Advanced Ceramics Market Share, Strategies, Growth Rate Analysis, Trends and Forecast by 2024

The growth in the global advanced ceramics market is primarily driven by the heavy demand for these ceramics in industries such as defense and security, automotive, medical, and electrical and electronics. Owing to their ability to demonstrate high efficiency, even in extreme weather conditions, these ceramics are widely integrated in various products and equipment used in these industries. Furthermore, the growing demand for defense equipment in countries such as India and China have benefitted the market growth in recent years.

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the advanced ceramics market is classified into titanite, alumina, zirconia, and silicon carbide. Of these, alumina ceramics are expected to hold the largest share in the market during the forecast period, owing to their ability to demonstrate high heat resistance and thermal conductivity. Besides, they exhibit mechanical properties, such as high strength and hardness, which encourage their wide adoption in the transportation, electrical and electronics, medical, and chemical industries. High electrical insulation and biocompatibility are other important characteristics of these ceramics.

the advanced ceramics market is categorized into monolithic ceramics, ceramic coatings, and ceramic matrix composites. Among these, monolithic ceramics account for a significant share in the market owing to their higher thermal resistance as compared to other categories. Monolithic ceramics are primarily used in applications involving high temperatures. Furthermore, they are used in the manufacturing of electronic devices, such as mobile phones and laptops. These ceramics are also used in the power industry for the production of turbine blades.

Geographically, the advanced ceramics market is categorized into North America, Europe, Asia-Pacific (APAC), Latin America, and the Middle East and Africa. Historically, APAC accounted for the largest share in the market, owing to the growth in product demand witnessed in the electrical and electronics, transportation, and defense industries, primarily in countries such as India and China.

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The advanced ceramics market is being driven by the growing usage of these ceramics as substitutes for metals and plastics in various end-use industries. This can be majorly attributed to the fact that these ceramics are stronger in compression than metals. These ceramics are also environment-friendly in nature. Furthermore, their demand is increasing in the medical industry for the manufacturing of medical and dental implants, pacemakers, heart pumps, and drug delivery devices.

Some of the major companies operating in the global advanced ceramics market are Kyocera, CeramTec GmbH, Saint-Gobain Ceramics & Plastics Inc., Morgan Advanced Materials plc, Rauschert GmbH, Materion Corporation, H.C. Starck GmbH, CoorsTek Inc., and Corning Incorporated.

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