Fior Markets Research launched a study titled“Advanced Ceramics Market by Material (Titanate, Alumina, Zirconium, Silicon Carbide, Others), Class, End User Industry, Regions”,and Global Forecast 2018-2025
The global advanced ceramics market is expected to grow from USD 66.47 Billion in 2017 to USD 141.53 Billion by 2025, at a CAGR of 9.91% during the forecast period from 2018-2025. Based on their excellent hardness, physical stability, extreme heat resistance, chemical inertness, biocompatibility, superior electrical properties, the advanced ceramic materials are witnessing a growing demand from the various industries such as heavy machinery, automotive, energy, healthcare and defense.
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Alumina segment had a market value of USD 24.87 billion in 2017
Materials segment is divided into alumina, silicon carbide, zirconia, titanate, and others. Alumina segment led the global advanced ceramics market with USD 24.87 billion revenue in 2017. Factors such as low cost of production, suitability over a wide range of application were the principal driving factors for this increased market growth. On account of their ability to endure high mechanical stress as well as high electrical voltage, zirconia ceramics are widely used in the electrical and electronics industry. Thus Zirconia segment is projected to grow at an accelerated CAGR of 11.79% over the forecast period.
Ceramic coatings segment is anticipated to grow with thehighest market share of 38.04%during the forecast period
The class segment is categorized into monolithic ceramics, ceramic matrix composites, ceramic coatings, and others. Ceramic coatings segment is anticipated to grow with the highest market share of 38.04% during the forecast period. On the basis of their property for excellent corrosion resistance, the ceramics coatings are widely used in the various end user industries such as electrical & electronics, transportation, and defense & security.
Electrical and electronics segment had a market value of USD 30.98 billion in 2017
End user industry is segmented into electrical and electronics, transportation, medical, environmental, chemical, defense & security, and others. On account of their superconducting, semiconducting, magnetic and piezoelectric properties advanced ceramics have found a huge application value in the manufacturing of the phones, television, and computers, among others. Thus electronics and electrical segment emerged as the largest with USD 30.98 billion revenue in 2017.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Increasing per capita income has led the Asia Pacific region to generate an unabated demand for the electrical home appliances and personal electronics devices. Thus Asia Pacific region is expected to grow at a CAGR of 12.24% over the forecast period.
Key players in the global advanced ceramics market are Kyocera Corporation, CeramTec GmbH, Coors Tek Inc., Saint-Gobain Ceramic Materials, and Morgan Advanced Materials Plc, McDanel Advanced Ceramic Technologies, Ceradyne, Inc., Rauschert Steinbach GmbH, Murata Manufacturing Co., Ltd., Mantec Technical Ceramics Ltd., ENrG Inc., MaruwaCo.Ltd., Central Electronics Limited, PI Ceramics, Sensor Technology Ltd, Sparkler Ceramics Pvt. Ltd., APC International Ltd, and among others.
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