A new report suggests that demand for advanced ceramics in the United States is forecast to increase 7.4 percent per year to over $11 billion in 2008.
Following several years of reduced demand, the industry began to pick up momentum in 2003 and is now poised to record strong growth, with nearly all market sectors gaining from the release of pent-up demand. New or reinvigorated uses for ceramics that offer considerable growth potential include ballistic armor and ceramic composite automotive brakes, among with other applications identified in the report.
These and other trends are presented in Advanced Ceramics, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.
THe report also states that industrial markets for advanced ceramics will post strong gains, reflecting a renewed emphasis on capital equipment expenditures. In addition, those market sectors which weathered the recessionary storm reasonably well – principally medical and environmental products – will continue to post healthy gains.
Monolithic ceramics (unreinforced ceramics cast directly into final form) represent the dominant and best established segment of the industry . However, other product forms, specifically ceramic coatings and ceramic matrix composites, offer capabilities which monolithic ceramics generally cannot match. As a result, coatings and composites are growing faster than monolithic materials, although they are not suitable for every application and thus only compete in certain markets.
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