Global Technical Ceramics Market to Reach US$ 149.85 Bn by 2027

1. Global Technical Ceramics Market to Reach US$ 149.85 Bn by 2027 Technical Ceramics Market – Snapshot Technical ceramic is a highly developed, high strength ceramic material that is primarily used in applications where high strength and toughness are required. These include electrical & electronics and automotive industries. Technical ceramics are also known as high-performance ceramics. They possess high bending strength, compression strength, and tensile strength. Read More Report Overview @ https://www.transparencymarketresearch.com/technical-ceramics-market.html In terms of material, the technical ceramics market has been bifurcated into oxide ceramics and non- oxide ceramics. The oxide ceramics segment comprises alumina ceramics, titanium ceramics, zirconium ceramics, and others (including magnesium oxide and sintered fused silica), while non- oxide ceramics segment consists of alumina nitride, silica nitride, silica carbide, and others (including boron carbide and silicon aluminum oxynitride). The alumina ceramics sub-segment of the oxide ceramic segment is likely to remain highly lucrative during the forecast period, owing to its better properties compared to other materials. Its properties include high strength & hardness, temperature stability, and high wear resistance & corrosion resistance at high temperature. Based on product, the global technical ceramics market has been divided into monolithic ceramics, ceramic matrix composites, ceramic coatings, and others (including multilayer ceramics and advanced coatings). The monolithic ceramics segment accounted for major share of the market in 2018. The segment is anticipated to expand at a rapid pace, owing to its better physical properties vis-à-vis other products. Its properties include high dimensional stability, high strength, durability, flexibility, and toughness. Request For Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13514 Based on application, the global technical ceramics market has been segregated into electrical & electronics, medical, automotive, energy & power, and others (including chemical products and consumer goods). The electrical & electronics segment accounted for leading share of the global technical ceramics market in 2018, as technical ceramics are widely used in the electronics sector, owing to their characteristics and physical properties. These properties include porosity, bending strength, compression strength, tensile strength, stress intensity factor, and Weibull modulus. Based on region, the global technical ceramics market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of volume and value, Asia Pacific dominated the global technical ceramics market in 2018. The region is likely to remain highly lucrative during the forecast period, due to rapid industrialization and rise in demand for technical ceramics in electronics and automotive industries in the region. China is a rapidly expanding country of the market in Asia Pacific, owing to expansion in industries such as automobile, medical, and electronics in the country. Europe also constituted key share of the global technical ceramics market in 2018. The region contributes significantly to the technical ceramics market, due to the presence of

2. large numbers of automobile and aerospace companies. The technical ceramics market in North America is expected to expand at a minimal pace during the forecast period, due to the sluggish growth of industries such as automotive and electronics in the region. Drivers of the technical ceramics market in North America include high demand for these ceramics in wind energy, medical implants, and aerospace sectors. The market in Latin America is estimated to expand at a high pace by the end of the forecast period, as the automotive and energy & power sector in the region has been expanding at a significant pace. Request For Press Releases @ https://www.transparencymarketresearch.com/pressrelease/technical-ceramics-market.htm Key players operating in the global technical ceramics market include 3M, Morgan Advanced Materials, CeramTec, Kyocera Corporation, Saint-Gobain Ceramic Materials, NGK Spark Plug Co., Ltd., Imerys Ceramics, Superior Technical Ceramics, Rauschert GmbH, McDanel Advanced Ceramic Technologies, Dyson Technical Ceramics, and CoorsTek Inc.