In 2023, industrial ceramics will become one of the hottest materials in various industries worldwide. According to a report released by market research firm Mordor Intelligence, the global industrial ceramics market size will increase from $30.9 billion in 2021 to $50 billion, with a projected compound annual growth rate of 8.1%. High temperature resistance, wear resistance, and corrosion resistance properties of industrial ceramics will be widely applied in multiple industries, including electronics, medical, aerospace, automotive, and energy.
The electronics industry is one of the largest application areas in the industrial ceramics market, which is expected to account for over 30% of the global industrial ceramics market. Industrial ceramics will be used to manufacture high-frequency electronic devices, microwave transmission equipment, antennas, and electronic substrates. With the development of 5G communication technology, the demand for high-frequency electronic devices will also continue to grow, which will further drive the growth of the industrial ceramics market.
The medical field is also an important area in the industrial ceramics market, which is expected to account for about 10% of the market share in 2023. Industrial ceramics are used in medical devices, including artificial joints, implants, dental restorations, and orthopedic implants. Industrial ceramics have excellent biocompatibility and wear resistance, which can meet the high material requirements of medical devices.
The aerospace industry is another application area in the industrial ceramics market, which is expected to account for about 9% of the market share in 2023. Industrial ceramics are used in aerospace applications, including gas turbines, rocket nozzles, aircraft turbine blades, and more. Industrial ceramics have high temperature resistance, high strength, and wear resistance properties, which can meet the high material requirements of the aerospace industry.
The automotive industry is a potential application area in the industrial ceramics market, which is expected to have more growth opportunities in the coming years. Industrial ceramics can be used in automotive exhaust systems, engine components, and braking systems, among others. Industrial ceramics have excellent wear resistance, high temperature resistance, and corrosion resistance properties, which can meet the high material requirements of the automotive industry.
Post time: Mar-10-2023