Advanced Ceramics Market 2021 Research during the Ongoing COVID-19 Pandemic, Growth and Research Methodology by Forecast to 2028
The
global advanced ceramics
market size is projected to reach USD 1, 80,463.4 million by
2028. Fortune
Business Insights™ presented this information in a new report,
titled, “Advanced
Ceramics Market, 2021-2028.” The report further mentions that
the market stood at USD
82,972.9 million in 2020. It will exhibit a CAGR of 10.2% during the
forecast period between 2021-2028. The ongoing technological advancements and
rising demand for modern consumer electronic appliances are expected to propel
the need for electroceramics. Advanced ceramics is extensively used in such
products because of their possession of multiple beneficial properties, such as
compressive strength.
Report Coverage-
The
research report of the advanced ceramics industry offers a comprehensive
analysis of existing companies that can affect the market outlook throughout
the forthcoming years. In addition to that, it provides an accurate assessment
by highlighting data on multiple aspects that may contain growth drivers, opportunities,
trends, and hindrances. It also represents the overall market size from a
global perspective by analyzing historical data and qualitative insights.
Drivers & Restraints-
Rising Usage in Making Implant Abutments and Artificial Bones to
Propel Growth
Advanced
ceramics are gaining more importance in the medical industry. The product has
excellent aesthetic, physical, and biological properties. Therefore, it is
extensively utilized for making endosseous implants, artificial bones, and
implant abutments. The industry is also anticipated to use zirconia ceramics.
These factors are set to accelerate the advanced ceramics market growth in the
forthcoming years. However, the production process of this ceramic involves
high cost spending as it includes inspection, diamond grinding, sintering,
forming, and raw material processing. It may hinder growth.
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Complete Report Summary@ https://www.fortunebusinessinsights.com/advanced-ceramics-market-105073
Kyocera Corporation Acquires 100% Shares of H.C. Starck Ceramics
GmbH
In
February 2019, Kyocera Corporation, a multinational ceramics and electronics
manufacturer based in Japan, announced that Kyocera Fineceramics GmbH, its
Germany-based European headquarters signed an agreement to acquire 100% shares
of H.C. Starck Ceramics GmbH. This acquisition will help Kyocera to introduce
its state-of-the-art fine ceramic manufacturing assets, innovative
technologies, and production lineup in Europe. Such initiatives by prominent
companies are likely to surge the demand for advanced ceramics worldwide.
Shutdown of Manufacturing Plants amid COVID-19 Pandemic May Impact
Growth
Numerous
companies in the U.S. and other countries have closed their manufacturing
plants temporarily amid the COVID-19 pandemic. It has also disturbed supply
networks in developing economies, such as India and China. Also,
electronics and automotive sectors showcased a decline in revenues backed by
work-from-home norms. But, regulatory bodies are striving to bring everything
back to normalcy by encouraging companies to start production. It would help in
surging the demand for advanced ceramics in the next couple of years.
Segments-
Transportation Segment Generated 21.2% Share in China in
2020: Fortune Business Insights™
Based
on the material, the market is divided into alumina, zirconia, titanate,
silicon carbide, silicon nitride, and others. Below is a brief note on the
end-use criterion:
- By End-use: The market is
categorized into electrical & electronics, transportation, medical,
chemical, and others. Out of these, the transportation segment held 2% in terms of the
China advanced ceramics market share in 2020. This growth is attributable
to the rising usage of the product in aerospace engines and electric water
pumps. On the other hand, the medical segment earned 18.0% in 2020 on
account of the high demand for biodegradable splints and other similar
products.
Regional Insights-
Increasing Usage of Titanate in Automotive Industry to Propel
Growth in Asia Pacific
- Asia Pacific: The region
held USD
30,783.0 million in terms of revenue in 2020. It is
expected to remain at the forefront on account of the high demand for the
product from the medical industry. Besides, increasing usage of titanate
in the automotive industry, especially in China, is set to aid growth.
- North America: The increasing
shift of manufacturers towards this ceramic over plastic or other metals
is anticipated to help the region remain in the second position.
Additionally, the rising production of electronic devices and electrical
equipment in the region would boost growth.
- Europe: The presence of
a well-established automotive industry in the region is set to augment
growth in the forecast period. Coupled with this, the urgent need to
reduce emissions in the atmosphere would also result in the rising
adoption of electric vehicles in the region.
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Complete Report Summary@ https://www.fortunebusinessinsights.com/advanced-ceramics-market-105073
Competitive Landscape-
Key Companies Aim to Participate in Acquisition Strategy to
Compete with Their Rivals
The
market houses several prominent manufacturers that are focusing on various
organic and inorganic strategies to compete with their rivals. Among them,
acquisition is the most significant strategy. International Syalons, for
instance, is a leading producer of silicon nitride and sialon-based ceramics.
It often participates in mergers and acquisitions to broaden its footprints and
generate more sales.
A list of reputed advanced ceramics providers operating in the
global market:
- International
Syalons (UK)
- KYOCERA
Corporation (Japan)
- S&S Advance
Ceramics (India)
- Advanced Ceramics
Manufacturing (U.S.)
- Nishimura
Advanced Ceramics (Japan)
- CeramTec GmbH
(Germany)
- CoorsTek Inc.
(U.S.)
- Saint-Gobain
(U.S.)
- Morgan Advanced
Materials (UK)
- Technocera
(India)
- Other Key Players
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