Advanced Ceramics Market Share in Europe is Expected to Increase by USD 498.46 million During Forecast 2022-2026
The advanced ceramics market share in Europe is set to grow by USD 498.46 million, accelerating at a CAGR of 4.20% during the forecast period. The market is fragmented and the vendors are deploying organic and inorganic growth strategies such as launching new application security solutions and upgrading their existing solutions to compete in the market. The use of advanced ceramics in medical implants and devices is notably driving the advanced ceramics market growth in Europe.
In addition, the high customization requirement for end-user applications is the major advanced ceramics market trend in Europe. However, the high cost compared with metals and alloys may hamper the market growth.
Technavio's research report analyses the growth trajectory of the market with a purview of the prevalent market scenarios, trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios. Unlock Free Sample Analysis Report
Advanced Ceramics Market In Europe: Germany to lead market growth during the forecast period
- The market is segmented by material (alumina ceramics, zirconia, aluminum titanate ceramic, silicon carbide ceramic, and others) and geography (Germany, Italy, the UK, France, and the Rest of Europe).
- The advanced ceramics growth in Europe by the alumina ceramics segment will be significant during the forecast period. The growth of the segment is attributed to the increasing demand for alumina ceramics across various end-user industries.
- Based on the geographical segmentation, the rising number of medical surgeries, and the emerging medical technologies will facilitate the advanced ceramics market growth in Germany.
- 37% of the market's growth will originate from Germany during the forecast period. Germany is the key market for advanced ceramics in Europe in Germany.
Advanced Ceramics Market In Europe: Key Competitors
Blasch Precision Ceramics Inc., CeramTec GmbH, CoorsTek Inc., Corning Inc., KYOCERA Corp., McDanel Advanced Ceramic Technologies LLC, Momentive Performance Materials Inc., Morgan Advanced Materials Plc, Rauschert GmbH, and Vesuvius Plc are some of the major advanced ceramics market vendors in Europe.
The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 4.20%.
- What is the incremental growth of the market?
The market is expected to grow by USD 498.46 million.
- What is a key factor driving this market?
The use of advanced ceramics in medical implants and devices will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Germany, Italy, the UK, France, and the Rest of Europe are the key regions featured in this research report.
- Which is the leading geographic region for this market?
37% growth will originate from Germany.
- Who are the leading market vendors?
The leading vendors in this market are Blasch Precision Ceramics Inc., CeramTec GmbH, CoorsTek Inc., Corning Inc., KYOCERA Corp., McDanel Advanced Ceramic Technologies LLC, Momentive Performance Materials Inc., Morgan Advanced Materials Plc, Rauschert GmbH, and Vesuvius Plc
- What are the market segments covered in this report?
The market is segmented by Material (alumina ceramics, zirconia, aluminum titanate ceramic, silicon carbide ceramic, and others) and Geography (Germany, Italy, UK, France, and Rest of Europe).
