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Global Trends & Forecasts to Advanced Ceramics Market

2015-08-29

Advanced Ceramics market is projected to register a market size in terms of value of $9.5 Billion by 2020, signifying firm annualized growth of 7% between 2015 and 2020.

The market has witnessed a significant growth in the recent years, and this growth is projected to persist in the coming years. Advanced Ceramics market is projected to register high CAGR in the future due to their characteristic properties such as high-temperature stability, corrosion-resistance, lightweight, low thermal expansion, and a variety of electrical properties ranging from insulators to semiconductors to highly conductive materials. Owing to these properties, advanced ceramics are used in a wide range of end user industries such as electrical & electronics, medical & bio-medical, transportation, industrial machinery, environmental, chemical, defense & security, and others.

Currently, Asia-Pacific is the biggest market of advanced ceramics, accounting for nearly 40% of the total market size in terms of value in 2014. Among all the countries, China dominates the advanced ceramics market, which had the maximum market share in 2014 closely followed by the U.S. Advanced ceramics are grouped according to their mineralogical or chemical composition. The major materials used as advanced ceramics are titanate ceramics, alumina ceramics, zirconia ceramics, and silicon carbide ceramics. On the basis of product type, monolithic ceramics are the largest consumed product type of advanced ceramics, followed by ceramic matrix composites.

On the basis of end-user industry, the advanced ceramics market is further categorized into electrical & electronics, medical & bio-medical, transportation, industrial machinery, environmental, chemical, defense & security, and others. The growth in end user segment is primarily driven by growing electronics industries, mainly in developing nations.



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