Ceramic Core Market Expected to Grow Strong through 2026
April 04, 2022
Apr 04, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ceramic Core Market.
It was estimated prior to this unanticipated outbreak that the Ceramic Core Market is likely to witness a modest CAGR of 3.8% during the forecast period. The prime factors contributing to the demand for ceramic cores is mainly the growing demand for aero engine turbine blades and the ability of ceramic core to fabricate complex geometry of turbine blades.
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Ceramic Cores are sacrificial ceramic structures largely used for making cavities that are too small or complex to be machined within investing casting procedures. Ceramic Cores are of different types, such as Zircon, Silica, and Alumina, that are used in various end-use industries, such as aerospace, industrial gas turbine, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Segment Analysis
Based on the material type, the market is segmented as zircon, silica, and alumina. The silica segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period due to its performance benefits, such as high strength and heat resistance.
Based on the end-use industry type, the ceramic core market is segmented as aerospace, industrial gas turbine, and others. The aerospace industry segment dominates the market. Further, the growing usage in engine blade investment casting are propelling the growth during the forecast period.
In terms of regions, North America is estimated to be the largest as well as fastest-growing ceramic core market during the forecast period, with the USA, Mexico, and Canada being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as aerospace, industrial gas turbine, and others, which is generating huge demand for ceramic cores. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key Players:
Key players operating in the global Ceramic Core market are-
- Arconic Engines
- Avignon Ceramics SAS
- PCC Airfoils, LLC
- CoorsTek Inc.
- CeramTec (Dai Ceramics)
- Morgan Advanced Materials
- GF Precicast SA
- Noritake Co. Ltd
- Lanik SRO
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Ceramic Core analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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