Global Advanced Ceramics Market is segmented on the basis of material, product type, application, end-use industry, and region. Advanced ceramics, substances and processes used in the development and manufacture of ceramic materials that exhibit special properties. In general terms, advanced ceramics exhibit exceptional properties that make them highly resistant to melting, bending, stretching, corrosion or wear. Their hardness, physical stability, extreme heat resistance, chemical inertness, biocompatibility, superior electrical properties and, their suitability for use in mass produced products make them one of the most versatile groups of materials in the world.
Global Advanced Ceramics Industry is classified, by material into Alumina ceramics, Titanate ceramics, Zirconia ceramics, Silicon carbide ceramics, Others (Aluminum nitride, silicon nitride, magnesium silicate, pyrolytic boron nitride). The alumina ceramics segment accounted for the largest market share of the global Advanced Ceramics Market in 2015, and is expected to remain dominant over the forecast period. This is due to their suitability in a number of industries such as electrical & electronics, transportation, medical, and chemical. Moreover, alumina is used in the manufacturing of bioceramics which will lift industry growth over the forecast period. Global Advanced Ceramics Industry is classified, by product type into Monolithic ceramics, Ceramic coatings, Ceramic matrix composites, Others (Multilayer ceramics, advanced coatings). Ceramic matrix composites segment is expected to grow at fastest pace over forecast period with highest CAGR. They are extensively used in machinery and automotive applications and numerous space-related applications such as heat resistant tiles. These products are also used in the production of transport equipment used in space shuttles on account of their long life span and hardness properties. Also, these products are used in the manufacturing of sports equipment including golf clubs.
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Global Advanced Ceramics Industry is classified, by application into Electrical equipment, Catalyst supports, Electronic devices, wear parts, Engine parts, Filters, Bioceramics, and Others. Electronic devices were the largest application segment in 2015 of the global market. They are widely used in insulating, superconducting, semiconducting, magnetic and piezoelectric applications. Bioceramics accounted for maximum market share in 2015 in terms of revenue. They are broadly being active in the medical sector as they help in tissue and bone development and do not affect the body’s’ immunity system. These products are used in dental as well as joint and hip replacement applications. Global Advanced Ceramics Market is classified, by end use industry into Electrical & Electronics, Transportation, Medical, Defense & Security, Environmental, Chemical, Others (Marine, Mining, Textile).
Environmental segment is expected to be one of the fastest growing end-use industry for the product on account of their increasing use in wind turbines, photovoltaic modules, and other pollution control applications. Global Advanced Ceramics Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa.
Asia Pacific is expected to grow at highest CAGR over the forecast period. This is mainly due to the increasing use of advanced ceramics in various industries such as electrical & electronics, chemical, transportation, environmental, and defense & security in developing economies of the region such as China and India. It is expected that India will be the fastest growing market for advanced ceramics in the region, due to the growing population of the country, favorable investment policies, and government initiatives to promote industrial growth
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