About Technical Ceramics
Technical ceramics are inorganic or non-metallic ceramics with high temperature stability, high hardness, and low thermal expansion. Further, these ceramics exhibit electrical properties ranging from insulators to semiconductors to highly conductive materials. These ceramics can be categorized into monolithic ceramics, ceramic matrix composites (CMCs), ceramic coatings, and others.
Technavio’s analysts forecast the global technical ceramics market to grow at a CAGR of 6.37% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global technical ceramics market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of technical ceramics products for end-use industry such as electronics, automotive, energy and power, industrial, medical, military and defense, and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Technical Ceramics Market 2016-2020
Technavio recognizes the following companies as the key players in the global technical ceramics market: CeramTec, Ceradyne, CoorsTek, Morgan Advanced Materials, and Kyocera.
Other Prominent Vendors in the market are: NGK Spark Plug, McDanel Advanced Ceramic Technologies, and Saint-Gobain.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be integration of low cost production technologies. The demand for lightweight armors and engine components is increasing. Aircraft manufacturers are considering technical ceramics as a substitute for conventional alloys and metals. Further, aircraft manufacturers, especially in the US and Europe, are concentrating on the development of fuel-efficient aircraft. Therefore, more technical ceramics components are likely to be used in aircraft engines produced between 2015-2022. Currently, the high-cost of technical ceramics when compared with that of conventional metals and alloys acts as a barrier to their adoption. However, the emergence of new technologies is foreseen to decrease manufacturing costs, thereby increasing their acceptance.”
According to the report, increased use of technical ceramics in high-temperature applications will be a key driver for market growth. Lightweight and low conductive technical ceramics are used in insulation applications to conserve energy by preventing heat loss from furnaces and kilns. These materials help in saving more than 21% of the energy, thereby reducing overall operational costs. The industrial sector accounts for more than 30% of the total fuel consumption globally; an estimated 25% of which is wasted. Poor heat management in conversion processes accounts for more than 45% of the total energy lost in industrial processes. This loss of energy can be reduced with the use of products made of technical ceramics. This factor is boosting the demand of technical ceramics globally.
Further, the report states that issue in adoption of recyclability and reparability will be a challenge for market growth. Technical ceramics cannot be reused or recycled in the same application. Due to the long lifespan and mechanical and optical properties of technical ceramics, the different composites used in the various end-use industries face the issue of recyclability and reparability. This is a major challenge for the global technical ceramics market. Further, internal wear and tear and cracks in ceramic structures are hard to find. Therefore, skilled personnel and sophisticated equipment are required to find such anomalies; this increases costs for the end users. However, advances in technologies in terms of equipment that detect flaws in technical ceramics can foster the market over the forecast period.
CeramTec, Ceradyne, CoorsTek, Morgan Advanced Materials, Kyocera, NGK Spark Plug, McDanel Advanced Ceramic Technologies, Saint-Gobain.
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