Global Medical Ceramics Market to Expand at 3.50% CAGR from 2012 to 2018

The growing demand for ceramics in artificial implant technology has boosted the global medical ceramics market. The report estimates the global medical ceramics market to grow at a CAGR of 3.5% during the period between 2012 and 2018. The report also calculates the estimated valuation of the overall market during the forecast period. Providing a brief overview of the medical ceramics market, the report points out the key driving factors, restraints, opportunities, and trends shaping up the market.

The report presents an in-depth study of the medical ceramics market by compiling crucial data related to the use of medical ceramics across various medical applications as well as the type of ceramic material used in the applications. The report further studies the global medical ceramics market in the key geographical segments and analyses the impact of various macro- and micro-economic factors on the medical ceramics market in these regions.

Overview of Global Medical Ceramics Market

Medical ceramics or bioceramics are preferred in the medical field due to their biocompatibility. They are used in surgical implants, prosthetics, and various medical tools and devices. Medical ceramics have been approved by various regulatory authorities such as the U.S. Food and Drug Administration (FDA).The nontoxicity and high mechanical strength of medical ceramics with minimal or no tissue reaction is expected to boost the demand from the global medical ceramics market.

Though medical ceramics are nontoxic, very small traces of radioelements can be found in even fully refined ceramics, which can have a negative impact on organs and tissues. This may hamper the growth of the global medical ceramics market in the near future. The latest products of medical ceramics are electronic implantable ceramic sensors, which are expected to open new opportunities for the overall market.

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The report studies the various types of ceramic materials used in medical applications. Zirconia, aluminum oxide ceramics, zirconia alumina, and other ceramics are commonly used as bioceramics. Zirconia displays extremely high strength and is stronger than alumina. Hence, it is used in devices that generate sufficient wear, such as femoral balls in hip replacements.

The report segments the global medical ceramics market on the basis of application areas such as dental, orthopedic, implantable electronic devices, surgical and diagnostic instruments, and other therapeutic applications. The usage of medical ceramics in dental and orthopedic applications has been extensive. Orthodontic ceramic braces are as effective as metal braces, but are nearly invisible, making it a more attractive cosmetic option for the wearer. Ceramic implants are widely used to reconstruct arthritic or fractured joints in knee, hip, and shoulder.

The report studies the global medical ceramics market in four key regions: Asia Pacific, Europe, North America, and Rest of the World.

Companies mentioned in the research report:

The report profiles the key players operating in the global medical ceramics market such as Advanced Cerametrics Inc., 3M ESPE, Advanced Ceramics Research, Inc., Advanced Monolythic Ceramics, Inc., Advanced Industrial Ceramics, APC International Ltd, and AVX Corporation. The report analyzes the market share held by each player. The financial overview, product portfolio, and business strategies of the players have been mentioned in the report.

Global Rare Earth Metals Market to Expand at 13.0% CAGR between 2012 and 2018

In a recent market research study about the global rare earth metals market for , Transparency Market Research (TMR) states that the market will tread along an impressive growth path over the period between 2012 and 2018 and expand at a 13.0% CAGR. If the growth figures hold true, the market, which had a valuation of US$3.9 bn in 2012, will reach US$8.2 bn by 2018. In terms of volume, the market is expected to rise to a valuation of 290 kilo tons by 2018.The report is titled “Rare Earth Metals Market - Global Industry Analysis, Applications Size, Share, Growth, Trends and Forecast, 2012 - 2018” and is available at the company website for sale.

Rare earth metals are used on a large scale in everyday devices such as DVDs, automotive catalytic converters, fluorescent lighting, cell phones, rechargeable batteries, magnets, etc.The booming market for mobile devices has led to an increased demand for rechargeable batteries in the past few years. As a result, the demand for rare earth metals, which find great use in recyclable power backups, has also been on a constant rise in the past few years. The rising demand for clean energy and actions taken by environmentalists and government agencies for promoting the increased use of clean energy techniques are other key factors driving the rare earth metals market. However, the market is also expected to be restrained to a certain extent over the report’s forecast period owing to price fluctuations and the dominance of China in the global market.

The report segments the market on the basis of three criteria: type, application, and geography. Of the key rare earth metal types studied in the report, the market segment of cerium oxide held the largest share in the global market, an estimated 40%, in 2013. This can be credited to the vast set of applications of cerium oxide across a number of end-use industries. Demand for lanthanum oxide followed that for cerium oxide and held a 23.8% share in the market. Lanthanum oxide also finds application in a wide range of industries such as electronics, green technology, construction, and automotive. However, it is the segment of scandium that earned the market the largest revenue in 2013.

