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Advanced Ceramics Market 2018 | Application Analysis, Regional Outlook, Competitive Strategies & Forecast by 2021
Advanced Ceramics Market
Nov 2016: CeramTec announced the acquisition of UK electro-ceramics business from Morgan Advanced Materials that comprises of two production facilities in Ruabon and Southampton. The acquisition encompasses the sale of business, assets, and goodwill for enterprise value of USD 55 million.
Nov 2016: Kyocera Corporation showcased its latest innovations in engineered ceramics for high performance and mechanical applications at Materials Research Society’s Fall 2016 Meeting. The company aims at developing technologies and services that suit application requirements such as lightweight, thermal properties and abrasion resistance for end-use industries raning from medical to electrical, automotive, and renewable energy.
Advanced Ceramics Market - Competitive Analysis
The Global Advanced Ceramics Market is moderately consolidated and is largely driven by product innovation and technological up gradation. Companies such as CeramTec focus on developing application specific products and solution in order to cater to the intricate requirements of various application fields.
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Advanced Ceramics Market – Market Overview
Strong growth of electronics and semiconductor industry coupled with technological advancements is anticipated to boost Global Advanced Ceramics Market growth over the forecast period. Factors such as reliability and environmental friendliness of Advanced Ceramics is expected to further uplift market growth. The expansion of automotive manufacturing in Asia Pacific coupled with widening application scope is expected to fuel demand for advanced ceramics. They play an essential role in increasing safety, cost-effectiveness, and comfort in vehicle and automotive engineering.
Piezo-ceramic components play the role of sensors for electronic controls and deliver information related to engine process, position and changes in direction. Electrical components made from advanced ceramics react to such information and safety solutions such as ABS and ASR to release the airbags whenever required. Excellent properties such as lightweight, resistance to corrosion and non-metallic nature exhibited by advanced ceramics has fuelled their adoption in end-use industries such as electrical & electronics, medical and transportation.
In addition, increasing monolithic ceramics consumption in automotive application is further anticipated to positively influence industry growth over the forecast period. The growing demand for gasoline particulate filers in diesel cars is expected to provide lucrative opportunities to advanced ceramics industry participants to capitalize upon. New application areas such as fuel cells and batteries coupled with rising penetration of industrial internet of things (IOT) is expected to result in surge in demand for advanced ceramics over the forecast period.
Rapid industrialization along with significant investment in electrical & electronics industry, specifically in Asia Pacific and Latin America is slated to boost market growth at a rapid pace. Rising income levels in developing countries such as China, India, and Brazil has further bolstered the growth of end-use industries creating a positive influence on advanced ceramics consumption.
Electroceramics are the leading application segment and are expected to witness steady growth over the forecast period. Demand for ultrathin ceramic membranes in sensor technology is expected to be driven by growth of IOT Ecosystem. Furthermore, advancement in healthcare technology is also expected to benefit advanced ceramics demand. Increasing usage in applications such as joint implants and in-dental procedures is set to further uplift market growth significantly.
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