Nanoceramic Powder Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are PlasmaChem GmbH and Stanford Advanced Materials.

The prime factors propelling the growth of the nanoceramic powder market are expanding use of renewable energy sources, the increasing development of innovative, flexible, and stretchable electronics, and the growth of the aerospace sector.

As per the report, the nanoceramic powder market is expected to grow steadily.

Nanoceramic powder is a thin ceramic powder that has undergone nanoscale engineering. Due to its high strength and toughness, it is used across a wide range of industries, including electronics, aerospace, defense, chemical, transportation, and biomedical. Increasing advancement in flexible and stretchable electronics will increase nanoceramic powder consumption since it is incorporated into conductive and durable substrates and can withstand repeated bending and stretching without losing its electrical properties. Thus, nanoceramic powder is in high demand due to the production of flexible electronics, like foldable phones, and further research into new stretchable displays. In November 2022, LG Display introduced a stretchable display screen of 12-inch length with 20% stretchable ability to reach 14 inches with better shock resistance. In aerospace, turbine blades can be coated with nanoceramic powder coatings to increase their resistance to corrosive gases and high temperatures. The bolstering growth in aerospace manufacturing is expected to boost the demand for nanoceramic powder. According to the Aerospace Industries Association report in 2021, the US aerospace and defense sector generated sales that reached US$892 billion in 2021, up 2.1% from 2020. In 2021, Airbus' commercial aircraft deliveries to consumers increased by 8%.

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The nanoceramic powder market has been segmented into type, end-user industry, and geography.

Based on the type, the market has been segmented into carbide powders, nitride powders, boron powders, oxide powders, and others.

Based on the end-user industry, the market has been segmented into medical, chemicals, electronics, transportation, industrial, defense, and others.

By region, Asia Pacific is expected to retain a considerable market share due to existing electronics giants, including Samsung, LG, Huawei, and Xiaomi, and their increasing research and development to advance flexible electronics and stretchable displays. In 2021, the Samsung Galaxy Z Fold3 and Flip3 smartphone series' pre-orders totaled 920,000 units. On the other hand, companies like Xiaomi and Realme have captured a major market share in India in the Rs 12,000 and below smartphone segment.

The global supply chain disruptions caused by the Covid-19 pandemic significantly impacted the production and distribution of nanoceramic powders. Lockdowns, travel restrictions, and reduced manufacturing activities led to delays in the supply of raw materials, production bottlenecks, and increased costs. These challenges affected the availability and pricing of nanoceramic powders, which in turn affected the operations of manufacturers and end-users. In addition, the pandemic-induced economic downturn and reduced industrial activities decreased demand for nanoceramic powders.

The major players covered in the nanoceramic powder market are Rasatech, ABM Advanced Ball Mill Inc., ANR Technologies Pte Ltd, Bharat Heavy Electrical Ltd., PlasmaChem GmbH, Stanford Advanced Materials, American Elements, and Chengdu Organic Chemicals Co. Ltd.

This nanoceramic powder market has been analyzed into the following segments:

• By Type

o Carbide Powders
o Nitride Powders
o Boron Powders
o Oxide Powders
o Others

• By End-User Industry

o Medical
o Chemicals
o Electronics
o Transportation
o Industrial
o Defense
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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