Advanced Ceramics Market is expected to reach USD 10.41 billion in 2021, and Market key payers - Kyocera Corporation, CeramTec GmbH, CoorsTek Inc, Saint-Gobain Ceramic Materials, Morgan Advanced Materials Plc, and Others

Advanced Ceramic Market Outline:

Advanced ceramics are manufactured to meet the requirements of many industries that depend on the unique properties of technical ceramics, such as electronics and the aerospace industry. Advanced ceramics are developed to overcome the limitations of traditional ceramics and to develop value-added properties. Advanced ceramics have properties such as corrosion resistance, high temperature stability and toughness required for a wide range of applications such as energy efficiency, ballistic protection, environmental protection, performance and life time.

Advanced Ceramic Market Value:

The Advanced Ceramic Market is expected to grow from USD 7.15 billion in 2015 to USD 10.41 billion in 2021, with a CAGR of 6.5% during the forecast period.

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Advanced Ceramic Market Drivers and restraints:

These products have become increasingly popular in recent years due to their advantages such as biodegradability, durability and high tensile strength. It is expected that the growing environmental concerns, along with the strict regulations imposed by governments in North America and Europe, will further stimulate product demand over the next eight years. The material is used in structural applications, including wear components, reinforcements, cutting tools and motors. High quality and performance are the main advantages of the advanced ceramics that drive them in many applications. The growth of the industry comes from both traditional and new applications.

The increasing use of advanced ceramics in automotive thermal engines, such as diesel components and gas turbines, implants and medical devices, industrial heat exchangers, and electro chemicals are expected to drive growth in the industry during the forecast period. It is expected that the widespread use of coated machine components, along with the growing preference of consumers for advanced coatings and advances in deposition processes, will open new industry opportunities for ceramic coatings during the forecast period. The main factors that probably question the growth of the sector include regulatory and environmental problems, as well as the competition of alternative materials.

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Detailed Segmentation of the Market Report:

Advanced Ceramics Market Analysis – By Product Type:

Oxide Ceramics
Alumina
zirconia
Non-Oxide Ceramics
Carbides
borides
Advanced Ceramics Market Analysis – By Application:

Electrical & electronics
Automotive
Machinery
Environmental
Medical
Others
Advanced Ceramic Market Geographical segmentation:

The Asia-Pacific region contributed more than 35% of the global industry's revenues in 2015 due to increased spending on consumer electronics, mainly in India and China. Factors such as competitive manufacturing costs, strong economic growth and the rapid development of end-use industries will continue to dominate the industry for the next eight years. North America is relatively mature and is characterized mainly by the development of new products and a growing preference for these products. In 2015, North America had a substantial share of global revenues. The United States is the largest industry for the use of products in the environmental and medical sectors of the region. However, it is expected that this region will lose its share in developing economies during the forecast period.

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Advanced Ceramic Market Key players:

Kyocera Corporation (Japan), CeramTec GmbH (Germany), CoorsTek Inc. (United States), Saint-Gobain Ceramic Materials (United States) and Morgan Advanced Materials Plc (United States) are among the main players in the Industry. Advanced ceramics Investments and extensions, as well as the development of new products, were the main growth strategies adopted by industry players to strengthen their regional presence and meet the growing demand for advanced ceramics in developing economies.

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