In the recent years, the chemical industry has seen significant changes. It went through a period of technological disruption, which brought with it new opportunities and challenges. Chemical processing innovation has exploded, assisting businesses in improving their bottom lines. The new Isobutyraldehyde market research report outlines the key factors that will impact production, supply, and...
Ceramics have been a popular material option for the production of items such as dishes, glasses, bricks, and more for thousands of years. However, with innovations in the field in recent times, the sales of the ceramics are expected to grow at a strong CAGR of ~ 6 per cent through the forecast period till 2029.
The rapid growth of adoption of ceramics is expected result in an approximate revenue of around USD 100 billion this year, while the revenue accrued till 2029 is projected to go up to USD 135 billion. This substantial growth of the industry is being largely attributed to the wide range of end use industries, including fields such as construction, aviation, electrical and electronics, medical, automotive, and glass production among others.
Tech Innovations in Ceramic Applications Drive Industry Development
The ceramics industry has gone through a ton of innovations in recent times, which are primarily involved in changes made to the manufacturing processes, with the aim of improving aesthetics and physical properties, without increasing costs.
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Some of the technologies that have gained traction in the industry include multi-screen technology, nano digital printing, roto drum technology, and nanopix technology among others. Many of these technologies are designed to be applicable in the construction industry, with the objective of bolstering decorative options for the buildings. This includes changing the appearance and texture of ceramic tiles to mimic wood, stone, metal, or glass for interior and exterior use.
This trend is rising with the increased investments in research and development activities, which are boosting the scope of application for advanced ceramics, with improvements to factors such as fracture toughness for structural applications. These innovations with new age ceramics are resulting in massive improvements to strength and robustness.
New technologies which are largely aimed to improve advanced ceramics include developments such as the use of additional duct binders, and fiber reinforcement, which is increasing the use in applications of electronics, transport, wear, environment, and energy.
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Further, manufacturers are also leveraging technology in improve resistance to dirt and bacteria, increase shelf life, and increasing material strength.
Semiconductor Producers Push to Adopt Ceramic Components
Advanced ceramics have become a very essential part of changes to the electronics industry on the basis of their high performance properties, especially when it comes to semiconductors. Ceramics are used in the semiconductor manufacturing industry including back end packaging and processing of silicon wafers.
Ceramic components have also become mainstream in a number of new age electronics products and other devices that make use of semiconductors. Ceramics are also used as packaging materials or substrates for semiconductors, owing to superior protective and reliability characteristics.
The growth of the global ceramics market can also be largely attributed to the widespread and easy availability of relevant raw materials such as clay and silica. In addition, ceramic tiles can also be easily recycled, which drives up the use of materials, particularly for the international construction industry.
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