The global ceramic tube market is projected to grow at a CAGR of 7.52%, from 2017 to 2022. The market in Asia-Pacific is estimated to be the largest ceramic tube market, by region, followed by the European market. This trend is expected to continue during the forecast period. The growth of the ceramic tube market is driven by a rising demand for vacuum interrupters for power equipment such as circuit breakers, contractors, re-closers, and load break switches due to the increase in power generation, transmission, and distribution infrastructure globally.
The ceramic tube market is dominated by global players. The key players operating in this market include Kyocera Corporation (Japan), CeramTec GmbH (Germany), CoorsTek, Inc. (U.S.), Morgan Advanced Materials (U.K.), and Carborundum Universal, Ltd. (India).
Kyocera Corporation (Japan) is a leading player in the ceramic tube market. The company specializes in ceramic products and operates in seven major segments, of which three offer ceramic products, namely, fine ceramics, semiconductor components, and applied ceramic products. The company manufactures ceramic compounds as well as finished products such as ceramic tubes, fine ceramics, and piezo electric ceramics, among others. The company operates mainly in Asia-Pacific but has a worldwide presence across all regions such as North America and Europe through its subsidiaries and a vast network of distributors and channel partners. The company has adopted expansions as a strategy to strengthen its presence in the North American market with a manufacturing plant in Vancouver, Washington (U.S.) to cater the regional market. In June 2017, the company entered into a collaboration with Toshiba Material Co., Ltd. (Japan) to develop and produce nitride ceramic components, including ceramic tubes, to further enhance their market position.
CeramTec GmbH (Germany) is a leading player in the ceramic tube market. The company operates through two business segments, namely, medical applications and industrial applications. The advanced ceramics products, such as ceramic tubes, manufactured by the company cater to various applications such as the automotive industry, medical and healthcare, defense systems, electronics and electrical, and energy. The company has a global presence in the ceramic tube market with major operations in Europe and North America; it also operates in Asia-Pacific and the Middle East & Africa through its subsidiaries and channel partners. The company adopted inorganic growth strategies such as expansions. In February 2017, the company announced the acquisition of the electro-ceramics division of Morgan Advanced Materials (U.K.). Morgan Advanced Materials is a major player in the ceramic tube market. The acquisition further expanded CermTecís reach in the European ceramic tube market.
Ceramic Tube Market by Material Type (Alumina and Zirconia), Application (Electronics and Electrical and Medical and Healthcare), and Region (North America, South America, Asia-Pacific, Middle East and Africa, and Europe) - Global Forecast to 2022
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