Global Advanced Ceramics Market
The global advanced ceramics market is expected to reach USD 9.5 billion by 2020 record a CAGR of 7% during the forecast period from 2015 to 2020.
This global advanced ceramics market is driven by a number of factors, such as the growing demand from various applications, increased usage as an alternative to metals and plastics and also these advanced ceramics are environment friendly and reliable for use. However, this market faces certain drawbacks such as slower adoption in new applications which will affect the advanced ceramics market and also there are recyclability and reparability issues related to advanced ceramics. These materials are costlier when compared to metals and alloys and high cost association of these advanced ceramics are the factors that may act as a roadblock to the advanced ceramics market growth.
The global advanced ceramics market report takes the following major end-user sectors were taken into consideration, medical field, transportation, electronic sector, defense & security, chemical, industrial machinery and others. The electronics market is one of the largest end-user industries of advanced ceramics and the trend is expected to continue in the near future. Medical products are significant consumers of advanced ceramics market due to its increasing use in manufacturing joint implants and in-dental procedures and also the growing demand for high pressure and high temperature environment has further augmented the growth of the advanced ceramics market. Also, rise in defense manufacturing in emerging economies including India and China has played a major role in growth of the market.
Advanced ceramics market has been segmented according to the material type into alumina, titanate, zirconia, silicon carbide, aluminium nitride, silicon nitride, magnesium silicate, pyrolytic boron nitride. They are also segmented on the basis of product type into monolithic ceramics, ceramic matrix composites and ceramic coatings. Monolithic ceramics are the most dominant ceramics on account of their enhanced performance characteristics including high dimensional stability, high strength, durability, flexibility and toughness. Ceramic matrix composites are extensively used in automobile and industrial machinery applications. In addition, they are also used in various space applications including heat resistant tiles and in manufacturing of transport equipment for space shuttles.
The global advanced ceramics market has also been geographically segmented into Asia-Pacific, North America, Europe, and South America. In terms of consumption, Asia-Pacific is the fastest growing market for advanced ceramics accounting for a major share of about 40% of the total market, where China and India being the fastest growing market followed by Japan, South Korea where consumption is growing steadily. The main driving factor of the market in China is due to population growth and government initiatives to promote industrial growth. Also, increase in defense manufacturing and increasing demand for automobiles in emerging economies are the major driving factors for the growth of advanced ceramics in Asia Pacific region. U.S.A and China are major countries for advanced ceramics consumption, followed by Germany, France, Japan, and U.K. which are other key markets for advanced ceramics consumption.
There is an increasing demand of advanced ceramics from various end user industries and used in several new applications such as photovoltaic modules, wind turbines and pollution control and also due to the growth of nano technology and due to recovery of infrastructure sectors, there is a constant increase in the demand for advanced ceramics which may result in higher growth rates leading to increase in the advanced ceramics manufacturers. Some of the major companies dominating global advanced ceramics market for its products, services, and continuous product developments are:
Applied Ceramics Inc.
COI Ceramics Inc.
Saint-Gobain Ceramic Materials
Key Deliverables in the Study
Analysis for the global advanced ceramics market, with region specific assessments and competition analysis on global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global Advanced Ceramics market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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