Global Ceramic Tube Market To Grow Strongly And Reach USD 1.296 Billion By 2026

06-Jul-2020 | Zion Market Research

As per Zion Market Research, the global ceramic tube market is predicted to develop at an 8% CAGR over 2020-2026 and cross a value of almost USD 1.296 billion by 2026. The development will be majorly powered by an elevation in the requirement for power equipment such as capacitors and vacuum interrupters.

The market is led by a few prominent companies such as Morgan Advanced Materials, Kyocera Corporation, CoorsTek, Inc., CeramTec GmbH, and Carborundum Universal, Ltd.

The Alumina Ceramic Tube Section By Material Type Dominated The Ceramic Tube Market

Based on material type, the ceramic tube market is divided into zirconia, alumina, and others, which composes aluminum titanate, silicates, silicon carbide, aluminum nitride, and boron nitride. The alumina ceramic tube section by material type dominated the ceramic tube market and is employed in thermal and electrical insulation cases such as vacuum interrupters, thermocouples, capacitors, and spark plugs. The alumina tube section is also the quickest developing segment owing to the moderately high durability and low price of the tubes. The market, based on material type, has also been divided into non-metallized and metallized.

The Rising Requirement For Power Distribution & Transmission Equipment To Power The Electronic & Electrical Category Of The Global Market

Based on application, the global ceramic tube market is divided into medical & healthcare, electronic & electrical, and other, which comprises spark plugs. Electronic & electrical applications comprise power grid tubes, vacuum interrupters, capacitors, and insulators. The increasing requirement for renewable power and the rising requirement for power distribution & transmission equipment are the factors powering the electronic & electrical category of the global market.

The Global Market In Asia Pacific Is The Biggest By Size And Is Predicted To Develop At The Max Pace

The global market in Asia Pacific is the biggest by size and is predicted to develop at the max pace owing to rapid requirement for power distribution and transmission equipment in China. Elevated spending in the manufacturing industry paired with power creation infrastructure in India, China, and other fast-developing emerging nations in the area has led to an elevation in the requirement for capacitors, vacuum interrupters, and insulators, thereby powering the growth of the global ceramic tube market in the area. Elevated spending in the production of automotive components such as spark plugs in Japan, China, and India are further predicted to power the ceramic tube market.

Browse the full “Ceramic Tube Market - by Application (Medical & Healthcare and Electronics & Electrical), By Material Type (Zirconia and Alumina), and By Region (North America, South America, Asia-Pacific, Middle East and Africa, and Europe) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/ceramic-tube-market

The global ceramic tube market is segmented as follows:

By Material Type

  • Alumina
  • Zirconia
  • Others

By Application

  • Electronics and Electrical
  • Medical and Healthcare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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