Market Research Report
Ceramic Tube Market by Material Type (Alumina and Zirconia), Application (Electronics and Electrical and Medical and Healthcare), and Region (North America, South America, Asia-Pacific, Middle East and Africa, and Europe) - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||537476|
|Published||Content info||160 Pages
|Ceramic Tube Market by Material Type (Alumina and Zirconia), Application (Electronics and Electrical and Medical and Healthcare), and Region (North America, South America, Asia-Pacific, Middle East and Africa, and Europe) - Global Forecast to 2022|
|Published: July 31, 2017||Content info: 160 Pages||
The ceramic tube market is projected to reach USD 993.3 million by 2022, growing at a CAGR of 7.52%, from 2017 to 2022. Ceramic tubes are mainly used as enveloping material in electronic and electrical equipment, such as vacuum interrupters, power grid tubes, capacitors, and thermocouple insulators. Ceramic tubes also find application in X-ray tubes used in X-ray machines and CT scan machines. The growth of the ceramic tube market can be attributed to increased investments in the construction of new electrical transmission and distribution networks in developing countries and maintenance of aging power transmission infrastructure in developed countries. Rising energy costs in ceramic manufacturing act as a restraint for the ceramic tube market along with a lack of reliable supply of raw materials and volatility in the prices of raw materials. Low-cost competitors from emerging markets are the main challenge for the ceramic tube market.
The electronic and electrical segment is estimated to be the fastest growing segment of the ceramic tube market, by application, from 2017 to 2022. Rapid growth in the electronic and electrical manufacturing sector in Asia-Pacific is expected to drive the ceramic tube market. The governments of countries such as India and China are investing heavily in the construction of new power transmission and distribution networks to support their growing manufacturing sectors. This is expected to drive the electronics and electrical application segment during the forecast period.
The market in Asia-Pacific is currently the largest ceramic tube market, followed by the markets in Europe, North America, and the Middle East & Africa. The market in Asia-Pacific is projected to grow at a higher rate, with the Chinese market expected to dominate the regional market. The growth of the manufacturing sectors in countries such as India, China, South Korea, Japan, and Taiwan is expected to fuel the ceramic tube market in Asia-Pacific.
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as assess future market prospects. The distribution of primary interviews is as follows:
Note: The tier of the companies has been defined on the basis of their total revenue; as of 2015: Tier 1 ≥USD 1 billion, Tier 2 = USD 100 million to USD 500 million, and Tier 3 ≤USD 100million.
The key players in the ceramic tube market include: Kyocera Corporation (Japan), CoorsTek, Inc. (U.S.), CeramTec GmbH (Germany), Carborundum Universal, Ltd. (India), Morgan Advanced Materials (U.K.), and NGK Spark Plug Co., Ltd. (Japan).
The report provides a picture of the ceramic tube market and its segments across industries and regions. It aims at estimating the market size and future growth potential of the market across different segments such as material type, application, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.