Increasing Demand for Alumina to Augment the Advanced Ceramic Industry Growth
Based on material, the alumina segment accounts for a significant share in the advanced ceramic industry. This can be attributed to the highly favourable chemical and physical properties of alumina, which make it suitable for use in corrosive and structural environments. Moreover, alumina is widely used for manufacturing equipments in the rapidly growing semiconductor industry, thus, significantly contributing to the overall industry growth. Additionally, alumina has application in the production of electrical insulation parts owing to its physical properties. All these factors combined are responsible for the growth of the advanced ceramic industry as a whole.The Asia-Pacific to Provide Enhanced Growth Opportunities to the Advanced Ceramic Industry
Region-wise, the Asia-Pacific is expected to witness a robust growth over the forecast period owing to the increasing investments in the manufacturing sector, particularly in countries like India, Japan, and China. Also, the electronics sector will play a key role in driving the growth of the market as major firms are planning on setting up their production units in the region. Moreover, with the outbreak of the coronavirus pandemic, there has been a rise in demand for medical equipment, which is expected to further accelerate the production activities for the same in the region.Advanced Ceramic: Market Segmentation
Advanced ceramics are an upgraded form of traditional ceramics as they offer more favourable properties like increased toughness, resistance to higher operating temperatures, and greater strength. These materials are rapidly substituting conventional materials in applications where greater speed and efficiency of operation is required.By material, the market is divided into:
- Alumina
- Titanate
- Zirconia
- Silicon Carbide
- Aluminium Nitride
- Silicon Nitride
- Others
Based on class type, the industry can be segmented into:
- Monolithic Ceramics
- Ceramic Coatings
- Ceramic Matrix Composites
- Others
The market is divided based on end use into:
- Industrial
- Transportation
- Electrical and Electronics
- Defence and Security
- Medical
- Chemical
- Others
Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Thriving Electrical and Electronics Industry to Bolster the Growth of the Advanced Ceramic Industry
Advanced ceramics have a wide spectrum of applications in the electrical and electronics industry owing to their electrical properties like superconducting, semiconducting, and insulating, among others. A major reason for the success of advanced ceramics in the electrical and electronics industry is the increasing focus on reducing the size of electrical components like resistors, capacitors, antennas, sensors, and others. Moreover, the meteoric rise in the demand for consumer electronic devices is expected to cause a surge in the usage of ceramic-based electronic components, which, in turn, is expected to drive the growth of the advanced ceramic industry.Over the forecast period, the rapid technological advancements in the industry are expected to favour the industry growth.
Key Industry Players in the Global Advanced Ceramic Market
The report gives a detailed analysis of the following key players in the global advanced ceramic market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- 3M Co.
- KYOCERA Corporation
- Corning Incorporated
- Materion Corporation
- CoorsTek Inc.
- International Ceramics Inc.
- Others
Table of Contents
Companies Mentioned
The key companies featured in this Advanced Ceramic market report include:- 3M Co.
- KYOCERA Corporation
- Corning Incorporated
- Materion Corporation
- CoorsTek Inc.
- International Ceramics, Inc.