High-performance ceramics have been key for delivering multiple benefits in challenging and hostile environments. Unique characteristics such as light weight, high hardness, corrosion resistance, and high melting points have made ceramics the materials of choice in nuclear, defense, aerospace, and industrial applications, among others.
Several important factors, such as concern for the environment, economic competitiveness and technology, have converged over the past 25 years to cause both industry and government to constantly reassess the cleaning phase of manufacturing processes.
The global technical ceramics market is expected to grow at a CAGR of 6.37% through 2020.
October 3, 2016
According to a recent market study by Technavio, the global technical ceramics market is expected to grow at a compound annual growth rate (CAGR) of 6.37% from 2016-2020. As of 2015, Asia-Pacific held the largest market, at around 37.7%, and is anticipated to grow at a CAGR of around 7% during 2016-2020.