April 19, 2018
WELLESLEY, Mass., April 19, 2018 – Compared to materials such as aluminum and steel, technical ceramics offer superior corrosion resistance, low thermal expansion and lighter weight parts that reduces maintenance costs for aircraft, boats, automobiles and armors. As a result, technical ceramics are the preferred materials in end-use industries such as medical, energy and power, automotive, electronics and semiconductors, aerospace and defense. In a new report, Technical Ceramics: Global Markets to 2022, BCC Research estimates this market to reach $8.0 billion in 2022, up from $5.7 billion in 2017, indicating a compound annual growth rate (CAGR) of 6.8%.
Key market players include Morgan Advanced Materials Plc, Kyocera Corporation, Saint Gobain, NTK Technical Ceramics, CoorsTek, Inc., CeramTec GmbH, Bakony Technical Ceramics, Ceradyne, Inc. (3M Company) and Murata Manufacturing Co. Ltd. These players have vast geographical presences with huge, worldwide production facilities. Other prominent vendors include Dyson Technical Ceramics, Mantec Technical Ceramics, ETI Elektroelement doo, Mcdanel Advanced Ceramics Technologies, Rauschert Steinbach GmbH, STC Superior Technical Ceramics and AdTech Ceramics. These vendors offer comprehensive portfolios with a wide range of specialized and standard applications as their competitive edge over other companies.
“For decades, the technical ceramics industry has recorded impressive growth propelled by end-use industries such as electronics and semiconductors, automotive, medical and others.” said Gordon Nameni, senior editor, BCC Research. “Technical ceramics retain their shape and size in extremely high-temperature applications, providing dimensional stability and increased safety. Technical ceramics also provide high stiffness compared to other materials, such as titanium, aluminum, and steel.”
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Technical Ceramics: Global Markets to 2022( AVM156A )
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