Worldwide Advanced Ceramics Industry to 2028 - Rising Demand for Lightweight Materials is Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Advanced Ceramics Market, By Material Type, By Class Type, By End-User Industry, By Geography - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.

Advanced ceramics are an ideal material for many applications. They are hard and durable, can withstand high temperatures, and are chemically and electrically inert.

They are also highly electrical insulators, which makes them useful in satellites, microelectronics, and cars. In addition, they can also be used in the chemical industry. The growing demand for these materials is fueling new developments.

Growing demand from medical industry is a prime factor driving growth of the advanced ceramics market. Few applications of advanced ceramics in the medical industry include dental screws and bridges, dental implants, pressure sensors, bone fillers, X-ray tubes, hand tools, filler, valves, etc., femoral head implants for hip replacement, coatings for drug delivery purposes on implantable medical devices, surgical implants, and joint replacement.

The advanced ceramic materials can withstand extreme temperatures and mechanical stresses in applications for generating energy in power plant engines and turbines or in systems for photovoltaics, solar thermal energy conversion, wind, and waterpower. This is again boosting demand for advanced ceramics. Moreover, growing demand for lightweight materials from automotive and electronic industry are further anticipated to accelerate market growth.

However, high production cost is a key factor hindering market growth. Additionally, brittleness and lack of strength of advanced ceramics is limiting its adoption in various application. In terms of sheer and tensile strength, advanced ceramics have 15 times less sheerness and tensile strength than metals.

Key features of the study:

• This report provides in-depth analysis of the global advanced ceramics market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global advanced ceramics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global advanced ceramics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global advanced ceramics market

Detailed Segmentation:

Global Advanced Ceramics Market, By Material Type:

• Alumina
• Titanate
• Zirconia
• Silicon Carbide
• Aluminium Nitride
• Silicon Nitride
• Magnesium Silicate
• Pyrolytic Boron Nitride
• Other Material Types

Global Advanced Ceramics Market, By Class Type:

• Monolithic Ceramics
• Ceramic Matrix Composites
• Ceramic Coatings

Global Advanced Ceramics Market, By End-User Industry:

• Electrical and Electronics
• Transportation (Aerospace & Automotive)
• Medical
• Industrial
• Defense and Security
• Chemical
• Other End-user Industries

Global Advanced Ceramics Market, By Geography:

• Asia-Pacific
• North America
• Europe
• South America
• Middle East & Africa

Companies Mentioned

• 3M (Ceradyne Inc.)
• AGC Inc.
• Applied Ceramics
• Blasch Precision Ceramics Inc.
• Ceramtec
• COI Ceramics Inc.
• Coorstek Inc.
• Corning Incorporated
• International Ceramics Inc.
• Kyocera Corporation
• MARUWA Co. Ltd
• Materion Corporation
• McDanel Advanced Ceramic Technologies
• Morgan Advanced Materials
• Murata Manufacturing Co. Ltd
• Rauschert GmbH
• Saint-Gobain
• Small Precision Tools Inc.
• Vesuvius
• Wonik QnC Corporation

For more information about this report visit https://www.researchandmarkets.com/r/9m3y1t