The global advanced ceramics market is segmented by material into alumina ceramics, titanate ceramics, zirconate ceramics, ferrite ceramics, aluminum nitride, silicon carbide and silicon nitride; by end-user industries into medical, electrical & electronics, automotive and others and by regions. Advanced Ceramics Market is anticipated to mask a CAGR of 8.1% during the forecast period i.e. 2018-2027.
Currently the global advanced ceramics market is observing a vibrant growth owing to increasing demand of high quality advanced materials in the market. Advances in medical industry in the past few years and growing technological explorations are projected to drive advanced ceramics market besides the wide range of functions of advanced ceramics in an immense range of products such as rods and tubes, advanced ceramic nuts, washers, ball bearings, screws, plates and more during the forecast period.
As an alternative to plastics in medical & industrial devices manufacturing, North America is panned to observe substantial advanced ceramics market growth due to rising usage of advanced ceramics. North America is predicted to be followed by Asia-Pacific in terms of consumption due to expanding advanced ceramics requirements in electrical and electronics, medical, automotive, and various other industries. Europe is expected to drive demand and positively impact advanced ceramics market growth over the forecast period owing to increasing advanced ceramics application for various industrial equipment manufacturing processes. However, weak economic conditions in countries such as Russia, Spain and others is expected to showcase a more modest growth of the advanced ceramics market across the region over the forecast period.
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Growing Applications due to Resistive Properties
Advanced ceramics provides higher strength, wear resistance, hardness, thermal stability and corrosion resistivity that make them the more attractive choice over other materials which are predicted to drive the advanced ceramics market at a sturdy pace. Moreover, extensive thermal, physical and electrical properties offered by these materials makes them highly durable and reliable for manufacturing equipment in various industries.
Rapid Economic Development
Rapid industrialization has resulted in economic development leading to thriving manufacturing sector demanding for advanced technological products is expected to boost the advanced ceramics market across the globe.
However, higher cost of advanced ceramics over alloys and metals is estimated to serve as a major restraint in the adoption and expansion of the advanced ceramics market over the forecast period.
The report titled “Global Advanced Ceramics Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Advanced Ceramics market in terms of market segmentation by material, by end-user industries and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global Advanced Ceramics market which includes company profiling of Advanced Ceramics Ltd., Kyocera Corporation, CeramTec GmbH, CoorsTek Inc., Saint-Gobain Ceramic Materials, Morgan Advanced Materials Plc, COI Ceramics Inc., Ceradyne Inc., Corning Incorporated and H.C. Starck Gmbh. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Advanced Ceramics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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