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Advanced Ceramics Market Growth Accelerated by Enhancing Mechanical Properties

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ashwinicmi
Advanced Ceramics Market Growth Accelerated by Enhancing Mechanical Properties

 

 Advanced ceramics are inorganic, non-metallic solids that are fabricated by subjecting raw materials such as clay to high temperatures. Advanced ceramics are thermally stable, chemically inert, light weight and durable. They are used in various applications like electronic devices, engine components, medical implants and more. The superior properties of advanced ceramics like high strength, hardness, resistance to heat and corrosion makes them suitable for replacing metals and plastics in many applications.

The global Advanced Ceramics Market is estimated to be valued at US$ 91617.4 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The use of advanced ceramics is steadily growing across different end use industries as they offer enhanced mechanical properties compared to traditional materials like metals and plastics. One of the key trends spurring demand is their increasing use in the automotive industry for manufacturing engine and exhaust components. Advanced ceramics allows for lighter weight engine designs that improve fuel efficiency. They can withstand high temperatures inside the engine and resist wear and tear. Another major application area is the electronics sector where advanced ceramics like alumina, silicon carbide and aluminum nitride are used in manufacturing semiconductor packages and circuit boards due to their high thermal conductivity. Their non-reactive nature makes them suitable for applications involving harsh chemicals too. Overall, advanced ceramics are enabling performance and efficiency improvements across diverse industries through properties like durability, heat and corrosion resistance.

Segment Analysis

The global advanced ceramics market can be segmented based on material type. Alumina ceramics dominate the market currently accounting for over 30% share. It has wide application in electronics, automotive, machinery etc due to its hardness, resistance to heat and corrosion. Zirconia ceramics is another major segment growing at a higher rate than the overall market. Its bio-compatibility property has increased its use in dental and orthopedic implants.


Key Takeaways

The Global Advanced Ceramics Market Size is expected to witness high growth.

Regional analysis- The Asia Pacific region is expected to be the fastest growing market for advanced ceramics during the forecast period. The region has emerging countries such as China and India witnessing rapid industrialization which is increasing the demand for advanced ceramics from various end-use industries. Countries in the region also have a large number of manufacturing units of ceramic product manufacturers contributing to market growth.


Key players related content comprises - Key players operating in the advanced ceramics market are 3M (Ceradyne Inc.), AGC Inc., Applied Ceramics, Blasch Precision Ceramics Inc., Ceramtec, COI Ceramics Inc., Coorstek Inc., Corning Incorporated, International Ceramics Inc., Kyocera Corporation, MARUWA Co. Ltd, Materion Corporation, McDanel Advanced Ceramic Technologies, Morgan Advanced Materials, Murata Manufacturing Co. Ltd, Rauschert GmbH, Saint-Gobain, Small Precision Tools Inc., Vesuvius, and Wonik QnC Corporation.


Get more insights on this topic:

https://www.marketwebjournal.com/advanced-ceramics-market-trends-size-and-share-analysis/

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