Ceramic Tube Market Worth 993.3 Million USD by 2022
The report “Ceramic Tube Market, By Material Type (Alumina and Zirconia), Application (Electronics and Electrical and Medical and Healthcare), and Region (North America, South America, Asia-Pacific, Middle East and Africa, and Europe)-Global Forecast to 2022”, published by MarketsandMarkets(TM), the Ceramic Tube Market is expected to grow from an estimated USD 691.1 million in 2017 to USD 993.3 million by 2022, at a CAGR of 7.52%, during the forecast period. This growth can be attributed to the increased demand for electrical transmission and distribution equipment and the replacement and refurbishment of existing power infrastructure.
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The alumina ceramic tube segment is expected to hold the largest share of the Ceramic Tube Market, by material type, during the forecast period
The alumina ceramic tube segment led the Ceramic Tube Market in 2016 and is expected to grow at a decent pace during the forecast period. Alumina is a standard material used to manufacture ceramic products such as tubes and rods for insulators, spark plug envelopes, and vacuum interrupters, among others. It is comparatively more cost-effective than other ceramic material types such as zirconia and molybdenum, among others, which is the main reason for the large market share held by the segment. The alumina segment is driven by the increased demand for alumina tubes in applications such as vacuum interrupters, power grid tubes, insulator tubes for thermocouples, x-ray tubes, and spark plugs, among others.