Felton, 2 March 2019 - Technical Ceramics Market size is expected to value at USD 134.58 billion by 2024, during the forecast period. The market is subject to witness a substantial growth due to cost-effectiveness associated with the use of advanced ceramics products and longer life cycle, and growing competition in the market. Growing demand of the advanced ceramics or technical ceramics in the automotive sector is one of the key factor propelling the market growth in recent years.
Request a PDF Sample @ https://www.millioninsights.com/industry-reports/technical-ceramics-market-size/request-sample
The adoption of the technical ceramics mainly in the developing countries along with expansion of the automobile industry in the region owing to the recent economicgrowth are spiraling the market demand for the technical ceramics industry over the forecast period. The adoption of the technical ceramics as an alternative to the plastics and metals in automotive and healthcare market segment is attributing to the advancement of the market. Globally, the market is predicted to grow at high CAGR in forecast period, providing numerous opportunity for market players to invest for research and development in the technical ceramics market.
The growing awareness about the benefits offered with the use of the technical ceramics over the conventional products are driving the demand for the technical ceramic market in coming years. The advantage associated with the use of the technical ceramics are bio-degradability, durability, reliability, and superior tensile strength. Most of technical ceramics are eco-friendly in nature in comparison with conventional materials, and stringent governmental regulation to limit environmental hazards with use of traditional materials such as plastics is fueling the growth of the technical ceramics during the forecast period. The application of technical ceramics has found its way in the electronic andelectrical industry as well. Growing use of the electronic devices by consumers will further push market demand of technical ceramics.
Excessive adoption of the coated machinery materials, along with shifting inclination towards technical coatings by consumers and recent developments in various deposition processes, are opening numerous potential opportunities for the technical ceramics industry in coming years. Some of the critical factors associated with market limitation are numerous governmental regulations in regards to the environmental impact and growing competition from other types of materials.
The technical ceramics are also referred as engineering ceramics or industrial ceramics or advanced ceramics. Technicalceramics are considered as highly-sophisticated ceramicsconsisting of distinctive characteristics such as mechanical, electrical, thermal and bio-chemical that are suitable for various industrial applications.
The technical ceramics market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the use in the environmental and medical sectors and growing emphasis on research for new product development. Asia-Pacific region is predicted to hold major market share in the technical ceramics industry with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific’s market with growing competition in manufacturing, reduced costs, rising economic growth in the region, and constant demand in the end-user industries.The key players in the technical ceramics market are Kyocera Co., CeramTec Co., Morgan Advanced Materials Inc., McDanel Co., and Saint-Gobain Ceramic Materials.
Market Segment:
Material Outlook (Revenue, USD Million; 2013 - 2024)
- Alumina ceramics
- Titanate ceramics
- Zirconate ceramics
- Ferrite ceramics
- Aluminum nitride
- Silicon carbide
- Silicon nitride
Product Outlook (Revenue, USD Million; 2013 - 2024)
- Monolithic ceramics,
- Ceramic coatings
- Ceramic Matrix Composites
For More Technical Insights, Download Brochure @ https://www.millioninsights.com/industry-reports/technical-ceramics-market-size
The global seafood packaging market size is projected to reach USD 13,503.4 million by the end of 2027.
According to a report published by Fortune Business Insights, titled “Seafood Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastic, Paper & Paperboard, Metal, Glass, and Others), By Product (Trays, Bags & Pouches, Food Can, Boxes, Shrink Films, and Others), By Packaging Product (Modified Atmosphere Packaging, Vacuum Skin Packaging, and Others), By Application (Fresh & Frozen, Processed, and Ready to Eat), By Seafood Type (Fish, Molluscs, Crustaceans, and Others), and Regional Forecast, 2020-2027” the market was worth USD 9,405.5 million in 2019 and will exhibit a CAGR of 4.9% during the forecast period, 2020-2027.Seafood packaging involves everything that is associated with the selling and transporting of seafood across all sectors.
The rising investments in sustainable packaging have created several growth opportunities for the companies operating in the seafood packaging market.
The increasing demand for culinary cuisines and the rising trends of seafood consumption as part of these cuisines will have a positive impact on the growth of the overall market in the coming years.
The massive seafood consumption in countries such as Malaysia, India, China, and Sri Lanka will have a massive impact on the growth of the regional market.
As of 2019, the market in Asia Pacific was worth USD 7157.6 million and this value is projected to rise at a considerable pace in the coming years.
The global aircraft actuator market size is projected to reach USD 16.98 billion by the end of 2026.
Recent technological advancements have played a huge part in the growth of the market in recent years.
According to a report by Fortune Business Insights, titled “Aircraft Actuator Market Size, Share and Global Trend By Motion (Linear, Rotary), By Actuator Type (Hydraulic, Pneumatic, Electric, Electromechanical, Electrohydrostatic), By Platform (Fixed-Wing, Rotary-Wing), By Installation (Power Generation & Distribution System, Flight Control System, Fuel Management System, Landing Gear & Braking System, Passenger Comfort, and others), and Geography Forecast till 2026,” the market was worth USD 14.85 billion in 2018 and will exhibit a CAGR of 3.12% during the forecast period, 2019-2026.An actuator is a system that is used for controlling the movement functions of an aircraft.
The high investments towards the development of efficient actuators, driven by the demand for efficient and faster products, will have a positive impact on the growth of the market in the coming years.
Among all factors, the increasing number of product launches has made a huge impact on the growth of the market in recent times.
The emphasis on the adoption of technologically advanced products has compelled companies to introduce newer products at a rapid pace.
