Advanced Ceramics Market Highlights The Competitive Scenario Of The Market, Major Competitors And Benchmarking


Posted June 12, 2019 by devanshu

One of major factors restraining the growth of the advanced ceramics market is the high cost of these ceramics.
 
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. These ceramics are also used as membranes in the production of synthesis gas and in the medical industry for the manufacturing of joint implants and dental prostheses.

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In this report, the advanced ceramics market is segmented on the basis of material, class, end-use industry, and region.

On the basis of material, 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.

On the basis of end-use industry, the advanced ceramics market is categorized into medical, electrical and electronics, chemical, transportation, defense and security, and others, where “others” include the marine, mining, and textile industries. Among these, the medical industry is anticipated to hold the largest share in the market during the forecast period, owing to the wide usage of advanced ceramics in medical equipment and implants. The bioinertness, abrasion resistance, high stability in sterilization conditions, and non-magnetizability of these ceramics encourage their usage in the medical industry.

One of major factors restraining the growth of the advanced ceramics market is the high cost of these ceramics. These ceramics are largely being used in developing countries, where the per capita income is low as compared to developed countries, owing to which their adoption is affected to some extent. Moreover, these ceramics are costlier than metals and plastics and are irreparable as well.

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Advanced ceramics exhibit superior properties, such as electrical conductivity, chemical inertness, extreme heat resistance, and physical stability, as compared to ordinary ceramics. Besides, they make for a good alternative to glass and metals, owing to the aforementioned properties. In this report, the advanced ceramics market is segmented on the basis of material, class, end-use industry, and region.

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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Issued By Devanshu Raizada
Country India
Categories Business
Tags advanced ceramics market , advanced ceramics market share , advanced ceramics market size , advanced ceramics market trends
Last Updated June 12, 2019