Technical and Advanced Structural Ceramics: North American Markets
The North American technical and advanced structural ceramics market reached nearly $3.6 billion in 2012. This market is expected to grow to nearly $3.7 billion in 2013 and $4.8 billion in 2018 with a compound annual growth rate (CAGR) of 5.4% over the five-year period 2013 to 2018.
- An overview of the market for technical and advanced structural ceramics in North America.
- Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- Analysis of ceramic material properties such as wear resistance, corrosion resistance, high temperature resistance, and light weight or low density composition
- Information pertaining to end-use applications of advanced ceramic materials such as power generation, aerospace, transportation, and military applications.
- Profiles of major players in the industry
The report analyzes materials used in each structural ceramic application category and their respective properties, processing technologies, properties, prices and U.S. markets. The qualitative and quantitative judgments in this report represent a valuable contribution to the knowledge of advanced structural ceramic materials, components, processing techniques, applications and markets.
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
The total technical and advanced structural ceramics market in North America was worth $3.2 billion in 2010 and $3.4 billion in 2011. This figure is projected to reach $4.4 billion in 2016 yielding a compound annual growth rate (CAGR) of 5.1% between 2011 and 2016.
- The North American market for technical and advanced structural ceramics was worth $2.7 billion in 2007. This is expected to increase to $3.7 billion in 2012, for a compound annual growth rate (CAGR) of 6.0%.
- Bioceramics have the largest share of the market, generating $1.8 billion in 2007. This should reach $2.3 billion in 2012, for a CAGR of 5.0%.
- Armor and military applications have the second largest market share, worth $416.0 million in 2007. This should increase at a CAGR of 10.0% to reach $669.0 million in 2012.
The North American advanced structural ceramic market in 2005 is estimated to reach $2.3 billion and will expand at an average annual growth rate (AAGR) of 5.8% to reach $3 billion by 2010.
Bioceramics represent the largest segment with 2005 sales estimated at $1.5 billion and climbing at an AAGR of 4.6%.
Wear-resistant and cutting tool inserts constitute about 17% of the total market. Ceramic armors represent about 13% of the total market.
Due to recent energy cost escalations, advanced ceramics could find more use as components for heat exchangers, recuperators and as solidoxide fuel cell elements.