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According to Technavio's technical ceramics industry analysis, the market is expected to grow at a CAGR of more than 6% during the forecast period. Technical ceramics are replacing metals and alloys owing to their superior performance characteristics. They exhibit superior corrosion resistance properties compared with other materials such as steel and aluminum. Such characteristics decreases the maintenance expenses and other related costs when technical ceramics are used in aircraft, automobiles, boats, and armors. Owing to the cost benefits that technical ceramics offer, they have gained preference among several various industries, including military and defense, aerospace, electronics, energy, and power. Also, the lightweight and low conductive nature of technical ceramics will increase their applications in the medical sector especially for implants, in the coming years.
APAC is the largest revenue-generating region in this market and is likely to occupy around 39% of the total technical ceramics market share during the forecast period. The market for technical ceramics and their various products are developing in the region due to the growth in the electronic and information technology related industries. The region is a major hub for electronics products that consume technical ceramics due to its superior properties over metals and alloys. Factors such as the rapid growth of end-use industries, competitive manufacturing expenses, and high economic growth will continue to drive the technical ceramics market growth in the region over the next few years.
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The global technical ceramics market is highly fragmented and competitive due to the presence of several key players. The market is primarily dominated by large global vendors like CoorsTek, CeramTec, Kyocera, Morgan Advanced Materials, and Ceradyne. These players have vast geographical presence with production facilities located worldwide. However, there are numerous small regional vendors with significant market shares who pose a serious threat to these international players. Vendors in the market compete in terms of innovation, price, operational cost, and product quality. With the enforcement of stricter legislations, end-users are increasingly demanding environment-friendly products, which has increased the growth potential for the market players.
Leading vendors in the market are:
Other prominent vendors in the technical ceramics market include NGK Spark Plug, McDanel Advanced Ceramic Technologies, and Saint-Gobain.
The oxide ceramics segment will continue to dominate the market during the forecast period and is likely to account for more than 58% of the overall market share by 2020. Oxide ceramics are preferred over their non-oxide counterparts owing to their high melting points, a wide range of electrical properties, and low wear resistance. Oxide ceramics can be categorized into single material system and multi-material system. They have extensive usage across several industries, such as electrical and electronics, aerospace, medical, and others. They offer high fracture toughness and high resistance to wear, high temperature, and corrosion that are crucial for these applications.
Monolithic ceramics dominated the product segment of the market and accounted for more than 64% of the overall market share in 2015. These ceramics can be fabricated without the reinforcement material and have a polycrystalline microstructure. Monolithic ceramics are segmented into zirconium oxide, zirconium carbide, silicon nitride, and others. These ceramics type possess excellent creep resistance and stiffness and offer reliability, durability, and protection against higher temperatures. Such characteristics boost the usage of these ceramics in several industries like automotive, aerospace, power generation, military and defense, transportation, electrical and electronics, machinery, and medical.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by material
PART 07: Market segmentation by product
PART 08: Market segmentation by end-user industry
PART 09: Market segmentation by geography
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Appendix
PART 17: Explore Technavio
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