IMARC Group, a leading market research company, has recently released a report titled “Nanoceramic Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”. The study provides a detailed analysis of the industry, including the global nanoceramic powder market forecast, size, share, trends and growth analysis. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the Nanoceramic Powder Market?
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.
What is Nanoceramic Powder?
Nanoceramic powder represents ceramic particles that are less than 100 nm in diameter and fabricated from ultra-fine particles. They can be categorized into various types, such as oxide powders, carbide powders, nitride powders, boron powders, etc. These nanoceramic powder variants have a larger surface area to contact substances encountering the particles that result in improved reactivity. They have enhanced ferroelectricity, di-electricity, piezoelectricity, ferromagnetism, superconductivity, and magnetoresistance. Nanoceramic powder products exhibit high mechanical strength that is almost similar to steel, on account of which they can withstand high temperatures, compression, and bending. The use of these particles can make electronics smaller, faster, and more portable, thereby allowing larger amounts of data to be stored and managed in smaller systems. Consequently, nanoceramic powder materials find extensive applications across several sectors, including defense, transportation, electronics, chemicals, medical, food and beverage (F&B), solar energy, etc.
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What are the growth prospects and trends in the nanoceramic powder industry?
The growing utilization of nanoceramics in the manufacturing of new-generation semiconductor chips and the escalating demand for energy-efficient ultra-high-definition displays and televisions equipped with quantum dots for excellent vibrance are primarily driving the nanoceramic powder market. Additionally, the rising usage of the material in the solar energy industry as impregnation sealant coating material in photovoltaic or PV cells is acting as another significant growth-inducing factor. Besides this, the elevating technological advancements in artificial bone implants and numerous medical equipment and appliances are also positively influencing the global market. Apart from this, the shifting preferences toward high-performance ceramic coating in the construction industry and the expanding awareness regarding the utility of nanoceramics powder as an excipient for pharmaceutical drugs are further propelling the market on the global level. Moreover, the increasing requirement for beverage clarifiers in the f&b industry is expected to propel the nanoceramic powder market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
- Oxide Powders
- Carbide Powders
- Nitride Powders
- Boron Powders
End Use Industry Insights
- Electrical and Electronics
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
Who are the key players operating in the industry?
The report covers the major market players including:
- ABM Nano LLC
- Cerion LLC
- Inframat Advanced Materials LLC (Inframat Corporation)
- Nanophase Technologies Corporation
- NYACOL Nano Technologies Inc.
- Reade International Corp.
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