Technical Ceramics Market Growth, Trends Outlook and Forecasts To 2020

Technical Ceramics Market Analysis, Share and Size, Emerging
Trends, Overview and Outlook, Growth And Segment Forecasts To
2020
Technavio Announces the Publication of its Research Report – Global Technical Ceramics Market 20162020
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.
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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.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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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:
APAC
Europe
North America
ROW
Technavio's report, Global Technical Ceramics Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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