The global market for ceramics should grow from nearly $36.4 billion in 2019 to $51.3 billion by 2024 with a compound annual growth rate (CAGR) of 7.1% for the period of 2019-2024.
To examined the commercially significant categories of global ceramics market. They are Technical Ceramics, Polymer-derived Ceramics, Bio-Ceramics, Transparent Ceramics, Electro-Ceramics and 3D Printed Ceramics.
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Key highlights for the global ceramics market are –
– Bio-Ceramics will be the largest segment for ceramics, reaching $REDACTED billion by 2024 growing at a CAGR of REDACTED% during the forecast period.
– The Electro-Ceramics segment follows the Bio-Ceramics segment, which is expected to increase at a CAGR of REDACTED% over the same forecast period.
– 3D Printed Ceramics is growing at the highest CAGR of REDACTED% during the forecast period.
Reasons for Doing This Study
The last decade can be seen as the beginning of a new era in the development and use of ceramic materials as structural, electronic, magnetic or optical components. The ceramics field comprises a very diverse set of materials, including some of the oldest known materials and many of the new exciting materials.
In view of ceramics getting so much importance,This is an appropriate time to provide a general outlook of ceramics market scenario in order to provide readers with an up-todate understanding of the value and structure of the global ceramics industry. This study reviews few submarkets in the last two years related to material, type, and applications of ceramics. It highlights growing and contracting segments, technological challenges that the industry is facing, and possible solutions to those challenges.
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