Advanced Ceramic Additives Market Growth to Record CAGR of 5.60% up to 2029
Data Bridge Market Research analyses that the Advanced Ceramic Additives Market will witness a CAGR of 5.60% and would reach an estimated value of USD 790.88 million by the end of forecast period of 2022-2029. Advanced ceramic additives market report analyses the growth, which is currently being owed to the focus of different automobiles technological advancements and developments.
Advanced
ceramics, also known as technical ceramics or engineered ceramics, are
specially designed to overcome the drawbacks of traditional ceramics while also
exhibiting enhanced properties. These ceramics can meet the requirements of
various end-use industries. These ceramics have superior properties such as
thermal stability.
Growing
demand from end-user industries is expected to accelerate market growth during
the review period. Growing demand from the clean technology industry also
drives market expansion. Rising ceramics adoption by the transportation
industry, as well as factors related to the expansion of defence manufacturing
are expected to drive the global advanced ceramics market in the coming years.
Lightweight materials are becoming more popular in automotive, aerospace, and
defence applications. Its increased use in these industries has fuelled the use
of specific additives in precise compositions, which aid in optimising the
rheology of catalyst wash coats and increasing their viscosity.
Furthermore,
growth in the medical industry, particularly the emergence of COVID-19, has
aided market growth. The increasing demand for high-quality and functional
safety in medical devices and equipment in order to meet stringent approval
standards and withstand challenges in healthcare practises has increased the
demand for advanced ceramics.
However,
the rising cost of acrylic acid, a key raw material used in the production of
polyacrylates, has an impact on the production and availability of polyacrylate
dispersants. Manufacturing operational process and end use of ceramic are very
expensive which will further challenge the market growth.
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Competitive
Landscape and Advanced Ceramic Additives Market Share Analysis
The
advanced ceramic additives market competitive landscape provides details by
competitor. Details included are company overview, company financials, revenue
generated, market potential, investment in research and development, new market
initiatives, global presence, production sites and facilities, production
capacities, company strengths and weaknesses, product launch, product width and
breadth, application dominance. The above data points provided are only related
to the companies’ focus related to advanced ceramic additives market.
Some
of the major players operating in the advanced ceramic additives market are
3DCeram, AGC Inc ., BioCote Limited , BASF SE , CARBO Ceramics Inc. .,
ENVISIONTEC INC ., EOS , Exone, Lamberti S.p.A, MakerBot Industries, LLC,
Novabeans Prototyping Labs LLP., Optomec, Inc., SANYO CHEMICAL, INDUSTRIES,
LTD., Johnson Matthey, Wöllner GmbH, Bentonite Performance Minerals, LLC ,
Ferro Corporation, Stratasys Ltd., Xjet Applied Ceramics, Inc., Ortech Advanced
Ceramics, Anoop Ceramics, Vinayak Techno Ceramics and Khyati Ceramics, among
others.
Global
Advanced Ceramic Additives Market Scope and Market Size
Advanced
ceramic additives market is segmented on the basis of material, product and end
use industry. The growth among the application segments helping manufactures in
attaining the knowledge related to the different growth factors expected to be
prevalent throughout the market and helping in formulate different strategies
such as new product launches, expansions, agreements, joint ventures,
partnerships, acquisitions, and others to increase their footprints in this
market to help identify core application areas and the difference in your
target markets.
- On the basis of material,
advanced ceramic additives market is segmented into alumina ceramics,
titanate ceramics, zirconate ceramics and ferrite ceramics.
- On the basis of product,
advanced ceramic additives market is segmented into dispersant, binder,
monolithic, matrix and coatings.
- On the basis of end user
industry, advanced ceramic additives market is segmented into electronics
and electronics, automotive and machinery.
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Advanced
Ceramic Additives Market Country Level Analysis
The
advanced ceramic additives market is analysed and market size, volume
information is provided by country, material, product and end use industry
material, product and end use industry material, product and end use industry
as referenced above.
The
countries covered in the advanced ceramic additives market report are U.S.,
Canada and Mexico in North America, Germany, France, U.K., Netherlands,
Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe,
China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand,
Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),
Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and
Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and
Rest of South America as part of South America.
North
America has the largest advanced ceramics market share due to the presence of
automobile companies, which is increasing demand for advanced ceramics in the
automobile industry. Aside from that, developed end-use industries like
pharmaceuticals, electronics, and electrical, as well as a rising adoption rate,
are propelling market growth. Asia-Pacific is expected to have a lucrative
market growth due to its well-developed electrical and electronic industries,
as well as its automobile industry. Furthermore, the increasing use of advanced
ceramics in medical equipment such as implanted devices, radiation therapy
equipment, and ultrasonic cleaners is propelling market growth.
frequently
asked questions
What
is the forecasted growth of this market?
What
is Product Segmentation?
Who
are the key players in the market?
Which
market region is expected to grow the fastest during the forecast period?
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