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Porous Ceramics Market Reach $12.4 Billion By 2025 With CAGR of 11.4% | Factors Such as Strength of The Porous Ceramics is Augment Its Demand in Various Medical Applications: Grand View Research, Inc.

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Porous Ceramics Market Reach $12.4 Billion By 2025 With CAGR of 11.4% | Factors Such as Strength of The Porous Ceramics is Augment Its Demand in Various Medical Applications: Grand View Research, Inc.

March 11
19:47 2020
Porous Ceramics Market Reach $12.4 Billion By 2025 With CAGR of 11.4% | Factors Such as Strength of The Porous Ceramics is Augment Its Demand in Various Medical Applications: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report by Grand View Research, Inc. the global porous ceramic market size was estimated at USD 5.8 billion in 2018 and is anticipated to witness a CAGR of 11.4% over the forecast period. Rising demand for the product from the industries such as automotive, medical, electronics and semiconductor, energy and power, industrial, aerospace and defense is anticipated to boost the market growth.

The global porous ceramics market size is expected to reach USD 12.4 billion by 2025, growing at a CAGR of 11.4%, according to a new report by Grand View Research, Inc. Expansion of the medical industry across the globe coupled with the use of advanced devices and tools is projected to propel the market growth.

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U.S. porous ceramic market

Factors such as toughness and strength of the porous ceramics is projected to augment its demand in various medical applications such as acetabular cups and femoral heads for hip replacement, dental implants and restorations, bone fillers, and scaffolds for tissue engineering. This is anticipated to propel the demand for porous ceramics in the medical industry, thereby driving the market growth.

Growing use of raw materials such as alumina and zirconia across various industries owing to properties such as stability, purity, and chemical inertia is likely to result in increased raw material cost. This is projected to limit the market growth over the forecast period. However, rising use of porous ceramic filtration and insulation products in the industrial sector is anticipated to fuel the market growth.

Further key findings from the report suggest:

  • Alumina ceramics raw material segment dominated the porous ceramics market in 2018 and is estimated to generate revenue of USD 4.8 billion in 2025, owing to their increasing use in industries such as semiconductor, electrical, and medical

  • The filtration product segment is anticipated to exhibit a CAGR of 10.3% from 2019 to 2025 in terms of revenue due to rising use of filtration products in the industrial processing

  • The medical application segment is estimated to witness a CAGR of 13.9% owing to rising healthcare spending across the globe, coupled with increased product penetration in the medical industry

  • Asia Pacific was valued at USD 2.3 billion in 2018 and is projected to witness gains over the forecast period owing to the expansion of the industrial sector in the region, which further promotes the demand for porous ceramic filtration products

  • Key participants are engaged in R&D activities to design and develop innovative processing technologies to cater the increasing product demand across various industries.

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Global porous ceramic market

Porous ceramics have low density, low thermal conductivity, low mass, low dielectric constant, thermal stability, high mechanical strength, high permeability, high resistance to chemical attack, and high wear resistance. These properties of the product make it acceptable across various industries such as electrical, automotive, semiconductor, and medical, thereby resulting in high product demand.

Access complete Porous Ceramics Market Report By Grand View research, Inc.

Grand View Research has segmented the global porous ceramics market on the basis of raw material, application, and region:

Porous Ceramics Raw Material Outlook (Volume, Kiloton; Revenue, USD Million, 2014 – 2025)

  • Alumina Ceramics

  • Titanate Ceramics

  • Zirconate Ceramics

  • Ferrite Ceramics

  • Aluminum Nitride

  • Others

Porous Ceramics Application Outlook (Volume, Kiloton; Revenue, USD Million, 2014 – 2025)

  • Filtration (Air Filtration, Liquid Filtration)

    • Automotive

    • Medical

    • Electronics & Semiconductors

    • Energy & Power

    • Industrial

    • Aerospace & Defense

    • Others

  • Insulation

    • Automotive

    • Medical

    • Electronics & Semiconductors

    • Energy & Power

    • Industrial

    • Aerospace & Defense

    • Others

  • High Purity Materials

    • Automotive

    • Medical

    • Electronics & Semiconductors

    • Energy & Power

    • Industrial

    • Aerospace & Defense

    • Others

  • Structural Components

    • Automotive

    • Medical

    • Electronics & Semiconductors

    • Energy & Power

    • Industrial

    • Aerospace & Defense

    • Others

  • Others

    • Automotive

    • Medical

    • Electronics & Semiconductors

    • Energy & Power

    • Industrial

    • Aerospace & Defense

    • Others

Porous Ceramics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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