Fact.MR has recently carried out a study on the advanced ceramics market and published a report titled, "Advanced Ceramics Market: Global Industry Analysis and Opportunity Assessment, 2018 – 2027." The advanced ceramics market report covers all the vital facets of the market research analysis to track the performance of the advanced ceramics market for the historical period 2013-2017 and forecast period 2018-2027. A thorough analysis of the market drivers, restraints and trends are provided to fathom all-inclusive scenario of the advanced ceramics market.
Advanced ceramics continue to spark a notable interest in the high-performance engineering applications, with a foreseen phenomenal growth potential in defense and aerospace. Advanced ceramics sales surpassed 40,500 MT in 2018, according to a recent Fact.MR study. Advanced ceramics have already sought extensive demand in electronics & power, and industrial & metallurgical applications, collectively accounting for approximately 60% of overall sales in 2018.
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As the shift toward low-carbon economy becomes pervasive, key players in the advanced ceramics market are eyeing potential gains from the piezoelectric space. Government and private equity investments in the energy-harvesting technologies have significantly advocated developments in piezoelectric sensors and transducers, in turn alluding bright prospects for advanced ceramics in the electronics and power applications.
As clamor for highly-advanced and sophisticated technologies is on the rise, multiple appliances are being outfitted with different types of sensors for efficient communication and detection. End-users show continued preferences for efficient sensors that don’t interfere with core purpose of the respective device, while reinvigorating the connectivity and reliability aspects. In response to the aforementioned, technical ceramics or advanced ceramics is rapidly stepping in and putting metal and polymer variants in the shade.
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Advanced Ceramics Market – Segmentation
The advanced ceramics market is thoroughly studied for the demand trends and other forecast factors impacting the market growth. The advanced ceramics market segmented based on application, by ceramic class and ceramic types. Study of individual segments carries exhaustive analysis of all the sub-segments. The advanced ceramics market analysis also includes regional analysis of North America, Latin America, Europe, Japan, APEJ and MEA.
Sovereignty of Asia-Pacific excluding Japan in the advanced ceramics market shows no signs of abating, underpinned by key aspects that include competitive manufacturing prices, significant economic growth, and rapid momentum of end-use verticals in the region. With the aim of region’s developing economics such as China and India to become global leaders in automobile manufacturing in terms of cutting edge vehicle electrification technologies, demand for advanced ceramics will continue to remain robust in the region.
APEJ Reigns Supreme in Advanced Ceramics Consumption
Sovereignty of Asia-Pacific excluding Japan in the advanced ceramics market shows no signs of abating, underpinned by key aspects that include competitive manufacturing prices, significant economic growth, and rapid momentum of end-use verticals in the region. With the aim of region’s developing economics such as China and India to become global leaders in automobile manufacturing in terms of cutting edge vehicle electrification technologies, demand for advanced ceramics will continue to remain robust in the region. Apart from demand for electroceramics, resurgent growth in the residential construction, coupled with various infrastructure development projects, is a significant growth determinant for the advanced ceramics market in APEJ.
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