DUBLIN--(BUSINESS WIRE )--The "Global Porous Ceramic Market Size, Share & Trends Analysis Report by Raw Material (Alumina, Titanate), Product (Filtration, Insulation), Application (Medical, Automotive), Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global porous ceramic market size is expected to reach USD 13.24 billion by 2028, according to the report. It is expected to expand at a CAGR of 10.4% from 2021 to 2028.
The increasing demand for medical equipment in the healthcare sector coupled with the rising need for filtration products is expected to stimulate market growth over the forecast period.
Porous ceramics, as the name implies, have minute holes or pores in their structure owing to which they are light in weight and have low heat capacities. These are used as filtration and insulation products and in high purity materials and structural components as well. Their superior properties have augmented their penetration in various industries including semiconductors, electronics, medical, and automotive.
Filtration is required for several residential and industrial purposes, including heating, ventilation, coffee machines, and air conditioning systems. Porous ceramic filtration products are used for the cleaning of process liquids and the separation of materials in the chemical, pharmaceutical, and food industries. In addition, the products are used in gas separation membranes owing to their properties, such as high-pressure resistance, good permeability, durability, and reliability.
Rising demand has encouraged manufacturers to introduce new products. For instance, in August 2021, CeramTec introduced porous ceramic membranes for cross-flow membrane filtration. These multi-channel tubes are made from alumina for being used in nano, ultra, and microfiltration in various industries including pharmaceuticals and biotechnology.
Increasing investments in the semiconductor industry of Southeast Asia are expected to drive the market growth in Asia Pacific. Superior properties of porous ceramics are propelling their demand in semiconductor wafer handling. In August 2021, Fuji Electric announced to invest an extra JPY 40 billion (~USD 365 million) for expanding the production of power semiconductors in Malaysia. Such investments are anticipated to prove fruitful for market growth.
The market is highly competitive owing to the presence of numerous established players. The key players are expanding their presence to cater to a wider customer base. For instance, in April 2021, CoorsTek, Inc. announced an additional expansion of its manufacturing footprint in Benton, Arkansas, U.S., which is a step in the company's long-term strategy for supporting innovation in the aerospace & defense sector.
Porous Ceramic Market Report Highlights
Chapter 3. Porous Ceramic Market Variables, Trends, and Scope
3.2. Penetration & Growth Prospect Mapping
3.6. Porous Ceramic Industry Analysis - Porter's Five Forces
3.7. Porous Ceramic Industry Analysis - PESTEL Analysis
Chapter 4. Porous Ceramic Market: Raw Material Outlook Estimates & Forecasts
Chapter 5. Porous Ceramic Market: Product Outlook Estimates & Forecasts
Chapter 6. Porous Ceramic Market: Application Outlook Estimates & Forecasts
Chapter 7. Porous Ceramic Market Regional Outlook Estimates & Forecasts
8.1. Recent Development & Impact Analysis, By Key Market Participants
8.2. Major Deals & Strategic Alliances
8.3. Company Categorization (Key Innovators, Market Leaders, Emerging Players)
8.4.2. List of key manufacturers & suppliers
8.4.4. SWOT analysis for key public companies
For more information about this report visit https://www.researchandmarkets.com/r/uq0xut
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900