Azoth Analytics has released a research named “Advanced Ceramics Market Factbook (2022 Edition)” which provides a complete analysis of the global Advanced Ceramics industry in terms of market segmentation by filter type, material type, end-use industry, and region.
The research also includes a thorough assessment of current and future market trends that are related to the expansion of the market and a look at the market’s growth indicators, restraints, supply and demand risk, and other key statistics.
During the forecast period, 2023-2028, the global Advanced Ceramics market is expected to expand at a CAGR of 7%. The majority of businesses said that the number of end users is always growing in the automotive and electronics industries. Due to the better material and performance characteristics of Advanced Ceramics, demand will be driven by both new applications as well as rising adoption of currently existing applications.
The global Advanced Ceramics market is expected to generate USD 102 billion by the end of 2028, up from USD 70 billion in 2021. After the pandemic, the market for advanced ceramics is projected to rise rapidly. The traditional ceramics business, which comprises the clay and concrete sectors, is the biggest one in the world in terms of the various materials produced. Modern materials science methods have been used to develop novel materials or innovative combinations of existing materials. As a result, ceramic goods that are equally tough and electrically conductive as some metals are now readily available. The processing of advanced ceramic materials is developing quickly. Advanced ceramics are now utilized in a variety of sectors and applications. Other names for advanced ceramics in use around the world include technical ceramics, high-tech ceramics, and high-performance ceramics.
The market for advanced ceramics is expanding quickly on a global scale. Advanced Ceramics can be divided into two areas. Functional ceramics are under the first group and display specific electrical, electronic, or optical characteristics and performance. Structural ceramics, which have advantageous mechanical and thermal properties, are the second type.
The growing demand for advanced ceramics materials from numerous industries is one significant growth factor that will impact the advanced ceramics industry. It is well known that they improve performance in many high-tech industries, such as aerospace (jet engines), energy (fuel cells, batteries), automotive (brakes, sensors, and engine components), telecommunications and IT (electronics), defense (rocket parts, antennas, and armor), healthcare (artificial hips, teeth, etc.), and many others where it is designated as the only material “advanced ceramics” will work. High production costs are, however, one of the primary issues preventing market expansion.
The research is global in nature and covers a detailed analysis of the market in America (U.S., Canada, Mexico, and the Rest of the Americas), Europe (Germany, UK, France, and Rest of Europe), Asia-Pacific (China, India, South Korea, Japan, Rest of Asia-Pacific), Middle East and Africa. Additionally, the research report displays data including market size, yearly growth & potential analysis, the competitive study of market players, investment opportunities, demand for future forecast, and so on.
In 2022, 2.8 pieces of consumer electronics are anticipated to be purchased on average per person.
In 2022, the consumer electronics market will generate USD 150.20 billion in revenue. The market is anticipated to expand by 1.44% yearly (CAGR 2022-2027).
Leading Advanced Ceramics manufacturers are working hard to develop cutting-edge technologies for novel and sophisticated applications. To meet the rising demand, the major players in the market for advanced ceramics are investing in new products and production facilities. The world is becoming more and more online, and industries are using automation, robots, AI, and IoT technology to be more efficient. Therefore, improved ceramic materials are necessary for smart components and a smart world.
This study also contains company profiling and the current competition status of some of the leading players in the global Advanced Ceramics market of KYOCERA Corporation, 3M, Murata Manufacturing Co., Ltd., CeramTec, CoorsTek Inc., Morgan Advanced Materials, Corning Inc., Saint-Gobain, NGK SPARK PLUG CO., LTD., Materion Corp, and others. The company profiling includes critical information such as a business overview, products and services, key financials, and recent events and developments. Overall, the report provides a detailed overview of the global Advanced Ceramics market, which will assist industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players looking for opportunities, and other stakeholders in aligning their market-centric strategies with current and expected future trends.
