(2019 – 2024) “Advanced Ceramics Market” Report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Advanced Ceramics Analysis. The Advanced Ceramics market is expected to register a CAGR of approximately 10.81% during the forecast period of (2019 – 2024).
Advanced Ceramics Market Report Covers Leading Manufacturers: 3M (Ceradyne, Inc.), Applied Ceramics Inc., Blasch Precision Ceramics, Inc., Ceramtec, Coi Ceramics, Inc., Coorstek Inc., Corning Inc., H.C. Starck Gmbh, International Ceramic Engineering , 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.
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The global advanced ceramics market was valued at USD 75.34 billion in 2017. This market is expected to reach USD 104.16 billion by 2023, registering a CAGR of 10.81% over the forecast period, 2018-2023. Asia-Pacific is expected to lead the market owing to its rapid growth in the healthcare industry. Advanced ceramics are high strength and highly developed ceramic materials that are primarily lightweight, non-metallic, organic, and corrosion-resistant. These have been developed in the last 50-60 years and have bypassed the use of conventional ceramics.
Soaring Demand from Ceramic Matrix - Composites Segment
The increasing use of advanced ceramics as an alternative to metals and plastics and increasing demand from the medical industry drive this market. However, factors such as high cost and recyclability issue may hinder the growth of the market. Ceramics that include fabrication and polycrystalline microstructures without the reinforcement process are referred to as monolithic ceramics. Monolithic ceramics are the major product type of advanced ceramics market worldwide.
Asia-Pacific Region to Lead the Market
Asia-Pacific is expected to maintain its dominance during the forecasted period, followed by North America and Europe. Furthermore, there is an increase in the use of nanotechnology and higher application in wind turbines and pollution control applications.
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Reasons to Purchase Advanced Ceramics Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
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- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
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