Global Advanced Ceramics Market Impact of Covid-19 with Business Performance, Gross Margin and Forecast to 2026
Advanced Ceramics, otherwise called Technical Ceramics or Engineered Ceramics, are particular earthenware production that stand apart because of high protection from consumption, disintegration, and wear electrical and warm protection at high temperatures, and high hotness opposition. Advanced ceramics are being taken on at a higher rate as an option in contrast to metals and plastics, because of the developing mindfulness with respect to their eco-accommodating advantages like biodegradability, toughness, and high rigidity.
ChemIntel360’s global Advanced Ceramics Market study is a 200+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, product, and end-use industry perspective. The industry is expected to grow at a CAGR of 5.1% mainly due to growing demand for Advanced Ceramics from different uses such as aerospace and military which is expected to bolster the market over the forecast period.
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Scope
This study contains global and regional market size data - value and volume. The numbers are broken down by End-use industry (Electrical and Electronics, Transportation, Medical, Chemical, Defence and Security, Environmental and Others), by Product (Monolithic, Ceramic Coatings, Ceramic Matrix Composites). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Advanced Ceramics market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$10.1 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
The global advanced ceramics market is segmented into regions like North America, Europe, Asia Pacific, South America, and others.
Key Market Players
The key players in the advanced ceramics market include Kyocera Corporation (Japan), CeramTec (US), CoorsTek (US), Saint-Gobain Ceramic Materials (US), Morgan Advanced Materials (UK), and 3M (US). These players have established a strong foothold in the market by adopting strategies, such as new product launches, expansions, joint ventur
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