Advanced Ceramics Market by Material (Titanate, Alumina, Zirconia, Silicon Carbide), Class (Monolithic Ceramics, Ceramic Coatings, Ceramic Matrix Composites), End-Use Industry (Medical, Electrical & Electronics), and Region - Global Forecast to 2021
“Increasing use of advanced ceramics as an alternative to metals and plastics, and their rising demand in the medical industry are expected to drive the advanced ceramics market”
The advanced ceramics market is projected to reach USD 10.41 billion by 2021, at a CAGR of 6.5% during the forecast period. The growth of the advanced ceramics market can be attributed to the increasing use of these ceramics as an alternative to metals and plastics. Another factor driving the market is the rising demand for advanced ceramics in the medical industry for use in joint implantation and dental implants, owing to their excellent properties such as low wear resistance and chemical inertness.
“Based on material, the silicon carbide segment is expected to grow at the highest CAGR during the forecast period”
Based on material, the silicon carbide segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to its exceptional properties such as low weight, high strength, low thermal expansion, excellent thermal shock resistance, high wear resistance, and high chemical resistance. Due to these properties, it is preferred by various end-use industries such as electrical & electronics, transportation, and medical, among others.
“Based on end-use industry, the electrical & electronics segment is projected to lead the advanced ceramics market during the forecast period”
The electrical & electronics industry use advanced ceramics on a large scale. The demand for advanced ceramics is increasing from the electrical & electronics industry, owing to their superior properties such as excellent corrosion resistance and low thermal expansion as compared to metal and plastics.
This market value of advanced ceramics estimated in this study have been validated through primary interviews conducted with various industry experts globally. These primary sources have been divided under three categories, namely, company type, designation, and region.
By Company Type- Tier 1- 40%, Tier 2- 40%, and Tier 3- 20%
By Designation- C Level- 10%, Director Level- 50%, and Others- 40%
By Region- Asia-Pacific- 40%, North America- 30%, Europe- 20%,Middle East & Africa-6% and South America- 4%
“Asia-Pacific to lead the advanced ceramics market during the forecast period”
The advanced ceramics market in Asia-Pacific is well established and the region has a vast distribution network of advanced ceramics. China is projected to lead the Asia-Pacific advanced ceramics market, owing to its large industrial base. The India advanced ceramics market is projected to grow at the highest CAGR during the forecast period.
The report provides company profiles and competitive strategies adopted by major market players such as Kyocera Corporation (Japan), CeramTec GmbH (Germany), CoorsTek Inc. (U.S.), Saint-Gobain Ceramic Materials (U.S.), and Morgan Advanced Materials PLC (U.K.).
In the report, the advanced ceramics market has been segmented on the basis of material, class, end-use industry, and region. The objective of the study is to define, describe, and forecast the global advanced ceramics market on the basis of various segmentations, and to strategically analyze the market segments with respect to individual growth trends, future prospects, and contribution to the total market.
REASONS TO BUY THE REPORT
The report will aid market leaders/new entrants in this market in the following ways:
1. This report segments the advanced ceramics market comprehensively, and provides closest approximations for all market segments and subsegments across different verticals and regions.
2. This report will help stakeholders understand their competitors better and gain more insights about the business. The competitive landscape section includes investments & expansions, new product development, agreements & collaborations, and mergers & acquisitions.