Advanced Ceramics Market Trends 2020 By Regional Players Kyocera Corporation, CoorsTek Inc., CeramTec GmbH, Morgan Advanced Materials PLC, Saint-Gobain Ceramic Materials
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The material is are extensively utilized in the medical industry for making joint implantation as well as dental implants, owing to excellent product properties such as chemical inertness and low wear resistance. With reliable properties and environment friendly nature, application scope for as an alternative for plastics and metals is rapidly expanding. This is expected to create lucrative opportunities for advanced ceramics industry players in the future.
Silicon carbide segment is forecast to showcase immense traction over the analysis period owing to exceptional product properties such as high strength, low weight, exceptional thermal shock resistance, high chemical resistance, high wear resistance, and low thermal expansion. With these impressive properties, the product is preferred in various end-use industries including electrical & electronics, medical and transportation.
The North America region is predicted to rise at a reasonable CAGR by the end of the forecast timeframe. The market is highly driven by healthcare and electronic industry, rising research and development for implementing better technology and developing high quality product is growing the regional market over the forecasted period. North America's mature market is highly competitive, which is further enhancing the product portfolio with innovative technology. Latin America and Europe are projected to expand at a CAGR during the forecast timeframe.
Top key Players -
o Kyocera Corporation
o CoorsTek Inc.
o CeramTec GmbH
o Morgan Advanced Materials PLC
o Saint-Gobain Ceramic Materials
Increasing use of advanced materials as an alternative to plastics and metals and positive application outlook in the medical sector will drive global advanced ceramics market trends over the coming years. Advanced ceramics are inorganic, non-metallic material synthetically produced by utilizing purified and refined powder. These ceramics were engineered to overcome the limitation of conventional ceramics and to form a superior material with value added properties.
Electrical & electronics as an end-use industry will dominate advanced ceramics demand over the next decade. The demand will keep escalating as the electrical & electronics products witness booming consumption across the globe and the material offers superior properties such as high resistance from corrosion and low thermal expansion as compared to plastics and metals.
In terms of geographical expansion, APAC is likely to evolve as one of the most significant remuneration grounds. Advanced ceramics market across the region is well established and has a vast distribution network. China is likely to lead the APAC advanced ceramics industry owing to its large industrial base. India is forecast to register a significant growth rate in terms of the material demand over the analysis period.
Prominent players contributing towards global advanced ceramics market size are Kyocera Corporation (Japan), CoorsTek Inc. (U.S.), CeramTec GmbH (Germany), Morgan Advanced Materials PLC (U.K.) and Saint-Gobain Ceramic Materials (U.S.). These players are investing heavily in capacity expansion, product innovation and R&D activities to cater to growing product demand.
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