The global technical ceramics market revenue is expected to register a moderate CAGR over the forecast period. The global technical ceramics market report has been segmented on the material type, product, application, and region.
Based on material type, the global technical ceramics market is segmented based on oxide ceramics, and non-oxide ceramics. The oxide segment accounted for significant revenue share of the market and is expected to register a CAGR of XX.X%.
Based on product, the target market is segmented based on monolithic ceramics, ceramic matrix composites, and ceramic coatings. The monolithic ceramics segment is expected account major revenue share of the market over the forecast period.
Based on application, the target market is segmented based on electronics & semiconductor, automotive, energy & power, industrial, medical, and military & defense. The electronics & semiconductor segment is expected to account for major revenue share of the market over the forecast period.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Asia Pacific contributes major share in terms of revenue in global technical ceramics market and is expected to maintain its dominance over the forecast period. Market in Asia Pacific is expected to register highest growth over the forecast period. Increasing demand for technical ceramics in countries such as China and India, owing to the rapidly growing automobile and electronics industries, is expected to create demand for technical ceramics which in turn is expected to drive growth of market in the region over the forecast period.
Some prominent players in the global technical ceramics market are CeramTec GmbH, Elan Technology, Oerlikon Surface Solutions AG, Ortech Incorporated, Morgan Technical Materials PLC, CoorsTek, Kyocera Industrial Ceramics Corporation, 3M Company, DuPont, and Rauschert Steinbach GmbH.