/ Press Release Details /

Advanced Ceramics Market Size Worth $128.9 Billion By 2025 | CAGR: 12.6%

The global advanced ceramics market is expected to grow at growth rate of 12.6% to reach USD 128.9 billion by 2025.

Advanced ceramics comprise of aluminum nitride, alumina, silicon nitride, and zirconia-based materials. All these materials are highly purified and refined powders, produced synthetically using chemical reactions and high temperature. These products are used almost in every application covering from automotive, energy & environment, mechanical engineering, electronics and various others. Increasing use of this material as a substitute for plastic and metal coupled with growing demand in electronic and healthcare sectors is expected to drive the industry growth significantly. Furthermore, cost reduction by using this chemical in high-temperature levels boost its further usage. However, strict regulations hamper the industry growth during the future period.

Key Takeaways

The monolithic ceramic segment accounted for the highest share in 2016 due to its wide application area into electrical, electronics, and automotive industries
Alumina or aluminum oxide recorded USD 19.23 billion in 2017 and is predicted to grow with the significant growth rate during the future period
Among the different applications of advanced ceramics, electronic devices captured the highest revenue and are likely to dominate the market over the foreseeable future
Key players such as CoorsTek, Ortech Incorporated, 3M Company, Elan Technology, and DuPont are profiled extensively

KEY BENEFITS OF THE REPORT:

In-depth analysis of the key market dynamics
Granular analysis of the current market scenario and expected factors to affect the market
Detailed analysis of the geographic region, regional and county wise analysis
Highlight on the strategies that are being adopted by the key players in this market to stay competitive
Extensive analysis of the key players dominating the market

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

MARKET, BY PRODUCT