Advanced Ceramics industry forecasts to 2010 & 2015
US demand to grow 6.5% annually through 2010 Demand for advanced ceramics is forecast to increase 6.5 percent per year to nearly $12 billion in 2010. Although the advanced ceramics industry is in some respects mature and well-established, it
is also a high technology industry. As a result, the research and development of new products, new applications and new
market niches is a critical and continuous process. New or reinvigorated uses for ceramics which offer considerable growth potential include ballistic armor, ceramic composite automotive brakes, diesel particulate filters, a wide variety of prosthetic products, piezoceramic sensors and next-generation computer memory products.
Ongoing proliferation of electronics to spark demand
Consumption of advanced ceramics is highly dependent upon the health of the electronics and electrical products industries, which combined accounted for 46 percent of total demand in 2005. In the electronics market, the ongoing proliferation of cellular phones, portable computing devices, gaming systems and other personal electronic devices will continue to spark demand for semiconductors, capacitors and other ceramiccontaining electronic components. The electrical market is sizeable but relatively mature with a comparatively low level of new product development. Growth is therefore closely tied to overall prospects for electrical equipment and tends to be highly cyclical. After suffering outright declines, electrical equipment shipments will experience a rebound through 2010, favorably impacting advanced ceramics demand in such items as insulators.
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