Global Advanced Ceramics Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023
The global advanced ceramics market is projected to grow at a CAGR of 6.6% during2016-2023. Growth in bio ceramics applications in medical sector is one of the driving factors which are driving the growth in global advanced ceramic market such as dental implants, hip joints replacement, and in replacement of knee joints. Hydroxyapatite is a form of bio ceramics. Hydroxyapatite is a naturally occurring mineral of calcium apatite. Hydroxyapatite used in dental surgery due to various properties such as resistant to fracture and derived from tooth enamel.
In automotive industry, rising efficiency standards which will drive demand for advanced ceramic filters and also for ceramic engine. High-pressure, high temperature operating conditions in blast furnace in chemical industry which will further boost the ceramic demand. Advanced ceramics are used in linings of blast furnace and reactor in chemical industry due to property that strength of advanced ceramics is maintained at such high temperature and pressure. Amongst various forms of ceramics, alumina is used particularly in the electronic industry due to properties such as high modulus, wear resistance, and chemical inertness. Electronic devices market is the major application segment in 2015 which accounted for over USD 18 billion of the market. They have a wide usage in insulating material, superconducting, and semiconducting applications.
On the basis of market segmentation it is categorized in three types by material type, class, end user industry. On the basis of material type it is categorized in Alumina Ceramics, Titanate Ceramics, Zirconia Ceramics, and Silicon Carbide, Others (Aluminum Nitride, Silicon Nitride, Pyrolytic Boron Nitride, and Magnesium Silicate). Monolithic Ceramics Ceramic Matrix Composites, Ceramic Coatings and others. On the basis of end user industry it is subdivided in Electrical & Electronics, automotives, Medical, aerospace, Defense & Security, building & construction, Environmental, Chemical, others.
On the basis of geographical segmentation, the advance ceramic market is segmented into Asia-Pacific, North America, Europe, and rest of the world. Asia Pacific contributed to over 30% of the global advanced ceramic industry in 2015.The inclusion of the innovative technologies which includes nanotechnology in the major manufacturing countries of the Asia pacific region which includes countries such as Japan, south Korea and china are expected to drive the electronics market which in turn will boost advanced ceramic market industry growth over the next decade.
Vesuvius PLC NSG group, Kyocera Corp, Blasch Precision Ceramics Inc., Murata Manufacturing Co. Ltd, Corning Inc., AGC group, CoorsTek, Saint-Gobain Ceramic Materials, Advanced Ceramic Manufacturing, Rauschert Steinbach GmbH, Mcdanel Advanced Ceramic Technologies LLC, Morgan Advanced Materials, and CeramTec are some of the major key players of global advanced ceramic market. CoorsTek is the major player in the North American region and announced the acquisition of Covalent Materials, Japanese engineered advanced ceramics manufacturer. With this strategic acquisition now it has portfolio of over 300 materials, including alumina, silica etc. CoorsTek it has announced the formation of Coorstek membrane sciences which is a producer of ion-conducting ceramic membranes which has a major use in direct gas to gas chemicals and gas to liquid conversion applications. CoorsTek also develops and manufacture ceramic micro channel heat exchanger.
Please note: The delivery time for the electronic version of this report is between 1-3 business days to allow the preparation of an updated version prior to dispatch.