Porous Ceramic Market Summary
As per Market Research Future Analysis, the Global Porous Ceramic Market was valued at USD 5.9 Billion in 2022 and is projected to grow to USD 15.0 Billion by 2032, with a CAGR of 10.90% from 2023 to 2032. Key drivers include rising demand for filtration products, increased use in medical devices, and growth in the electronics sector. The market is significantly influenced by the need for high-quality materials in various applications, including automotive and industrial sectors.
Key Market Trends & Highlights
The Porous Ceramic Market is witnessing robust growth driven by several key trends.
- Filtration segment dominated the market in 2022, driven by demand across chemical, pharmaceutical, and food industries.
- Alumina ceramics led the raw material segment in 2022 due to their excellent electrical insulating properties.
- Asia Pacific held 45.80% of the market share in 2022, with China being the largest market.
- The automotive segment was the largest application segment in 2022, supported by investments in Electric Vehicles (EVs).
Market Size & Forecast
2022 Market Size | USD 5.9 Billion |
2023 Market Size | USD 6.5 Billion |
2032 Market Size | USD 15.0 Billion |
CAGR (2023-2032) | 10.90% |
Major Players
Key players include Applied Materials, Inc., CoorsTek, Inc., Innovacera, KeraNor AS, Kyocera Corp., Nishimura Advanced Ceramics Co., Ltd., STC Superior Technical Ceramics, and NGK Spark Plug Co., Ltd.