South Korea Technical Ceramics Market (2022-2028) | Size, Share, Forecast, Revenue, Analysis, Growth, Trends, Industry, Outlook & COVID-19 IMPACT

South Korea Technical Ceramics Market report thoroughly covers the market Material Types, Product Types and End-Use Industry The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

South Korea Technical Ceramics Market Synopsis

South Korea Technical Ceramics market is expected to grow moderately during the forecast period, owing to government initiatives such as the $37 billion Green New Deal, which aims to boost green infrastructure and promote green energy to achieve South Korea's Net Zero emission target by 2050. Such initiatives are boosting industries such as automotive, electrical and semiconductor, military and defense, healthcare, and others, which will directly influence the South Korean technical ceramics market in terms of demand generation. In 2020, the outbreak of coronavirus hampered the growth of the South Korean technical ceramics market, and demand for technical ceramics plummeted because of a government-imposed nationwide lockdown, as well as disruption in the global supply chain, which resulted in the halt of operations of the electrical & semiconductor industry, which is a prominent end use industry. In terms of market capitalization electrical & semiconductor industry accounted for $130 bn.  

According to 6Wresearch, South Korea Technical Ceramics Market size is projected to grow at CAGR of 6.4% during 2022-2028. Accredited to a robust automotive sector in South Korea, as well as a growing military & defense sector and a rallying healthcare sector because of COVID-19, would boost demand for technical ceramics in the forecast years. The medical equipment market would provide opportunities to use technical ceramics in the medical segment, which would boost demand for technical ceramics in the country during the forecast period.

Market by End-Use Industry Analysis  

In terms of the end-use industry, the electronics and semiconductor segment accounted for 25.9% of market revenue in 2021 and leads the market. The results are extrapolations of the market capitalization of electronics and semiconductor companies compared to other industries. The electrical and semiconductor industry in South Korea is projected to experience increased demand due to the transformation expected in the communication sector due to the arrival of 5G technology and increased demand for Internet of Things (IoT) devices, where technical ceramics are used in their manufacturing.

Market by Product Types, Analysis  

In the South Korean Technical Ceramics Market, monolithic ceramics are the most popular type of product, accounting for more than 43.15% of the market revenues in 2021. Monolithic ceramics are durable and can withstand high temperatures, which makes them a popular choice in many South Korean industries. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• South Korea Technical Ceramics Market Overview
• South Korea Technical Ceramics Market Outlook
• South Korea Technical Ceramics Market Forecast
• Historical Data and Forecast of South Korea Technical Ceramics Market Revenues for the Period 2018-2028F
• Historical Data and Forecast of Revenues, By Types, Verticals, and Regions for the Period 2018-2028F
• Market Drivers and Restraints
• South Korea Technical Ceramics Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis 
• South Korea Technical Ceramics Market - Impact Analysis of COVID-19
• Market Opportunity Assessment
• South Korea Technical Ceramics Market Revenue Ranking, By Company
• South Korea Technical Ceramics Market – Import Trade Statistics
• Competitive Benchmarking
• Company Profiles 
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Material Types

• Oxide Ceramics 
• Non-Oxide Ceramics

By Product Types

• Monolithic Ceramics 
• Ceramic Coatings 
• Ceramic Matrix Composites
• Others (Ceramic Troughs, Tubs for Agricultural Uses; Ceramic Pots for Packing)

By End-Use Industry

• Electronics & Semiconductor 
• Automotive
• Medical
• Energy and Power
• Industrial
• Military & Defense

South Korea Technical Ceramics Market: FAQs