The US advanced ceramics market is projected to grow at a CAGR of 5.4% during the forecast period. The key factors that drive the US advanced ceramics industry include the rapid demand from the electrical and electronics industry in the country. The US is one of the major hubs for the development of advanced electrical and electronic devices. Advanced ceramics are widely used in electrical and electronics and it is also generally called electroceramics. There has been a rapid evolution in the development and innovations in these devices, which will trigger the advanced ceramics adoption. Thus, as the electrical and electronic industry will gain traction, the advanced ceramics industry will also gain momentum.
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Further, these are also used for manufacturing the parts of the electric vehicles. The high temperature in the vehicles can cause failure and malfunction of the electrical equipment which can result in devastating outcomes. To overcome this problem, manufacturing companies and researchers switched to high temperature resistant composite materials. Players such as CoorsTek Inc. provides advanced ceramics for the vehicles. The automobile manufacturers are also focusing on reducing the vehicle weight to produce highly efficient and low fuel consumption vehicles. Thus, they are replacing traditional materials with advanced ceramics, which in turn, is driving the market growth in the country.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Class Type, By End-User Industry
- Competitive Landscape- 3M Co., Applied Ceramics Inc., Coorstek Inc., Kyocera Corp., and Morgan Advanced Materials PLC
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
US 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
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