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Technical Ceramics also called as engineering ceramics or high performance ceramics are inorganic ceramics with exceptional thermal and physical properties. These are one of the most advanced and efficient types of material used in recent times. These ceramics are highly specialized ceramic materials with unique biochemical, mechanical, thermal and electrical properties which can also be further optimized according to the requirements.
High demand for technical ceramics from electronic and electrical sector shall drive the market. superior properties like semi conductivity, non-linear resistance, temperature stability, stiffness are the factors influencing the adoption of technical ceramics in various end-sectors. Additionally, increasing demand from other end-use sectors like construction, automotive, power & energy and other.
However, technical ceramics are difficult to repair and recycle. Issues regarding the recyclability and reparability is expected to limit the market growth.
Key Market Driver -
Increasing demand due to superior properties.
Key Market Restraint -
Reparability and recyclability of technical ceramics
Based on material, the global technical ceramics market is segmented oxide and non-oxide. Based on product, the market is segmented into monolithic ceramics, composite ceramic matrix, ceramic coatings and others. Based on application, market is segmented into electronics & semiconductors, automotive, energy & power, medical, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global technical ceramics market consists of global & regional players operating. Some of the key players in the market include CoorsTek, Inc., Kyocera Corporation, Saint-Gobain Ceramic Materials, CeramTec GmbH, Morgan Advanced Materials, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia pacific is estimated to hold the largest share in market due to the increasing population and their per capita disposable income. Moreover, growing construction and industrial sector shall drive the regional market. North America is expected to show significant growth attributed to increasing demand from automotive and electronic sector. High demand from pharmaceutical and healthcare sector for ultrasonic cleaners, lithotripters and orthopedics shall boost the regional growth of European market. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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