Advanced Ceramics Market Research Report

 

Growth opportunities in the Advanced Ceramics market look promising over the next six years. This is attributed to the increasing demand from the end-users industries such as medical and renewable energy, followed by the advancement in electronics sector and the strong demand for modern consumer electronics appliances.

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Advanced Ceramics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The key driver that is responsible for the growth of the global advanced ceramics industry includes the increasing demand from end-use industry verticals such as renewable energy, medical, others. Moreover, the advanced ceramics is an ideal material which play the role of the carrier that holds and transports blood in diagnostic equipment owing to its biocompatibility. There has been an increase in the demand for clean technology is further contributing to the market growth. In the U.S., the advanced ceramics market is growing due to the increasing demand especially in the electronics industry, where advanced ceramics has applications including in-circuit carriers, substrates, and other materials.

Advancements in electronic industry followed by the increasing demand for modern consumer electronics appliances is further growing the market's demand. For example, greater wear resistance, high pressure and temperature resistance, and compressive strength are the resistance properties of advanced ceramics, which are promoting the customers to move towards the adoption of type of ceramics. In addition to this, the rising use in photovoltaic modules wind turbines, and pollution control applications and the growing usage of silicon carbide (SiC) and gallium nitride (GaN) are further driving the growth of the advanced ceramics market size.

Regional Drivers

Based on the region, Asia-Pacific is projected to witness a faster CAGR over the forecast period. This is mainly due to the increasing investments in the manufacturing sectors in developing economies which include China, India, and Japan. According to the IBEF, India's manufacturing industry has one of the high growth sectors, with the gross value added (GVA)of the sector is expected to be USD 397.1 billion for FY 2020.

Japan is considered as a leading country to manufacture video cameras, compact discs, photocopies, fax machines, cell phones, and other computer components. The Japanese government has approved the growth strategy, called "Rebirth Strategy for Japan", which emphasis on increasing the manufacturing industry. Moreover, the increasing focus on the medical industry will surge the demand for medical devices.

Advanced Ceramics Market’s leading Manufacturers:

·        KYOCERA Corporation

·        CeramTec GmbH

·        CoorsTek Inc.

·        Saint-Gobain

·        Morgan Advanced Materials plc

·        Ceradyne Manufacturing

·        Advanced Ceramic Manufacturing

·        Blasch Precision Ceramics Inc.

·        McDanel Advanced Ceramic Technologies

·        Rauschert GmbH

Advanced Ceramics Market Segmentation:

Segmentation by Material:

·        Alumina Ceramics

·        Titanate Ceramics

·        Zirconia Ceramics

·        Silicon Carbide

·        Others

Segmentation by End-use Industry:

·        Electrical & Electronics

·        Transportation

·        Medical

·        Defense & Security

·        Environmental

·        Chemical

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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