[FURL=https://www.industryarc.com/Report/15378/advanced-ceramics-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease] Advanced Ceramics Market[/FURL] size is forecast to reach $12.5 billion by 2025, after growing at a CAGR of 6.5% during 2020-2025. The market is primarily driven by advanced ceramic properties, such as high temperature stability, resistance to corrosion, light weight, low thermal expansion and a wide range of electrical properties, from insulators and semiconductors to highly conductive materials. Advanced ceramics are used in a wide variety of end-use industries, such as electrical & electronics, medical, transportation, environmental, chemical, protection & safety, among others, because of these properties. The growth in the segment over the projected period is expected to increase the demand for electrical equipment and electronic devices. However, owing to the COVID-19 pandemic, the segment is expected to experience slow development for a couple of years.Key Takeaways
Increased use of photovoltaic cells, wind turbines and applications for emission control and growing silicon carbide (SiC) and gallium nitride (GaN) applications are likely to be possibilities in the future.
Due to a broad variety of electrical properties of advanced ceramics, including insulating, semi-conducting, superconducting, piezoelectric, and magnetic properties, the electronic and electrical industries have dominated the industry and are projected to expand during the forecast period.
Request for Sample of the Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=15378[/FURL]
Advanced Ceramics Acid Market Drivers
Ongoing advancements in electronics technologies
It is expected that continuing developments in electronics technology and increasing demand for new consumer electronics appliances will force manufacturers to add innovative features to their offerings in the advanced ceramics industry. For example, the most sought-after parameters of electroceramics in the coming years will remain the higher wear resistance, compressive power and high pressure and temperature resistance properties of advanced ceramics. This will further influence the recent trends in the advanced ceramics market globally.
Advanced Ceramics Acid Market Challenges
Advanced Ceramics Industry Sees Steep Production Cutbacks During the COVID-19 Pandemic
In most manufacturing industries, the COVID-19 pandemic has had a major influence, and the advanced ceramics industry is no exception. Any of the businesses involved in the supply chain were considered necessary, even after the lockdown, and were operations. Most of the players, however, had to keep their production facilities closed during the lockdown, thereby seeing significant supply chain problems.
Ceramics Acid Market top 10 companies are 3M, CeramTec GmbH, Elan Technology, Oerlikon Surface Solutions AG, Ortech Inc., Morgan Advanced Materials PLC, CoorsTek, Inc., Kyocera Industrial Ceramics Corp., Murata Manufacturing Co. Ltd., and Saint-Gobain
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.