The global advanced ceramics market is projected to grow at a CAGR of 6.7% during the forecast period. The key factors that drive the market include rapid advancements and innovations in the transport sector. The key manufacturers operating in the transport industry such as GE Aviation, Rolls Royce among others are also widely adopting these advanced ceramics in the manufacturing of aircraft as well as automobiles. Additionally, the advanced ceramic manufacturing companies are also introducing various advanced products to curb the application of electromobility. This, in turn, is likely to drive the growth of the global advanced ceramics market over the forecast period.
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Further, the increased demand for light-weight, durable, and high heat resistant materials for the manufacturing of automobiles is also positively influencing the growth of the global advanced ceramics industry over the forecast period. Advanced ceramics in the transport industry is mainly used to form automotive bodies, chassis, and other components. Spark and glow plugs, parking distance control systems, oxygen sensors, PTC heaters, knocking sensors, and fuel injection systems are some other applications in which advanced ceramics are utilized. Thus, this wide adoption owing to the variety of properties possessed is likely to bolster the growth of the market over the forecast period.
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Market Coverage
Market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Class Type, By End-user Industry
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- 3M Co., Applied Ceramics Inc., Coorstek Inc., Kyocera Corp., Morgan Advanced Materials PLC, SGL Carbon SE, and CeramTec GmbH
Global Advanced Ceramics Market – Segmentation
By Class Type
Monolithic Ceramics
Ceramic Matrix Composites
Ceramic Coatings
By End-user Industry
Electrical & Electronics
Automotive
Healthcare
Defense & Security
Others
Global Advanced Ceramics Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
ASEAN
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
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