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Global Advanced Ceramics Market is expected to grow at a CAGR of 9.91% during the forecast period from 2019-2025
Global Advanced Ceramics Market 2019, Global Advanced Ceramics Market Growth, Global Advanced Ceramics Market Trends and Analysis,
"Advanced CeramicsMarket by Material (Titanate, Alumina, Zirconium, Silicon Carbide, Others), Class, End User Industry, Regions",and Global Forecast 2018-2025
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Key players in the global advanced ceramics market are Kyocera Corporation, CeramTec GmbH, Coors Tek Inc., Saint-Gobain Ceramic Materials, and Morgan Advanced Materials Plc, McDanel Advanced Ceramic Technologies, Ceradyne, Inc., Rauschert Steinbach GmbH, Murata Manufacturing Co., Ltd., Mantec Technical Ceramics Ltd., ENrG Inc., MaruwaCo.Ltd., Central Electronics Limited, PI Ceramics, Sensor Technology Ltd, Sparkler Ceramics Pvt. Ltd., APC International Ltd, and among others. In order to compete effectively and stay ahead in the market, major firms are heavily investing on the research and development activities. For instance Coors Tek in 2018, announced the opening of their new research and development center in Uden, The Netherlands. This new research facility is dedicated to developing advanced ceramics capabilities to support CoorsTek customers around the world.
Materials segment is divided into alumina, silicon carbide, zirconia, titanate, and others. Alumina segment led the global advanced ceramics market with a 37.42% share of revenue in 2017. Factors such as low cost of production, suitability over a wide range of application were the principal driving factors for this increased market growth. On account of their ability to endure high mechanical stress as well as high electrical voltage, zirconia ceramics are widely used in the electrical and electronics industry. Thus Zirconia segment is projected to grow at an accelerated CAGR of 11.79% over the forecast period. The class segment is categorized into monolithic ceramics, ceramic matrix composites, ceramic coatings, and others. Ceramic coatings segment is anticipated to grow at the highest CAGR of 11.37% over the forecast period. On the basis of their property for excellent corrosion resistance, the ceramics coatings are widely used in the various end user industries such as electrical & electronics, transportation, and defense & security. End user industry is segmented into electrical and electronics, transportation, medical, environmental, chemical, defense & security, and others. On account of their superconducting, semiconducting, magnetic and piezoelectric properties advanced ceramics have found a huge application value in the manufacturing of the phones, television, and computers, among others. Thus electronics and electrical segment emerged as the largest with a 46.61% share of revenue in 2017.
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Although the factors such as the growth of the electrical and electronics industry, rising call for the replacement of conventional metals with advanced ceramics are driving the market. The high raw material cost and restrictions on the mining of the raw materials are expected to present the major roadblocks for the growth of the market.Development of cost effective production technologies and increasing investment on research and development will create new opportunities for the market growth in future.
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