In order to study the various trends and patterns prevailing in the concerned market, FactMR has included a new report titled "Advanced Ceramics Market Progress & Contribution Highlighted until 2027" to its wide online database including upcoming trends and growth factors. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. The report studies the advanced ceramics market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. The intelligent report also anticipates that the market would grow at a constructive CAGR until 2027.
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Advanced ceramics market place is fragmented with the stronghold of mid- and small-sized as well as emerging market players. While leading players are engaged in the expansion of advanced ceramics production capacities, they account for a smaller bulk of the advanced ceramics market revenue. A significant demand for advanced ceramics used in niche applications of electronics, automotive, industrial and metallurgy is met through the supply from small-sized local players. Mid-sized players also cater to the demand generation from critical industries such as medical, aerospace & defense and transportation. Collectively, small-and mid-sized players hold nearly 80-85% of the global market share.
The report provides a comprehensive profiling of other market players. Key players operating in the advanced ceramics market include Kyocera Corporation, Ceramtec GmbH, Coorstek Inc., Morgan Advanced Materials PLC, Mcdanel Advanced Ceramic Technologies LLC, Rauschert Steinbach GmbH, 3M Company, DowDuPont Inc., Elan Technology, General Electric Company, CUMI, Nishimura Advanced Ceramics, and Toto Ltd.
Electromobility Emerges as a Key Application Area
Leading players in the advanced ceramics market are introducing advanced high-performance ceramic components, specifically for electromobility applications. E-mobility components such as fuel cell, system for storing, transmitting, generating and distributing energy, temperature control and power electronics components. In the field of electromobility, traditional materials such as metals and plastics have reached their limits, in terms of demand for distinguished characteristics. Advanced ceramics deliver mechanical strength, unique tribological properties, excellent thermal conductivity and electrical insulation. Additionally, advanced ceramics are being developed for cooling management solutions, an imperative requirement in power electronics wherein advanced ceramics deliver low thermal resistance and electrical insulation during the function of cooling. Versatility combined with unique characteristics of advanced ceramics provide excellent properties suitable for the electric vehicles.
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Reinforced with fibers such as silicon carbide, ceramic matrix composites (CMCs) offer end users important properties, such as low density, excellent thermal and chemical resistance, and higher strength. That, combined with CMCs’ intrinsic property to be tailored as composites, make the material suitable for high-performance engineering applications, especially in aerospace and defense industries. Advanced ceramics such as ceramic matrix composites have huge potential in 3D printing whether the material is oxide-oxide, C/C or SiC/SiC as it has combination of properties required in the industry space. The advanced ceramics landscape is witnessing new developments of highly efficient next generation of CMCs that are highly adopted in critical applications such as military, industrial turbines and commercial jet engines.
Opportunities Abound for Advanced Ceramics Manufacturers as Sensors become Integral to ‘IOT Revolution’
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. Durability, acute thermal management and electrical insulation drives the large-scale penetration of advanced ceramics in sensor components, offering repeatable and reliable performance amid demanding ecosystems.
Intensifying Competition between Players to Augur Well for Sales
The competition in advanced ceramics market have been observed to intensify in the recent years. The manufacturers of advanced ceramics are investing in improving their product offering, as well as expanding their production capacities, to cater to the rising demand. For instance, General Electric acquired the business of Advanced Ceramics Corporation. The 3M Company, acquired the advanced ceramics business of Ceradyne Inc. in 2012.
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Advanced Ceramics Market Progress & Contribution Highlighted until 2027
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