Advanced and Nanoscale Ceramics' Global Market Value to Reach $12.1 Billion in 2018

iAbrasive presently notices a new report revealing that the global market value for advanced and nanoscale ceramic powders is expected to grow to $12.1 billion in 2018 at a five-year compound annual growth rate (CAGR) of 6.2%. The nanoceramic category grows the fastest at a significant CAGR of 13.5%.

Advanced ceramic and nanoceramic powders, including oxides, carbides, nitrides, and borides, are sold as starting materials for solid commercial articles. They enable technology critical to a wide range of applications, which involve electronic devices and systems, high temperature applications, and applications such as abrasives, cutting tools, and guide fixtures.

The advanced ceramics category, the largest segment in the overall market, is expected to grow to nearly $10 billion by 2018 and register a CAGR of 5%. However, the nanoceramic segment, which was valued at just about $958 million in 2012, is expected to jump to $2.1 billion in 2018.

It is said that this report is intended for companies that are interested in the current and future developments of the field of advanced ceramics and nanoceramic powders, and also anyone interested in the thermoplastics market, including manufacturers, resin producers, marketers, and end users, especially those in the packaged foods market.