Ceramic Tube Market worth $993.3 Million by 2022

Posted March 19, 2019 by Dsiddhant

The global ceramic tube market is expected to grow at a CAGR of 7.52%, from 2017 to 2022, to reach a projected USD 993.3 Million by 2022.

According to the new market research report "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", published by MarketsandMarkets™, The ceramic tube market is expected to grow from an estimated USD 691.1 Million in 2017 to USD 993.3 Million by 2022, at a CAGR of 7.52%, from 2017 to 2022. This growth can be attributed to the increased demand for electrical transmission and distribution equipment and the replacement and refurbishment of existing power infrastructure.

The global ceramic tube market, by application, is segmented into electronic and electrical, medical and healthcare, and other, which includes spark plugs. Electronic and electrical applications include vacuum interrupters, power grid tubes, insulators, and capacitors. The growing demand for renewable energy as well the increasing demand for power transmission and distribution equipment is driving the electronic and electrical segment. The medical and healthcare application segment includes ceramic tube used in X-ray tubes for insulation while the others segment includes spark plugs where ceramic tubes are used as insulating envelopes.

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The report further segments the electronic and electrical applications segment into the end-use of vacuum interrupters in various power equipment. The vacuum interrupter segment has been segmented, by end-use, into circuit breakers, contactors, re-closers, load break switches, and tap changers. The market for ceramic tube for vacuum interrupter is mainly driven by the growing demand for power equipment, especially in countries such as China, India, and the U.S. The re-closers and circuit breakers markets are expected to grow at a relatively high CAGR from 2017 to 2022. The stringent environmental norms for SF6 -based circuit breakers is one of the primary factors that are expected to drive the vacuum interrupter-based circuit breakers market, from 2017 to 2022.

Asia-Pacific: the leading market for ceramic tube
In this report, the ceramic tube market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The market in Asia-Pacific is expected to lead the ceramic tube market, by region, due to the growth of the manufacturing sectors in countries such as China, India, South Korea, and Japan. The market in Asia-Pacific is the largest, by size, and is estimated to grow at the highest rate due to rapid demand for power transmission and distribution equipment in China. Increased investments in the manufacturing sector combined with power generation infrastructure in China, India, and other fast-growing emerging economies in the region, such as Indonesia, has led to a surge in the demand for vacuum interrupters, capacitors, and insulators, thus, driving the ceramic tube market in the region. An increased investment in the manufacturing of automotive parts such as spark plugs in China, Japan, and India is further expected to drive the market for ceramic tube.

The major Players of ceramic tube market include Kyocera Corporation (Japan), CeramTec GmbH (Germany), CoorsTek, Inc. (U.S.), Morgan Advanced Materials (U.K.), and Carborundum Universal, Ltd. (India).
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Last Updated March 19, 2019