Global Nanoceramics Powder Market: Overview
Nanoceramics are the ceramic materials composed of particles sized 100 nanometers or less in diameter. Owing to their nano-size, nanoceramics have properties highly distinguished from traditional ceramics. Nanoceramics represent a product of the extensive research and development efforts witnessed in the global ceramics market of late and are receiving increased attention owing to their more advanced properties compared to traditional ceramics. Over the past decade, the nanoceramics sector has witnessed growth and advancement at a rapid pace and the applications of nanoceramics are rising at a rapid pace.
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The nano size of the nano particle powders imparts nanoceramics greater surface area for contact with substances coming in contact with the particles, resulting in increased reactivity with the target reactant. This feature can be highly useful in applications that require a high rate of reaction. Owing to the vast research and development activities and a continuously rising set of applications, the global nanoceramics powder market is expected to exhibit growth at a healthy pace over the period between 2016 and 2024.
Global Nanoceramics Powder Market: Scope of the Report
This report on the global nanoceramic powder market analyzes the market’s present state and forecasts its growth prospects over the period between 2016 and 2024. By presenting a detailed segmentation on the basis of criteria such as application area and geography, the report presents an overview of the potential growth opportunities for these segments across key regional markets.
For the report, 2015 is considered the base year. All the projections in the report are presented for the period between 2016 and 2024. The report also includes vast qualitative and quantitative detailed for all the key segments at global, regional and country levels for the said period. A detailed competitive analysis of some of the most influential players operating in the global nanoceramic powder market is also presented in the report. The report also includes an analytical overview of key factors expected to have a notable impact on the overall development of the market over the forecast period, including drivers, restraints, trends, and opportunities.
Global Nanoceramics Powder Market: Trends and Opportunities
Although the nanoceramics market is in nascent stage of development, it has shown tremendous promise over the past few years. The market is expected to witness sizeable traction in the next few years owing to its potential applications in the global electronics industry. Owing to the inherent conducting and insulating properties of nanoceramic materials, nanoceramic powders are finding extensive usage in the construction of new generation high speed computer chips. Apart from the electronics industry, nanoceramic powders are also being increasingly used in the medical industry to manufacture artificial bone implants.
Their excellent conducting properties allow nanoceramic powders usage in the power generation sector as well. However the application is presently limited and is expected to witness significant rise in research in the near future. Nanoceramic powders are also being used in the manufacture of consumer goods, weapons, and a variety of products for use in the construction industry. The applications of nanoceramic powders in the production of photovoltaic (PV) solar cells also hold huge promise and are expected to be one of the key drivers of the market over the report’s forecast period.
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From a geographical perspective, the North America nanoceramic powders market is presently the dominant regional market as most of research and development work in this area has been undertaken in the U.S. Europe is also one of the leading markets for nanoceramic powder owing to the rising demand across various industries. The Asia Pacific nanoceramic powders market is in a nascent stage and features limited applicability of nanoceramic powders.
Some of the leading vendors operating in the global nanoceramic market are Innovnano, Synkera Technologies, Inc. and Nitto Denko Corporation.