Advanced ceramics are defined as nonmetallic inorganic solid materials that possess qualities such as corrosion resistance, low thermal expansion, high-temperature stability, and lightness of weight. They also possess electrical properties ranging from non-conductive to highly conductive. These highly diverse properties make advanced ceramics a preferred choice of materials for various applications in industries such as electrical & electronics, transportation, medical, defense & security, environmental, and chemical. The electrical & electronics segment accounted for significant share of the advanced ceramics market in 2016 owing to the high demand for advanced ceramics in the electronics industry across the globe  

Key factors driving the advanced ceramics market include ecofriendly properties of these materials and rise in usage of advanced ceramics to replace conventional metals. Demand for advanced ceramics is expected to increase due to the rise in the demand for ceramics in the medical industry. This is encouraging companies to expand the production of advanced ceramics. Additionally, easy availability of raw materials is anticipated to boost the demand for advanced ceramics in the near future.

The global advanced ceramics market is witnessing technological advancements. Companies are constantly striving to develop new and better advanced ceramics. Development of new manufacturing processes and applications of advanced ceramics is estimated to propel the advanced ceramics market. However, high cost of these materials vis-à-vis other materials such as metals is expected to hamper the global advanced ceramics market.

Based on material, the advanced ceramics market can be classified into alumina ceramics, titanate ceramics, zirconia ceramics, silicon carbide, and others (including aluminum nitride, silicon nitride, pyrolytic boron nitride, and magnesium silicate). Alumina ceramic is a commonly used advanced ceramic material due to its excellent physical properties. These ceramics are employed in end-use industries such as transportation, chemical, electrical & electronics, and medical.

Based on class, the advanced ceramics market can be classified into ceramic matrix composites, ceramic coatings, monolithic ceramics, and others which includes advanced coatings and multilayer ceramics. Monolithic ceramics are commonly used class of advanced ceramic materials owing to their excellent thermal resistance. Thus, these ceramics are preferred in applications where high temperatures are involved.

In terms of geography, the advanced ceramics market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is anticipated to constitute key share of the market during the forecast period. It is estimated to be a rapidly growing region of the advanced ceramics market, owing to the increase in demand from the electrical & electronics industry in the region. Middle East & Africa is likely to be an attractive region of the advanced ceramics market during the forecast period, led by the increase in demand for these ceramics in the automotive industry in the region.

Prominent players operating in the global advanced ceramics market include Kyocera Corporation, CeramTec GmbH, CoorsTek, Inc., Saint-Gobain Ceramic & Plastics, Inc., and Morgan Advanced Materials Plc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Global Advanced Ceramics Market

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