Technical Ceramics Market Value Was USD 56.7 Billion In 2015 And Is Expected To Grow At A CAGR Of Over 10% From 2016 To 2024: Grand View Research, Inc.

The global technical ceramics market is expected to reach USD 134.58 billion by 2024, according to a new report by Grand View Research, Inc. Rising product need in various end-use industries owing to their cost effectiveness and increased life span as opposed to their traditional counterparts is expected to positively impact the market over the forecast period. Increasing automobile demand among consumers particularly in Asia Pacific countries including China and India on account of rising disposable income and changing lifestyle is expected to fuel technical ceramics market over the forecast period. Also, rising product use as a substitute to plastics and metals in numerous high-performance applications in the medical and automotive sector is expected to propel growth over the next eight years.
These products have been gaining acceptance over the past few years on account of growing awareness regarding their benefits such as biodegradability, durability, and high tensile strength. Rising environmental concerns coupled with stringent regulations by governments in North America and Europe are expected to further propel product demand over the next eight years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/technical-ceramics-market

Further key findings from the report suggest:

·         The global technical ceramics market value was USD 56.7 billion in 2015 and is expected to grow at a CAGR of over 10% from 2016 to 2024.

·         Titanates are expected to be the fastest growing material segment from 2016 to 2024 at a CAGR over 11% in terms of revenue owing to their increasing use as capacitors. Rising need for energy storage worldwide is expected to propel product demand.

·         The monolithic ceramic market was estimated at over USD 45 billion in 2015. The product is employed in numerous insulation and lining applications as they are resistant to thermal shock as well as abrasion and can withstand tremendously high temperatures. These factors are expected to positively impact growth over the forecast period.

·         Bioceramics application was valued at above USD 2 billion in 2015. The segment is expected to grow at a fast pace over the next eight years on account of its rising use in joint and hip replacements.

·         Medical sector demand for the product was estimated at above 6 billion in 2015. Increasing need from this industry in various applications such as dental implants and bone & tissue replacements is expected to propel product industry over the forecast period.

·         North America was one of the largest markets for the product and is expected to grow at a CAGR of over 9% from 2016 to 2024. Stringent environmental regulations have led to increased product use as it aids in controlling pollution. Additionally, stringent emission standards in North America and Europe are expected to provide growth opportunities for the product over the next eight years.

·         In November 2015, Oerlikon Metco signed an agreement with Laser Cladding Services, LLC to acquire its traditional ceramics business. In July 2015, Morgan Advanced Materials invested in the semiconductor market in order to improve its production capabilities

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Grand View Research has segmented the global technical ceramics market on the basis of material, product, application, end-use and region:
Technical Ceramics Material Outlook (Revenue, USD Million, 2013 - 2024)

·         Alumina ceramics

·         Titanate ceramics

·         Zirconate ceramics

·         Ferrite ceramics

·         Aluminum nitride

·         Silicon carbide

·         Silicon nitride

Technical Ceramics Product Outlook (Revenue, USD Million, 2013 - 2024)

·         Monolithic ceramics

·         Ceramic coatings

·         Ceramic matrix composites

Technical Ceramics Application Outlook (Revenue, USD Million, 2013 - 2024)

·         Electrical equipment

·         Catalyst supports

·         Electronic devices

·         Wear parts

·         Engine parts

·         Filters

·         Bioceramics

·         Others

Technical Ceramics End-use Outlook (Revenue, USD Million, 2013 - 2024)

·         Electrical & electronics

·         Automotive

·         Machinery

·         Environmental

·         Medical

·         Others

Technical Ceramics Regional Outlook (Revenue, USD Million, 2013 - 2024)

·         North America

o    U.S.

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    India

·         Latin America

o    Brazil

·         MEA

o    Saudi Arabia

For press release of this report - http://www.grandviewresearch.com/press-release/global-technical-ceramics-market

Nanocomposites Market To Gain From Rising Usage In Aviation, Energy And Packaging Industries Till 2024: Grand View Research, Inc.

The global nanocomposites market size is expected to reach USD 7.48 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for nanocomposites in the automobile industry, increased application of nanocomposites in building and construction, high volume consumption in electronics and semiconductors are some of the major factors that have been driving the market. However, the high cost of materials and technology to manufacture them along with the environmental impact of certain materials used in nanocomposites manufacturing are holding back the market.
Nanocomposites usually comprise of a strengthening layer/layers of various materials such as clay, plastics, glass, carbon nanotubes, graphene and others. The binder material used is usually a polymeric resin (eg: epoxy) and this binding matrix holds the materials together to impart strength and higher toughness once the composite system has cured.
The nanocomposites market uses materials such as metals and metallic nanoparticles, polymers, nano-sized clay particles, carbon derivatives such as carbon nanotubes and graphene and other nanoparticles. These materials can be sourced from raw material manufacturers in all the regions globally. Major raw material manufacturers have their manufacturing bases in Europe and North America and usually distribute their materials through local suppliers in various regions around the world.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/nanocomposites-market

Further key findings from the report suggest:

·         Metal/Metal oxides demand was 17.6 kilo tons in 2014. Metal/metal oxides are extensively used in manufacturing electronic parts and semiconductors. Metal oxides exhibit superior electrical conductivity and is being used in the preparation of pseudo capacitive electrochemical supercapacitors. Metal oxides includes the use of manganese, titanium, tantalum and vanadium oxides in the manufacturing of electronic parts owing to high durability and its ability to withstand high temperature.

