DUBLIN, December 21, 2021– (BUSINESS WIRE) – The Global Advanced Ceramic Additives Market Size, Share and Trend Analysis Report by Product (Dispersant, Binder), Application (Automotive, Machinery, Medical, Environment), Region and segment forecast, 2021-2028 “the report was added to ResearchAndMarkets.com offer.
The global advanced ceramic additives market size is expected to reach $ 781.3 million by 2028, according to the report. The market is expected to grow at a CAGR of 5.0% from 2021 to 2028.
The growth of the market is attributable to the increasing use of advanced ceramics in the production of components in various end-use industries including medical, automotive and electronics.
Additives are materials incorporated during the manufacturing process of advanced ceramics to improve and modify their physical and mechanical properties according to their end applications. Commonly known additives are dispersants, binders, plasticizers, foaming and antifoaming agents and lubricants.
Based on the product, the market is segmented into dispersant, binder, and others. The dispersants segment is expected to experience the highest CAGR during the forecast period. They help stabilize slurry against sedimentation and flocculation and control rheology. Their growing demand is due to their inexpensive nature and their ability to reduce water and energy consumption when manufacturing advanced ceramics.
In terms of application, the electrical and electronic segment held the largest share of revenue in 2020. The increasing use of advanced ceramics in electrical and electronic applications can be attributed to electrical insulation, precision and functionalization. improved that they offer. They protect electrical and electronic devices against electromagnetic radiation. Their high precision and low thermal expansion improve the measurement efficiency of electrical and electronic devices such as sensors.
Regionally, Europe is expected to register a 4.2% CAGR, in terms of revenue, over the forecast period. The booming aerospace, automotive and defense industries in Europe are driving product demand in the region as advanced ceramic materials are increasingly incorporated into the manufacture of automotive components such as spark plugs. ignition, fuel injectors, brake discs and catalyst support systems.
In addition, the market faces strong competitive rivalry due to the presence of established players including BASF SE, Dow, Evonik Industries and Solvay. However, players suffered losses in 2020 due to the emergence of the COVID-19 pandemic. For example, Evonik Industries reported that its performance has been severely affected due to the pandemic. Its sales were down 7% from 2019 to 2020 due to the impact of COVID-19 and the decline was due to lower volumes, low selling prices and negative currency effects.
Highlights of the Advanced Ceramic Additives Market Report
The escalation of the trade war between the United States and China has affected global demand for oil, which has impacted crude oil prices. Based on the average oil price of $ 57.09 per barrel in 2019, the United States lost $ 2.03 billion in crude oil revenue due to the trade war. Most of the raw materials for additives are derived from the oil and gas industry
Fluctuations in the prices of raw materials have an impact on the prices of finished products. For example, in August 2021, Kajaria Ceramics reported severe erosion of its margins due to high raw material prices
The Binders segment is expected to experience a revenue-based CAGR of 5.1%, in terms of revenue, during the forecast period. Binders help ceramic particles to bond, which ensures high strength
By application, the medical segment accounted for a revenue share of over 10.0% in 2020. Advanced ceramics are widely used in medical applications such as implantable medical devices, diagnostic imaging equipment, consumable medical devices and therapeutic medical devices.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Variables, Trends and Scope of Advanced Ceramic Additives Market
3.1. Global Advanced Ceramics Market Outlook
3.1.1. Manufacturing and Technology Outlook
3.2. Global Advanced Ceramic Additives Market Outlook
3.3. Mapping of penetration and growth prospects
3.4. Industry value chain analysis
3.4.1. Manufacturing and Technology Outlook
3.5. Regulatory framework
3.6. Market dynamics
3.6.1. Market Driver Analysis
3.6.2. Analysis of market restrictions
3.6.3. Industry challenges
3.7. Porter’s Five Forces Analysis
3.8. PESTEL analysis
Chapter 4. Advanced Ceramic Additives Market: Estimates and Forecast Product Outlook
Chapter 5. Advanced Ceramic Additives Market: Application Outlook Estimates and Forecast
Chapter 6. Regional Outlook Outlook and Forecast of Advanced Ceramic Additives Market
Chapter 7. Competitive analysis
7.1. Key players and recent developments and their impact on the industry
7.2. Categorization of companies (market leaders, emerging players, main innovators)
7.3. Supplier landscape
7.3.1. List of raw material suppliers, distributors and other important manufacturers
7.3.2. List of advanced ceramics manufacturers
Chapter 8. Company Profiles
For more information on this report visit https://www.researchandmarkets.com/r/2m0f1s
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211221005573/en/
Laura Wood, Senior Press Director
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