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On the basis of application, the report segments the market into magnets, catalyst, ceramics, metallurgy, polishing, glass, and phosphors. Of these, the market segment of magnets is the dominant segment.The report segments the global market into Asia Pacific, North America, Europe, and Rest of the World on the basis of geography. The report also gives the market for rare earth metals in China special attention, as China accounts for as much as 95% of the total global production of rare earth metals.

Some of the key companies operating in the global rare earth metals market are Arafura Resources, Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co, Avalon Rare Metals, Alkane Resources, Rare Elements Resources Ltd, Great Western Minerals Group, Greenland Rare Earth and Energy Ltd, Indian Rare Earths, China Rare Earth Holdings, Lynas Corporation Ltd., Chinalco Yunnan Copper Resources Ltd., and Molycorp.

The market is segmented as:

Rare Earth Metals Market By Type:

• Lanthanum
• Praseodymium
• Cerium
• Neodymium
• Samarium
• Promethium
• Europium
• Dysprosium
• Holmium
• Gadolinium
• Terbium
• Thulium
• Scandium
• Yttrium
• Erbium
• Ytterbium
• Lutetium

Rare Earth Metals Market By Application:

• Magnets
• Catalyst
• Metallurgy
• Ceramics
• Phosphors
• Glass
• Polishing

Rare earth Metals Market By Geography:

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Automotive Applications Gain Dominant Market Share in Asia Pacific, Inorganic Metal Finishing Market to Register 6.20% CAGR by 2020

A new Transparency Market Research report states that the global inorganic metal finishing market stood at US$54.7 bn in 2013 and is predicted to reach US$83.3 bn by 2020. The market will expand at a 6.20% CAGR between 2014 and 2020. The title of the report is “Inorganic Metal Finishing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”

As per the report, factors such as rapid development of the steel and automotive industries, resulting in an increased demand for inorganic metal finished components, is fuelling the inorganic metal finishing market. In addition, rise in industrial activities within the aerospace sector and heavy industries is also amongst the major factors stimulating the inorganic metal finishing market. On the other hand, factors such as stringent regulations imposed by the EPA and REACH on chromium emissions during a number of metal finishing processes including electroplating are predicted to be a key challenge for the market players, hence imposing a negative effect on the growth of the market.

On the basis of technology, the market is segmented into cladding, anodizing, conversion coatings, electroplating, galvanizing, and others including electro polishing, etc. Amongst these, electroplating is majorly utilized for depositing metal finishing on automotive components. The electroplating segment was the biggest technology segment and represented 35% of the market.

On the basis of product, the market is segmented into inorganic metal finishing technology, pre-treatment/surface preparation, and consumables and spares. Amongst these, inorganic metal finishing technology is broadly utilized in numerous industrial as well as electrical and electronic applications owing to a number of benefits associated with the usage of this technology. Properties including high durability and good corrosion resistance are the major driving factors increasing the demand for inorganic metal finishing technology.

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On the basis of application, the inorganic metal finishing market is segmented into electrical and electronics, automotive, industrial, and others including defense and hardware. Amongst these, on the basis of revenue, the automotive application segment held the biggest share, of more than 50%, in the market in 2013. The industrial application segment followed the automotive segment and stood as the second-biggest application segment in the market, trailed by the segment of electrical and electronic and others such as defense and hardware.

On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, in 2013, Asia pacific emerged as the biggest market for inorganic metal finishing, trailed by North America and Europe. Asia Pacific represented a share of approximately 35% in the market and is predicted to be the most swiftly developing region on the basis of consumption of inorganic metal finishing technologies. North America also has a strong hold in the inorganic metal finishing market and is predicted to rise at a 5.90 % CAGR on the basis of revenue from 2014 to 2020.

The prime players operating in the market include Metal Finishing Technologies LLC, Abakan Inc., Sequa Corporation, Elementis plc, Rockwood Holdings Inc., Atotech Deutschland GmbH, Industrial Metal Finishing, and Honeywell International Inc., among others.

Tin Market to Reach US$7.29 bn by 2023, Prospective Applications in Solar Energy Sector Could Impel Growth

Tin is a silvery-white soft metal that is malleable, ductile, and light in weight. Tin is primarily used in combination with other metals to manufacture alloys. Self-governing tin miners work in various small groups to collect tin ore to supply them to the local merchants. The increasing demand for soldering equipment and soldering alloys is expected to propel the global tin market in the coming few years.

