AdvancedCeramics Market Research Covering Growth Analysis and Industry Trends

The global advancedceramics market size is projected to reach USD 1, 80,463.4 million by 2028. Fortune BusinessInsights™ presentedthis information in a new report, titled, “AdvancedCeramics Market, 2021-2028.” The report further mentions that the marketstood at USD 82,972.9 million in2020. It will exhibit a CAGR of 10.2%during the forecast period between 2021-2028. The ongoing technological
advancements and rising demand for modern consumer electronic appliances are
expected to propel the need for electro ceramics. Advanced ceramics is extensively
used in such products because of their possession of multiple beneficial
properties, such as compressive strength.

KyoceraCorporation Acquires 100% Shares of H.C. Starck Ceramics GmbH

In February 2019, KyoceraCorporation, a multinational ceramics and electronics manufacturer based in
Japan, announced that Kyocera Fineceramics GmbH, its Germany-based European
headquarters signed an agreement to acquire 100% shares of H.C. Starck Ceramics
GmbH. This acquisition will help Kyocera to introduce its state-of-the-art fine
ceramic manufacturing assets, innovative technologies, and production lineup in
Europe. Such initiatives by prominent companies are likely to surge the demand
for advanced ceramics worldwide.

Source: https://www.fortunebusinessinsights.com/advanced-ceramics-market-105073

Report Coverage-

The research report of the advancedceramics industry offers a comprehensive analysis of existing companies that
can affect the market outlook throughout the forthcoming years. In addition to
that, it provides an accurate assessment by highlighting data on multiple
aspects that may contain growth drivers, opportunities, trends, and hindrances.
It also represents the overall market size from a global perspective by
analyzing historical data and qualitative insights.

Drivers & Restraints-

Rising Usage in Making Implant Abutments and Artificial Bones to PropelGrowth

Advanced ceramics are gaining moreimportance in the medical industry. The product has excellent aesthetic, physical,
and biological properties. Therefore, it is extensively utilized for making endosseous
implants, artificial bones, and implant abutments. The industry is also anticipated
to use zirconia ceramics. These factors are set to accelerate the advanced
ceramics market growth in the forthcoming years. However, the production
process of this ceramic involves high cost spending as it includes inspection, diamond
grinding, sintering, forming, and raw material processing. It may hinder
growth.

Segments-

Transportation Segment Generated 21.2% Share in China in 2020: Fortune Business Insights™

Based on the material, the marketis divided into alumina, zirconia, titanate, silicon carbide, silicon nitride,
and others. Below is a brief note on the end-use criterion:

· By End-use: Themarket is categorized into electrical & electronics, transportation, medical,
chemical, and others. Out of these, the transportation segment held 21.2% in terms of the China advancedceramics market share in 2020. This growth is attributable to the rising usage
of the product in aerospace engines and electric water pumps. On the other
hand, the medical segment earned 18.0%in 2020 on account of the high demand for biodegradable splints and other
similar products.

Regional Insights-

Increasing Usage of Titanate in Automotive Industry to Propel Growth inAsia Pacific

· AsiaPacific: The region held USD30,783.0 million in terms of revenue in 2020. It is expected to remain atthe forefront on account of the high demand for the product from the medical
industry. Besides, increasing usage of titanate in the automotive industry,
especially in China, is set to aid growth.

· NorthAmerica: The increasing shift of manufacturers towards this ceramicover plastic or other metals is anticipated to help the region remain in the
second position. Additionally, the rising production of electronic devices and electrical
equipment in the region would boost growth.

· Europe: Thepresence of a well-established automotive industry in the region is set to
augment growth in the forecast period. Coupled with this, the urgent need to
reduce emissions in the atmosphere would also result in the rising adoption of
electric vehicles in the region.

Competitive Landscape-

Key Companies Aim to Participate in Acquisition Strategy to Compete withTheir Rivals

The market houses several prominentmanufacturers that are focusing on various organic and inorganic strategies to compete
with their rivals. Among them, acquisition is the most significant strategy. International
Syalons, for instance, is a leading producer of silicon nitride and sialon-based
ceramics. It often participates in mergers and acquisitions to broaden its
footprints and generate more sales.

A list of reputed advanced ceramics providers operating in the globalmarket:

· International Syalons (UK)

· KYOCERA Corporation (Japan)

· S&S Advance Ceramics (India)

· Advanced Ceramics Manufacturing (U.S.)

· Nishimura Advanced Ceramics (Japan)

· CeramTec GmbH (Germany)

· CoorsTek Inc. (U.S.)

· Saint-Gobain (U.S.)

· Morgan Advanced Materials (UK)

· Technocera (India)

· Other Key Players