Global Advance Ceramic Material Market Size, Insights, Drivers, Opportunities, By Application (Electrical & electronics, Automotive, Medical, Environmental, Machinery, Others), By Material, By Product, By End Use, By Region, Growth, Trends and Forecast from 2019 to 2027
Global Advance Ceramic Material Market Size, Insights, Drivers, Opportunities, By Application (Electrical & electronics, Automotive, Medical, Environmental, Machinery, Others), By Material, By Product, By End Use, By Region, Growth, Trends and Forecast from 2019 to 2027
Historic years: 2015 to 2017 Base Year: 2018 Forecast Years: 2019 to 2027
Number of pages: 100 Category: Chemical Report Id: MISCHE5505
Market Insights
The global advance ceramic material market was valued at USD 68.09 billion in 2018 and is estimated to reach a value of USD 123.46 billion in 2027. The market is evaluated to rise at a CAGR of 6.84% over the forecast period of 2019 to 2027. Market growth is driven by the development of new application of advanced ceramics and rising adoption in pre-established ceramic applications due to superior material and performance properties. Dynamics of large electrical and electronics industry also affects the trajectory of this expansion.Global advance ceramic material market size by region, 2018 (USD Billion)
Primary and secondary market researchers have identified Morgan Advanced Materials, CeramTec, Kyocera Corporation, Corning Inc., McDanel, Momentive Performance Materials, Inc. and CoorsTekm Inc. as the key players in the global advance ceramic material category. However, when evaluating the analysis of this segment, factors like company revenue, industry trends towards selecting a particular group play a major role. Other reasons like penetration of the advance ceramic material companies for different material applications are also considered significant.
Another factor contributing to this growth is the preference of ceramic products in healthcare applications, including bone implants and biomedical plants. Increasing demand of ceramic teeth is also affecting the sales of this product. Many research organizations and companies are investing on research and development of ceramic industry majorly in tissue engineering and gene therapy.
Application Insights
Electrical & electronics is estimated to be the largest segment holding a share of about 48.36% share in the market. Global demand of cost effective high performance gadgets is driving the market growth. Environmental application is expected to be the fastest growing category over the forecast period of 2019 to 2027. The product used is part of the water treatment management in power plants due to its high temperature resistance capacity.Material Insight
Alumina material was estimated to be the largest material in 2018. It is widely used in many applications due to its high resistance properties. It has been observed that alumina is majorly used in electrical, energy, automotive, and medical industries. Titanate is estimated to be the fastest growing material segment over the forecast period. Usage of titanate is increasing due to its high thermal shock resistance capacity.Product Insight
Monolithic Ceramics segment was the largest market accounted for over 80% of market share in 2018. Increasing requirements in the electronics and electrical sector majorly in developing countries such as India and China is expected to boost the market growth. Major product types are silicon carbide zirconium, silicon nitride, and zirconium carbide.Global advance ceramic material market value share by application, 2027 (%)
Regional Insights
As of 2018, Asia Pacific accounts for the largest and fastest growing region in the advance ceramic material market, with a share of over 40.5% of the global market. Growing electrical and electronics industries, and automotive industry particularly in India and China is driving the market. The report is a thorough market study which includes top companies, their annual presentations, industry publications, press releases and their drivers, opportunities, trends and the market understanding through different material and their application with growth factors and future expectancies in the advance ceramic material market.Research Methodology
The following report consists of market analysis including both primary and secondary research. Primary research comprises the interaction between manufacturers, industry experts and channel partners, while the secondary research presents an analytical interpretation of relevant publications which contains details like proprietary databases, purchased database, company annual reports, and financial reports. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.Segments covered in the report
Application Outlook- Electrical & electronics
- Automotive
- Medical
- Environmental
- Machinery
- Others
- Alumina
- Titanate
- Zirconate
- Ferrites
- Others
- Monolithic ceramics
- Ceramic coating
- Ceramic matrix composites
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
- All market drifts, drivers and opportunities
- Understanding the dynamics of the parent market
- Prime fluctuations of the business dynamics
- Historical, current, and projected size of the market with respect to production and sales
- Segmentation and comprehensive analysis in the second or third level
- Reporting and evaluation of recent industry developments
- Detailed profiling of leading companies
- Opportunities to newer trends in global, regional and country markets
- Analyzing the trajectory line of the business
- Measures to consider for chocolate confectionery products in the industry
- Measures to consider for strengthening advance ceramic material in the market