Market Analysis
Advanced ceramics Market cater to the various end-use industries such as electricals electronics, machinery, automotive, pharmaceuticals, and defense, among others. Advance ceramics garner a huge traction owing to the enormous demand from the electrical, electronics and packaging industry.
The augmented demand and uses are some of the key driving forces escalating the advanced ceramics market on the global platform. Market Research Future (MRFR) in its recently published study report asserts that the revenue contribution of the advanced ceramics market is expected to increase by a substantial monetarily growth by 2023, registering a phenomenal CAGR during the period 2017 to 2023.
In the aerospace, automotive, chemical industry, some specific applications such as static build-up, ensuring quality controlled electronics applications foster the overall demand for advanced ceramics supporting the market growth exclusively.
Advanced ceramics also find its application in the burgeoning semiconductor industry where these ceramics protect semiconductors against the heat, chemical abrasion, and corrosion while providing enhanced thermal conductivity during the extreme manufacturing process.
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On the other hand, high costs associated with advanced ceramic is expected to impede the market growth, restricting its uses and encouraging the development of similar, low-cost product. However, increasing sales of advanced ceramics are supposed to define the market landscape.
Market Segmentation
Market Research Future report offers an all-inclusive segmental analysis of the advanced ceramics market on the basis of product types, materials and end users.
Based on product types, it is segmented into ceramic coatings, monolithic ceramics, ceramic matrix composites and others. Of these, ceramic coatings will have the largest share in the advanced ceramics market owing to its increasing use in various sectors such as aerospace, automotive, medical, environmental protection and fiber optic communication sector.
Based on materials, the advanced ceramics market is segmented into zirconate ceramics, ferrite ceramics, titanate ceramics, alumina ceramics and others. Of these, zirconate ceramics will have the largest market share over the predicted years owing to the increasing use of this compound in the automotive domain.
Based on end-users, it is segmented into military and defense, pharmaceuticals, automotive, electricals and electronics, machinery and others. Of these, the automotive segment will have the largest share in the advanced ceramics market owing to its rising utilization in making ceramic oxygen sensors.
Regional Analysis
The global market for advanced ceramics can be studied to understand the movement of the growth pockets that can be of great importance in the coming years. A detailed study of the market would help in understanding how the market is moving forward. The market in the Asia Pacific has the capability to score the fastest CAGR and it would gain traction mostly from the increasing per capita income and improving infrastructures in various industries that would trigger strong intake. End user industries are also profiting much from the steps and the automobile sector has better market provisions to explore higher possibilities in the coming years. Countries like India, China, and Japan can be taken into consideration as the growth of the automobile industry has the potential to fetch more demand on behalf of these countries.
North America’s growth would be determined by the presence of top-class car manufacturers and high intake of the tool in industries like military defense and the healthcare sectors owing to which growth in these regions would be substantial.
The European region has a lucrative market on offer with the robust automotive sector contributing strongly to the global market. There are several well-developed industries including the electrical electronics and automobile industry where strong growth for the global market is quite possible. The regional defense investment is also rising owing to which the intake for ceramic components is increasing.
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Competitive Landscape:
CoorsTek Inc. (U.S.)
Saint-Gobain Ceramic Materials (U.S.)
Kyocera Corporation (Japan)
CeramTec GmbH (Germany)
3M Company (U.S.)
Rauschert Steinbach GmbH (Germany)
Morgan Advanced Materials Plc (U.K.)
Superior Advanced Ceramics (U.S.)
Dyson Advanced ceramics Limited (U.K)
and NGK Spark Plug Co.
Ltd. (Japan)
are major companies impacting the global study of the advanced ceramics market. These companies are making their presence felt by implementing strategies that change the market scenario. Their moves mainly depend on mergers, acquisitions, collaborations, innovations, branding, launching strategies, and others. MRFR, to keep track of the changes and trends that can impact the market, has listed all the recent changes. This will also help in devising future moves to ensure easy growth.
Industry News:
The COVID-19 impact on the advanced ceramics market is expected to play a crucial role in changing the revenue-incoming pattern of the market. Several end user industries like automobiles and others have started suffering due to the lockdowns that got imposed in several countries and this inspired a cutting in production, implementation of the limited workforce, lack of demand, and others. Due to these, the intake graph changed significantly. However, countries have also started lifting bans, which may change the market scenario and help the market regain the lost ground to some extent.
In November 2019, SiCeram and Spectrum Filaments have announced that they are going to launch filaments for desktop 3D printers that made out of advanced ceramics.
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