Press Release

Advanced Ceramics Market Latest Innovations, Drivers, Dynamics And Strategic Analysis, Challenges

The growth in the global advanced ceramics market is primarily driven by the heavy demand for these ceramics in industries such as defense and security, automotive, medical, and electrical and electronics. Owing to their ability to demonstrate high efficiency, even in extreme weather conditions, these ceramics are widely integrated in various products and equipment used in these industries.

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Furthermore, the growing demand for defense equipment in countries such as India and China have benefitted the market growth in recent years. These ceramics are also used as membranes in the production of synthesis gas and in the medical industry for the manufacturing of joint implants and dental prostheses.

Advanced ceramics exhibit superior properties, such as electrical conductivity, chemical inertness, extreme heat resistance, and physical stability, as compared to ordinary ceramics. Besides, they make for a good alternative to glass and metals, owing to the aforementioned properties. In this report, the advanced ceramics market is segmented on the basis of material, class, end-use industry, and region.

Geographically, the advanced ceramics market is categorized into North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East and Africa. Historically, APAC accounted for the largest share in the market, owing to the growth in product demand witnessed in the electrical and electronics, transportation, and defense industries, primarily in countries such as India and China. Besides, China is the largest consumer of advanced ceramics in the world, owing to its industrial growth, high population, and favorable government regulations for ceramic manufacturers.

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Advanced Ceramics Market Dynamics

Drivers

The advanced ceramics market is being driven by the growing usage of these ceramics as substitutes for metals and plastics in various end-use industries. This can be majorly attributed to the fact that these ceramics are stronger in compression than metals. These ceramics are also environment-friendly in nature. Furthermore, their demand is increasing in the medical industry for the manufacturing of medical and dental implants, pacemakers, heart pumps, and drug delivery devices. Besides, the easy availability of raw materials, which primarily include clay, is driving the production of these ceramics and positively impacting their market growth, globally.

Advanced Ceramics Market Competitive Landscape

Some of the major companies operating in the global advanced ceramics market are Kyocera, CeramTec GmbH, Saint-Gobain Ceramics & Plastics Inc., Morgan Advanced Materials plc, Rauschert GmbH, Materion Corporation, H.C. Starck GmbH, CoorsTek Inc., and Corning Incorporated.

The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.