Nanoceramic Powder Market Size, Share, Opportunities, And Trends By Type (Carbide Powders, Nitride Powders, Boron Powders, Oxide Powders, Others), By End-Use Industry (Medical, Chemicals, Electronics, Transportation, Industrial, Defense, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Jan 2024
- Report Code : KSI061615236
- Pages : 134
The nanoceramic powder market is estimated to grow at a CAGR of 9.05% during the forecast period.
Nanoceramic powder refers to a type of fine ceramic powder that has been engineered on a nanoscale level. It comprises extremely small particles, typically less than 100 nanometers in size, to provide the nanoceramic powder-enhanced properties and characteristics that distinguish it from traditional ceramic materials. Nanoceramic powder is consumed across a wide range of companies operating in the electronics, aerospace, defense, chemical, transportation, biomedical, and other industrial sectors due to its compact size and high surface area, increasing its applications in different fields such as coatings, catalysts, and electronic devices. In addition, the enhanced mechanical properties of nanoceramic powder, such as increased strength and toughness, are expected to drive the demand for the nanoceramic powder to enhance the performance of certain newly developed products and materials in its end-user industries. The rising demand for energy storage solutions driven by the increasing prevalence of renewable energy sources such as wind and solar energy is expected to drive the demand for the nanoceramic powder market over the forecast period as nanoceramic powder has the potential to improve the performance and efficiency of batteries and other energy storage devices.
Market Drivers:
- Development of new flexible and stretchable electronics
The increasing advancement in flexible and stretchable electronics is expected to increase the consumption of nanoceramic powder since it is incorporated into flexible and stretchable substrates to create conductive and durable materials. The adoption of nanoceramic powder aids in creating stretchable electronics that contain conductive materials with the ability to withstand repeated stretching and bending without losing their electrical properties by creating conductive inks and coatings that can be printed or deposited onto stretchable and flexible substrates by improving the adhesion and conductivity of these materials. Therefore, the production of flexible electronics such as foldable phones and further research into the development of new stretchable displays in the consumer electronics sector is stimulating the demand for nanoceramic powder. For instance, the pre-orders for the foldable phone series of Galaxy Z Fold3 and Flip3 smartphones by Samsung totaled 920,000 units in 2021. In addition, LG Display introduced a stretchable display screen of 12-inch length with the ability to stretch up to 20% to reach a length of 14 inches and an improved ability to withstand external shock stimuli in November 2022.
- Expansion of the aerospace industry
The aerospace industry uses nanoceramic powder coatings to protect components from harsh environments and to improve their performance. For example, nanoceramic powder coatings can be applied to turbine blades to improve their resistance to high temperatures and corrosive gases. Therefore, the expansion of the production activities by the aerospace industry is leading to increased consumption of nanoceramic powder in coatings to enhance corrosion resistance, durability, chemical resistance, adhesion, and optical properties of surfaces and components. Airbus, an aerospace company in the US, reported that its commercial aircraft delivery to consumers increased by 8% from 2020 to 2021. In addition, Boeing, a leading aircraft manufacturer in the US, accounted that its commercial aircraft inventory containing 4,100 items was valued at approximately US$290 billion in 2022. The Aerospace Industries Association revealed in its report that the aerospace and defense industry in the US generated sales increased by 2.1% from 2020 to reach US$892 billion in 2021. Hence, the expansion of the aerospace industry is expected to drive the demand for nanoceramic powder.
The health concerns and lack of standardization associated with nanoceramic powder are some of the major challenges.
The small size of nanoceramic particles is potentially hazardous if inhaled or ingested, which creates health and safety concerns for workers handling the material, and the requirement of establishing additional safety measures by regulatory bodies. However, the nanoceramic powder market is relatively new, which has led to a lack of standardization in terms of particle size, composition, other properties, and safety measures by regulatory authorities creating difficulties and complexities for companies to compare and evaluate different nanoceramic powders and adopt a set of established safety policies, resulting in limited adoption.
Product Offerings:
- Nanoceramic powder by ANR Technologies Pte Ltd. - ANR Technologies Pte Ltd. is a Singaporean company producing lab equipment, battery materials, and other specialty materials that produce a nanoceramic powder product range consisting of 5 products including ZrC, TiC, SiC, TiN, and Si3N4 nanoceramic powders to be used in magnetic recording, microelectronics, optical, and other applications.
