Global Ceramic Tube Market, which accrued earnings worth 1.296 (USD Billion) by 2026, is projected to record the CAGR of nearly 8% over the period from 2020 to 2026.
New York, United States - October 29, 2020 /MarketersMedia/ —
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.
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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.
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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