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Increasing application of advanced ceramics in defence applications and rising demand for advanced ceramics owing to high-performance properties are some key factors<br><br>
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Advanced Ceramics Market Size Worth USD 14.13 Billion in 2028 www.emergenresearch.com Market Size – USD 9.91 Billion in 2020, Market Growth – at a CAGR of 4.7%, Market Trends – Increasing advances in nanotechnology
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Market Summary The global advanced ceramics market size reached USD 9.91 Billion in 2020 and is expected to register a revenue CAGR of 4.7%, during the forecast period, according to latest analysis by Emergen Research. Major factors driving market revenue growth include rising demand for advanced ceramic for high-performance characteristics, as well as increased use of advanced ceramic in the defense industry. Increasing advancements in nanotechnology are expected to boost revenue growth of the market going ahead. The need for lighter armor material and engine parts, wherein lower weight of composite materials is essential, is increasing rapidly. Various businesses are looking to develop more fuel-efficient aircraft. As a result, advanced ceramics components are expected to be used in the manufacture of new aircraft engines. Aircraft manufacturers are also focused on advanced ceramics as a replacement for traditional alloys and metals. Aside from the aerospace sector, defense equipment makers are focusing on lighter and high fracture durability armor materials for defense applications and vehicles. www.emergenresearch.com
Market Summary Some Key Highlights from the Report Zirconate segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Zirconate is a key material because it has dielectric and ferroelectric characteristics, and increasing demand for zirconate in the electronics sector has been increasing steadily. Additionally, its capacity to withstand tensile strain as well as high electrical power makes it suitable for use in actuators, ultrasonic transducers, FRAM chips, and capacitors. Catalyst support segment is expected to register a significantly robust revenue growth rate over the forecast period. Advanced ceramics are utilized in this application because these resist corrosion in harsh chemical conditions, help decrease particle pollution, and have excellent purity properties. These also provide advantages like perfect dimensional tolerance and virtually eliminating hot spots. Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to increasing population, rapid urbanization, technical advancements, including 5G and IoT, and supportive government policies. Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/800 www.emergenresearch.com
Market Summary Emergen Research has segmented the global advanced ceramics on the basis of product, material, application, end-use, and region: Product Outlook (Volume Tons, Revenue, USD Billion; 2018–2028) Ceramic Coatings Monolithic Ceramic Matrix Composites Ceramic Filters Others Material Outlook (Volume Tons, Revenue, USD Billion; 2018–2028) Ferrite Titanate Alumina Zirconate Silicon Nitride Read More@ https://www.emergenresearch.com/industry-report/advanced-ceramics-market
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