Notable Advances in Advanced Ceramics R&D Complementing Adoption
Posted by preefacto on February 12th, 2020
Advanced ceramics continue to spark a notable interest in the high-performance engineering applications, with a foreseen phenomenal growth potential in defense and aerospace. Advanced ceramics sales surpassed 40,500 MT in 2018, according to a recent Fact.MR study. Advanced ceramics have already sought extensive demand in electronics & power, and industrial & metallurgical applications, collectively accounting for approximately 60% of overall sales in 2018.
As the shift toward low-carbon economy becomes pervasive, key players in the advanced ceramics market are eyeing potential gains from the piezoelectric space. Government and private equity investments in the energy-harvesting technologies have significantly advocated developments in piezoelectric sensors and transducers, in turn alluding bright prospects for advanced ceramics in the electronics and power applications.
In this advanced ceramics market study, the following years are considered to predict the market footprint:
Monolithic Ceramics at the Forefront, Despite Remarkable Sales Prospects of Ceramic Coatings and CMCs
Monolithic ceramics prevail as the preferred class of advanced ceramics, with significant evolution in their development patterns. Enhanced performance attributes of monolithic ceramics, including stability, flexibility, toughness, and resilience, continue to underpin their supremacy over other advanced ceramic variants. According to the study, despite remarkable sales prospects foreseen for the ceramic coatings and ceramic matrix composites (CMCs), monolithic ceramics will continue to spearhead the advanced ceramics market, with over 80% of overall volume sales.
Ceramic coatings and CMC sales are likely to record a relatively faster growth in sales, as these have been deemed to hold higher specific strength over larger temperature range, along with greater damage tolerance, than monolithic ceramics. However, the affordable nature of monolithic ceramics compared to other variants, and higher fracture toughness, will continue to underpin their reign in the advanced ceramics market.
The business intelligence study of the advanced ceramics market covers the estimation size of the market both in terms of value (Mn/Bn USD) and volume (x units). In a bid to recognize the growth prospects in the advanced ceramics market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market. Each segment of the advanced ceramics market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
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The key players in the global advanced ceramics market report consist of
APEJ Reigns Supreme in Advanced Ceramics Consumption
Sovereignty of Asia-Pacific excluding Japan in the advanced ceramics market shows no signs of abating, underpinned by key aspects that include competitive manufacturing prices, significant economic growth, and rapid momentum of end-use verticals in the region. With the aim of region’s developing economics such as China and India to become global leaders in automobile manufacturing in terms of cutting edge vehicle electrification technologies, demand for advanced ceramics will continue to remain robust in the region. Apart from demand for electroceramics, resurgent growth in the residential construction, coupled with various infrastructure development projects, is a significant growth determinant for the advanced ceramics market in APEJ.
Recent developments in the ceramic science have meant that costly fabrication techniques are near redundancy. Producing robust transparent ceramic items, while retaining the translucency, is gaining momentous focus among key players in the advanced ceramics market, abreast efforts to address structural heterogeneities. This will further pave ground for developments in advanced ceramics in the upcoming years.
Each market player encompassed in the advanced ceramics market study is assessed according to its market share, production footprint, current launches, agreements, ongoing R&D projects, and business tactics. In addition, the advanced ceramics market study scrutinizes the strengths, weaknesses, opportunities and threats (SWOT) analysis.
On the basis of types, the global advanced ceramics market report covers the footprint, and consumption of the segments including
The global advanced ceramics market covers the demand trends of class which includes
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