Global Nanoceramics Powder Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The global nanoceramics powder market is expected to grow at a significant rate during the forecast period, majorly driven by the rising demand from various end-users, such as Electronics and Healthcare. Nanoceramics are the ceramic materials composed of particles sized 100 nanometers or less in diameter. Owing to their nano-size, nanoceramics have properties highly distinguished from traditional ceramics
Rising Demand from the Healthcare Industry Driving the Market
Medical advancements, emerging biotechnologies, and an overall increasing healthcare industry is expected to drive the nanoceramics powder market. Nanoceramics powder is being increasingly used in the healthcare industry to manufacture artificial bone implants. United States occupies the largest market share of more than 50% in the healthcare industry, followed by Europe. With increasing R&D activities in Japan and India, the healthcare industry is likely to grow at a good pace in Asia-Pacific, which, in turn, is likely to drive the demand of nanoceramics powder in Asia-Pacific.
Alumina the Dominating Type
Alumina, also known as aluminum oxide, is the most used nanoceramic powder. It offers extremely good combination of mechanical, electrical, and chemical properties, and has numerous uses. Some common applications of alumina include, thermocouple tubes, electrical insulators, seal rings, medical devices, grinders, and wear components, amongst others. Alumina’s properties include, high strength and stiffness, hardness, wear resistance, thermal stability, corrosion resistance, low dielectric constant and excellent dielectric properties. The rising demand from end-user industries, such as, electrical & electronics, transportation, healthcare, and others, is anticipated to propel the demand for nanoceramics powder, during the forecast period.
North-America to Dominate the Nanoceramics Powder Market
The demand for nanoceramics powder is high in North America, owing to increase in research initiatives for the implementation and commercialization of nanoceramics powder. United States has the largest share in the global healthcare market and rapid growth of the medical industry in the nation is expected to augment the demand for nanoceramics powder. Furthermore, rise in adoption of nanoceramics powder in various end-users, such as electrical & electronics, building & construction, and transportation are the major factors that boost the market growth in the forecast period.
December 2017: Cerion Launched Portfolio of Nanoparticle Cerium Oxide Dispersions for the Polishing Slurry Market
April 2017: Innovnano launched 2YSZ ceramic powder that can be used widely for structural ceramic applications offering enhanced fracture toughness with high stability and ageing resistance
Major Players: Innovnano, Nitto Denko, Reade International and Tosoh Corporation, amongst others.
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