The advanced ceramics market was worth around USD 8.59 billion in 2021, with a CAGR of 6.4% expected throughout the projected period. Advanced ceramics are made from highly purified and refined powders synthesized through chemical processes or high temperatures.
Advanced ceramic, also known as technical ceramic, has higher magnetic, optical, thermal, and electrical conductivity. With the use of sophisticated ceramics that deliver great efficiency to end goods, end users have been able to minimize their manufacturing and energy expenses. In terms of consumption, Asia Pacific is the world’s main market for advanced ceramics.
One of the primary reasons projected to drive the worldwide advanced ceramics market growth throughout the forecast period is increased demand for advanced ceramics from various industries such as automotive, electronics, heavy machinery, cutting tools, energy, and military. Advanced ceramics are also used in the medical field. It is employed in the production of dental procedures and joint implantation. The increase is mostly related to its features such as damage tolerance, high-temperature resistance, and corrosion resistance.
Advanced ceramics are solids having inorganic and nonmetallic characteristics. Ceramics have a low coefficient of thermal expansion, great strength, and corrosion resistance, and are lightweight when compared to their traditional counterparts. Ceramics are a popular choice in a multitude of industries due to their features as well as their versatility.
The increasing use of sophisticated ceramics as a replacement for plastics and metals due to their constant qualities and eco-friendliness is predicted to boost industrial growth in the future. Increasing demand for electronic goods, combined with a fast-increasing electronics industry, is predicted to present advanced ceramics with new growth prospects.
Some of the key players operating in the global advanced ceramics include CERAMTEC, International Ceramic Engineering (ICE)., Kyocera Corp Corning Inc., 3M, Coorstek Inc., Rauschert Steinbach GmbH, Saint-Gobain Advanced Ceramics LLC, Murata Manufacturing Co. Ltd., Morgan Advanced Materials, Ceradyne Inc., Blasch Precision Ceramics Inc., Coors Tek, Materion Corporation. and COI Ceramics, Inc., among others.
Global Advanced Ceramics Market: Material Segment Analysis
Titanate
Alumina
Zirconia
Silicon Carbide
Global Advanced Ceramics Market: Class Segment Analysis
Monolithic Ceramics
Ceramic Coatings
Ceramic Matrix Composites
Global Advanced Ceramics Market: End-Use Industry Segment Analysis
Medical
Electrical & Electronics
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