Global Technical Ceramics Market Research Report: by Product (Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings), Material (Oxide, Non-oxide), End-user (Electronics & Semiconductor, Automotive, Energy & Power, Medical) – Forecast till 2023

Pune, India -- (SBWire) -- 08/28/2018 --The Technical Ceramics is widely used in the electrical and electrical industry owing to its enhanced durability and heat and corrosion resistance among others. Technical Ceramics are extensively used in the energy and power sector in the power plant engines and solar thermal energy conversion and others.

The Global Technical Ceramics Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to be the fastest growing market, owing to the increasing consumption of Technical Ceramics in the electronics, automobile and energy & power industry among others. It is estimated that the electrical and electronics end user segment is set to observe the highest CAGR due to increasing applications in the sector. The advantages such as wear, temperature and heat resistance makes them suitable for the use in the electrical and electronic sector.

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The North American market is expected to grow at a steady CAGR due to extensive consumption of Technical Ceramics in the pharmaceutical and automobile sector. The U.S. and Canada have achieved a significant place in the market due to the developed end user industries and increasing adoption rate. The growing investment in the defense sector is further expected to contribute to the market growth. Technical Ceramics owing to its lightweight and durability makes them ideal for use in defense armors.

A moderate development is achieved in the European market due to the growing adoption of the product in the automobile and electronic industry. Moreover, the developed medical and pharmaceutical industry is also propelling the growth of the market. Furthermore, increasing awareness regarding the safety of environment, coupled with the increasing application of technical ceramics in environment engineering is further surging the growth of the market in the region.

Key Players

Some of the prominent players operating in the Global Technical Ceramics Market CeramTec GmbH (Germany), Kyocera Corporation (Japan), Morgan Advanced Materials (U.K), Saint-Gobain Ceramic Materials (U.S.), McDanel Advanced Ceramic Technologies (U.S.), 3M Company (U.S.), Rauschert Steinbach GmbH (Germany), Dyson Technical Ceramics Limited (U.K), Superior Technical Ceramics (U.S.), and NGK Spark Plug Co., Ltd. (Japan) among others.

Segmentation

The Global Technical Ceramics Market is segmented into product type, material and end-user. On the basis of the product type, the market is segregated into monolithic ceramics, ceramic matrix composites, ceramic coatings and others. The market by material is segmented into oxide and non-oxide. The market by end user industry is further categorized into electronics & semiconductor, automotive, energy & power, pharmaceuticals, military & defense and others.

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