The latest report by IMARC Group, titled “Nanoceramic Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global nanoceramic powder market size reached US$ 7.46 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.9 Billion by 2028, exhibiting a growth rate (CAGR) of 17.3% during 2023-2028.
Nanoceramics are ceramic particles with diameters less than 100 nm, produced from ultra-fine constituents. They offer a greater surface area for interaction with substances that come into contact with the particles due to the diminutive size of nanoparticle powders, leading to amplified reactivity. They are created via the sol-gel method, a variant of chemical solution deposition that blends nanoparticles within a solution and gel to forge nanoceramics. They exhibit remarkable robustness and substantial resilience to compression and bending. The nano scale of nanoceramics renders them uniquely different from conventional ceramics in respect to their chemical, physical, mechanical, and magnetic properties. They possess enhanced dielectricity, ferroelectricity, piezoelectricity, pyroelectricity, ferromagnetism, magnetoresistance, and superconductivity depending on the type of product and size of raw materials. They display high mechanical resilience, comparable to steel, enabling them to endure high temperatures and compression and bending forces. At present, nanoceramics are gaining immense traction across the globe as their application makes computing and electronics faster, smaller, and more portable, thereby facilitating the management and storage of larger volumes of data in smaller systems.
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Nanoceramic Powder Market Trends and Drivers:
The global nanoceramic powder market is primarily driven by the rising application of nanoceramics in the fabrication of next-gen semiconductor chips and the rapid growth in the electrical and electronics sector. Moreover, the increasing use of nanoceramics as a sealant coating material in photovoltaic (PV) cells has accelerated the product adoption in the solar energy industry. Apart from this, the shifting consumer preferences toward renewable energy resources, such as solar power for electricity generation, has catalyzed the market growth. Additionally, numerous technological advancements in artificial bone grafts and various medical equipment are positively influencing the market growth. Besides this, the surging demand for energy-efficient ultra-high-definition screens and TVs equipped with quantum dots for enhanced color vibrancy is another major growth-inducing factor. Furthermore, the escalating demand for high-performance ceramic coating in the construction sector is contributing to the market growth. In addition, the increasing use of nanoceramics powder in high-grade military equipment and parts of military aircraft, engines, and fighter jets, has augmented the product demand. Along with this, the surging adoption of the utility of nanoceramic powder as an excipient for pharmaceutical medications is propelling the market growth. Other factors, including a surge in research and development (R&D) initiatives by key players, rising need for beverage clarifiers in the food and beverage (F&B) industry, increasing product utilization in photovoltaic (PV) cells, and rapid digitization, are also anticipated to drive the market toward growth in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights
- Oxide Powders
- Carbide Powders
- Nitride Powders
- Boron Powders
- Others
End Use Industry Insights
- Electrical and Electronics
- Industrial
- Transportation
- Medical
- Chemical
- Defense
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- ABM Nano LLC
- Cerion LLC
- Inframat Advanced Materials LLC (Inframat Corporation)
- Nanophase Technologies Corporation
- NYACOL Nano Technologies Inc.
- Reade International Corp.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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