What is Global Ceramic Core Market?
The Global Ceramic Core Market is a vast and dynamic sector that plays a crucial role in various industries. Ceramic cores are primarily used in the casting process of complex gas turbine engine parts. These cores are made from materials that can withstand extremely high temperatures, making them ideal for use in industries such as aerospace and automotive. The global market for ceramic cores was valued at a significant US$ 171.4 million in 2023 and is projected to reach an impressive US$ 226.3 million by 2030. This growth is driven by the increasing demand for high-quality, durable, and heat-resistant materials in various industries. The market's expansion is also fueled by technological advancements and the development of new and improved ceramic core materials. The Global Ceramic Core Market is expected to grow at a steady Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period of 2024 to 2030.
Silica-based Ceramic Core, Zirconia-based Ceramic Core, Alumina-based Ceramic Core, Others in the Global Ceramic Core Market:
The Global Ceramic Core Market is segmented based on the type of ceramic core material used. These include Silica-based Ceramic Core, Zirconia-based Ceramic Core, Alumina-based Ceramic Core, and others. Each type of ceramic core has its unique properties and applications. Silica-based ceramic cores are known for their excellent thermal shock resistance and are commonly used in the aerospace industry. Zirconia-based ceramic cores, on the other hand, are valued for their high strength and toughness, making them ideal for use in industrial gas turbine blades. Alumina-based ceramic cores are renowned for their high-temperature stability and are widely used in the automotive industry. Other types of ceramic cores are also available in the market, catering to specific industry needs.
Aerospace & Space, Industrial Gas Turbine Blades, Automotive, Others in the Global Ceramic Core Market:
The Global Ceramic Core Market finds its applications in various sectors such as Aerospace & Space, Industrial Gas Turbine Blades, Automotive, and others. In the Aerospace & Space sector, ceramic cores are used in the casting process of complex parts of gas turbine engines. These parts need to withstand high temperatures and pressures, making ceramic cores an ideal choice. In the Industrial Gas Turbine Blades sector, ceramic cores are used due to their high strength and toughness. The Automotive sector also utilizes ceramic cores in the production of various parts due to their high-temperature stability. Other sectors also benefit from the use of ceramic cores, further driving the growth of the Global Ceramic Core Market.
Global Ceramic Core Market Outlook:
Looking at the market outlook, the Global Ceramic Core Market was valued at a significant US$ 171.4 million in 2023. It is projected to reach an impressive US$ 226.3 million by 2030, growing at a steady Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period of 2024 to 2030. This growth is driven by the increasing demand for high-quality, durable, and heat-resistant materials in various industries. Technological advancements and the development of new and improved ceramic core materials also contribute to the market's expansion.
| Report Metric | Details |
| Report Name | Ceramic Core Market |
| Accounted market size in 2023 | US$ 171.4 million |
| Forecasted market size in 2030 | US$ 226.3 million |
| CAGR | 4.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Morgan Advanced Materials, PCC Airfoils, Core-Tech, CoorsTek, Chromalloy, CeramTec (Dai Ceramics), Avignon Ceramics, Lanik, Capital Refractories, Noritake, Uni Deritend, Leatec, Jasico, Beijing Changhang Investment Casting, FILTEC PRECISION CERAMICS, Aero Engine Corporation of China |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
