Monolithic ceramics market to witness significant gains from the electrical & electronics application
Monolithic ceramics market to witness significant gains from the electrical & electronics application
(EMAILWIRE.COM, August 13, 2018 ) Driven by the technological innovations leading to a resurgence of the medical sector, monolithic ceramics market has emerged as a lucrative business gaining a chunk of its revenue from this fraternity. The medical application is one of the major application segments of monolithic ceramics market, expected to generate a share of USD 4.5 billion by 2024.
Furthermore, recovery of industries including electronics, automotive, and machinery in several countries is expected to uplift monolithic ceramics industry trends. Also, propelling demand for advanced ceramics from the consumer electronics sector, especially in the emerging markets of Asia Pacific is positively depicting an upward growth trajectory for this market. Considering the diversified application forum of monolithic ceramics market, analysts claim it to record y-o-y growth of 7% over the period of 2017-2024.
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Monolithic ceramics, also known as advanced ceramics or industrial ceramics are reinforced ceramic compounds, which possess excellent magnetic, thermal, electrical, and optical properties. These ceramics are thus used in broad range of applications to enhance the reliability, lifespan of the material and withstand high temperature. Owing to these properties, monolithic ceramics have emerged as an effective alternative to steel and high-performance plastics in various industries.
Automotive and aerospace
Subject to its desirable mechanical, chemical, and physical properties, the usage of monolithic ceramics in the automotive industry has increased considerably. As per the estimates, automotive sector is foreseen to cover one tenth of the overall monolithic ceramics industry share by 2024.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1996
Power generation
High thermal strength and resistance to corrosion of monolithic ceramics have significantly increased the product demand in manufacturing of gas turbine components and high temperature heat exchangers within the power generation application. In 2016, monolithic ceramics industry generated over USD 2.5 billion from the power generation application and is likely to grow at significant pace over the coming seven years.
Electrical & electronics
Reportedly, the electrical and electronics sector led the application landscape of monolithic ceramics market in 2016 and is expected to maintain an annual growth rate of 7.5% over 2017-2024. Owing to its unique physical and mechanical properties, monolithic ceramics are widely used in semiconductors. Rising global demand for electronic devices such as mobile phones and laptops has been testified as an instrumental factor propelling monolithic ceramics market growth over the coming years.
Furthermore, recovery of industries including electronics, automotive, and machinery in several countries is expected to uplift monolithic ceramics industry trends. Also, propelling demand for advanced ceramics from the consumer electronics sector, especially in the emerging markets of Asia Pacific is positively depicting an upward growth trajectory for this market. Considering the diversified application forum of monolithic ceramics market, analysts claim it to record y-o-y growth of 7% over the period of 2017-2024.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1996
Monolithic ceramics, also known as advanced ceramics or industrial ceramics are reinforced ceramic compounds, which possess excellent magnetic, thermal, electrical, and optical properties. These ceramics are thus used in broad range of applications to enhance the reliability, lifespan of the material and withstand high temperature. Owing to these properties, monolithic ceramics have emerged as an effective alternative to steel and high-performance plastics in various industries.
Automotive and aerospace
Subject to its desirable mechanical, chemical, and physical properties, the usage of monolithic ceramics in the automotive industry has increased considerably. As per the estimates, automotive sector is foreseen to cover one tenth of the overall monolithic ceramics industry share by 2024.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1996
Power generation
High thermal strength and resistance to corrosion of monolithic ceramics have significantly increased the product demand in manufacturing of gas turbine components and high temperature heat exchangers within the power generation application. In 2016, monolithic ceramics industry generated over USD 2.5 billion from the power generation application and is likely to grow at significant pace over the coming seven years.
Electrical & electronics
Reportedly, the electrical and electronics sector led the application landscape of monolithic ceramics market in 2016 and is expected to maintain an annual growth rate of 7.5% over 2017-2024. Owing to its unique physical and mechanical properties, monolithic ceramics are widely used in semiconductors. Rising global demand for electronic devices such as mobile phones and laptops has been testified as an instrumental factor propelling monolithic ceramics market growth over the coming years.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results