Advanced ceramics are manufactured to cater to the requirements of several industries including electronics and aerospace that depend on the unique properties of technical ceramics. Advanced ceramics are developed to overcome the limitations of traditional ceramics as well as to develop value added properties. The latest trend in this market is the use of alternatives like plastic and metals and growing demand in medical industry. Similarly, growing applications in electronics & electricals, transportation, medical, industrial, defense & security, chemical and others, are expected to drive the advanced ceramics market in the forecast years.
The Global Advanced Ceramics Market accounted for USD 7.83 billion in 2016 and is projected to grow at a CAGR of 6.7% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2019 to 2026.
This Market report provides with CAGR value fluctuation during the forecast period of 2019-2026 for the market. The report provides wide-ranging statistical analysis of the market’s continuous positive developments, capacity, production, production value, cost/profit, supply/demand and import/export.
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Major Key players profiled in this report are:
Ceradyne, Inc. (subsidiary of 3M), Applied Ceramics Inc., Blasch Precision Ceramics, Inc., Ceramtec, Coi Ceramics, Inc., Coorstek Inc., Corning Inc., H.C. Starck Gmbh, International Ceramic Engineering (ICE), Kyocera Corporation, Materion Corporation, Mcdanel Advanced Ceramic Technologies, Momentive Performance Materials Inc., Morgan Advanced Materials Plc, Murata Manufacturing Co. Ltd., Rauschert Gmbh, Saint-Gobain Advanced Ceramics LLC, Small Precision Tools Inc., Vesuvius Plc and many more.
Major Market Drivers:
- Increased use as an alternative to metals and plastics
- Increasing demand from the medical industry
- Environment friendly and reliable
- High cost of advanced ceramics material
The global advanced ceramics market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
- The advanced ceramics market is segmented on the basis of raw material type into alumina, titanate, zirconia, silicon carbide, aluminum nitride, silicon nitride, magnesium silicate, pyrolytic boron nitride and others.
- On the basis of class, the market is segmented monolithic ceramics, ceramic matrix composites, ceramic coatings and others.
- On the basis of end-user, the market is segmented electronics and electricals, transportation, medical, industrial, defense & security, chemical and others.
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