Global Ceramics Market: Snapshot
The ceramics market has been evolving on the back of technological advancements in fabrication processes. End use industries have been harnessing an array of specific surface characteristics of these inorganic solid compounds. Among the various properties, the combination of high materials strength and brittleness has been harnessed in several applications. The applications are expanding in the food and beverages, and in the making of high-performance materials for tiles and sanitary ware. Evolving field of ceramography is also helping the evolution of the ceramic market.
Continuous advances made in material sciences have nudged manufacturers uncover novel technological applications of ceramics by modifying their structural and thermostructural properties. Nanotechnology has led to an extensive utilization of ceramics in making of tiles with longer shelf-life. Recently emerging application avenue has made ceramics applications synonymous with advanced ceramics. Some of the key ceramic materials are alumina, boron nitride, silicon nitride, and silicon carbide.
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Global Ceramics Market: Notable Developments
Ceramics have been utilized extensively in automotive parts, electronics, and optic components as they are mechanically strong. However, the brittle nature of ceramics makes them easily prone to fracture. Researchers from Purdue University have been found out a way to overcome this, and further make ceramics more ductile. The details of the study were published in the journal Science Advances. The researchers applied electric field to the formation of ceramics. They concluded that when electric field is applied in addition to the sinister process, ceramics can be easily reshaped as metal, and can deform plastically even at room temperature.
This study, according to researchers, bodes great significance. Such research pave way for new ceramic materials that can be used in high-pressure and high-temperature applications without relenting to fracture failures. Key applications could be in the defense industry, automobile manufacturing, and in making of nuclear reactor components. Further, increasing the plasticity of ceramics will make them suitable candidates for use in sustainable energy devices.
Some of the companies that hold stronghold in the ceramics market are:
- Mohawk Industries
- Thermal Ceramics UK
- Du-Co Ceramics Company
- Saint Gobain
- AGC Inc.
Global Ceramics Market: Growth Dynamics
The applications of ceramics are expanding on the back of rapid advances in 3D printing and nanotechnology fabrication techniques. This has also helped manufacturers meet the need for tailored-made among key end-use industries. The versatility of ceramic materials is one of the aspects to the steadily evolving ceramic market. Deployment of sophisticated methods has enabled manufacturers in the ceramic materials develop advanced materials with unique ferroelectric, piezoelectric, and magnetic properties.
Growing potential of ceramics to be used in the construction and building industry is opening new avenues in the market. The pursuit of novel materials to be used in food contact applications is seeing a new direction with the advent of new ceramics. Copious utilization of ceramics in dental materials, especially in the U.S., is boosting the ceramics market. They have been extensively used in making crowns and implants. Burgeoning demands of dental materials in the healthcare industry in developing economies is also boosting the ceramics market.
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Global Ceramics Market: Regional Analysis
Among the various regions in the ceramics market, Asia Pacific is witnessing extensive demands for various ceramics materials. The regional market has seen the vast utilization of ceramics in tile making in China and other emerging economies. North America is also a promising market. The growth is propelled by rapid advances in nanotechnology and 3D printing, especially in the U.S. Europe is another prominent market and has been presenting lucrative avenues.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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