Advanced Ceramics Market - Global Industry Analysis 2018 – 2023 | Exclusive Manufacturers - CeramTec GmbH, CoorsTek, Saint-Gobain Ceramic Materials, Morgan Advanced Materials Plc, 3M Company, Dyson Advanced ceramics Limited and NGK Spark Plug Co.

Global Advanced Ceramics Market – Overview

Advanced Ceramics bearing a little resemblance to their origins, exhibit unique and amazingly powerful physical, thermal and electrical properties that make them suitable to be used in the development and manufacturing of a wide range of Ceramic Materials that exhibit special properties. These ceramics cater growing requirements of various end-use industries such as Electricals & Electronics, Machinery, Automotive, Pharmaceuticals, and Defense, among others.

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Due to the advanced properties they possess, such as toughness, high tensile strength, thermal stability, ballistic protection and corrosion resistance, Advance Ceramics perceive a huge demand mainly from the electrical, electronics and packaging sector. The high uptake and augmented demand escalate the market of these ceramics on the global platform driving it pervasively.

Considering the rapid market expansion, & the growth potential the market holds, Market Research Future (MRFR) recently published an in-depth study report, giving out the complete market insights for the period 2017 – 2023. In its analysis MRFR asserts that the Global Advanced Ceramics Market is forecasted to grow exponentially by 2023, registering a staggering CAGR during the review period.

The Automotive industry is contributing at large, to the growth of ceramic coatings market. A large number of new product development, and expansions enhance the strong growth of this market in the near future. Advanced Ceramics reduces static build up, ensures quality control in electronics applications. Specific applications will drive growth in the aerospace, automotive, chemical industry and other industrial sectors increasing overall demand for the product.

Global Advanced Ceramics Market – Competitive Analysis

The Global Advanced Ceramics Market is well-established. Matured players with the presence in the international and regional market; illustrate the market as highly competitive yet consolidated. Those players compete based on innovation, product features, quality, cost, and financial stability. To maintain their market position and to drive the market growth, these players are focusing upon developing their product portfolio with the help of advance technologies.

Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players. Major players are investing on internal R&D and, most of all, in acquiring other firms. Prominent vendors of Advanced Ceramics are targeting to invest more in technology and research and development activities to innovate their already existing products. These vendors strive to deliver high-purity Advanced Ceramics (product) that manufactured to the highest standards. They manage their business by laying emphasis on innovation, productivity, safety, performance, and results.

Global Advanced Ceramics Market – Regional Analysis

Asia-Pacific region emerging as the most promising market for Advanced Ceramics globally accounted for the largest market share in 2016. Witnessing the increasing sales in the industries such as Electricals & Electronics, Machinery, Automotive, and Pharmaceuticals, is projected to continue its lead throughout the review period as well.

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Moreover, growing population and the increasing per capita income are primarily driving the growth of the Advanced Ceramics Market in the countries such as India and China, giving Asia-Pacific a competitive advantage over other regions. Furthermore, increasing demand for Advanced Ceramics in the automobile and electronics industry, mainly in countries such as China, Japan, and India, is boosting the regional market growth.

Also, competitive manufacturing cost, favourable government regulations are some of the key drivers, contributing to the market growth. Additionally, the growing defense budget coupled with the increasing application areas of Advanced Ceramics in modern armor accounts for the growth substantiating factors for the regional market.

North America region is another lucrative market for Advanced Ceramics in the global space, owning a substantial market share. Perceiving a huge demand from the automotive industry backed by the presence of automobile companies such as Ford, General Motors, and Fiat Chrysler, the Americas market is anticipated to grow significantly during the review period.

The US, accounting for one of the five largest commercial vehicle manufacturing countries stands as the primary growth driver for the regional market. Furthermore, increasing uptake of the product in some of the well-developed end-user industries such as pharmaceutical, electrical & electronics, the US and Canada account for the major countries contributing to the regional market growth.

Europe, market accounting for the third largest market for Advanced Ceramics, is poised to witness steady growth in the next six years. Well-established electrical & electronic and automobile industry coupled with the growing application in implanted devices, ultrasonic cleaners, and radiation therapy equipment is further augmenting the growth of the market.

Growing markets in the countries such as Russia, Germany, and the Netherlands, backed by the increasing defense investment in the European region predominantly drives the regional market growth.

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