Advanced Ceramics Market Size, Opportunities, Segments, Application, Growth rate

Posted by Moin Patni on September 19th, 2018

Advanced Ceramics Market

Advanced Ceramics Market Overview: Advanced ceramic market will be anticipating an exponential growth during the forecast period. The growing application industries such as electronics, electrical, defense, medicals & biomaterials and others are resulting in increasing demand for advanced ceramics. Electronics is expected to be the leading application due to the huge demand. The advanced ceramics are very much environmental friendly and easy to use and on the other hand, the growing nanotechnology is the major growth driver for this market. Geographically, APAC is one of the major contributor in the global market followed by North America and Europe.

Advanced Ceramics market growth over the forecast period. Factors such as reliability and environmental friendliness of advanced ceramics is expected to further uplift market growth. The expansion of automotive manufacturing in Asia Pacific coupled with widening application scope is expected to fuel demand for advanced ceramics. They play an essential role in increasing safety, cost-effectiveness, and comfort in vehicle and automotive engineering.

Advanced Ceramics Market Awareness: Advanced Ceramics at the end user industries is the primary factor driving the market growth during the forecast years. Moreover, the growing automotive and electrical & electronic industry in the developing regions are expected to contribute to the growth of the advanced ceramics market substantially. In addition to this, the viable replacement of metal and plastics with advanced ceramics in the automobile sector among others is also expected to contribute to the growth of the market.

Among the various end-user segments in advanced ceramics market, the electrical & electronic is the leading segment of the market and is anticipated to continue its dominance over the forecast period. Applications of advanced ceramics are increasing in insulating, semiconducting and superconducting, magnetic, and piezoelectric.

Piezo-ceramic components play the role of sensors for electronic controls and deliver information related to engine process, position and changes in direction. Electrical components made from advanced ceramics react to such information and safety solutions such as ABS and ASR to release the airbags whenever required. Excellent properties such as lightweight, resistance to corrosion and non-metallic nature exhibited by advanced ceramics has fuelled their adoption in end-use industries such as electrical & electronics, medical and transportation.

Advanced Ceramics Market Key Players: Advanced Ceramics Market are: Kyocera Corporation (Japan), CeramTec GmbH (Germany), CoorsTek Inc. (U.S.), Saint-Gobain Ceramic Materials (U.S.), Morgan Advanced Materials Plc (U.K.), 3M Company (U.S.), Rauschert Steinbach GmbH (Germany), Dyson Advanced ceramics Limited (U.K), Superior Advanced Ceramics (U.S.), and NGK Spark Plug Co., Ltd. (Japan) among others.

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Advanced Ceramics Market Regional Analysis: Advanced ceramics market is segmented into five regions: North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Among these, Asia Pacific is expected to be the fastest growing region with an encouraging CAGR. Growing population and the increasing per capita disposable income are primarily driving the growth of the advanced ceramics market. Moreover, increasing demand for advanced ceramics in the automobile and electronics industry, mainly in countries such as India, China, and Japan, is propelling the market growth. Furthermore, factor such as competitive manufacturing cost, encouraging government regulations are other factors contributing to the growth of the market of this region. Additionally, the growing defense budget coupled with increasing application of advanced ceramics in modern armor is also surging the market growth.

The European region is a lucrative market and is mainly driven by a well-developed electrical & electronic and automobile industry. The growing application in implanted devices, ultrasonic cleaners, and radiation therapy equipment is further augmenting the growth of the market. Moreover, the increasing defense investment in the European region is further expected to fuel the market growth.

Advanced Ceramics Market Competitive Analysis: Advanced ceramics market is moderately consolidated and is largely driven by product innovation and technological up gradation. Companies such as Ceram Tec focus on developing application specific products and solution in order to cater to the intricate requirements of various application fields.

Advanced Ceramics Market Segmental Analysis: Advanced ceramics market is segmented into product type, material, and end-user. On the basis of the product type, the market is classified into monolithic ceramics, ceramic matrix composites, ceramic coatings and others. Th market by the material is segregated into advanced alumina ceramics; titanate advanced ceramics, zirconate advanced ceramics, advanced ferrite ceramics, and others. On the basis of the end, user industry is further categorized into electrical & electronics, machinery, pharmaceuticals, military & defense, automotive and others.

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