The advanced ceramics market is envisaged to record an impressive CAGR of nearly 7% through 2027.
[USPRwire, Mon May 06 2019] Advanced ceramics differ from ceramics wherein the materials and processes used in the manufacturing of ceramics have special properties. These special properties provide advanced ceramics with an advanced strength in the form of resistance to heat, corrosion and wear. Advanced ceramics are designed to overcome limitations of traditional ceramics while retaining the original properties of ceramic material.
Fact.MR has recently published a market research analysis on the advanced ceramics market. The advanced ceramics market report tracks the market performance for the historical period of 2013-2017 and forecast period 2018-2027. The report provides an extensive analysis of advanced ceramics market drivers, challenges, trends and opportunities. Inclusion of associated industry analysis, market attractiveness and regional analysis aids in delivering the most credible forecast of the advanced ceramics market.
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High-Performance Engineering Applications Create Demand for Ceramic Matrix Composites
Reinforced with fibers such as silicon carbide, ceramic matrix composites (CMCs) offer end users important properties, such as low density, excellent thermal and chemical resistance, and higher strength. That, combined with CMCs’ intrinsic property to be tailored as composites, make the material suitable for high-performance engineering applications, especially in aerospace and defense industries. Advanced ceramics such as ceramic matrix composites have huge potential in 3D printing whether the material is oxide-oxide, C/C or SiC/SiC as it has combination of properties required in the industry space. The advanced ceramics landscape is witnessing new developments of highly efficient next generation of CMCs that are highly adopted in critical applications such as military, industrial turbines and commercial jet engines.
Opportunities Abound for Advanced Ceramics Manufacturers as Sensors become Integral to ‘IOT Revolution’
As clamor for highly-advanced and sophisticated technologies is on the rise, multiple appliances are being outfitted with different types of sensors for efficient communication and detection. End-users show continued preferences for efficient sensors that don’t interfere with core purpose of the respective device, while reinvigorating the connectivity and reliability aspects. In response to the aforementioned, technical ceramics or advanced ceramics is rapidly stepping in and putting metal and polymer variants in the shade. Durability, acute thermal management and electrical insulation drives the large-scale penetration of advanced ceramics in sensor components, offering repeatable and reliable performance amid demanding ecosystems.
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Intensifying Competition between Players to Augur Well for Sales
The competition in advanced ceramics market have been observed to intensify in the recent years. The manufacturers of advanced ceramics are investing in improving their product offering, as well as expanding their production capacities, to cater to the rising demand. For instance, General Electric acquired the business of Advanced Ceramics Corporation. The 3M Company, acquired the advanced ceramics business of Ceradyne Inc. in 2012. With this acquisition the company further strengthened its position and product offerings in North America. As the shift towards low carbon economy gains widespread momentum, the market players are eyeing to take a significant slice of piezoelectric ceramics space. Government and private equity investments in energy-harvesting technologies continue to promote the development of piezoelectric sensors and transducers, alluding to a bright future application scope for advanced ceramics. Additionally, advanced ceramics sales will be driven by their vitality in sensors that seek extensive adoption in smart factories, wherein automation, robotics, IoT, and AI technologies are gaining fast momentum.
Some notable developments in advanced ceramics market have been listed below.