Global Advanced Ceramics Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunities and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Advanced Ceramics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global advanced ceramics market size reached US$ 86.62 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 158.63 Billion by 2027, exhibiting a CAGR of 10.61% during 2021-2027.
Companies Mentioned
- 3M Company
- AGC Inc.
- Blasch Precision Ceramics Inc.
- CeramTec GmbH
- Compagnie de Saint-Gobain S.A.
- CoorsTek Inc.
- Corning Incorporated
- Elan Technology
- Ferrotec (USA) Corporation (Ferrotec Holdings Corporation)
- Kyocera Corporation
- Materion Corporation
- McDanel Advanced Ceramic Technologies LLC
- Morgan Advanced Materials plc
- Paul Rauschert GmbH & Co. KG.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Advanced ceramics are inorganic and non-metallic solids produced from highly refined and purified powders. Some commonly used advanced ceramics include alumina, titanate, zirconia, silicon carbide, and aluminum and silicon nitride. They are widely used in rotors, combustors, furnace heaters, hot gas filtration, fuel cell membranes, gas turbine airfoils, diesel engine filters, and fuel injectors.
As compared to conventional ceramics, advanced ceramics have higher strength, stability, abrasion and chemical resistance, and can withstand extreme temperatures. They are also cost-effective and lightweight, offer high performance, improve productivity, and reduce operating costs. As a result, advanced ceramics are extensively used in aerospace, defense, industrial processing, and power generation industries.
The global advanced ceramics market is primarily being driven by significant growth in the electrical and electronics industry. Advanced ceramics are widely used to produce various electronic components, such as transistor dielectrics, insulators, capacitors, integrated circuit (IC) packages, and piezoelectric components.
Apart from this, increasing product demand in the automotive industry to manufacture spark plugs, clutches, engine filters, sensors for electronic controls, and heat-resistant engine parts is providing a considerable boost to market growth. Additionally, the introduction of advanced ceramics produced from eco-friendly processes and naturally occurring minerals due to the rising concerns regarding environmental degradation is providing an impetus to market growth.
Moreover, the widespread product adoption for manufacturing components of various emerging and energy-intensive technologies, such as artificial intelligence (AI), Internet of things (IoT), and fifth generation (5G) telecommunication, due to its durability, low power consumption, non-volatility, and high speed is acting as another growth-inducing factor.
Besides this, extensive product utilization in the medical industry, continuous research and development (R&D) activities, and rising product incorporation in military armor and protection equipment are supporting the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global advanced ceramics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material type, class type and end use industry.
Breakup by Material Type:
- Alumina
- Titanate
- Zirconia
- Silicon Carbide
- Others
Breakup by Class Type:
- Monolithic Ceramics
- Ceramic Coatings
- Ceramic Matrix Composites
- Others
Breakup by End Use Industry:
- Electrical and Electronics
- Medical
- Transportation
- Defense and Security
- Chemical
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in This Report:
- How has the global advanced ceramics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global advanced ceramics market?
- What are the key regional markets?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the class type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global advanced ceramics market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/cqio9s
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