DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Advanced Ceramics Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report to their offering.
The global advanced ceramics market is projected to grow at a CAGR of 6.6% during 2016-2023
Growth in bio ceramics applications in medical sector is one of the driving factors which are driving the growth in global advanced ceramic market such as dental implants, hip joints replacement, and in replacement of knee joints. Hydroxyapatite is a form of bio ceramics. Hydroxyapatite is a naturally occurring mineral of calcium apatite. Hydroxyapatite used in dental surgery due to various properties such as resistant to fracture and derived from tooth enamel.
In the automotive industry, rising efficiency standards will drive demand for advanced ceramic filters and also for ceramic engines. High-pressure, high temperature operating conditions in blast furnaces in the chemical industry will further boost the ceramic demand. Amongst various forms of ceramics, alumina is used particularly in the electronic industry due to properties such as high modulus, wear resistance, and chemical inertness. The electronic devices market is the major application segment in 2015 which accounted for over USD 18 billion of the market. They have a wide usage in insulating material, superconducting, and semiconducting applications.
Vesuvius PLC NSG group, Kyocera Corp, Blasch Precision Ceramics Inc., Murata Manufacturing Co. Ltd, Corning Inc., AGC group, CoorsTek, Saint-Gobain Ceramic Materials, Advanced Ceramic Manufacturing, Rauschert Steinbach GmbH, Mcdanel Advanced Ceramic Technologies LLC, Morgan Advanced Materials, and CeramTec are some of the major key players of global advanced ceramic market.
CoorsTek is the major player in the North American region and announced the acquisition of Covalent Materials, Japanese engineered advanced ceramics manufacturer. With this strategic acquisition now it has a portfolio of over 300 materials, including alumina, silica etc. CoorsTek it has announced the formation of Coorstek membrane sciences which is a producer of ion-conducting ceramic membranes which has a major use in direct gas to gas chemicals and gas to liquid conversion applications. CoorsTek also develops and manufactures ceramic micro channel heat exchanger.
- Increase in Use of Advanced Ceramics As An Alternative to Metals And Plastics
- Rising Demand in Medical Industry
- Reliability And Durability of Advanced Ceramics
- Increase in Demand in Building & Construction Industry
- Higher Cost Than Their Metal And Alloy Counterparts
- Stringent Government Regulations
- Use of Low Cost Production Technologies
- Growth in Nanotechnology
- Issues Related to Recyclability And Reparability
For more information about this report visit http://www.researchandmarkets.com/research/mc6jkj/global_advanced