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WELLESLEY, MA --(Marketwired - March 14, 2016) - The global market for advanced ceramic and nanoceramic powders should demonstrate solid, if not impressive, growth from 2016-2021. BCC Research reveals in its new report that the growth rate for the nanoceramic powders segment should more than double that of the advanced ceramic powders segment, significantly growing its share of the total market by 2021.
Advanced ceramic and nanoceramic powders generally refer to inorganic nonmetallic granular materials that are fabricated from chemical processes, as differentiated from what are termed industrial minerals. The latter group is mined directly from the earth and purified and reduced in size to particular specifications. BCC Research's new report covers oxides, carbides, nitrides and borides that, with a few exceptions, are sold as starting materials for solid commercial articles.
The global market for advanced and nanoscale ceramic powders will grow from nearly $14.6 billion in 2016 to $22.3 billion by 2021, reflecting a five-year compound annual growth rate (CAGR) of 8.9%. Advanced ceramic powders, which accounted for 81.6% of the market in 2015, should total about $11.7 billion and $16 billion in 2016 and 2021, respectively, with a five-year CAGR of 6.5%. However, the nanosized powders segment should grow substantially during the forecast period, increasing its market share to 28.1% by 2021.
The potential for ceramics in structural applications is quite diverse; examples range from disposable inserts for cutting tools to artificial bone implants. Some of the current commercial applications include cutting tools, mechanical seals, ceramic liners, bearings, thread guides and bioimplants including dental teeth and caps. Major efforts are underway to apply structural ceramics to automotive reciprocation engines for wear components, turbochargers and a variety of diesel engine components: gas turbines for regenerators, recuperators and stationary elements. Success in any of these future applications will dynamically affect market growth, improve energy efficiency and aid in the balance of trade, and reduce dependency on strategic metals.
The promise of performance improvements is the main driving force behind continued development and commercialization of high-performance ceramic coatings. These coatings are generally applied to engineering metals such as cast iron, steels, superalloys, titanium alloys, tungsten carbides, carbon/carbon composites and other ceramics. Use of ceramic coatings enables metals to be used for several applications for which they would otherwise be unsuitable due to the severity of the service environment.
In 2015, the market for ceramic nanopowders was estimated at $2.3 billion. The market should approach $2.7 billion in 2016 and exceed $6.1 billion by 2021, at a CAGR of 18% over the next five years.
"The market is and will continue to be dominated on a volume basis by oxide ceramics, primarily nanocrystalline silica, alumina, iron oxide, titania and zinc oxide," says BCC Research analyst Andrew McWilliams. "Nanocrystalline silica and alumina alone constituted more than 30% the market in 2015. The potential commercial applications are very much in the discovery stage, partly because the material behavior of ceramics and other materials from nanopowders are in the process of being defined. As the market for nanoparticles expands, especially in demanding applications such as semiconductors and pharmaceuticals, existing production technologies are continually being refined and new processes developed."
Advanced Ceramics and Nanoceramic Powders (NAN015H) analyzes the material types in each category along with processing technologies, properties, applications, suppliers, prices and markets. Analyses of global market drivers and trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021 also are provided.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world's greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email email@example.com.
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