China Technical Ceramics Market (2022-2028) | Size, Growth, Trends, Revenue, Analysis, Forecast, Outlook & COVID-19 IMPACT

China Technical Ceramics Market report thoroughly covers the Market Forecast by Material Types, Product Types and End Use Industry. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

China Technical Ceramics Market Synopsis

China technical ceramics market is expected to grow moderately over the forecast period, thanks to government initiatives such as $150 billion for domestic semiconductor production by 2030. In 2020, the outbreak of the coronavirus negatively impacted the growth of the Chinese market of technical ceramics hence collapsed due to the national blockade imposed by the government as well as the disruption of the global supply chain which led to the closure of the electrical and semiconductor industry, a major end-user industry. In 2020, the net market capitalization of the electrical and semiconductor industry was $130 in China. The Chinese semiconductor industry is fueled by its 2030 plans to power solar and wind capacity to generate 1,200 GW of energy, to achieve the target, the steep rise in China's investment of about $300 billion in the sector energetic. The increase in investment is an indication of a political shift and is a by-product of China's 2060 net zero carbon emissions target to bring green energy to Chinese megacities, which would boost industries such as the electrical industries. and semiconductor and related industries. There is a positive correlation between the technical ceramics market and the electronics and semiconductor industry, as technical ceramics are used as the main raw material in the electronics and semiconductor industry. Thus, increasing investment in China's electrical and semiconductor industries would have a positive impact on China's technical ceramics market in terms of demand generation during the forecast period.

According to 6Wresearch, China Technical Ceramics Market revenue is projected to grow at a CAGR of 4.3% during 2022-2028. Accredited to a swiftly growing military and defense sector as well as a robust healthcare sector in China boosted by COVID-19, the demand for technical ceramics in China would increase over the projected years. In the healthcare segment, the domestic medical device market grew from around 20% to around 30% in 2010-2020, fueling the growth of the Chinese technical ceramics market. As technical ceramics are an important raw material for manufacturing healthcare equipment, the growth of the Chinese healthcare market is directly correlated with the development of the Chinese technical ceramics market. Likewise, China's healthcare sector is expected to grow owing to the rising elderly population and rising per capita income over the forecast period, coupled with developments such as China's healthcare market. Health insurance exceeding USD 150 billion in 2021 and a significant growth trend in the health market would boost the technical ceramics market in China.

Market by Product Type Analysis  

In terms of product types, the segments Monolithic ceramics & Ceramics Coatings have captured 70% of the market revenues in 2021, with Monolithic Ceramic leading the market. Monolithic ceramics led the market in 2021 and this trend is likely to continue throughout the forecast period attributed to its widespread use in end-use sectors like medical, automotive, electrical & electronics, energy & power, and military. Furthermore, the war in Ukraine, as well as the civil war in Yemen in 2022, would work as a stimulant for boosting the growth of global military equipment market. 

Market by End-Use Industry

In China Technical Ceramics Market, Electronics & Semiconductor vertical have led the overall market revenues accounting more than 23% of the market revenues in 2021. the electronics & semiconductor segment led the market, followed by energy & power, and this trend is likely to continue during the forecast period due to rapidly expanding electronics & semiconductor market of China backed by government coupled with increased demand for semiconductor devices to be included in 5G technology and IoT devices.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• China Technical Ceramics Market Overview
• China Technical Ceramics Market Outlook
• China Technical Ceramics Market Forecast
• Historical Data and Forecast of China Technical Ceramics Market Revenues and Volume for the Period 2018-2028F
• Historical Data and Forecast of China Technical Ceramics Market Revenues and Volume, By Material Types for the Period 2018-2028F
• Historical Data and Forecast of China Technical Ceramics Market Revenues, By Product Types for the Period 2018-2028F
• Historical Data and Forecast of China Technical Ceramics Market Revenues, By End-Use Industry for the Period 2018-2028F
• China Technical Ceramics Market Drivers and Restraints
• China Technical Ceramics Market Trends
• China Technical Ceramics Market Industry Life Cycle
• Porter’s Five Force Analysis 
• Market Opportunity Assessment
• China Technical Ceramics Market Revenues Ranking, By Company
• China Technical Ceramics Market Overview on Competitive Benchmarking
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Material Types

• Oxide Ceramics
• Non-Oxide Ceramics

By Product Type

• Monolithic Ceramics
• Ceramics Matrix Composites
• Ceramics Coatings
• Others (Ceramics Troughs, Tubs for Agricultural Uses; Ceramics Pots for Packing)

By End-Use Industry

• Electronics & Semiconductor
• Automotive
• Medical
• Energy & Power
• Industrial
• Military & Defense