The Asia-Pacific advanced ceramics market is projected to grow at a significant CAGR of 8.1% during the forecast period. The market growth covers the country-level analysis of China, India, Japan, and the Rest of Asia-Pacific. The key factors that drive the Asia-Pacific advanced ceramics industry include the high demand for advanced ceramics from various end-user industries such as transport, healthcare, energy, and power in the region. The Asia-Pacific region also has the footprints of the major players thriving in the market, such as General Electric Co., 3M Co., Coorstek Inc., Kyocera Corp., Nippon Carbon Co. Ltd., Safran Group, UBE Industries Ltd., which positively influencing the growth of the market.
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Further, there has been continuous development in the construction as well as the transport sector in the region. For instance, as per the International Air Transport Association (IATA), China and India are expected to witness an upsurge in the aviation industry, including airports as well as aircrafts development. Besides, it is estimated that for air travel approximately 817 million new passengers will be added to account for a total of 1.3 billion in 2035 in China and 322 million additional passengers will surplus to account a total of 442 million in India. Thus, these are likely to accelerate the growth of the Asia-Pacific advanced ceramic market over the forecast period.
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Market Coverage
- Market number available for – 2020-2026
- Base year- 2020
- Forecast period- 2020-2026
- Segment Covered- By Class Type, By End-User Industry
- Competitive 3M Co., Coorstek Inc., Kyocera Corp., Nippon Carbon Co. Ltd., Safran Group, and UBE Industries Ltd.
Asia-Pacific Advanced Ceramics Market – Segmentation
By Class Type
- Monolithic Ceramics
- Ceramic Matrix Composites
- Ceramic Coatings
By End-user Industry
- Electrical & Electronics
- Automotive
- Healthcare
- Defense & Security
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
