The global technical oxide ceramic market is expected to grow at a significant CAGR during the forecast period (2024-2031). The major factors contributing to the growth of the market include rising demand for ceramics in medical devices manufacturing including X-ray tubes, implants, pacemakers, kidney dialysis devices, pressure sensors, dental screws and bridges, femoral head implants for hip replacement, hand tools, valves, fillers, and others. Technical oxide ceramics are preferred over plastic and metals owing to their specialized properties such as heat resistance, mechanical strength, and electrical insulation.
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Technical ceramics often referred to as high-performance or engineering ceramics, are inorganic ceramic materials with a unique mix of physical and thermal characteristics that make them ideal for applications where other materials cannot be used. The oxide ceramics comprises alumina oxide (Al2O3 – StarCeram A), alumina titanate (ATi/Al2TiO5 – StarCeram AT), and yttrium stabilized zirconia oxide (Zr2O3 – StarCeram Z, StarCeram Z-Al).
The major players contributing to the growth of the market by adopting various strategies such as product launches & developments, mergers and acquisition, partnerships, and agreements, include 3M Company, CeramTec GmbH, CoorsTek Inc., H.C. Starck GmbH, Mcdanel Advanced Ceramic Technologies LLC, Morgan Technical Ceramics (a division of Advanced Materials Plc), among others. For instance, in July 2020, 3M Company launched Nextel 610 DF-13-4500 ceramic fabric made from an aluminium oxide fiber that can be woven into fabric and can integrate its structure in the higher temperature of up to 1000°c.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- 3M Co., CeramTec GmbH, Kyocera Corp., CoorsTek Inc., and Morgan Technical Ceramics (a division of Advanced Materials Plc)
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Technical Oxide Ceramic Market- Segmentation
By Type
- Electronic Technical Ceramics
- Wear-Resistant Technical Ceramics
- High-Temperature Technical Ceramics
By Application
- Electronics
- Automotive
- Machinery
- Medical
- Others
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