The Global Market for Advanced Ceramics is Projected to Reach US$ 79.7 Billion by 2022

Production Innovations and Expanding Applications Drive Demand for Advanced Ceramics, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Advanced Ceramics market. The global market for Advanced Ceramics is projected to reach US$ 79.7 billion by 2022, driven by technological advancements and expanding application markets.

Advanced ceramics, also known as technical ceramics, high-tech ceramics, and high-performance ceramics represent one of present day’s most alluring materials. These ceramics, characterized by superior biological, chemical, electrical and physical properties mainly find use in applications where improved performance, ballistic protection, environmental protection, energy efficiency and lower operating costs are desired. Demand continues to be dictated by the manufacturing sector as the materials are widely used in the production of industrial machinery, motor vehicles, electrical equipment, aircrafts and electronic components, among others. The market is also set to benefit from the emergence of new end-use applications supported by growing awareness of wide ranging benefits such as corrosion resistance, thermal resistance, and high mechanical strength, among others. New opportunities in the market will be guided by technological advancements and innovations enabling the materials to compete efficiently with conventional alternatives in the market.

Monolithic ceramics form the largest market segment with electronic and electric products representing the major end-use markets. The growing trend of miniaturization of electronic components continues to fuel new opportunities in the market. Use of monolithic ceramics as catalyst supports is expected to be driven by the growth in motor vehicle production. Ceramic Matrix Composites (CMCs) will witness strong demand, given their capability to retain temperature stability, and offer superior stiffness and fracture toughness. The market segment will continue to benefit from the growing use of CMCs in high temperature and corrosion applications. Given the growing focus on fuel efficiency and lighter components, CMCs are being developed for aircraft jet engines. Strong demand for piezoelectric devices due to trends such as industry automation, consumer demand for advanced electronic devices is expected to drive the market for piezoceramics. Other growth avenues for piezoceramics include medical electronics, and sensors. Smart ceramics and bioceramics are especially expected to witness ample opportunities for growth in the medical technology field.

As stated by the new market research report on Advanced Ceramics, Japan represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 7.4% over the analysis period, led by rapid industrialization and the ensuing expansion of the manufacturing sector, steady automobile production trends, and improved consumer spending in countries such as India and China.

Major players covered in the report include Applied Ceramics Inc., Ceradyne Inc., CeramTec AG, COI Ceramics Inc., CoorsTek Inc., Covalent Materials Corporation, International Ceramic Engineering, Materion Ceramics, Momentive, Kyocera Industrial Ceramics Corporation, Morgan Advanced Materials, and Murata Manufacturing Co. Ltd, among others.

The research report titled “Advanced Ceramics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets including US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil, and Rest of Latin America). The global and regional markets are analyzed by following product segments - Matrix Composites, Coatings, and Monolithic Ceramics, and end-use sectors - Chemical, Electrical, Electronic, Machinery, Transportation, and Others (Pollution Control, Armor, and Medical Products among Others).

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