Press release
Advanced Ceramics Market Revenue, Size, Share, Growth, Trends 2023 - CeramTec GmbH, CoorsTek, Saint-Gobain Ceramic Materials, Morgan Advanced Materials Plc, 3M Compan, Dyson Advanced ceramics Limited, Superior Advanced Ceramics and NGK Spark Plug
Advanced Ceramics Market to Perceive a Significant Growth by 2023
The augmented demand and uses are some of the key driving forces escalating the Advanced Ceramics Market on the global platform. Market Research Future (MRFR) in its recently published study report asserts that the revenue contribution of the Advanced Ceramics Market is expected to increase by a substantial monetarily growth by 2023, registering a phenomenal CAGR during the period 2017 to 2023.
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In the aerospace, automotive, chemical industry, some specific applications such as static build-up, ensuring quality controlled electronics applications foster the overall demand for advanced ceramics supporting the market growth exclusively.
Industry/Innovation/Related News:
August 18, 2018 – Ackuretta Technologies Pvt. Ltd. (Taiwan), a leading global manufacturer of high-precision, prosumer grade digital light processing 3D printers announced the launch of a new ceramic resin to create ceramic 3D prints which require high-resolution detail. The addition to Ackuretta’s Qura resin line and the new contender in the ceramic resin market, the pioneering material provides a unique, accessible solution for ceramic parts.
August 18, 2018 – Researchers at the City University of Hong Kong published their study of a ground-breaking advancement in materials they have successfully developed. Claimed as to be the world's first-ever 4D printing for ceramics, the new advanced ceramic is mechanically robust and can mend in to complex shapes. The invention will turn a new page in the structural application of ceramics.
Key Players:
The fervent players leading the Global Advanced Ceramic Market include CeramTec GmbH (Germany), CoorsTek Inc. (US), Kyocera Corporation (Japan), Saint-Gobain Ceramic Morgan Advanced Materials Plc. (UK), Materials (US), 3M Company (US), Rauschert Steinbach GmbH (Germany), Dyson Advanced ceramics Limited (UK), Superior Advanced Ceramics (US), and NGK Spark Plug Co., Ltd. (Japan).
Global Advanced Ceramics Market – Geographical Analysis
The Asia Pacific region is expected to continue with its dominance over the Global Advanced Ceramics Market due to the increased sales in the industries such as electrical & electronics, machinery, automotive, and pharmaceuticals in the region. India and China backed by the substantial consumption of the product in the electronics and automotive sector of those countries, account for the key driving force substantiating the market growth in the region.
Additional factors contributing to the market growth in the region are the competitive manufacturing cost, favorable government regulations, the rapidly increasing defense budget, and the increasing application areas of the product in the modern armors.
North America acquires the second-largest position in the market of the Advanced Ceramic, emerging as a lucrative market, globally. The presence of key automobile companies such as General Motors, Ford, and Fiat Chrysler, positively impacts the market growth in the region.
Additionally, the increasing uptake of the Advanced Ceramic in the other burgeoning end-user industries like electrical & electronics, and pharmaceutical contribute to the regional market growth majorly.
The Europe Advanced Ceramic Market is one of the promising markets too which is set to observe a modest growth by 2023. Factors substantiating the demand and market growth of Advanced Ceramic include the growing applications of the products in radiation therapy equipment, implanted devices, and ultrasonic cleaners.
Global Advanced Ceramics Market - Competitive Landscape
Matured players are investing in internal R&D while acquiring other promising firms. These well-established players operating in the Advanced Ceramics Market are targeting more investments in technology development and upgrading their existing products. These vendors strive to deliver the high-purity product that is manufactured to the highest standards.
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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