Worldwide Alumina Ceramic Industry to 2027 - by Application and Geography - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 12, 2021--
The “Alumina Ceramic Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Application” report has been added to ResearchAndMarkets.com’s offering.
According to this report the global alumina ceramic market was valued at US$ 4,428.90 million in 2019 and is projected to reach US$ 5,615.27 million by 2027; it is expected to grow at a CAGR of 3.5% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Alumina ceramic is the most advanced engineering ceramic that provides outstanding electrical insulation properties combined with high hardness and good wear resistance, but with relatively low strength and fracture strength. Alumina ceramics are usually white but can also be pink (with 88% alumina) or brown (with 96% Alumina). High-purity alumina ceramics are ideal for environment where wear resistance and corrosive substances are necessary. It has superior thermal stability, which means that it is commonly used in areas where high-temperature tolerance is important. Alumina ceramic is a material of choice for the alumina wear components. Proven wear and a heat resistance of alumina wear parts make them suitable for the manufacturing of wear-resistant components.
Alumina ceramic has high electrical insulation, acid and alkali corrosion resistance, and abrasion resistance. Advanced ceramics are used in a range of fields, including automotive and electronic equipment components. The products based on alumina ceramics such as ceramic bearings, mechanical seals, valves, and sensors are used in the automotive sector. For instance, Yttria Stabilized Zirconia - a ceramic material known for its high strength - is suitable for pump components such as fuel injectors and mechanical seals for engines requiring high durability. Further, alumina ceramics are cost-effective and durable than plastics and have found widespread use in the automotive industry, as advanced manufacturing technologies for car components need high-quality materials at an affordable cost.
Moreover, ceramics can exhibit a variety of electrical properties, from insulators to resistors to semiconductors. Wide ceramic insulators that carry high-voltage electrical transmission wires are made of alumina. Ceramic insulators, such as alumina, are very strong heat conductors. They can be used as supporting material or as mounting brackets to which other electrical components are connected. For example, electronic devices in a modern car are placed on alumina. When the electronics unit runs, it produces heat, and the backrest of the alumina holds the heat away. This makes it possible for the electronic devices to work efficiently.
BMW Steels Ltd.; Ceramtec; Dynamic Ceramic; Ferrotec Holdings Corporation; Kyocera Corporation; LSP Industrial Ceramics, Inc.; Morgan Advanced Materials; Saint Gobain S.A.; Sentro Tech; and Xiamen Innovacera Advanced Materials Co., Ltd. are among the well-established players operating in the global alumina ceramic market.
Impact of COVID-19 Pandemic on Alumina Ceramic Market
The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of December 2020, the US, Brazil, India, Russia, Spain, and the UK are among the worst affected countries in terms confirmed cases and reported deaths. The outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Major industries across the world are suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns.
In addition, China is the global manufacturing hub and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and disrupting the manufacturing activities, delivery schedules, and various materials sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. Also, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are restraining the growth of the alumina ceramic market.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global alumina ceramics market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest `with respect to products, segmentation and industry verticals.
- Growing Demand for Alumina Ceramic in Automotive and Medical Industries
- Environmental Friendliness and Reliability of Alumina Ceramics
- Higher Cost Than Metal and Other Alloys Counterparts
- Rising Demand in Medical Industry
- Increased Use as an Alternative to Metals and Plastics
- Saint Gobain S.A
- Xiamen Innovacera Advanced Materials Co., Ltd.
- Sentro Tech
- LSP Industrial Ceramics, Inc
- Morgan Advanced Materials
- Kyocera Corporation
- Dynamic Ceramic
- BMW Steels Ltd
- Ferrotech Holdings Corporation
For more information about this report visit https://www.researchandmarkets.com/r/az6bp8
View source version on businesswire.com:https://www.businesswire.com/news/home/20210412005616/en/
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PUB: 04/12/2021 09:59 AM/DISC: 04/12/2021 09:59 AM