Advanced Ceramics / Ceramic Industry News

North American Structural Ceramics Market to Grow 5%

March 27, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

The North American market for technical and advanced structural ceramics was valued at nearly $3.5 billion in 2011 and is expected to increase to $4.4 billion in 2016, a five-year compound annual growth rate (CAGR) of 5.1%, according to “Technical and Advanced Structural Ceramics,” a new report from BCC Research. The North American market for technical and advanced structural ceramics can be separated into six segments by application: bioceramics; advanced armor and military equipment; wear-, erosion-, and corrosion-resistant components; cutting tools and tool inserts; energy- and high-temperature-resistant components; and aircraft and aerospace equipment. 

Bioceramics, the largest segment, accounted for nearly $2.2 billion in 2011. The segment is expected to increase at a CAGR of 5.2% to reach $2.8 billion in 2016. Advanced armor and military equipment accounted for $572 million in 2011 and is expected to reach $696 million in 2016, a CAGR of 4%. The segment made up of wear-, erosion-, and corrosion-resistant components accounted for $457 million in 2011 and is expected to reach $583 million in 2016, a CAGR of 5%. In 2011, the cutting tools and tool inserts segment was worth $141 million; in 2016, that value should reach $189 million, a CAGR of 6%. Energy- and high-temperature-resistant components is expected to increase from $93 million in 2011 to $124 million in 2016, a 5.9% CAGR. Aircraft and aerospace equipment is expected to rise from $15 million in 2011 to $17 million in 2016, a 2.5% CAGR.

Advanced structural ceramics have the potential to resolve many materials-based challenges in process industry, power generation, aerospace, transportation and military applications. Their wear resistance, corrosion resistance, high-temperature resistance, and lightweight properties represent a superior combination of qualities. These materials may help to decrease energy consumption and minimize pollution.

For more information, visit www.bccresearch.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

September 2014 Issue Highlights

Our September 2014 issue is now available!

Posted: December 15, 2014

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI December 2014 cover

2014 December

Be sure to check out our annual Services Directory and Business Guide, with additional articles on advanced glass components, ceramic grinding media, and more!

Table Of Contents Subscribe

Personal Smartphones

Do you use your personal smartphone or other device to complete tasks for your job?
View Results Poll Archive

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!