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)
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