Opportunities in the global ceramic core market is expected to grow at a CAGR of 3.8% by 2023

According to a new market report published by Lucintel, the future of the global ceramic core market looks promising with opportunities in aerospace, industrial gas turbine, and other markets. The global ceramic core market is expected to grow with a CAGR of 3.8% from 2018 to 2023. The major drivers for this market are growing demand for aero engine turbine blades and ability of ceramic core to fabricate complex geometry of turbine blades.

In this market, silica and zircon are the major raw materials used for producing ceramic cores. Lucintel forecasts that silica will remain the largest material by value and volume and it is also expected to witness highest growth over the forecast period due to its performance benefits, such as high strength and heat resistance.

Within ceramic core market, aerospace will remain the largest end use industry by value and volume and it is also expected to witness highest growth over the forecast period due to its growing usages in engine blade investment casting.

North America is expected to remain the largest as well as highest growing market for ceramic core due to increasing turbine blade manufacturing in this region.

Emerging trends, which have a direct impact on the dynamics of the industry, include 3D printing technology and material innovation for increasing heat resistance property. Morgan Advanced Materials, PCC Airfoils, Lanik SRO, Coorstek, and CeramTec are among the major suppliers of ceramic core.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global ceramic core market by end use industry, material, sourcing, and region, and has come up with a comprehensive research report entitled  “Growth Opportunities in the Global Ceramic Core Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategies as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global ceramic core market by end use industry, material, sourcing, and region, as follows:

By end use Industry [Volume (Thousand Units) and $M shipment analysis from 2012 to 2023]:

•          Aerospace
•          Industrial Gas Turbine
•          Others

By Sourcing type [Volume (Thousand Units) and $M shipment analysis from 2012 to 2023]:

•          Outsource
•          In-house

Material Market by material type [Volume (million lbs) and $M shipment analysis from 2012 to 2023]:

•          Silica
•          Zircon
•          Others

By region [Volume (Thousand Units) and $M shipment analysis from 2012 to 2023]:

•          North America
•          Europe
•          Asia Pacific
•          Rest of the World

This 126-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report addresses the following key questions:

Q. 1.    What are some of the most promising, high-growth opportunities for the global ceramic core market by end use industry (aerospace, industrial gas turbine and others), material (silica, zircon, and other), sourcing type (outsource and in-house), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2.    Which products segments will grow at a faster pace and why?

Q. 3.    Which region will grow at a faster pace and why?

Q.4.     What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?

Q.5.   What are the business risks and competitive threats in this market?

Q.6.   What are the emerging trends in this market and reasons behind them?

Q.7.   What are some of the changing demands of customers in the market?

Q.8.   What are the new developments in the market and which companies are leading these developments?

Q.9.   Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?

Q.10.   What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?

Q. 11. What M&A activity has occurred in the last 5 years?