orthopaedics.
Applications for industrial ceramics can be found in a variety of end markets, including oil and gas, automotive, aerospace and aviation, and healthcare.
The automotive sector has industrial ceramics-based products like ceramic bearings, mechanical seals, sensors, and valves. For instance – Yttria Stabilized Zirconia (one of the ceramic materials known for higher tensile strength) is well-suited for pump components like fuel injectors, and the mechanical seals for highly durable engines.
Get Ahead with Our Report: Request Your Sample Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-9596
Coming to pumps, critical components like stator and rotor are being produced from the industrial ceramics; particularly in the applications that involve movement of the high-temperature fluids. The major advantage is that industrial ceramics perform better under high temperatures and do have a better resistance against wear and corrosion. Insulation tiles are known for having a long history of utilization in the space shuttle program of NASA.
In today’s world, advanced industrial ceramics like glass-ceramic composites are used for making windows, panels, canopies, and lenses due to the higher heat resistance and being lightweight.
Future Market Insights has etched these facts with future perspectives in its latest market study entitled ‘Industrial Ceramics Market’. It has its determined team of analysts and consultants for executing through 360-degree view in its primary, secondary, and tertiary modes of research.
“With automotive and medical verticals increasingly asking for ceramics, the industrial ceramics market is likely to grow on a grand note in the near future”, says an analyst from Future Market Insights.
Key Takeaways from the Industrial Ceramics Market
- The Asia-Pacific holds the largest market share with rapidly expanding automotive vertical, fast-paced energy & power sector, and rising innovation in healthcare and aviation in Japan, China, and India.
- Europe and North America have conventionally been stronger markets for industrial ceramics. The scenario is expected to remain unchanged even in the forecast period. The US, Germany, and the UK are leading from the front.
Ask for Report Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-9596
Competitive Analysis
- Kyocera Corporation, in the year 2019, did announce that it had acquired Friatec GmbH’s ceramic business. It has actually given the company a ceramic production all across the Europe; thereby letting it fulfil expansion of industrial machinery components.
- CeramTec, in 2021, did create a novel 3D printing technology for getting construction pieces from technical ceramics. It’s a quick and low-cost 3D printing method.
- SCOTT AG, in September 2021, completed acquisition of Applied Microarrays Inc. for expanding the diagnostic business.
- Bodycote, in April 2021, completed acquisition of Ellison Surface Technologies for creating the biggest engineered coating surface technology along with thermal spray services.
- Oerlikon Balzers, in April 2021, expanded the first customer center in Vietnam; thereby expanding its footprints in the Asia-Pacific.
- AGC Ceramics Co., Ltd., in December 2022, entered into collaboration with AMSKY technology Co., Ltd. for expanding the sales of BRIGHTORBTM 1, the 3D printing material in China.
- Kyocera, in February 2022, did launch the high-speed ceramic packages as well as substrates for the optoelectronic devices at OFC.
- AGC Si-tech, in July 2022, did launch Integrated Silica Product Brand RESIFATM to expand eco-friendly silica products like Microplastic Substitutes all through Norway.
- CeramTec, in April 2021, did develop a ceramic power module for the drive inverters for e-mobility solutions. The company collaborated with Fraunhofer Institute for Integrated Systems and Device technology for developing cooling solutions for power electronics in the e-mobility drive trains.
Key companies profiled
Kyocera, Anderman Industrial Ceramics, Elan Technology, Khyati Ceramics, Industrial Ceramic Products, Inc., Advanced Industrial Ceramics (AIC), Carborundum Universal Limited, CM Cera, A&B Industrial Ceramics, Schaefer Industrial Ceramics.
Access the Report Brochure Here: https://www.futuremarketinsights.com/reports/brochure/rep-gb-9596
What Does the Report Cover?
- The research study is based on type (alumina, silicon carbide, tungsten carbide, mullite, cordierite, zirconium dioxide, and silicon nitride), by product (pipes & tubes, insulators, knives & cutters, medical implants, fiber optic connectors, electrical connectors, nozzles, rods, filters, coatings, and formed components), and by end-use (automotive, aerospace & aviation, power, oil & gas, healthcare, and industrial).
- With growing demand from building and construction vertical, the global industrial ceramics market is bound to grow on an impertinent note in the forecast period.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube