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According to the latest report by IMARC Group, titled “Global Technical Ceramic Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global technical ceramic market reached a value of US$ 74.92 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 109.44 Billion by 2027, exhibiting a CAGR of 6.30% during 2022-2027.
Technical Ceramic Market Trends and Drivers:
The rising adoption of technical ceramics over metals, polymers, and refractory materials due to their hardness, chemical stability, and high-temperature capability is primarily driving the market growth.
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In addition, the increasing utilization of advanced technical ceramics, such as zirconium dioxide (ZrO2), aluminum oxide (Al2O3), silicon carbide (SiC), and silicon nitride (Si3N4), in metal forming and machining of parts represents another major growth-inducing factor. Moreover, these ceramics are extensively employed to produce hip and knee implants as they offer chemical inertness and high wear resistance.
This, coupled with the rising product adoption in dentistry for fillings, implants, the replacement of crowns, and bonding materials in root canal procedures, is escalating the demand for technical ceramics in the healthcare industry. Furthermore, the growing need for technical ceramics as construction materials in mechanical components is also creating a favorable market outlook across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Technical Ceramic Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, Bakony Technical Ceramics, CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Elan Technology, General Electric Company, KYOCERA Corporation, Mantec Technical Ceramics Ltd., Morgan Advanced Materials plc, NGK Spark Plug Co. Ltd. and Rauschert GmbH
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The report has segmented the market on the basis of region, material type, product and end use industry.
Breakup by End Use Industry:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
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If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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