Los Angeles, October 25, 2019 –QY Research has announced the release of a new report carrying the title “2019 Market Research Report on Global Advanced Ceramics Industry.” According to the findings provided in the report, the global advanced ceramics market is projected to achieve a total value of more than US$14.0 Bn by 2025. It could grow at a healthy CAGR of 6.35% during the forecast period 2018-2025. In 2018, the total global market value reached over US$9.0 Bn.
Favorable properties of advanced ceramics such as high wear and corrosion resistance, high hardness, and good electrical insulation are expected to increase their adoption in key applications. In the medical industry, advanced ceramics could be largely used in medical imaging equipment and orthopedic and dental implants. They also find use in electrical and electronic applications because of their easy formability, fire resistance, and lightweight properties.
Use of Advanced Ceramics Anticipated to Increase in Electrical and Electronics Industry
The global advanced ceramics market is likely to benefit from increasing number of applications of oxide advanced ceramics such as alumina. In the electronics industry, alumina is used in resistor cores, substrates, and heavy-duty forming tools. It also finds application in catalyst carriers in the chemicals industry, heat sinks for lighting systems, and thread guides in textile engineering. Importantly, advanced ceramics such as composites are used for ballistic protection for personnel, assets, and vehicles. However, expensive cost and reparability and recyclability issues of advanced ceramics are predicted to act as major restraints of the global market.
Oxide Advanced Ceramic Aluminum Titanate Finds Use in Metallurgical Melting
Advanced ceramics find application in medical, machinery, aerospace, automotive, and consumer electronics industries. Each of these application segments is deeply analyzed in the report based on market share, future growth potential, and other important factors. By type, the global advanced ceramics market is segmented into composites, non-oxides, and oxides. Oxide advanced ceramics such as aluminum titanate have impressive chemical resistance, thermal insulation, and thermal shock resistance. Metallurgical melting and foundry technology are important applications of aluminum titanate.
Industrial Advancement Expected to Help Strengthen Demand in Asia Pacific
Asia Pacific is expected to collect a commanding share of the global advanced ceramics market due to high adoption of advanced ceramics in lucrative industry verticals including transportation, electrical and electronics, and defense and security. Industrial development supported by promising government programs and schemes could positively impact the overall growth of the advanced ceramics market in Asia Pacific. India and China are predicted to contribute to the advancement of the Asia Pacific advanced ceramics market because of the development of key end-use industries such as automotive and electrical and electronics.
Manufacturers Anticipated to Focus on Business Expansion in Key Regional Markets
The report offers detailed company profiling of leading players of the global advanced ceramics market, such as CoorsTek, Yifei Technology, 3M, Doceram, Kyocera Corporation, Huamei Ceramics, CeramTec, Bakony Technical Ceramics, NGK Spark, Surpo, Morgan Advanced Materials, McDanel Advanced Ceramic, ERIKS, Schunk, TOTO, Sinoma, Rauschert Steinbach, and H.C. Starck.