Global Advanced Ceramics Market To Progress At 9.1% CAGR, Anticipated To Reach 133.9 Billion USD By The Year 2025: Grand View Research, Inc.

Posted on 2019-07-10 by researchinsights in Chemicals // 0 Comments

San Francisco, United States, 2019-Jul-10 — /EPR Network/ —

The global advanced ceramics market size is expected to reach USD 133.9 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 9.1% during the forecast period. High performing capabilities of the product, such as enhanced magnetic, optical, thermal, and electrical conductivity, and chemical inertness, is a major factor responsible for their adoption in various end-use industries, including electrical and electronics, automotive, and healthcare.

Materials such as silicon carbide, aluminum nitride, alumina, zirconia, and titania are some of the key materials used in the manufacturing of the product. The most significant products include coatings, monolithics, and ceramic matrix composites.

Advanced ceramics are mainly used in the manufacturing of electronic and electrical equipment owing to their strong electrical conductivity and high corrosive resistance. Increasing demand for consumer electronics, particularly in Asia Pacific countries such as India and China, is expected to have a positive impact on industry growth over the forecast period.

It is also utilized in applications such as armor, wear components, cutting tools, and engines. Performance and high quality are vital advantages of advanced ceramics that drive their use in numerous applications. Growth in the market has resulted from both traditional applications, such as engine parts, as well as new applications like bioceramics, which are used in body implants. Widespread utilization of the product in automotive heat engines, such as gas turbines and diesel engines, industrial heat exchangers, medical devices and implants, and electrochemical devices, is estimated to drive the industry over the forecast period.

The market is characterized by integration through raw material manufacturing, production, and distribution to various end-use industries. Integration through several stages of the value chain results in continuous supply of raw materials as well as it lowers the manufacturing cost.

Companies such as TAM Ceramics, 3M, Honeywell, and International General Electric Company are integrated market participants who are engaged in manufacturing raw material, advanced ceramics products, and distribution to various end-use industries.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/advanced-ceramics-market

Further key findings from the study suggest:

On the basis of material, alumina dominated the market with a share of 35.2% in 2018 owing to its extreme hardness, significant strength, low heat retention, and high melting point. Titanate is predicted to exhibit the fastest CAGR of 11.0% over the forecast period owing to unique dielectric properties
Based on product, monolithic ceramics dominated the market with a share of 78.9% in 2018 due to their excellent durability, reliability, and high temperature resistance
The environmental end-use segment is predicted to witness the fastest growth, registering a CAGR of 11.6% over the forecast period. Due to surge in environmental awareness around the globe, advanced ceramics are increasingly used in water processing and renewable energy systems like photovoltaic energy conversion
Asia Pacific dominated the market in 2018 and is anticipated to expand at the highest CAGR of 9.9% from 2019 to 2025 owing to growing production of automotive and consumer electronics.

Related Reports on Specialty Glass, Ceramic & Fiber:

Grand View Research has segmented the global advanced ceramics market on the basis of material, product, application, end use, and region:

Advanced Ceramics Material Outlook (Revenue, USD Million, 2014 – 2025)

Alumina
Titanate
Zirconate
Ferrite
Aluminum nitride
Silicon carbide
Silicon nitride

Advanced Ceramics Product Outlook (Revenue, USD Million, 2014 – 2025)

Monolithic
Ceramic coatings
Ceramic matrix composites

Advanced Ceramics Application Outlook (Revenue, USD Million, 2014 – 2025)

Electrical equipment
Catalyst supports
Electronic devices
Wear parts
Engine parts
Filters
Bioceramics
Others

Advanced Ceramics End Use Outlook (Revenue, USD Million, 2014 – 2025)

Electrical & electronics
Automotive
Machinery
Environmental
Medical
Others

Advanced Ceramics Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
- U.S.
Europe
- Germany
- U.K.
Asia Pacific
- China
- India
South & Central America
- Brazil
Middle East and Africa
- Saudi Arabia

For Press Release of This Report by Grand View Research:

https://www.grandviewresearch.com/press-release/global-advanced-ceramics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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