DUBLIN, June 1, 2021 (GLOBE NEWSWIRE) — “Global Advanced Ceramics Market by Material (Alumina, Zirconia, Titanate, Silicon Carbide), Application, End-Use Industry (Electrical & Electronics, Transportation, Medical, Defense and Security) Classification, Environmental, Chemical) and Regions – Forecast to 2026″ report has been added to Research And Markets. com’s offerings.
The global advanced ceramics market size is expected to reach USD 13.2 billion by 2026 from USD 10.3 billion in 2021, growing at a CAGR of 5.0% during the forecast period. This growth is attributed to 5G connectivity, artificial intelligence, IoT and 3D printing technologies backed by the superior performance of ceramics to withstand corrosive, high temperature and hazardous chemical environments.
The advanced ceramics market is also expected to benefit from growing demand from the medical industry due to their high strength and toughness, bio-inert properties, and low wear rates. Alumina holds the largest share among other materials in the advanced ceramics market. Alumina ceramics possess various properties such as extremely high hardness, high density, wear resistance, thermal conductivity, high stiffness, chemical resistance, and compressive strength, making them Suitable for various applications such as nozzles, circuits, piston engines, etc. Its thermal conductivity is 20 times that of other oxides. High-purity alumina can be used in both oxidizing and reducing atmospheres. Among other applications in the advanced ceramics market, monolithic ceramics hold the largest market share.
These ceramics are used in industries that require high temperature operation. These ceramics are widely used in end-use industries such as automotive, aerospace, power generation, military and defense, transportation, electrical and electronics, and medical. They are widely used in the manufacture of medical devices, implants and industrial components. Among other end-use industries, electrical and electronic products are expected to be the largest consumer of advanced ceramics by 2021.
Ceramic components are essential electronics in products such as smartphones, computers, televisions, and automobiles. Advanced ceramics are used in the manufacture of various electronic components, including capacitors, insulators, integrated circuit packaging, piezoelectric components, and more. The excellent properties of these ceramic components, including good insulation, piezoelectric and dielectric properties, and superconductivity, make them the first choice for the electronics industry. Asia Pacific is the largest and fastest growing region in the advanced ceramics market. Asia Pacific was the largest market for advanced ceramics in 2019. Growth in the Asia-Pacific region is mainly attributed to the rapid expansion of the electrical and electronics industries in economies such as China, India, Indonesia, Thailand, Singapore and Malaysia. The rollout of 5G technology and innovations in medical electronics are expected to drive the consumption of advanced ceramics in the region. Various industries such as automotive, aerospace, defense and medical in Asia Pacific are growing due to changes in reforms, ecosystem partnerships across the value chain, increasing R&D and digitalization initiatives.
Post time: May-23-2022