Global Advanced Ceramics Market - Segmented by Type, End-User Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)

SKU ID : INH- 12344729

Publishing Date : 05-Apr-2018

No. of pages : 141

PRICE
4250
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  • The global advanced ceramics market was valued at USD 75.34 billion in 2017. This market is expected to reach USD 104.16 billion by 2023, registering a CAGR of 10.81% over the forecast period, 2018-2023. Asia-Pacific is expected to lead the market owing to its rapid growth in the healthcare industry. Advanced ceramics are high strength and highly developed ceramic materials that are primarily lightweight, non-metallic, organic, and corrosion-resistant. These have been developed in the last 50-60 years and have bypassed the use of conventional ceramics.

    Soaring Demand from Ceramic Matrix - Composites Segment

    The increasing use of advanced ceramics as an alternative to metals and plastics and increasing demand from the medical industry drive this market. However, factors such as high cost and recyclability issue may hinder the growth of the market. Ceramics that include fabrication and polycrystalline microstructures without the reinforcement process are referred to as monolithic ceramics. Monolithic ceramics are the major product type of advanced ceramics market worldwide.

    Asia-Pacific Region to Lead the Market

    Asia-Pacific is expected to maintain its dominance during the forecasted period, followed by North America and Europe. Furthermore, there is an increase in the use of nanotechnology and higher application in wind turbines and pollution control applications.

    Notable Developments in the Market:

    March 2018: 3D printed ceramics reduce cost as well as lead times for complex aerospace parts.
    Feb 2017: Ceram Tec announced acquisition of the UK Morgan Advanced Materials’ electro-ceramics business.
    Jan 2016: Saint-Gobain and Corning Incorporated announce new joint venture to produce lightweight glazing for the automotive market.
    Major Players: Advanced Ceramics Ltd, COI Ceramics Inc., CoorsTek Inc., Ceradyne Inc., Kyocera Corporation, and Corning Incorporated, amongst others.

    Reasons to Purchase the Report

    To understand the impact of end-user applications on the market
    Analyzing various perspectives of the market with the help of Porter’s five forces analysis
    To understand the dominating technology in the market
    Countries expected to witness the fastest growth during the forecast period
    Identify 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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    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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