Technical Ceramics Market Size is Expected to value at USD 134.58 billion by 2024
The global technical ceramics market size is expected to value at USD 134.58 billion by 2024, during the forecast period. The market is subject to witness a substantial growth due to cost-effectiveness associated with the use of advanced ceramics products and longer life cycle, and growing competition in the market. Growing demand of the advanced ceramics or technical ceramics in the automotive sector is one of the key factor propelling the market growth in recent years. The adoption of the technical ceramics mainly in the developing countries along with expansion of the automobile industry in the region owing to the recent economic growth are spiraling the market demand for the technical ceramics industry over the forecast period. The adoption of the technical ceramics as an alternative to the plastics and metals in automotive and healthcare market segment is attributing to the advancement of the market. Globally, the market is predicted to grow at high CAGR in forecast period, p...