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. Aircraft manufacturers are also focused on advanced ceramics as a replacement for traditional alloys and metals. Aside from the aerospace sector, defense equipment makers are focusing on lighter and high fracture durability armor materials for defense applications and vehicles.
Some major companies in the market include 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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However, higher cost of advanced ceramics than for alloys and metals and lower adoption rate of advanced ceramics for newer applications are factors expected to hamper growth of the global advanced ceramics market over the forecast period. Introduction of a certain advanced ceramic materials into newer applications is seen as a significant obstacle for market growth. The danger is mostly caused by a lack of customer awareness and trust in ceramic materials.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
Advanced Ceramics Market research report depicts the latest market scenario with updated trends and segmentation of the products and services. The study provides crucial information on the market situation, size, share, growth factors of the Advanced Ceramics
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 CoatingsMonolithicCeramic Matrix CompositesCeramic FiltersOthersMaterial Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)FerriteTitanateAluminaZirconateSilicon NitrideSilicon CarbideAluminum NitrideApplication Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)Catalyst SupportEngine PartsBio CeramicsElectrical EquipmentWear PartsElectronic DevicesFiltersOthersEnd-use Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)TransportationAutomotiveElectrical & ElectronicsMachineryMedicalEnvironmentalDefense & SecurityChemicalOthersRadical Highlights of the Advanced Ceramics Market Report:
Comprehensive overview of the Advanced Ceramics market along with analysis of the changing dynamics of the marketGrowth Assessment of various market segments throughout the forecast periodRegional and global analysis of the market players, including their market share and global positionGrowth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the marketImpact of the technological developments and R&D advancements on the Advanced Ceramics marketInformation about profit-making strategies and developmental strategies of major companies and manufacturersInsightful information for the new entrants willing to enter the marketDetails and insights about business expansion strategies, product launches, and other collaborationsThe report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysisRequest customization of the report: https://www.emergenresearch.com/purchase-enquiry/800
The report considers the following timeline for market estimation:
Historical Years: 2017-2018Base Year: 2019Estimated Year: 2027Forecast Years: 2020-2027Each section of the report reveals critical information about the global Advanced Ceramics market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us to recognize hidden business opportunities available in the global Advanced Ceramics market, besides collecting significant insights of market participants and obtaining precise market data. It includes several research studies such as manufacturing cost analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.
Key Objectives of the Report:
Analysis and estimation of the Advanced Ceramics market size and share for the projected period of 2020-2027Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscapeStudy of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Advanced Ceramics marketAnalysis of the growth prospects for the stakeholders and investors through the study of the promising segmentsStrategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunitiesThe Advanced Ceramics Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
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