The Advanced Ceramics Market Research Report includes an in-depth analysis of the industry, including current trends, drivers, restraints, and growth opportunities. Value chain analysis provides a clear understanding of the key intermediaries involved and their respective roles at every stage.
This Report analyses the important factors of the global advanced ceramics market based on present and emerging industry situations, market demands, business strategies utilized by leading market players.
The Global Advanced Ceramic Market is expected to reach USD 9.5 billion by 2020 record a CAGR of 7% during the forecast period from 2015 to 2020.
This global advanced ceramic market is driven by a number of factors, such as: the growing demand from various applications, increased usage as an alternative to metals and plastics and also these advanced ceramics are environment friendly and reliable for use. However, this market faces certain drawbacks such as slower adoption in new applications. This will affect the advanced ceramics market, and also there are recyclability and reparability issues related to advanced ceramics. These materials are costlier when compared to metals and alloys. The high cost association of these advanced ceramics are the factors that may act as a roadblock to the growth of the market.
The global advanced ceramics market report takes the following major end-user sectors into consideration: medical field, transportation, electronic sector, defense & security, chemical, industrial machinery and others. The electronics market is one of the largest end-user industries of advanced ceramics and the trend is expected to continue in the near future. Medical products are significant in the advanced ceramics market due to its increasing use in manufacturing joint implants and in-dental procedures. Also, the growing demand for high pressure and high temperature environment has further augmented the growth of the advanced ceramics market. A rise in defense manufacturing in emerging economies including India and China has also played a major role in growth of the market.