global market revenues for ceramics are set to near the mark of US$ 100 Bn in 2019

UNITED STATES, January 18, 2022 /EINPresswire.com/ -- Global ceramics consumption volume was recorded ~462 thousand KT in 2018, which is anticipated to see a healthy ~5% Y-o-Y increase in 2019. The latest report published by Fact.MR reveals a promising growth outlook for the global ceramics market, over the course of coming years.

The clamor for optimal efficiency has fueled innovations and developments in passive electronic components landscape. The demand for passive components is significantly taking off, owing to their abilities to control the electron flow in a circuit. Ceramic capacitors represent a bulk of the overall passive component demand and are being actively sought-after across multiple Industry verticals.

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Ceramic-based electronic components, such as ceramic capacitors, are emerging as viable alternatives to the metal and plastic variants for elevating the efficiency a notch higher. Ceramic capacitors are being actively embraced across multiple industry verticals, such as consumer electronics, telecommunication, automotive, and many more. Lately, various industry verticals are showing notable preferences for multilayer ceramic capacitors (MLCCs) on the back of multiple performance advantages coupled with substantial cost savings.

The Fact.MR study highlights the growing demand for technical ceramics from the energy & environmental space. Increasing need for operational safety and low-wear process control has necessitated the adoption of advanced ceramics, also known as technical ceramics, in energy supply and environmental technology spaces. Technical ceramics help in curbing emission levels and facilitates optimal resource utilization and further enhancing their visibility across multimodal energy and environmental applications.

Competency in handling extreme temperatures and mechanical stresses is upholding the importance of technical ceramics across diverse applications, including power plant engines & turbines, photovoltaic systems, solar thermal energy conversions, and wind & water power. This, in turn, is creating sustained opportunities for the manufacturing companies to make headway with business expansions.

In the executive summary, the report summarizes the key report findings, followed by a brief statistical summary of the ceramics market. The executive summary also includes Fact.MR’s analysis and recommendation for key participants in the ceramics landscape.

The primary raw material in the production of ceramics is clay that consists of many minerals, with silica being the primary one. Clay and silica are obtained through external or natural sources, as well as through internal sources. Internal sources include recycling waste tiles and waste produced during the manufacture of tiles. Thus, the raw material for production is available in abundant quantities, which enhances the production of ceramics.

Clay is found in three raw forms: bentonite, fuller’s earth, and kaolin. The increase in clay production indicates an increased demand for clay across various purposes – of which ceramics and construction are the primary ones. Hence, the availability of clay in abundant quantities drives the ceramics market globally.

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Demand for Advanced Ceramics in Multi-Staged Semiconductor Manufacturing Processes
Advanced ceramics have become indispensable in the broader electronics industry on account of their diverse and integral contributions in terms of performance. Use of advanced ceramics in multiple phases of the semiconductor manufacturing process has become highly evident, ranging from silicon wafer processing to back-end packaging.

Critical ceramic components and devices support the broader functionality of new-age electronics, which in turn makes them one of the fundamental essentials in manufacturing of semiconductor devices.

The role of ceramics in the form of packaging materials, substrates, and other support functions in the semiconductor space continues to be highly favored, on the back of unparalleled protection and reliability offered.

Functionalities as such offered by ceramics are nonetheless critical, enabling technologies in the semiconductor manufacturing space.

Manufacturers Meeting High Performance Demands
Rising popularity of advanced ceramics is being perceived as the key factor propelling ceramics market growth.

To achieve attributes, such as bacteria and dirt resistance, manufacturers are leveraging advanced technologies, including nanotechnology, in manufacturing of high-strength and high-shelf life tiles and other ceramic flooring components, which typically witness high traction in industrial environments.

While companies are concentrating on new launches in the advanced, high-performance ceramic components category, electromobility (electric vehicles) has been identified as their new target area of application.

Surpassing the attributes of traditional materials, such as plastics and metals, advanced ceramics deliver excellent thermal conductivity, electrical insulation, and mechanical strength.

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Ceramics are widely used in the construction industry that is growing at a steady pace all over the world, specifically in developing regions. The demand for construction in the housing as well as commercial sector is increasing because of growing economies, urbanization, per capita income, and spending, GDP growth, population expansion.

In addition, the fulfillment of the demand for better aesthetic design, and structural reliability and sustainability of buildings without a significant increase in prices has been achieved due to the effective use of ceramics. Sustained demand for ceramics from the construction sector will continue to remain a key driving force for the ceramics market across the globe.

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