The Ceramic Tube Market is expected to grow at a CAGR of 7.52%, from 2017 to 2022, to reach a projected market size of USD 993.3 million by 2022. Rapid growth in the manufacturing sector in Asia-Pacific along with an increase in investments in the construction of new power transmission and distribution networks in developing regions and the replacement and refurbishment of existing power transmission and distribution networks in developed countries is driving the global ceramic tube market.
The ceramic tube market is dominated by a few major players that have a wide regional presence and are established brand names. The leading players in the ceramic tube market include Kyocera Corporation (Japan), CoorsTek, Inc. (U.S.), CeramTec (Germany), Carborundum Universal, Ltd. (India), Morgan Advanced Materials (U.K.), and NGK Spark Plug Co., Ltd. (Japan).
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The electronic and electrical segment of the ceramic tube market, by application, is expected to grow at the highest CAGR during the forecast period. An increased demand for equipment such as vacuum interrupters, power grid tubes, thermocouple insulators, X-ray tubes, and capacitors is driving the electronic and electrical ceramic tube market. There is an increase in the demand for ceramic tubes for vacuum interrupters due to the increased application of vacuum interrupters in circuit breakers, contactors, re-closers, load break switches, and tap changers.
The alumina tubes segment is expected to lead the ceramic tube market, by material type, and is projected to grow at the highest CAGR 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. These factors are driving the alumina tubes market.
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Previously, in electronic and electrical applications, glass was the main material used to envelop X-ray tubes, vacuum interrupters, and power grid tubes. However, with technological advances in the field of ceramic manufacturing, new opportunities have been created for ceramic tube manufacturers. SF6 gas is used as an insulating medium in high voltage circuit breaker technology. Stringent environmental norms for SF6 gas has created new opportunities for the vacuum interrupter market in high voltage applications which, in turn, would create an opportunity for ceramic tube manufacturers.