- Zirconium Carbide Powder by American Elements – American Elements is a US company manufacturing different specialty materials, including Zirconium Carbide Powder, a nanoceramic powder product range containing five products with varying zirconium carbide composition to be used in carbides, the aerospace sector, and refractory ceramics.
By end-user industry, the medical sector is expected to witness steady growth.
The increasing adoption of nanoceramic powder in biomedical applications for implant coatings, diagnostic imaging, tissue engineering, biosensors, drug delivery, and wearable electronics is expected to increase the market share of the medical sector in the nanoceramic powder market. Nanoceramic powders are being used in tissue engineering to create scaffolds that mimic the structure and properties of natural tissues to support the growth of cells and promote tissue regeneration. In addition, they are used as contrast agents in diagnostic imaging techniques such as magnetic resonance imaging (MRI) and computed tomography (CT) scans to improve the accuracy and sensitivity of these techniques.
Asia Pacific region holds a major share of the nanoceramic powder market and is expected to grow robustly during the forecast period.
The presence of established electronics companies such as Samsung, LG, Huawei, and Xiaomi in the region, which are increasing their research and development expenditure to innovate stretchable displays and flexible electronics, is expected to drive the nanoceramic powder market in the region. In addition, nanoceramic powders are used in other electronic devices, such as capacitors and sensors, due to their high dielectric constant and ability to conduct electricity.
Nanoceramic Powder Market Scope:
Report Metric | Details |
Growth Rate | CAGR of 9.05% from 2021 to 2028 |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Type, End-Use Industry, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Rasatech, ABM Advanced Ball Mill Inc., ANR Technologies Pte Ltd, PlasmaChem GmbH, Stanford Advanced Materials, American Elements, Chengdu Organic Chemicals Co. Ltd. |
Customization Scope | Free report customization with purchase |
Market Segmentation:
- By Type
- Carbide Powders
- Nitride Powders
- Boron Powders
- Oxide Powders
- Others
- By End-Use Industry
- Medical
- Chemicals
- Electronics
- Transportation
- Industrial
- Defense
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Thailand
- Taiwan
- Others
- North America
Frequently Asked Questions (FAQs)
The global nanoceramic powder market is estimated to grow at a CAGR of 9.05% during the forecast period.
Prominent key market players in the nanoceramic powder market include Rasatech, ABM Advanced Ball Mill Inc., ANR Technologies Pte Ltd, and Bharat Heavy Electrical Ltd., among others.
The nanoceramic powder market has been segmented by type, end-use industry, and geography.
The rising demand for energy storage solutions driven by the increasing prevalence of renewable energy sources such as wind and solar energy is expected to drive the nanoceramic powder market growth.
Asia Pacific region holds a prominent share of the nanoceramic powder market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. NANOCERAMIC POWDER MARKET BY TYPE
5.1. Introduction
5.2. Carbide Powders
5.3. Nitride Powders
5.4. Boron Powders
5.5. Oxide Powders
5.6. Others
6. NANOCERAMIC POWDER MARKET BY END-USE INDUSTRY
6.1. Introduction
6.2. Medical
6.3. Chemicals
6.4. Electronics
6.5. Transportation
6.6. Industrial
6.7. Defense
6.8. Others
7. NANOCERAMIC POWDER MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. United Kingdom
7.4.4. Spain
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Israel
7.5.4. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. Japan
7.6.3. India
7.6.4. South Korea
7.6.5. Indonesia
7.6.6. Thailand
7.6.7. Taiwan
7.6.8. Others
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Rasatech
9.2. ABM Advanced Ball Mill Inc.
9.3. ANR Technologies Pte Ltd
9.4. PlasmaChem GmbH
9.5. Stanford Advanced Materials
9.6. American Elements
9.7. Chengdu Organic Chemicals Co. Ltd.
Rasatech
ABM Advanced Ball Mill Inc.
ANR Technologies Pte Ltd
Stanford Advanced Materials
American Elements
Chengdu Organic Chemicals Co. Ltd.
Related Reports
Report Name | Published Month | Download Sample |
---|---|---|
Bioceramics Market Insights: Size, Share, Growth, Forecast 2030 | Nov 2024 | |
Advanced Ceramics Market Insights: Share, Growth, Forecast 2030 | Nov 2024 | |
Transparent Ceramics Market Share & Trends: Report, 2024-2029 | Aug 2024 | |
Asia Pacific Advanced Ceramics Market Size: Report, Forecast 2030 | Nov 2024 | |
Europe Advanced Ceramics Market Share: Industry Report, 2022-2027 | Mar 2020 |