The global Advanced Ceramics Market size is expected to reach US$ 161.94 billion by 2027 and is expected to grow at an impressive double-digit rate of 9.3% from 2020 to 2027.
The study includes drivers and restraints of this market. The study provides an analysis of the global Advanced Ceramics Market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
Why should you invest in this report?
If you are aiming to enter the global Advanced Ceramics Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Advanced Ceramics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
The market for advanced ceramics is largely driven by the growing implementation of the product in healthcare applications particularly for biomedical implants as well as bone implants. Besides this, they are also significantly used in dental applications where ceramic teeth are designed and matched to the patient’s natural teeth. Various researchers have been working towards increasing the scope of the product application across the healthcare industry, especially in tissue engineering and gene therapy.
Further, rising demand from the automotive industry accounted as the other important factor have a positive impact on the growth of the market over the forecast timeframe. Car manufacturers, mostly based in the U.S., uses ceramic filters to eliminate particulates from molten metal that in turn is used to manufacture body parts and components of an automobile. Manufacturers based in the Asia Pacific region prominently utilize advanced ceramics in the manufacturing of PTC heaters, oxygen sensors, spark &glow plugs, parking distance control systems, knocking sensors, and fuel injection systems.
Report Highlights
- The Asia Pacific emerged as the largest advanced ceramic market because of prominent growth in the automotive and electrical & electronics industries, especially in India and China
- North America expected to register significant growth in the industry in the wake of increasing healthcare awareness along with the rising electronics industry in the region
- By product, Monolithics segment was examined as the largest revenue contributor in the year 2019 owing to increasing product utilization in the electronics & electrical sector
- Ceramic matrix composites estimated to be the fastest growing segment over the analysis period as they are largely preferred in numerous applications due to their superior properties
- Based on material, alumina led the global advanced ceramics market in 2019 because of their excellent wear resistance and cost-effectiveness property
- Titanate segment projected to grow at a rapid pace over the upcoming years due to its vibrant thermal shock resistance property compared to other materials across the world
- By application, electronic devices captured the largest value share in 2019 and accounted for nearly half of the global revenue that year
- Bioceramics are analyzed to show the fastest growth over the forecast timeframe because of its tremendous strength and wear resistance
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Key Market Players and Strategies
- Elan Technology
- CeramTec GmbH
- Oerlikon Surface Solutions AG
- Morgan Advanced Materials PLC
- Ortech Incorporated
- CoorsTek
- 3M Company
- Kyocera Industrial Ceramics Corporation
- Saint Gobain S.A.
- Murata Manufacturing Co. Ltd.
Major Market Segments Covered:
By Product
- Ceramic Coatings
- Monolithic Ceramics
- Ceramic Matrix Composites
By Material
- Titanate
- Alumina
- Zirconate
- Aluminum Nitride
- Ferrite
- Silicon Nitride
- Silicon Carbide
By Application
- Catalyst Supports
- Electrical Equipment
- Bioceramics
- Electronic Devices
- Engine Parts
- Wear Parts
- Filters
- Others
By End-Use
- Automotive
- Electrical & Electronics
- Machinery
- Medical
- Environmental
- Others
Regional Analysis:
The geographical analysis of the global Advanced Ceramics Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Advanced Ceramics Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Advanced Ceramics Market in 2027?
- What is the expected CAGR for the Advanced Ceramics Market between 2020 and 2027?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Advanced Ceramics Market?
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