Technical and Advanced Structural Ceramics
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 report analyzes materials used in each structural ceramic application category and their respective properties, processing technologies, properties, prices, and North American 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.
Richard Hilton has a broad business background, which includes many years as an analyst, project manager, product manager, and director of marketing for a major industrial firm. He has managed business planning, marketing research and communications, and product development.
He has experience as an editor of newsletters exploring emerging technologies and also has taught mathematics. Mr. Hilton has a Bachelor of Science in Business Logistics from Pennsylvania State University and a Master of Business Administration from Southern Illinois University. Of special interest to this study is his work on rare earths, catalysts, and ultrapure materials.
- 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.
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