Porous Ceramic Market: North America Is Anticipated To Register A Growth Of 9.6%, In Terms Of Revenue
Porous Ceramic Industry Overview
The global porous ceramic market size is expected to reach USD 13.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.4% from 2021 to 2028. The increasing demand for medical equipment in the healthcare sector coupled with the rising need for filtration products is expected to stimulate market growth over the forecast period.
Porous ceramics, as the name implies, have minute holes or pores in their structure owing to which they are light in weight and have low heat capacities. These are used as filtration and insulation products and in high purity materials and structural components as well. Their superior properties have augmented their penetration in various industries including semiconductors, electronics, medical, and automotive.
Filtration is required for several residential and industrial purposes, including heating, ventilation, coffee machines, and air conditioning systems. Porous ceramic filtration products are used for the cleaning of process liquids and the separation of materials in the chemical, pharmaceutical, and food industries. In addition, the products are used in gas separation membranes owing to their properties, such as high-pressure resistance, good permeability, durability, and reliability.
Rising demand has encouraged manufacturers to introduce new products. For instance, in August 2021, CeramTec introduced porous ceramic membranes for cross-flow membrane filtration. These multi-channel tubes are made from alumina for being used in nano, ultra, and microfiltration in various industries including pharmaceuticals and biotechnology.
Increasing investments in the semiconductor industry of Southeast Asia are expected to drive the market growth in Asia Pacific. Superior properties of porous ceramics are propelling their demand in semiconductor wafer handling. In August 2021, Fuji Electric announced to invest an extra JPY 40 billion (~USD 365 million) for expanding the production of power semiconductors in Malaysia. Such investments are anticipated to prove fruitful for market growth.
The market is highly competitive owing to the presence of numerous established players. The key players are expanding their presence to cater to a wider customer base. For instance, in April 2021, CoorsTek, Inc. announced an additional expansion of its manufacturing footprint in Benton, Arkansas, U.S., which is a step in the company’s long-term strategy for supporting innovation in the aerospace & defense sector.
Porous Ceramic Market Segmentation
Grand View Research has segmented the global porous ceramic market on the basis of raw material, product, application, and region:
Based on the Raw Material Insights, the market is segmented into Alumina Ceramics, Titanate Ceramics, Zirconate Ceramics, Ferrite Ceramics, Aluminum Nitride, and Others.
- Alumina-based products are highly preferred across the semiconductor, electrical, and medical industries owing to their excellent properties, such as low specific heat, low bulk density, and low thermal conductivity. The rising need for the product, coupled with superior properties of alumina is compelling market players to invest in R&D activities for product innovations, thereby promoting the demand for alumina-based products.
- Titanate ceramics is projected to grow owing to its deployment in producing porous piezoceramic ceramics. It is also used in a capacitor as a dielectric material. It is increasingly being used in microphones and transducers as a piezoelectric material. In addition, the pyroelectric and ferroelectric properties of barium titanate are used to manufacture un-cooled sensors that find applications in thermal cameras.
Based on the Product Insights, the market is segmented into Filtration, Insulation, High-purity Materials, Structural Components, and Others.
- Insulation is anticipated to register the second-fastest CAGR, in terms of revenue, over the forecast period. Technological advancements in the ceramic production process have led to the development of highly porous ceramic foams, which are increasingly being used for thermal insulation in blast furnaces and refractories. The rising need for refractories is thus, expected to augment the segment growth over the forecast period.
- High-purity materials are anticipated to register the highest CAGR over the forecast period. Components manufactured using high-purity materials exhibit superior surface finish owing to fine average grain size. They provide several advantages over low-purity materials, such as excellent hardness, flexural strength, and dielectric strength. In addition, these materials impart high thermal shock resistance to the components made from them.
Based on the Application Insights, the market is segmented into Automotive, Medical, Electronics & Semiconductors, Energy & Power, Industrial, Aerospace & Defense, and Others.
- Automotive is a key application wherein porous ceramics are extensively used owing to their superior properties, such as high mechanical strength, abrasion resistance, chemical stability, and thermal stability. Investments in the automotive industry, especially for developing Electric Vehicles (EVs) are anticipated to fuel the market growth over the forecast period.
- Medical is another key application segment of the market. The increasing penetration of additive manufacturing for producing complex parts of medical devices and equipment is expected to prove beneficial for market growth. For instance, in November 2020, Scientists from the Skoltech Center for Design, Manufacturing, and Materials developed a method using additive manufacturing for designing and manufacturing complex ceramic bone implants.
Porous Ceramic Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Order a free sample PDF of the Porous Ceramic Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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