NANOCERAMIC POWDER MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Increasing demand for alumina and silica powders for various applications is expected to boost growth of the global nanoceramic powder market over the forecast period. Alumina powder is used in the construction of materials. It is also used as abrasives and catalysts. Alumina ceramic is used to prevent wear and corrosion in plants and mechanical engineering. Nano silica powder is used in paints, plastics, color rubbers, and magnetic materials. It is also used in ceramics porcelain, gypsum, batteries, paints, adhesives, cosmetics, glass, steel, fiber, and glass.

Increasing adoption of nanoceramic powder in the healthcare industry is expected to offer lucrative growth opportunities for the market players. In bone tissue engineering, bioactive scaffolds, host cells and osteogenic signals are used to restore damaged or diseased tissues. Composites of bioactive ceramics closely match the properties of bone. Nanoceramic powder offers a broad platform to the field of bone tissue engineering. Research and development to promote use of nanoceramic powder in the field of space exploration and photovoltaic solar cell is also expected to aid in growth of the market over the forecast period.