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Technical Ceramics Market Worth USD 8.49 billion by 2021 - Increasing Demand for Technical Ceramics in Medical End-Use Industry - Research and Markets

[July 28, 2016]

Technical Ceramics Market Worth USD 8.49 billion by 2021 - Increasing Demand for Technical Ceramics in Medical End-Use Industry - Research and Markets

Research and Markets has announced the addition of the "Technical Ceramics Market by Material, Product, End-Use Industry and by Region - Global Forecast to 2021" report to their offering.

The global technical ceramics market size (2016-2021) is estimated to reach USD 8.49 billion by 2021 at a CAGR of 6.43%.

The demand for technical ceramics is increasing due to its increased usage in the manufacturing of medical devices and implants that are used for bone and tooth replacements. With the growing electronics & semiconductor industry, the increased demand for high temperature stability, low thermal expansion, and robust products drives the market for technical ceramics.

In 2015, Asia-Pacific is estimated to account for the largest market share, in terms of value as well as volume, and is estimated to remain the market leader during the forecast period. High industrial growth resulted in an increased demand for technical ceramics in different applcations such as in the electronics & semiconductor and medical industries.

This growth is further supported by the growing military & defense industry in Asia-Pacific due to the increased governmental investments in the defense sector. China accounted for the largest market share in this region due to the increased demand for military & defense equipment over the last 2-3 years. Other emerging economies, such as India and Brazil, are the markets which are projected to grow rapidly.

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