Soldering Segment Accounts for 50% of Global Tin Market in 2014

The global tin market is segmented on the basis of geography and application. By application, the global tin market is classified into soldering, chemicals, tin plating, glass, chemicals, brass and bronze, and others. The others segment is sub-segmented into lithium-ion batteries, solar cells, and ammunition. In 2014, in terms of volume, the soldering segment dominated the global tin market, accounting for more than 50%.

Tin is highly ductile and malleable and is thus capable of being transformed into very thin sheets. It is unaffected by water and oxygen at room temperatures and does not rust or corrode easily. Thus, tin is used as a coating material, as a protection to other metals. Increasing demand from the food packaging industry and the expansion of the consumer electronics industry are predicted to boost the global tin market during the period between 2015 and 2023. The potential application of tin in the solar energy industry is further predicted to create new growth opportunities in the global tin market in the years to come.

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Asia Pacific Accounts for 65% of Global Tin Market in 2014

By geography, the global tin market is divided into Asia Pacific, Latin America, Europe, the Middle East and Africa, and North America. At present, Peru, China, and Indonesia are the leading producers of tin in the global tin market. The production of tin is highly concentrated in emerging countries in Asia Pacific and Latin America. In 2014, in terms of volume, Asia Pacific held a dominant share of 65% in the global tin market. The electronics market in Asia Pacific is expected to register considerable growth in the years to come, thus propelling the global tin market.

Increasing prices of tin due to fading production from exhausting mines are predicted to hamper the growth of the global tin market in the next few years. Further, the entry of new companies is expected to make the global tin market highly competitive in the years to come. Currently, leading players from across the globe are working closely with consumers to manufacture products as per their needs and specifications. Some of the leading participants in the global tin market are Yunnan Tin Group Company Limited, Yunnan Chengfeng Non-ferrous Metals Co., Ltd., Malaysia Smelting Corporation, Thailand Smelting and Refining Co., Ltd. (Thaisarco), Guangxi China Tin Group, PT Timah (Persero) Tbk, and Empresa Metalúrgica Vinto S.A. Prominent players in the global tin market are aiming to achieve economy of scale to expand their share in the global tin market.

Copper Market to Account for US$171.96 bn by 2023, Construction to Remain Largest Application Segment

Transparency Market Research has published a new market report titled “Copper Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global copper market was valued at US$ 138.05 Bn in 2014 and is anticipated to reach US$ 171.96 Bn by 2023, expanding at a CAGR of 4.9% between 2015 and 2023.

Copper is a soft metal with excellent ductile and malleable properties. It has high electrical and thermal conductivity. Copper is used extensively in various industrial application due to its conductivity and antibacterial properties. Brass and bronze are two of the most important alloys of copper. Copper’s malleability and ease of usage in machines during the fabrication process facilitates high production rate of accurate copper shapes at relatively lower cost than its substitutes.

Increase in infrastructure activities in developing countries is expected to boost the demand for copper in the next few years. Additionally, advancement in global manufacturing output as in transportation equipment, industrial machinery, domestic appliances, and other durable goods is estimated to augment the demand for copper during the forecast period. However, competition from other materials such as plastic and aluminum is likely to hamper market growth. Nonetheless, ongoing research and development in green building is projected to open growth opportunities for the copper market in the near future.

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Copper metal is traded in various forms such as wire rods; plates, sheets, & strips; and rods, bars, & sections. In terms of volume, the wire rod segment accounted for more than 55% share of the market in 2014. Copper rods are used in the manufacture of ultra-high voltage, large capacity underground and submarine cables; magnet wires for electronic parts; and wire harnesses for automobiles. The others segment includes powder and tube. It held the second-largest share of the global copper market in 2014.

In terms of volume, construction was the largest application segment of the copper market, accounting for more than 40% share in 2014. It is also projected to be the fastest-growing segment of the market during the forecast period. Copper and brass are the materials of choice for plumbing, taps, valves, and fittings owing to their aesthetic appeal. Copper is used widely in infrastructural activities in the form of copper tubing, taps, valves, tanks, connections, and fittings. This, in turn, is expected to increase the demand for copper in the next few years. It is a good conductor of electricity. It is also malleable and corrosion resistant. This makes it the most sought after material for electric cables, both industrial as well as domestic. Electrical & electronics was the second-largest application segment of the copper market in 2014.

In terms of volume, Asia Pacific dominated the global copper market, accounting for more than 60% share in 2014. Asia Pacific is anticipated to be the fastest-growing regional market during the forecast period owing to increasing demand for automobiles and rapid industrialization and urbanization in the region.

Key players operating in the copper market include Codelco, Aurubis AG, Freeport McMoRan Inc. Copper, Glencore, Grupo Mexico, and BHP Billiton Ltd.