Porous Ceramics Market Size to Reach $12.4 Billion by 2025 | CAGR: 11.4%: Grand View Research, Inc.

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Jan 22, 2020, 04:05 ET

SAN FRANCISCO, Jan. 22, 2020 /PRNewswire/ -- 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.

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.

Key suggestions from the report:

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.

Read 176 page research report with ToC on "Porous Ceramic Market Size, Share & Trends Analysis Report By Raw Material, By Application (Automotive, Medical, Energy & Power, Aerospace & Defense, Electronics & Semiconductors), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/porous-ceramic-market

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.

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.

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, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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