New York, May 26, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Advanced Ceramics Market by Material, Application, End-Use Industry and Region – Global Forecast to 2026” – https: // www. reportlinker.com/p04718607/?utm_source=GNW
The advanced ceramics market is also expected to benefit from growing demand from the medical industry due to their high strength and toughness with bio-inert properties and low wear rates.
Alumina accounted for the largest share among other materials in the advanced ceramics market
Alumina ceramics have various properties such as extreme hardness, high density, wear resistance, thermal conductivity, high rigidity, chemical resistance and compressive strength which make them suitable for a wide variety applications such as nozzles, circuits, piston engines, etc. It offers up to twenty times the thermal conductivity among other oxides.
High purity alumina can be used in oxidizing and reducing atmospheres.
Monolithic ceramics accounted for the largest market share among other applications in the advanced ceramics market
Monolithic ceramics provide high durability, reliability and protection against higher temperatures which help to increase component life. These ceramics are used in industries that require high temperature operations.
These ceramics are widely used in end-use industries, such as automotive, aerospace, power generation, military and defense, transportation, power and electronics, and medical. They are widely used in the manufacture of medical devices, implants and industrial components.
Electricity and electronics are expected to be the largest consumer of advanced ceramics in 2021 among other end-use industries.
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, etc.
These ceramic components have excellent properties including good insulation, piezoelectric and dielectric properties and superconductivity, which makes them highly preferred in the electronics industry.
APAC is the largest and fastest among other regions in the advanced ceramics market
APAC was the largest market for advanced ceramics in 2019.The growth in the APAC region is mainly attributed to the rapid expansion of the electrical and electronics industry in economies such as China, India, Indonesia, Thailand, Singapore and Malaysia.
The deployment of 5G technology and innovations in medical electronics are expected to boost the consumption of advanced ceramics in the region. Various sectors such as automotive, aerospace, defense and medical in APAC are developing due to evolving reforms, ecosystem partnership along the value chain, increased R&D and digitization initiatives.
As part of the process of determining and verifying the sizes of several segments and sub-segments of the Advanced Ceramics market gathered through secondary research, extensive primary interviews have been conducted.
The breakdown of primary interviews is given below.
• By type of company: Tier 1 – 25%, Tier 2 – 50% and Tier 3 – 25%
• By designation: senior executives at C level – 20%, director level – 30%, others – 50%
• By region: North America – 20%, APAC – 25%, Europe – 30%, Middle East and Africa – 10%, South America-15%.
The main players in this market are Kyocera Corporation (Japan), CeramTec (United States), CoorsTek (United States), Saint-Gobain Ceramic Materials (United States), Morgan Advanced Materials (United Kingdom) and 3M (United States -United). The Advanced Ceramics market report analyzes key growth strategies such as new product launches, expansions, joint ventures, agreements, partnerships, and mergers and acquisitions to strengthen their market positions.
This report covers the advanced ceramics market and forecasts its size to 2026. The market has been segmented on the basis of material, application, end-use industry, and region.
The report also provides detailed information on the company profiles and competitive strategies adopted by leading players to strengthen their market positions. The report also provides information on the driving and restraining factors in the advanced ceramics market, as well as the opportunities and challenges in these industries.
It also includes profiles for the best manufacturers on the market.
Reasons to buy the report
The report is expected to assist market leaders / new entrants in the following ways:
1. This report segments the advanced ceramics market and provides the closest approximations to the overall market size for its segments in different verticals and regions.
2. This report is expected to help stakeholders understand the market pulse and provide information on the key drivers, restraints, challenges, and opportunities influencing the market growth.
3. This report is expected to help stakeholders to gain an in-depth understanding of the competitive landscape of the market and to gain insight to improve the position of their companies. The competitive landscape section includes detailed information on strategies, such as new product launch, acquisition and expansion.
Read the full report: https://www.reportlinker.com/p04718607/?utm_source=GNW
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