·         Ceramics accounted for 13.0% of the global market volume in 2014. Ceramic nanocomposites exhibit improved hardness, strength, durability and as compared to its counterparts. Ceramic nanocomposites provide superior thermal resistance and are used extensively in aerospace application. Furthermore, it is used in a variety of application due to its characteristics including flame retardancy, high shock resistance, and improved magnetic and optical properties.

·         Aviation is expected to witness significant growth, growing at a CAGR of 24.2% from 2015 to 2022. Nanocomposites are used in the aviation industry in manufacturing flame retardant panels and high performance components. In addition, it provides structural strength to the existing panels which is expected to have a positive impact towards market growth. Furthermore, nanocomposites easily blend with plastic and metal and provide added strength to panels.

·         Europe demand for nanocomposites was 68.2 kilo tons, growing at a CAGR of 23.3% from 2015 to 2022. Europe is characterized by the growing demand for nanocomposites in automotive and aviation a-applications. Growing demand for these products owing to their lightweight and superior durability is expected to increase demand over the forecast period. Furthermore, these products are being increasingly used in the manufacturing of wind turbines and solar panels. In terms of product, nanoclay is expected to witness fastest growth as compared to its counterparts.

·         Key players in the nanocomposites market include Arkema SA, BASF SE, Cabot Corportation, Cyclics Corporation, DSM, Elementis Specialties Inc., eSPin Technologies Inc., DuPont, Foster Corporation, Powdermet Inc., Inframat Corporation, Zyvex Technologies. 

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/nanoparticles

Grand View Research has segmented the global nanocomposites market on the basis of product,
application and region:
Nanocomposites Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

·         CNT

·         Nanoclay

·         Metal/metal oxides

·         Ceramics

·         Others

Nanocomposites Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

·         Packaging

·         Automotive

·         Electronics & electrical

·         Aviation

·         Energy

·         Construction

·         Military

·         Others

Nanocomposites Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         ROW

For press release of this report - http://www.grandviewresearch.com/press-release/global-nanocomposites-market

Advanced Carbon Materials Market Is Expected To Foresee Revenue Growth At A CAGR Of 6.8% From 2016 To 2024: Grand View Research, Inc.

The global advanced carbon materials market is expected to reach USD 5.29 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for fiberglass products in construction, automotive and energy applications, as a lightweight material, is likely to have a positive impact. Furthermore, technological advancement for the development of carbon nanomaterials is expected to increase the industry penetration over the next eight years.
The demand for graphene was 481.2 tons in 2015 and is projected to witness growth in light of its increasing usage as a protective coating for manufacturing flexible electronic devices and smartphones. In addition, companies are focusing on innovation to develop products catering to niche applications. In June 2015, Sweden-based Graphensic developed a new graphene-derived resistance standard measurement kit which is capable of observing Quantum Hall effect at high temperature and low magnetic temperature.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/advanced-carbon-materials-market

Further key findings from the report suggest:

·         Energy is expected to foresee revenue growth at a CAGR of 6.8% from 2016 to 2024. Growing demand for photovoltaic (PV) cells in light of providing high efficiency as compared to conventional solar devices is expected to promote the usage of advanced materials, particularly carbon nanotubes as filling agents.

·         Aerospace & defense generated revenue worth USD 1.06 billion in 2015. Increasing utilization of CFRP for manufacturing fuselage components and wing boxes for optimizing aerodynamic efficiency is likely to have a positive impact on market growth over the next eight years.

·         Fibers are likely to witness volume growth at a CAGR of 6.5% from 2016 to 2024. Significant demand for carbon fiber reinforced plastics (CFRP) in automotive, construction and electronics applications in light of providing excellent high initial strength-to-weight ratio is expected to remain a favorable factor. 

·         Asia Pacific generated a revenue of USD 878.2 million in 2015 and is anticipated to witness substantial gains over the forecast period on account of the expansion of the manufacturing sector. In May 2016, Foxconn announced the establishment of Apple iPhone manufacturing facility at USD 10 billion in Maharashtra by 2020. This initiative is expected to open new markets for these advanced materials over the forecast period.

·         Key manufacturers include Toray Industries, Hexcel, Mitsubishi Rayon, Showa Denko, Thomas Swan, Graphenea SA, and Graphene Laboratories. Companies are focusing on new product development and formation of strategic alliances with technological companies. For instance, in July 2016, Showa Denko developed a new grade of carbon nanotube under the brand name, VGCFTM-X, with optimized design for resin composite applications.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the global advanced carbon materials market by product, application, and region:
Product Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)

·         Carbon fibers

·         Graphene

·         Carbon nanotubes

·         Structural graphite

·         Carbon foams

Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)

·         Aerospace & Defense

·         Energy

·         Electronics

·         Sports

·         Automotive

·         Construction

·         Others

Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)

·         North America

o    U.S.

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    China

o    Japan

·         Latin America

o    Brazil

·         Middle East & Africa (MEA)

For press release of this report - http://www.grandviewresearch.com/press-release/global-advanced-carbon-materials-market