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Ceramic Packing Market : Technological Advancements, Evolving Industry Trends and Insights 2017-2023

Press Release   •   Nov 06, 2017 05:34 EST

ResearchMoz presents professional and in-depth study of "Ceramic Packing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023".

Ceramics are ideal material for packing because they are chemically, biologically and electrically inert and may be fabricated with 3-D structures. Ceramic surface of ceramic packing generates thin film, which can promote mixing of liquid and vapor and generate pressure drop at the same time. Ceramic packing cost less than metal packing and provides superior performance and protection of products.

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Ceramics are excellent electrical insulators and are less costly because the base material can be pre-formed before firing, forming a hard barrier solid. Ceramic packing provides high reliability under the severest environmental conditions. The ceramic packing applications fall into two categories: single-chip and multichip packages.

Ceramic packing is suitable for fluctuating temperatures and is resistant to all kinds of inorganic acid, organic acid and solutions except for the hydrofluoric acid. Column ceramic packing or random ceramic packing is widely used in absorbing tower, drying tower and cooling tower in the petrochemical industries. Acid resistant ceramic packing rings are often used in chemical engineering, refineries, acid plants, oxygen plants, gas plants, steel plants and pharmaceutical plants. In addition, ceramic packings are used as linings of reaction vessel in cooling towers, washing towers, reclaiming towers, drying towers, desulphurization towers and absorbing towers. Furthermore, ceramic packing can be used as lining bricks in anti-corrosion channels and pools.

The growth in end-user industries such as electronics, medical and petrochemical is expected to increase demand for ceramic packing. In addition, increasing consumption of oil and gas in emerging economies of Asia Pacific and Latin America is expected to boost demand for ceramic packing. Furthermore, there has been a surge in the demand for electronics from China and India, two of the largest economies in Asia Pacific which is expected to increase demand for ceramic packing. However, stringent environmental legislations and fluctuating raw material prices could hamper the growth of the market.

Asia Pacific is currently the fastest growing market for ceramic packing industry followed by Europe and North America. China and India are the fastest growing country markets in Asia Pacific due to presence of large number of end user industries. Japan, Malaysia, Indonesia, Republic of Korea, Hong Kong, Macau, Australia and New Zealand are other major consumers of ceramic packing in Asia Pacific. Europe and North America are saturated markets and expected to experience low to moderate growth. France, Germany and UK are major consumers of ceramic packing in Europe.

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Large and medium sized chemical corporations dominate the ceramic packing market. Some of the key players in this market are Kyocera Chemical Co. Ltd. (Japan), Pingxiang Dier Chemical Packing Co., Ltd. (China), Pingxiang Naike Chemical Industry Equipment Packing Co., Ltd.(China), Jiangxi Pingxiang Longfa Enterprise Co., Ltd.(China), NTK Technologies Inc (Japan), Devson Insulators Private Limited (India), National Porcelain Hitech Manufacturing Company (India), Sumitomo Metals and Alloys (Japan), Hitachi Chemical Co. Ltd. (Republic of Korea), LG Chemical Ltd.(Republic of Korea), BASF SE (Germany), Henkel Ag & Company (Germany), Tanaka Holdings Co., Ltd.(Japan), Alent Plc (UK), Mitsui High-Tec Inc. (Japan) and Les Poteries Malicornaises (France) among others. Companies are using aggressive marketing strategies to remain competitive in the market. In addition, companies are expanding their presence in emerging economies of Asia Pacific and Latin America to increase their market share. Furthermore, companies are investing in research and development and collaborating with research institutes and end user industries to develop innovative ceramic packing technologies.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America
Asia Pacific
Europe
Middle East and Africa
Latin America

This report provides comprehensive analysis of

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments

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