Technical Ceramics Market worth $17.5 billion by 2029, at a
From GlobeNewswire: 2025-04-30 04:00:00
The Technical Ceramics Market is projected to grow from USD 12.2 billion in 2024 to USD 17.5 billion by 2029, with a CAGR of 7.4%. The growth is driven by demand in the medical industry and cost reduction in high temperature applications. Key players include Coorstek Inc., Kyocera Corporation, and CeramTec. The market faces challenges such as high costs and slow fiber production, but opportunities exist in manufacturing innovations.
Non-oxide ceramics are expected to be the second largest segment, with the automotive industry as the second largest-growing segment. South America is projected to be the second fastest-growing region in the global technical ceramics market. Europe is the third largest market for technical ceramics, driven by demand in medical surgeries and orthopedic replacements. Major players include Coorstek Inc., Kyocera Corporation, and CeramTec.
Coorstek Inc. is a leading manufacturer of technical ceramics, providing advanced solutions for aerospace, defense, semiconductor, and other industries. CeramTec offers technical ceramics for medical and industrial applications, with a wide range of products and components. Both companies have a strong market presence and robust distribution networks. Europe is a key market for technical ceramics due to technological advancements and product modernization.
For more information on the Technical Ceramics Market, including key players, market trends, and challenges, visit the MarketsandMarkets website. Explore related reports on ceramics and glass markets, photoresist companies, technical ceramics companies, bioethanol companies, and compressor rental companies for comprehensive industry insights.
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