Technical ceramics are finding increasing acceptance in various applications, such as electronics & semiconductor, automotive, medical, energy & power, and so on. They possess the properties such as high-temperature stability, hardness, low thermal expansion, and are used in various electronics & semiconductor applications.
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This report estimates the market size for technical ceramics by material type, by product type, end-use industry,and region,in terms of value& volume. The global technical ceramics market is projected to grow with a CAGR of 6.44% between 2016 and 2021, in terms of value. Improved environmental resistances are the major driver for the technical ceramics market.The trend of using technical ceramics applications in various end-use industries, due to its high-temperature stability and low thermal expansion properties,is projected to increase the global technical ceramics market.
Asia-Pacific dominated the technical ceramics market in 2015, in terms of value& volume, followed by North America and Europe. The developed regions, such as Europe and North America, are relatively mature markets compared with Asia-Pacific and RoW. Asia-Pacific is projected to witness the highest growth rate between 2016 and 2021. The market in this region is experiencing increase in the demand for technical ceramics from electronics&semiconductor, energy&power,medical, automotive, industrial, military & defense, and other end-use industries. In Asia-Pacific, India is projected to be the market with the highest CAGR during the forecast period.China has been an export-oriented country; however, the growing domestic demand is expected to increase the domestic consumption of technical ceramics.
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In the end-use industry segment, the medical industry is projected to witness the highest growth rate between 2016 and 2021. The demand is driven by the increasing use of technical ceramics in medical devices and implants that are used for bone and tooth replacement.
Thenon-oxidesegment of the market is estimated to registerthe highest CAGR between 2016 and 2021. The demand for non-oxide technical ceramics is growing due to their physical properties such ashigh-temperature stability, hardness, low thermal expansion, and electrical insulation. These are the major factors driving the non-oxide ceramics market.
