Press release
Advanced Ceramics Market Size, Growth Strategies, Competitive Landscape, Factor Analysis, 2021-2028
Advanced Ceramics Market
The global advanced ceramics market size reached USD 9.91 Billion in 2020 and is expected to register a revenue CAGR of 4.7%, during the forecast period, according to latest analysis by Emergen Research. Major factors driving market revenue growth include rising demand for advanced ceramic for high-performance characteristics, as well as increased use of advanced ceramic in the defense industry. Increasing advancements in nanotechnology are expected to boost revenue growth of the market going ahead. The need for lighter armor material and engine parts, wherein lower weight of composite materials is essential, is increasing rapidly. Various businesses are looking to develop more fuel-efficient aircraft. As a result, advanced ceramics components are expected to be used in the manufacture of new aircraft engines. Aircraft manufacturers are also focused on advanced ceramics as a replacement for traditional alloys and metals. Aside from the aerospace sector, defense equipment makers are focusing on lighter and high fracture durability armor materials for defense applications and vehicles.
However, higher cost of advanced ceramics than for alloys and metals and lower adoption rate of advanced ceramics for newer applications are factors expected to hamper growth of the global advanced ceramics market over the forecast period. Introduction of a certain advanced ceramic materials into newer applications is seen as a significant obstacle for market growth. The danger is mostly caused by a lack of customer awareness and trust in ceramic materials. Advanced ceramics are commonly considered good materials for high-end applications in the aerospace and defense sectors, but their use in low-cost applications, including component production in the electronics industry, is still being explored. Because of the high cost of such ceramics, many are unsuitable for these low-cost applications.
The latest market intelligence report broadly assesses this ever-evolving business sphere and simultaneously elaborates on the production and consumption aspects. The study analyzes numerous indispensable factors, including market growth drivers, opportunities, restraints, and challenges, which are presumed to impact the global market growth in the next few years. The SWOT and Porter's Five Forces analyses performed in this report assist the reader in understanding the competitive hierarchy of the Advanced Ceramics market. Furthermore, the latest document is furnished with the current market scenario impacted by the COVID-19 pandemic. It gradually unfolds the pandemic's adverse economic effects on this business sector. The lethal viral outbreak has cost countless lives worldwide, alongside causing major disruptions to the global economy and this particular industry
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Leading companies profiled in the report are:
CeramTec GmbH, 3M Company, CoorsTek, Inc., Morgan Advanced Materials plc, Kyocera Corporation, Saint-Gobain Ceramics & Plastics, Inc., Ceradyne, Inc., Ortech, Inc., COI Ceramics, Inc., and Materion Corp.
Advanced Ceramics Market Segmentation by product type and Applications
Emergen Research has segmented the global advanced ceramics on the basis of product, material, application, end-use, and region:
Product Outlook (Volume Tons, Revenue, USD Billion; 2018-2028)
Ceramic Coatings
Monolithic
Ceramic Matrix Composites
Ceramic Filters
Others
Material Outlook (Volume Tons, Revenue, USD Billion; 2018-2028)
Ferrite
Titanate
Alumina
Zirconate
Silicon Nitride
Silicon Carbide
Aluminum Nitride
Application Outlook (Volume Tons, Revenue, USD Billion; 2018-2028)
Catalyst Support
Engine Parts
Bio Ceramics
Electrical Equipment
Wear Parts
Electronic Devices
Filters
Others
End-use Outlook (Volume Tons, Revenue, USD Billion; 2018-2028)
Transportation
Automotive
Electrical & Electronics
Machinery
Medical
Environmental
Defense & Security
Chemical
Others
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Advanced Ceramics Market Key Highlights
Zirconate segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Zirconate is a key material because it has dielectric and ferroelectric characteristics, and increasing demand for zirconate in the electronics sector has been increasing steadily. Additionally, its capacity to withstand tensile strain as well as high electrical power makes it suitable for use in actuators, ultrasonic transducers, FRAM chips, and capacitors.
Catalyst support segment is expected to register a significantly robust revenue growth rate over the forecast period. Advanced ceramics are utilized in this application because these resist corrosion in harsh chemical conditions, help decrease particle pollution, and have excellent purity properties. These also provide advantages like perfect dimensional tolerance and virtually eliminating hot spots.
Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to increasing population, rapid urbanization, technical advancements, including 5G and IoT, and supportive government policies.
Key Reasons to Buy This Report:
The report presents a thorough examination of the Advanced Ceramics market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
The report is inclusive of an in-depth study of the industry variables, manufacturers' value chain, sales volume, market share, competitive landscape, and effective business tactics.
The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
Major Regions Covered in the Advanced Ceramics Market Report:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
In conclusion, the report provides a qualitative and quantitative analysis of the Global Advanced Ceramics market, including the global and regional analysis of the market. The study covers critical information and factual data about the Advanced Ceramics market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Advanced Ceramics market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Advanced Ceramics market industry.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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