Technical Ceramics Market Growth, Trends Outlook and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global Technical Ceramics Market 2016-2020

Technavio recognizes the following companies as the key players in the global technical ceramics market: CeramTec, Ceradyne, CoorsTek, Morgan Advanced Materials, and Kyocera.

Other Prominent Vendors in the market are: NGK Spark Plug, McDanel Advanced Ceramic Technologies, and Saint-Gobain.

Browse full report with TOC@ https://marketreportscenter.com/reports/368488/global-technical-ceramics-market-2016-2020

Commenting on the report, an analyst from Technavios team said: One of the key trends for market growth will be integration of low cost production technologies. The demand for lightweight armors and engine components is increasing. Aircraft manufacturers are considering technical ceramics as a substitute for conventional alloys and metals. Further, aircraft manufacturers, especially in the US and Europe, are concentrating on the development of fuel-efficient aircraft. Therefore, more technical ceramics components are likely to be used in aircraft engines produced between 2015-2022. Currently, the high-cost of technical ceramics when compared with that of conventional metals and alloys acts as a barrier to their adoption. However, the emergence of new technologies is foreseen to decrease manufacturing costs, thereby increasing their acceptance.”

According to the report, increased use of technical ceramics in high-temperature applications will be a key driver for market growth. Lightweight and low conductive technical ceramics are used in insulation applications to conserve energy by preventing heat loss from furnaces and kilns. These materials help in saving more than 21% of the energy, thereby reducing overall operational costs. The industrial sector accounts for more than 30% of the total fuel consumption globally; an estimated 25% of which is wasted. Poor heat management in conversion processes accounts for more than 45% of the total energy lost...