Seattle, WA -- (SBWIRE) -- 11/06/2019 -- Industry Insights: The global Advanced Ceramics market size was valued at USD 72.74 billion in 2018 and is expected to exhibit a CAGR of 9.1% during the forecast period. Rising demand from various industries such as heavy machinery, electronics, energy, automotive, cutting tools and defense is a key factor influencing market growth.
Industry growth is highly dependent on the dynamics of the electronic components and electrical equipment industries, which together accounted for over 70.0% of total demand in 2018. Products made from Advanced Ceramics, such as electrical conductive elastomers, find increasing applications in wire insulation, lamps, lighting, cell phones, inter-connectors, and power distribution on account of superior dielectric properties and good thermal stability.
For More Info and for a Sample Copy: https://www.worldwidemarketreports.com/sample/269082
Material Insights: Alumina was the largest segment in 2018, accounting for 35.2% of the global revenue. Alumina or aluminum oxide is an advanced engineering material with excellent wear resistance. Moreover, high cost effectiveness of alumina plays a major role in its extensive utilization in various end-use industries. Asia Pacific leads the segment, wherein the product is utilized in automotive, energy, electrical, medical, and other industries.
Product Insights: Monolithics was the largest segment in 2018, accounting for a share of 78.9% that year. Rising utilization in the electronics and electrical sector, particularly in developing countries in Asia Pacific, is expected to propel its demand over the next few years. Some of the major product type are silicon nitride, silicon carbide zirconium, and zirconium carbide. These materials offer properties like reliability, durability, and wear and high temperature resistance, which are specifically favorable for industrial use.
Get Discount on This Research Report: https://www.worldwidemarketreports.com/discount/269082
Application Insights: Electronic devices formed the largest application segment in the Advanced Ceramics market in 2018, accounting for 47.0% of the global revenue that year. Increasing global need for cost-effective and high performance electronic gadgets, particularly in Asia Pacific, will fuel demand over the forecast period. Advanced Ceramics are employed in a wide range of applications in the electronic device market for superconducting, insulating, magnetic, semi conducting, and piezoelectric applications.
Regional Insights: Asia Pacific was the largest regional market in 2018, accounting for a share of 40.1% that year. The region is expected to continue its dominance over the forecast period due to growing automotive and electrical and electronics industries, particularly in China and India. North America is expected to witness significant growth in the industry on account of rising healthcare awareness and growing electronics industry in the region.
Advanced Ceramics Market Share Insights: The global market is dominated by top multinational companies who have successfully expanded their geographical footprint across the globe as part of their growth strategy. Some of the major market players are Corning Inc.; Morgan Advanced Materials; Kyocera Corporation; CeramTec; CoorsTek, Inc.; McDanel; and Momentive Performance Materials, Inc.
Place an Enquiry For Complete List of Key Players: https://www.worldwidemarketreports.com/quiry/269082
If you have any special requirements, please let us know and we will offer you the report as you want.