Advanced Ceramics Market expected to expand at a CAGR of 4.0% from 2022 to 2030
Advanced Ceramics Industry Overview The global advanced ceramics market size is expected to reach USD 147.34 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.0% from 2022 to 2030. Increasing demand for high-performing lightweight materials in industries such as telecom, automotive, aerospace, and medical is propelling the market growth. Advanced Ceramics Market Segmentation Grand View Research has segmented the global advanced ceramic market on the basis of material, product, application, end-use, and region: Based on the Material Insights , the market is segmented into Alumina, Titanate, Zirconate, Ferrite, Aluminum Nitride, Silicon Carbide, and Silicon Nitride. Alumina held the largest revenue share of over 30.0% in 2021 and this trend is anticipated to continue over the forecast period. Alumina-based advanced ceramics are used for harsh applications that need characteristics such as thermal stab...