The global advanced ceramics market size is estimated at
New York, Aug. 09, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Advanced Ceramics Market by Material, Application, End-Use Industry and Region – Global Forecast to 2027” – https:/ /www.reportlinker.com/p04718607/?utm_source=GNW
This makes these ceramics a favorable material for various end-use industries such as aerospace, power and electrical, automotive, electronics, military and defense.
Compared to other conventional alloys and metals, the thermal expansion of advanced ceramics is much lower when placed under the same environmental conditions. This factor has led to the use of these ceramics in different end-use industries.
Additionally, the high resistance to corrosion, temperature, low process wear and reduced emissions provided by advanced ceramics are fueling the demand globally. These ceramics retain their shape and size even when used in extreme temperature applications, such as in gas turbines, aircraft engines and fuel cells, providing dimensional stability and increasing safety.
Advanced ceramics have superior wear resistance, high temperature resistance and chemical stability compared to metals. These ceramics have replaced metals in many applications, such as cutting tools, bearings, filters and coatings.
They are also used in niche automotive applications such as turbochargers, glow plugs and combustion chambers. The increased use of advanced ceramics instead of metals in various end-use industries is driving the global market. Advanced ceramics have replaced plastics in many applications, such as miniature components used in electronic circuits; instruments used in the pharmaceutical industry; and scalpels, tubes and crucibles used in the medical industry. Advanced ceramics are expected to completely replace metals and plastics in many applications in the near future.
Silicon carbide ceramics: fastest growing advanced ceramics market segment, by material”
Silicon carbide ceramic is the most corrosion resistant, lightweight and hardest ceramic material that can maintain its strength up to 2552°F. Silicon carbide ceramics have many areas of application, and they are also ideal for use in demanding conditions in various sectors such as nuclear energy, space technology, automotive, marine engineering, electronics and electrical.
It is toxicologically safe and can also be used in the food and beverage industry. It is considered the most promising material for the manufacture of rocket nozzles, gas turbines and engine components in the aerospace and automotive sectors.
Monolithic ceramics accounted for the largest market share among other applications in the advanced ceramics market
Monolithic ceramics are very reliable due to their high durability and protection against high temperatures. These properties contribute to increasing the life of the component. Monolithic ceramics are therefore used in industries that involve high temperature operations.
These ceramics are primarily used in end-use industries, such as aerospace, automotive, power generation, transportation, military and defense, medical, electrical, and electronics.
Electrical and electronics is expected to be the largest consumer of advanced ceramics among all end-use industries
Advanced ceramics have excellent properties including good insulation, piezoelectric and dielectric properties, and superconductivity, which makes them highly preferred in the electronics industry. Ceramic components are essential in products such as smartphones, computers, televisions and automotive electronics.
Advanced ceramics are used in the manufacture of various electronic components including capacitors, insulators, integrated circuit packages, piezoelectric components and others.
APAC: The largest and fastest growing region in the advanced ceramics market
APAC was the largest market for advanced ceramics in 2021. The electrical and electronics sector in the region has seen healthy growth over the past two years.
Countries like China, South Korea, and Japan are leading the electronics and semiconductor industry. Rising population, rapid industrialization, increasing electrification, growing disposable income, technological advancements, and growing urbanization are driving the APAC advanced ceramics market.
Distribution of primaries
The study contains insights from various industry experts ranging from component suppliers to Tier 1 companies and OEMs. The distribution of the primaries is as follows:
• By type of business: Level 1: 25%, Level 2: 50% and Level 3: 25%
• By designation: level C – 20%, level D – 30% and other level – 50%
• By region: North America – 20%, APAC – 25%, Europe – 30%, Middle East and Africa – 10%, South America-15%.
The advanced ceramics market is dominated by few global players such as Kyocera Corporation (Japan), CeramTec (US), CoorsTek (US), Saint-Gobain Ceramic Materials (US), Morgan Advanced Materials (UK) and 3M (US).
The report covers Advanced Ceramics Market and forecasts its size, by volume and value, based on region (Asia-Pacific, Europe, North America, South America and Middle East & Africa), material ( alumina, silicon carbide, titanate, zirconia), application (monolithic ceramics, ceramic coating, ceramic matrix composites, ceramic filters), end-use industry (electrical and electronics, transportation, medical, environmental, chemical, defense and security) .
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the advanced ceramics market. The report also covers the qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Purchasing the Report:
The report will help leaders/new entrants in this market with information on the closest approximations of revenue figures for the overall market and sub-segments. This report will help stakeholders understand the competitive landscape and acquire more information to better position their businesses. and plan appropriate go-to-market strategies.
The report also helps stakeholders understand the pulse of the advanced ceramics market and provides them with insights on key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p04718607/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.