Europe Advanced Ceramics Market - Segmented by Material Type, Class, End-User Industry, and Geography - Growth, Trends and Forecasts (2018 - 2023)
The Europe advanced ceramics market is estimated to register a CAGR of 9.71%, during the forecast period, 2018-2023. Germany is estimated to dominate the market in the region owing to the strong automotive and electronics industry. Electricals and Electronics industry to lead among other end-user industries.
Eco-friendly and Reliable for Use
Advanced ceramics provide low wear process control, reduce emissions, and ensure efficient use of energy and environmental technology resources. Advanced ceramics are fast replacing other abrasive materials in applications requiring a high level of wear and corrosion protection. These materials can withstand extreme temperatures and mechanical stresses in photovoltaic modules. Latest developments in the pollution control systems have advanced ceramic filaments and substrates as their backbone, for both mobile and stationary systems, like automotive, construction equipment, power plants, etc.
Electricals & Electronics Industry to Dominate the Market
In the European region, Germany is the largest producers of electronics and R&D intensive in the region. Advanced ceramics reinforce the electronics industry; the average aircraft is packed with electronics. Gradually, these electrical components, such as sensors, antennas, capacitors, and resistors, are getting smaller and more capable. Advanced ceramics have a wide-range of electrical properties, including insulating, semiconducting, superconducting, piezoelectric and magnetic. The production of cellular phones, portable computing devices, gaming systems and other personal electronic devices will continue to spark the demand for semiconductors, capacitors and other advanced ceramics-containing electronic components.
Germany to Lead the Market with Higher Share
The economy of Germany is the largest in Europe, with the fifth-largest GDP in the world. The increasing consumption in the public is driving the growth of the automotive, electrical & electronics while adding value to the growth of the advanced ceramics market. Foreign companies have better investment opportunities owing to the German policy to trade-off. The German electrical and electronics industry is the biggest in Europe and fifth largest, worldwide. Germany is recognized for its outstanding automotive industry and excellence in engineering, worldwide. The market for advanced ceramics in the country is expected to grow at a significant rate during the forecast period.
Notable Developments in the Market
March 2016: CoorsTek planned to invest $120 million to create a new Center for Advanced Materials in Golden, Colorado
Major Players: Kyocera Corp., CoorsTek Inc., Ceradyne Inc., Murata Manufacturing Co. Ltd., Corning Incorporated, among others.
Reasons to Purchase this Report
To understand the impact of increasingly stringent regulations on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the trends in end-user industries
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players.
3-month analyst support, along with the Market Estimate sheet (in Excel)
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