Global Advanced Ceramics Market, By Raw Material Type (Alumina, Titanate, Zirconia, Silicon Carbide, Aluminum Nitride, Silicon Nitride, Magnesium Silicate, Pyrolytic Boron Nitride, Others); By Class (Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings, Others) By End-user (Electronics and Electricals, Transportation, Medical, Industrial, Defense & Security, Chemical, Others) – Industry Trends and Forecast to 2024
Market Analysis: Global Advanced Ceramics Market
The Global Advanced Ceramics Market accounted for USD 7.83 billion in 2016 and is projected to grow at a CAGR of 6.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Advanced Ceramics Market
Advanced ceramics are manufactured to cater to the requirements of several industries including electronics and aerospace that depend on the unique properties of technical ceramics. Advanced ceramics are developed to overcome the limitations of traditional ceramics as well as to develop value added properties. The latest trend in this market is the use of alternatives like plastic and metals and growing demand in medical industry. Similarly, growing applications in electronics & electricals, transportation, medical, industrial, defense & security, chemical and others, are expected to drive the advanced ceramics market in the forecast years.
Major Market Drivers:
- Increased use as an alternative to metals and plastics
- Increasing demand from the medical industry
- Environment friendly and reliable
- High cost of advanced ceramics material
Market Segmentation: Global Advanced Ceramics Market
The advanced ceramics market is segmented on the basis of raw material type into alumina, titanate, zirconia, silicon carbide, aluminum nitride, silicon nitride, magnesium silicate, pyrolytic boron nitride and others.
On the basis of class, the market is segmented monolithic ceramics, ceramic matrix composites, ceramic coatings and others.
On the basis of end-user, the market is segmented electronics and electricals, transportation, medical, industrial, defense & security, chemical and others.
On the basis of geography, the advanced ceramics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
Competitive Landscape: Global Advanced Ceramics Market
The global advanced ceramics market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Advanced Ceramics Market
Some of the major players in advanced ceramics market include Ceradyne, Inc. (subsidiary of 3M), Applied Ceramics Inc., Blasch Precision Ceramics, Inc., Ceramtec, Coi Ceramics, Inc., Coorstek Inc., Corning Inc., H.C. Starck Gmbh, International Ceramic Engineering (ICE), Kyocera Corporation, Materion Corporation, Mcdanel Advanced Ceramic Technologies, Momentive Performance Materials Inc., Morgan Advanced Materials Plc, Murata Manufacturing Co. Ltd., Rauschert Gmbh, Saint-Gobain Advanced Ceramics LLC, Small Precision Tools Inc., Vesuvius Plc and many more.
Research Methodology: Global Advanced Ceramics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.