The market for nanoceramic powder is expected to grow at a CAGR of more than 17%, in terms of revenue, during the forecast period. The major factors driving the market studied are the extensive usage of nanoceramic powders in the electronics industry and the increasing demand from the medical industry. However, the high processing cost is expected to hinder the market growth.
Key Market Trends
Increasing Demand form Electrical and Electronics Industry
North America Region to Dominate the Market
Competitive Landscape
The global nanoceramics powder market is consolidated, dominated by very few players. The major companies include Nitto Denko Corporation, Innovnano-Materiais Avancados SA, Tosoh Corporation, Nanophase Technologies Corporation, and Nyacol Nano Technologies Inc.
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- Oxide powders segment dominated the market and is expected to grow during the forecast period, owing to the growing popularity of alumina and silica powders.
- Tremendous opportunities in advanced technologies, like space exploration and photovoltaic solar cells, are likely to act as an opportunity for the market studied in the future.
- North America dominated the market across the world, with the United States accounting for the largest consumption of nanoceramic powder.
Key Market Trends
Increasing Demand form Electrical and Electronics Industry
North America Region to Dominate the Market
- With over 50% of the global demand, North America is the most promising market for nanoceramic powder materials, which is likely to dominate the market in the near future. This domination can be attributed to the rising demand from the electronics and medical industries in the region.
- The United States account for over 90% of the demand for nanoceramic powder in this region. The country is also one of the major global markets for nanoceramic powder. Sustained demand for nanoceramics powder is witnessed here, through its robust electronics, aerospace, and defense (A&D) sectors.
- Since the use of nanoceramics powder is important in high-grade military equipment and parts of military aircraft, engines and fighter jets, the market for nanoceramic powder looks promising over the forecast period, in the region.
- Moreover, the US government has planned to reduce greenhouse gas emissions by 26-28% by 2025, and is framing various regulations and laws to achieve the target.
- Global warming and the consequences of the resultant climate changes are forcing the country to make regulations to reduce carbon emissions, thereby resulting in an increased need for infrastructure modification. This target is, in turn, expected to spur the demand for nanoceramic powder coatings for upcoming building structures over the forecast period.
- Overall, with the consistent growth in United States and Canada, the demand for nanoceramics powder is expected to increase at a faster pace in the overall region, in the coming years. The huge growth of North America is quite instrumental in the expansion of the global nanoceramics powder market.
Competitive Landscape
The global nanoceramics powder market is consolidated, dominated by very few players. The major companies include Nitto Denko Corporation, Innovnano-Materiais Avancados SA, Tosoh Corporation, Nanophase Technologies Corporation, and Nyacol Nano Technologies Inc.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cerion Advanced Materials
- Inframat
- Innovnano-Materiais Avancados SA
- Nanophase Technologies Corporation
- Nitto Denko Corporation
- Nyacol Nano Technologies Inc.
- Reade International Corporation
- Tosoh Corporation
Methodology
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