Global Non-oxide Ceramics Market Insights, Forecast to 2026

Zinc oxide is an inorganic chemical compound that is in demand because it is used in the electronics and semiconductors.

Estimating the market size and forecasting the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (R), and strategic alliances.Increasing demand for the product in semiconductor and electronics is advancing the growth of the global zinc oxide market.Segmental AnalysisThe zinc oxide market is segmented on the basis of application, end user, process, and region.The application-based segmentation segments this market into animal feed & nutrition, ceramics, cosmetic ingredients, fertilizers, food additives, light emitting diodes, lubricants, metal processing, paints & coatings, pharmaceuticals products, rubber, and others.

Indirect segment held the largest market share of 36.21% in 2017, and its market value was US $ 1,263.2 mn.

During the forecast period, possibly, it may grow at a 5.40% CAGR.

The crucial country-specific markets in this region are Australia & New Zealand, Brunei, China, Cambodia, India, Indonesia, Japan, Laos, Malaysia, Myanmar (Burma), Philippines, Singapore, South Korea, Thailand, and Vietnam, followed by the remaining countries of the Asia Pacific region.In the MEA region, the market is small.

It is slowly growing due to limited technology, limited production, lack of awareness, lack of education, and political instability.

The global technical ceramics market was valued at US$ 84.33 Bn in 2018 and is anticipated to expand at a CAGR of 6.68% from 2019 to 2027, according to a new research report titled ‘Technical Ceramics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ published by Transparency Market Research (TMR) The global technical ceramics market is driven by the rise in demand for technical ceramics in medical and electronics sectors across the globe.

The global electrical & electronics equipment industry was valued at more than US$ 2.8 Trn in 2017.

The electronics industry is strongly dependent on macroeconomic developments and government activities.

High Cost of Machining of Technical Ceramics Hampering MarketTechnical ceramics require machining to obtain a specific shape and size of a component before its usage in end-use industries.

The oxide ceramics segment comprises alumina ceramics, titanium ceramics, zirconium ceramics, and others (including magnesium oxide and sintered fused silica), while the non-oxide ceramics segment consists of alumina nitride, silica nitride, silica carbide, and others (including boron carbide and silicon aluminum oxynitride).

The segment is likely to remain highly lucrative during the forecast period, due to the rise in demand in the automotive industry, as ceramic matrix composites overcome the major demerits of monolithic ceramics such as brittle failure, low fracture toughness, and thermal shock resistance.Electrical & Electronics Segment to Lead MarketBased on end-use industry, the global technical ceramics market has been segregated into electrical & electronics, medical, automotive, energy & power, and others (including chemical products and consumer products).