CERAMIC Market Demand and Supply Analysis Sample Clauses

CERAMIC Market Demand and Supply Analysis. The term ceramics is used for inorganic materials (with some organic content), made up of non-metallic compounds and made permanent by a firing process. In addition to clay-based materials, today ceramics include a multitude of products with a small fraction of clay or none at all. Ceramics can be glazed or unglazed, porous or vitrified. Firing of ceramic bodies induces time-temperature transformation of the constituent minerals, usually into a mixture of new minerals and glassy phases. Characteristic properties of ceramic products include high strength, wear resistance, long service life, chemical inertness and nontoxicity, resistance to heat and fire, electrical resistance and sometimes also a specific porosity. Depending on the specific production processes, plants manufacturing ceramic products cause emissions to be released into air, water and land (waste). The environment can be affected by noise and unpleasant smells. The type and quantity of air pollution, wastes and wastewater depend on different parameters. These parameters are, e.g., the raw materials used, the auxiliary agents employed, the fuels used and the production methods. The size of the overall market was assessed by comparing two different sources, which were found to be similar. The market value of ceramics is estimated at 90 billion in 2018 and will grow with a CAGR of 8.6% until 2030.83,84 The major factors driving the market are the rise in use as an alternative to metals and plastics and the growing demand in the medical industry. Asia-Pacific dominated the market across the globe with the largest consumption from the countries of China and Japan. The electronic and electrical industry dominated the market in 2018 and it is expected to grow during the forecast period. It exploits a wide range of electrical properties of advanced ceramics, including insulating, semi-conducting, superconducting, piezoelectric, and magnetic properties. Increasing usage in photovoltaic modules, wind turbines, and pollution control applications and increasing applications of silicon carbide and gallium nitride are likely to act as opportunities in the future. As part of the Ceramic market, the global tiles market is driven by the growth in the construction industry, owing to rapid expansion of the housing sector and increase in construction spending globally. Urbanization 83 xxxxx://xxx.xxxxxxxxxxxxxxxxx.xxx/industry-analysis/advanced-ceramics-market 84 xxxxx://xxx.xxxxxxxxxxxxxxxxxxxx.xxx/ceramic-tile...
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