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Monolithic Ceramics Market Size 2019-2024 | Comprehensive Study on Automotive and Aerospace Industry to Explores Huge Growth in Future

Author : Ronak Bora | Published Date : 2019-08-07 

Monolithic Ceramics Market size is likely to see potential gains during the forecast period owing to its immense use in major industries such as automotive and aerospace, medical industries. Subject to its desirable mechanical, chemical, and physical properties, the usage of monolithic ceramics in the automotive industry has increased considerably. As per the estimates, automotive sector is foreseen to cover one tenth of the overall monolithic ceramics industry share by 2024. Advanced ceramic materials are incorporated into automotive designs, as certain demanding conditions require a material that is reliable and robust. Advancements in car & aerospace manufacturing technology have generated higher complexity in the automobile parts. In the event of high temperature environments which calls for high durability materials, monolithic ceramics provides all the required components for peak engine performance as they are more cost-efficient than metal and more durable than plastic.

The monolithic ceramics market might be subjected to certain growth restraints in the forecast years such as higher energy costs involved in its production. Owing to the higher costs of manufacturing, attainment of competitive pricing will become a rare phenomenon for the industry participants. These traits also pose significant threats to the new market entrants.

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 Considering the application segment, the has been divided into automotive, medical, power, electrical & electronics, and others such as plastic manufacturing, defense applications, etc. The medical segment will observe a revenue beyond USD 4 billion by the end of the forecast time. The automotive category will account for more than 10% of the overall monolithic ceramics market share in 2024. Expanding medical spending in developing economies will enhance segment's development in the near future, as the product is widely used in diagnostic tools and medical implants.

Reportedly, the electrical and electronics sector led the application landscape of monolithic ceramics market in 2016 and is expected to maintain an annual growth rate of 7.5% over 2017-2024. Owing to its unique physical and mechanical properties, monolithic ceramics are widely used in semiconductors. Rising global demand for electronic devices such as mobile phones and laptops has been testified as an instrumental factor propelling monolithic ceramics market growth over the coming years.

Thriving worldwide electronics industry will be over USD 2.8 trillion by 2024 and will be a key driver for monolithic ceramics market in the near future. In 2016, the worldwide mobile phone user penetration was about 62% of global population which will reach more than 70% by 2024. The upsurge will be attributed to easy availability of smartphones at a wide range of prices along with the growing popularity of gadgets including notebooks, laptops, etc. These trends present brighter growth opportunities for the monolithic ceramics market throughout the forecast years.

Asia Pacific’s rapidly expanding electrical and electronics sector has allegedly ensured that the region remains at the forefront in terms of market demand. Reportedly, it is estimated to generate revenue over USD 11 billion by 2024, growing at a CAGR of 8% over the coming seven years. Europe monolithic ceramics market, having collected over USD 4.5 billion in 2016, is another region witnessing huge product demand, owing to its fully-fledged electrical and electronics industry. The industry is anticipated to be strongly characterized by M&As and collaborations, product innovations, and significant R&D spending in the coming years. Global Market Insights, Inc. projects the global monolithic ceramics industry to surpass a valuation of USD 30 billion by 2024.

Key industry participants in monolithic ceramics market consist of CoorsTek, Advanced Ceramics Manufacturing, Ceradyne, Morgan, Corning, CeramTec, Elan Technology, KYOCERA, Saint-Gobain Ceramic Materials, Pingxiang Yingchao Chemical Packing Company, McDanel Advanced Ceramic Technologies, Rauschert, Pingxiang NANXIANG Chemical Packing, Pingxiang Xingfeng Chemical Packing, and Murata Manufacturing.

Browse key industry insights spread across 110 pages with 140 market data tables & 11 figures & charts from the report, “Monolithic Ceramics Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/monolithic-ceramics-market

Glimpse of Table of Content (ToC)

Chapter 3.  Monolithic Ceramics Market Insights

3.1.  Monolithic Ceramics Market segmentation

3.2.  Monolithic Ceramics Market size and forecast, 2013 - 2024

3.3.  Monolithic Ceramics Market ecosystem analysis

3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.4.  Industry impact forces

3.4.1.     Growth drivers

3.4.1.1.    High growth in the Asia Pacific electronics industry

3.4.1.2.    Rising demand for ceramics in medical applications

3.4.2.     Industry pitfalls & challenges

3.4.2.1.    High production cost of monolithic ceramics

3.5.  Growth potential analysis

3.6.  Technology trends

3.7.  Regulatory trends

3.7.1.     U.S.

3.7.2.     Europe

3.7.3.     China

3.8.  Porter’s analysis

3.9.  Company market share analysis, 2016

3.9.1.     Strategic landscape

3.10.     PESTEL analysis

3.11.  Regional price trends

3.11.1.   Cost structure analysis

3.11.2.   Raw material trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/monolithic-ceramics-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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