Current & Potential Applications to Drive Advanced Ceramics Market to US$48.23 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Global Advanced Ceramics market is forecast to post a robust compounded annual growth rate (CAGR) of 8.21% over the 2001-2010 analysis period to register sales of US$48.23 billion by 2010. Japan, the largest and fastest growing market, is forecast to occupy over 40% share by the end of 2010.
San Jose, CA (PRWEB) July 17, 2007
Advanced ceramics market (http://www. strategyR. com/MCP-1001.asp) is now rebounding after a horrid economic setback during 2001-2003 driven by 9/11 terrorist attacks and consequent wars in Iraq and Afghanistan, followed by a spate of diseases such as Severe Acute Respiratory Syndrome (SARS). Currently, global advanced ceramic market is witnessing robust growth and healthy operating margins, owing to rising demand from current and potential applications. The market is experiencing two-pronged growth. In traditional applications, growth is evincing from performance enhancement either through a supplementary role or through substitution of conventional materials, while in newer applications, advanced ceramics are assuming greater role of delivering specific performances not feasible earlier. The unique material solutions offered by advanced ceramic blends are the growth engines for the industry, surging ahead to add new dimensions to the market size and value.
Structural Ceramics market (http://www. strategyR. com/MCP-1001.asp) is projected to post an impressive CAGR of 10.21% over the 2001-2010 period. Electronics Ceramics market (http://www. strategyR. com/MCP-1001.asp) is forecast to account for a market of US$31 billion by the end of 2010. Other segments independently analyzed include Chemical Processing and Environmental Ceramics market (http://www. strategyR. com/MCP-1001.asp) and Ceramic Coatings market (http://www. strategyR. com/MCP-1001.asp).
Information technology and electronic industries are emerging as the two bastions of advanced ceramics' market since late '90s. Rising demand for high-performance electronic, computing and communication devices is propping the large-scale adoption of advanced ceramic compositions within these industries. Cross-application synergies are also upstaging, unveiling newer and more sophisticated application platforms for advanced ceramics. Thus, with the revenue charts increasingly tipping towards the high-end markets, the industry's end user profile is undergoing rapid transformation, away from the conventional end-use markets such as defense equipment, chemical processing, and glass industries. With the spurt unlikely to die down any sooner, the IT and electronic industries are projected to remain dominant and aggressively growing end users of advanced ceramics.
Commercial use of advanced ceramics is limited by the complexity and high costs of implementation; skepticism about the long-term stability and consistency of material properties, coupled with lack of industry-wide standardization, high cost of components and absence of performance tracking deterring the full-scale commercialization of advanced ceramics until recently. However, burgeoning research and developments and new product innovations are expected to drive new opportunities for advanced ceramics in the coming years. Additionally, growing impetus for environmental protection is likely to bolster demand for the use of the materials in replacement applications that are touted as environmentally unsafe. Of late, the rising shipments of commercial and military aircrafts and future orders, particularly from the US and Asian countries, is expected to assure a stable market for advanced ceramic coatings in the next five years.
Major competitors profiled include American Technical Ceramics Corp., Applied Ceramics Inc., Ceradyne, Inc., CPS Technologies Corporation, CeramTec AG, COI Ceramics Inc., Compagnie de Saint Gobain SA, CoorsTek, Inc., GE Advanced Ceramics Corp., International Ceramic Engineering, KEMET Corporation, Kyocera Corporation, Kyocera Industrial Ceramics Corporation, Morgan Advanced Ceramics, Murata Manufacturing Co. Ltd., NGK Insulators Ltd., Rauschert GmbH, Samsung Electro-Mechanics Company Ltd., Taiyo Yuden Co., Ltd., TDK Corporation, Toshiba Ceramics Co. Ltd., Vishay Intertechnology, Inc. and Yageo Corp.
For more details about this research report, please visit www. strategyR. com/MCP-1001.asp (http://www. strategyR. com/MCP-1001.asp).
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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