San Jose, CA (PRWEB) March 31, 2014
Follow us on LinkedIn - Also known as industrial ceramics, fine ceramics, engineered ceramics, and enhanced/technical ceramics, advanced ceramics are reinforced ceramic compounds characterized by excellent thermal, magnetic, optical and electrical properties. Due to these properties, advanced ceramics have emerged as effective alternatives to high-performance plastics and steel in various applications. Advanced ceramics finds applications primarily in industrial processing equipment, power generation, aeropropulsion, E/O packaging, and personnel protection, among others. The material is used in structural applications such as wear components, armor, cutting tools, and engines, among others. High quality and performance are key benefits of advanced ceramics driving its use in myriad applications.
Growth in the market comes from both traditional and new application areas. Projected widespread use of advanced ceramics in automotive heat engines (diesel components, and gas turbines), industrial heat exchangers, electrochemical devices, and medical implants/devices, among others, augurs well for the market. Extensive use of coated machinery components, shifting preference for advanced coatings, and breakthroughs in deposition processes are expected to magnetize commercial opportunities for ceramic coatings. Key factors expected to challenge market growth include environmental and regulatory issues, and competition from alternative materials among others.
Monolithic ceramics market continues to sustain its leadership position, primarily gaining from expanding applications in the medical sector. Recovery in industry vectors such as automotive, machinery, and electronics in developed countries bode well for market growth. Also fuelling demand is robust sales of consumer electronic products in developing countries, and growing focus on enhancing efficiency and productivity of machining equipment.
Demand for ceramic matrix composites (CMCs), is expected to be stimulated by its growing use in high temperature, corrosion intensive applications. CMCs reinforced with carbon nanotubes will help contribute to overall demand growth. Smart ceramics and bioceramics are expected to find ample opportunities for growth in the medical sector. While smart ceramics power sophisticated drug delivery systems and enhance the performance of MRI devices, bio-ceramics are increasingly becoming indispensable in manufacturing artificial organ implants in fields ranging from orthopedics to cardiovascular surgery.
As stated by the new market research report on Advanced Ceramics, Japan represents the largest market worldwide, while Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 8.1% over the analysis period. Growth in the Chinese market is expected to remain steady supported by abundant chemicals and metallurgical bases and government initiatives. Besides industrialization, rising production of automobiles in countries such as India and China augers well for advanced ceramics.
Major players covered in the report include Applied Ceramics Inc., Ceradyne Inc., CeramTec AG, COI Ceramics Inc., CoorsTek Inc., Covalent Materials Corporation, International Ceramic Engineering, Materion Ceramics, Momentive, Kyocera Industrial Ceramics Corporation, Morgan Advanced Materials, and Murata Manufacturing Co. Ltd, among others.
The research report titled “Advanced Ceramics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East and Latin America (Brazil and Rest of Latin America). The global and regional markets are also analyzed by product segments such as Matrix Composites, Coatings, and Monolithic Ceramics, and end-use sectors such as Chemical, Electrical, Electronic, Machinery, Transportation, and Others (Pollution Control, Armor, and Medical Products among Others).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Advanced_Ceramics_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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