April 04, 2023 21:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
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DUBAI, United Arab Emirates, April 04, 2023 (GLOBE NEWSWIRE) -- The global industrial ceramics market was worth US$ 118.9 Billion in the year 2022 and is expected to reach US$ 218.1 Billion by the year 2032 at a CAGR of 6.1% between 2022 and 2032.
Improving infrastructure worldwide is expected to take the industrial ceramics market by storm in the near future. The construction vertical is the flagbearer herein. Ceramic implants are turning out to be more popular across the globe due to advancements in medical technology. They are used at a greater scale in the dental and orthopaedics sub-vertical.
Industrial ceramics find applications across end-users like aerospace & aviation, automotive, healthcare, oil & gas, and the other industrial verticals.
The automotive sector has industrial ceramics-based products like ceramic bearings, mechanical seals, sensors, and valves. For instance – Yttria Stabilized Zirconia (one of the ceramic materials known for higher tensile strength) is well-suited for pump components like fuel injectors, and the mechanical seals for highly durable engines.
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Coming to pumps, critical components like stator and rotor are being produced from the industrial ceramics; particularly in the applications that involve movement of the high-temperature fluids. The major advantage is that industrial ceramics perform better under high temperatures and do have a better resistance against wear and corrosion. Insulation tiles are known for having a long history of utilization in the space shuttle program of NASA.
In today’s world, advanced industrial ceramics like glass-ceramic composites are used for making windows, panels, canopies, and lenses due to the higher heat resistance and being lightweight.
Future Market Insights has etched these facts with future perspectives in its latest market study entitled ‘Industrial Ceramics Market’. It has its determined team of analysts and consultants for executing through 360-degree view in its primary, secondary, and tertiary modes of research.
“With automotive and medical verticals increasingly asking for ceramics, the industrial ceramics market is likely to grow on a grand note in the near future”, says an analyst from Future Market Insights.
Key Takeaways from Industrial Ceramics Market
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Kyocera, Anderman Industrial Ceramics, Elan Technology, Khyati Ceramics, Industrial Ceramic Products, Inc., Advanced Industrial Ceramics (AIC), Carborundum Universal Limited, CM Cera, A&B Industrial Ceramics, Schaefer Industrial Ceramics.
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High Temperature Ceramics Market Size: The global high temperature ceramics market was estimated to be worth US$ 4.67 billion in 2022. From 2022 to 2032, it is expected to grow at a CAGR of 7.1%, reaching US$ 9.27 billion.
Advanced Ceramics Market Growth: Global advanced ceramics market demand is anticipated to be valued at US$ 62,341.6 Million in 2022, forecast to grow at a CAGR of 5.4%to be valued at US$ 105,483.4 Million from 2022 to 2032.
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