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Market Size – USD 9.91 Billion in 2020, Market Growth – at a CAGR of 4.7%, Market Trends – Increasing advances in nanotechnology

VANCOUVER, BC, CANADA, May 5, 2022 /EINPresswire.com/ -- The global advanced ceramics market size reached USD 9.91 Billion in 2020 and is expected to register a revenue CAGR of 4.7%, during the forecast period, according to latest analysis by Emergen Research. Major factors driving market revenue growth include rising demand for advanced ceramic for high-performance characteristics, as well as increased use of advanced ceramic in the defense industry. Increasing advancements in nanotechnology are expected to boost revenue growth of the market going ahead. The need for lighter armor material and engine parts, wherein lower weight of composite materials is essential, is increasing rapidly. Various businesses are looking to develop more fuel-efficient aircraft. As a result, advanced ceramics components are expected to be used in the manufacture of new aircraft engines.

The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the advanced ceramics market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the advanced ceramics market landscape. The advanced ceramics research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others.

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Some Key Highlights from the Report

Catalyst support segment is expected to register a significantly robust revenue growth rate over the forecast period. Advanced ceramics are utilized in this application because these resist corrosion in harsh chemical conditions, help decrease particle pollution, and have excellent purity properties. These also provide advantages like perfect dimensional tolerance and virtually eliminating hot spots.

Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to increasing population, rapid urbanization, technical advancements, including 5G and IoT, and supportive government policies.

Zirconate segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Zirconate is a key material because it has dielectric and ferroelectric characteristics, and increasing demand for zirconate in the electronics sector has been increasing steadily. Additionally, its capacity to withstand tensile strain as well as high electrical power makes it suitable for use in actuators, ultrasonic transducers, FRAM chips, and capacitors.

Prominent Players Analyzed in the Report:

CeramTec GmbH, 3M Company, CoorsTek, Inc., Morgan Advanced Materials plc, Kyocera Corporation, Saint-Gobain Ceramics & Plastics, Inc., Ceradyne, Inc., Ortech, Inc., COI Ceramics, Inc., and Materion Corp.

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Furthermore, the report divides the Advanced Ceramics market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

Emergen Research has segmented the global advanced ceramics on the basis of product, material, application, end-use, and region:

Product Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Ceramic Coatings

Monolithic

Ceramic Matrix Composites

Ceramic Filters

Others

Material Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Ferrite

Titanate

Alumina

Zirconate

Silicon Nitride

Silicon Carbide

Aluminum Nitride

Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Catalyst Support

Engine Parts

Bio Ceramics

Electrical Equipment

Wear Parts

Electronic Devices

Filters

Others

End-use Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Transportation

Automotive

Electrical & Electronics

Machinery

Medical

Environmental

Defense & Security

Chemical

Others

The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

Overview of the Advanced Ceramics Market Report:

Introduction, Product Scope, Market Overview, and Opportunities

Analysis of the Manufacturers with sales, revenue, and price analysis

Comprehensive analysis of the competitive landscape

Extensive profiling of the key competitors along with their business strategies and market size

Regional analysis of the market along with sales, revenue, market share, and global position

Country-wise analysis of the market along with types, applications, and manufacturing

Strategic recommendations to established players as well as new entrants

In-depth analysis of the risks, restraints, and limitations in the Advanced Ceramics industry

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