An extensive study of the product application and services conducted by subject matter experts assessing the Advanced Ceramics Market will help product owners to make a wise decision.
New York, NY -- (SBWIRE) -- 02/19/2021 -- The global Advanced Ceramics Market is estimated to reach USD 146.12 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing use of advanced ceramics in several end-user industries such as electronic and electrical, medical, and machinery industries. The market for advanced ceramics are adopted at a rapid rate as an alternative to plastics and metals, due to the increasing awareness regarding the eco-friendly advantages such as durability, biodegradability, and extensive tensile strength. The growth in various end-use products' demand & industrial development are vital factors promoting the need for advanced ceramics, which is, propelling the overall growth of the market globally.
The rapid use of coated machinery components has shifted the inclination of the consumers to advanced coatings, and the technological improvements in deposition processes are anticipated to bring new market opportunities.
APAC accounts for the largest market share of 33.70% in 2018 and is anticipated to grow at a CAGR of 8.5% over the forecast period owing to accelerated industrialization in these regions. The growth of the main end-use industries such as the infrastructure/construction sectors mainly in Asian countries such as India and China are expected to encourage the advanced ceramics market. Moreover, higher adoption and improved technological innovations for the use of advanced ceramics in nanotechnologies, in wind turbines and other pollution control purposes is anticipated to increase the market for advanced ceramics in the region.
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Key participants include Saint-Gobain Ceramic Materials, Asahi Glass Co., Corning Inc., Advanced Ceramic Manufacturing, LLC., Kyocera Corporation., Coorstek Inc., Ceramtec GmbH, Morgan Advanced Materials PLC, Morimura Group, Rauschert Steinbach GmbH
Further key findings from the report suggest
- Advanced ceramics are primarily used in the manufacturing of electronic and electrical equipment owing to their substantial electrical conductivity and high acid resistance. Increasing demand for consumer electronics, particularly in APAC countries such as China and India, is presumed to impact positively on industry growth over the forecast period.
- Titanite market of the material segment is valued at USD 21.32 billion in 2018 and is estimated to reach USD 42.81 billion by 2026, at a CAGR of 8.6%. Titanite or aluminum titanite possesses the most active thermal shock resistance in the material segment. Product made of this material tends to endure under high temperatures of various hundred degrees.
- The bioceramics market of the application segment is valued at USD 13.10 billion in 2018 and is estimated to reach USD 26.30 billion by 2026 at a CAGR of 8.6% during the forecast period. They are inert materials and possess exceptional strength and wear resistance. Therefore, they are widely utilized in surgical implants like dental and bone. Commonly used materials in this section include aluminum oxide and zirconia oxide. These are mainly used in the manufacturing of dental and orthopedic implants.
- The market players are primarily focused on developing new technologies to meet the requirements of users. Various companies are also involved in numerous merger & acquisitions as their essential strategy is to maintain sufficient market share. These factors are expected to have a positive impact on industry growth over the next few years.
For the purpose of this report, Reports and Data have segmented global Advanced Ceramics Market on the basis of Type, Material, End Users, Application and region:
Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Monolithic ceramics
- Ceramic coatings
- Ceramic matrix composites
Application Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Electrical equipment
- Electronic devices
- Wear parts
- Bioceramics
- Others
Material Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Alumina
- Titanate
- Zirconate
- Aluminum nitride
- Silicon carbide
- Others
End User Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
- Electrical & electronics
- Automotive
- Environmental
- Medical
- Others
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The report offers:
- An in-depth overview of the Advanced Ceramics market landscape
- Assessment of the global industry trends for the historical period of 2017-2018, the current year 2019-2020, and a forecast estimation for the period 2020-2027
- Overview of the company profiles and product portfolios
- R&D advancements and technological developments in the Advanced Ceramics industry.
- Market dynamics, trends, opportunities, and risks
- Study of the market in terms of revenue and product consumption patterns
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Advanced Ceramics Market Segmentation & Impact Analysis
4.1. Advanced Ceramics Market Segmentation Analysis
4.2. Advanced Ceramics Market Value Chain Analysis, 2018-2026
4.3. Regulatory framework
4.4. Recent Developments
4.5. Advanced Ceramics Market Impact Analysis
4.5.1. Market driver analysis
4.5.1.1. Rising demand from various industries
Continued….
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