Porous Ceramic Industry Overview
The global porous ceramic market size was valued at USD 5.98 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.4% from 2021 to 2028.
The growing demand for filtration products coupled with the increasing penetration of products in medical devices and equipment is driving the market growth. The rising demand for high-quality and functional safety in medical devices and equipment to meet stringent approval standards and withstand challenges in healthcare practices has augmented the need for reliable materials, such as porous ceramics. Thus, wide product usage in the medical devices industry is anticipated to augment the market growth over the forecast period. The U.S. is a prominent producer and consumer of the market.
Gather more insights about the market drivers, restrains and growth of the Global Porous Ceramic market
High-purity porous ceramics find a broad spectrum of applications in microelectronics including piezoelectric devices, custom electronic components, and substrates. The growing demand for electronic devices coupled with the ongoing technological advancements in the U.S. is projected to propel market growth over the forecast period.
The U.S. offers an advanced network of electronics and semiconductors manufacturing clusters. Factors, such as a strong business & technical environment, stringent intellectual property rights regime to protect patents & trademarks, and favorable programs, are augmenting investments in the U.S. electronics and semiconductor industry, thus benefitting market growth.
For instance, in March 2021, the U.S. Department of Energy (DOE) announced a funding of USD 54 million for microelectronics research to power next-generation technologies. According to DOE, the COVID-19 pandemic pointed out the vulnerable & unsecured supply chains and the lack of domestic semiconductor manufacturing in the U.S. This investment is expected to propel semiconductor manufacturing in the country and positively influence the market growth over the forecast period.
The upward growth trajectory, however, faces the restraint of high product costs. The cost involved in the manufacturing process is high owing to the high material & processing costs coupled with high initial investments, which further add to the product cost. Rising prices of alumina restrict their use and impact market growth.
Browse through Grand View Research’s Specialty Glass, Ceramic & Fiber Industry Research Reports.
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Porous Ceramic Market Segmentation
Grand View Research has segmented the global porous ceramic market on the basis of raw material, product, application, and region:
- Porous Ceramic Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Alumina Ceramics
- Titanate Ceramics
- Zirconate Ceramics
- Ferrite Ceramics
- Aluminum Nitride
- Porous Ceramic Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- High-purity Materials
- Structural Components
- Porous Ceramic Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- Electronics & Semiconductors
- Energy & Power
- Aerospace & Defense
- Porous Ceramic Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 – 2028)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
Key Companies profiled:
Some prominent players in the global Porous Ceramic market include
- Applied Materials, Inc.
- CoorsTek, Inc.
- KeraNor AS
- Kyocera Corp.
- Morgan Advanced Materials
- NGK Spark Plug Co., Ltd.
- Nishimura Advanced Ceramics Co., Ltd.
- Porvair plc
- STC Superior Technical Ceramics
- Toto Ltd.
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