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Advanced Ceramics Market Growth in Top Countries as Italy and Spain and Forecast 2028

The global advanced ceramics market size is projected to reach USD 1, 80,463.4 million by 2028. Fortune Business Insights™ presented this information in a new report, titled, “Advanced Ceramics Market, 2021-2028.” The report further mentions that the market stood at USD 82,972.9 million in 2020. It will exhibit a CAGR of 10.2% during the forecast period between” 2021-2028. The ongoing technological advancements and rising demand for modern consumer electronic appliances are expected to propel th


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Ashwini Bhamare

4 months ago | 1 min read
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The
global 
advanced
ceramics market
 size is projected to reach USD 1, 80,463.4 million by
2028. 
Fortune
Business Insights™
 presented this information in a new
report, titled, “
Advanced
Ceramics Market, 2021-2028
.” The report further mentions that
the market stood at 
USD
82,972.9 million
 in 2020. It will exhibit a CAGR of 10.2% during the
forecast period between” 2021-2028. The ongoing technological advancements and
rising demand for modern consumer electronic appliances are expected to propel
the need for electro ceramics. Advanced ceramics is extensively used in such
products because of their possession of multiple beneficial properties, such as
compressive strength.



Shutdown of Manufacturing Plants amid COVID-19 Pandemic May Impact
Growth



Numerous
companies in the U.S. and other countries have closed their manufacturing
plants temporarily amid the COVID-19 pandemic. It has also disturbed supply
networks in developing economies, such as India and China. Also, electronics
and automotive sectors showcased a decline in revenues backed by work-from-home
norms. But, regulatory bodies are striving to bring everything back to normalcy
by encouraging companies to start production. It would help in surging the
demand for advanced ceramics in the next couple of years.



Kyocera Corporation Acquires 100% Shares of H.C. Starck Ceramics
GmbH



In
February 2019, Kyocera Corporation, a multinational ceramics and electronics
manufacturer based in Japan, announced that Kyocera Fine ceramics GmbH, its
Germany-based European headquarters signed an agreement to acquire 100% shares
of H.C. Starck Ceramics GmbH. This acquisition will help Kyocera to introduce
its state-of-the-art fine ceramic manufacturing assets, innovative
technologies, and production lineup in Europe. Such initiatives by prominent
companies are likely to surge the demand for advanced ceramics worldwide.



Browse Complete Report Summary:



https://www.fortunebusinessinsights.com/advanced-ceramics-market-105073



Report Coverage-



The
research report of the advanced ceramics industry offers a comprehensive
analysis of existing companies that can affect the market outlook throughout
the forthcoming years. In addition to that, it provides an accurate assessment
by highlighting data on multiple aspects that may contain growth drivers,
opportunities, trends, and hindrances. It also represents the overall market
size from a global perspective by analyzing historical data and qualitative
insights.



Competitive Landscape-



Key Companies Aim to Participate in Acquisition Strategy to
Compete with Their Rivals



The
market houses several prominent manufacturers that are focusing on various
organic and inorganic strategies to compete with their rivals. Among them,
acquisition is the most significant strategy. International Syalons, for
instance, is a leading producer of silicon nitride and sialon-based ceramics.
It often participates in mergers and acquisitions to broaden its footprints and
generate more sales.



 







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