The Porous Ceramics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Porous Ceramics Global Market Report 2024, The porous ceramics market size has grown rapidly in recent years. It will grow from $8.01 billion in 2023 to $8.97 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to demand in filtration and separation applications, growth in the oil and gas industry, expansion of ceramics in aerospace and defense, use in high-temperature and corrosive environments, regulatory standards for air and water quality.
The porous ceramics market size is expected to see rapid growth in the next few years. It will grow to $13.95 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to sustainable and eco-friendly porous ceramic materials, customized ceramics for specific filtration needs, growth in renewable energy and fuel cell applications, expansion of ceramics in the automotive sector, increased use in 5g infrastructure and sensors.. Major trends in the forecast period include nanoporous ceramics for advanced filtration, regulatory compliance in ceramic material safety, 3d printing and additive manufacturing in ceramics, personalized ceramics for precision medicine, transparent and optically functional ceramics.
The increasing demand for medical equipment will propel the growth of the porous ceramic equipment market. Medical equipment refers to the devices used for different medical purposes. Porous ceramics are used in medical devices for total hip replacement, dental implants and restorations, bone fillers, and scaffolds for tissue engineering. As a result, increasing demand for medical equipment increases the demand for porous ceramics. For instance, according to the India Brand Equity Foundation (IBEF), an India based government agency, the medical devices industry is expected to reach $50 billion at a CAGR of 37% by 2025, up from $10.36 billion in 2020. Therefore, the increasing demand for medical equipment in the healthcare sector is driving the growth of the porous ceramic market.
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The porous ceramics market covered in this report is segmented –
1) By Product Type: Oxides Ceramics, Non-Oxides Ceramics
2) By Raw Material: Alumina Ceramics, Titanate Ceramics, Zirconate Ceramics, Ferrite Ceramics, Aluminum Nitride, Other Raw Materials
3) By Application: Filtration, Insulation, High Purity Materials, Structural Components, Other Applications
Strategic partnerships have emerged as a key trend gaining popularity in the porous ceramics market. Major companies operating in the porous ceramics sector are looking for partnerships to strengthen their position in the market. For instance, in August 2021, Fortify, a US-based 3D printing startup, partnered with Tethon 3D, a US-based company that provides porous ceramic 3D printed materials. The partnership allows both companies to serve a variety of additive manufacturing applications as well as classified projects with government agencies.
The porous ceramics market report table of contents includes:
1. Executive Summary
2. Porous Ceramics Market Characteristics
3. Porous Ceramics Market Trends And Strategies
4. Porous Ceramics Market – Macro Economic Scenario
5. Global Porous Ceramics Market Size and Growth
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26. South America Porous Ceramics Market
27. Brazil Porous Ceramics Market
28. Middle East Porous Ceramics Market
29. Africa Porous Ceramics Market
30. Porous Ceramics Market Competitive Landscape And Company Profiles
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