(MENAFN – GetNews) The Technical Ceramics Market is expanding due to demand in electronics, automotive, and aerospace industries for durable, heat-resistant materials. Expected to grow from USD 12.2 billion in 2024 to USD 17.5 billion by 2029, the market will see a CAGR of 7.4%. Innovations in digital technologies and 3D printing are driving this growth, along with the medical sector’s need for high-performance materials.
Major companies like CoorsTek Inc., Kyocera Corporation, and CeramTec are focusing on mergers, acquisitions, and product launches to meet rising demand. CoorsTek is a key player in advanced ceramics for various industries, while CeramTec specializes in medical and industrial ceramics.
Kyocera is known for its advanced materials and diverse product segments, whereas Morgan Advanced Materials manufactures technical ceramics for multiple sectors, including aerospace and automotive. Saint-Gobain produces engineered ceramics for extreme conditions.
Non-oxide ceramics are predicted to be a significant market segment due to their excellent thermal properties, making them suitable for high-tech applications. The automotive industry will also be a major growth area, utilizing technical ceramics for parts like heat shields and brake disks.
South America is expected to show rapid market growth, driven by demand in construction, electronics, and automotive sectors.
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