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.
High-volume product designers traditionally considered ceramics a last substrate option due to high cost and lack of format availability. In the past, available thin ceramics were certainly not strong, robust, self-supporting or flexible. Volume markets today require a new set of high-performance, high-temperature-capable ceramic materials that are available in an ultrathin flexible roll format.
The 2016 CI Top 12 is our fourth annual exclusive ranking of the leading worldwide manufacturers of advanced ceramics, glasses and refractories. This is my favorite feature every year because it highlights the amazing scope of the advanced ceramic and related industries.