The Indian advanced ceramics market is projected to grow at a significant CAGR of 10.1% during the forecast period. The key factors that drive the growth of the market include the increased adoption of advanced ceramics in energy and biomedical applications. As per the India Brand Equity Foundation (IBEF), as of October 2019, the installed renewable energy capacity was 83.37 GW, of which solar and wind comprise 31.7 GW and 37 GW respectively. As these applications in the country are emerging, it is likely to positively influence the growth of the market over the forecast period. Ceramics offer superior performance to that of stainless steel for lifting, stacking, and aligning glass panels in Physical Vapor Deposition (PVD) or sputter depositing, processing, and annealing. For instance, ceramic pins are used as locators and separators between key components inside the PVD reaction module chamber.

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The Indian advanced ceramics market is segmented on the basis of class type and end-user industry. Based on the class type, the market is segmented into monolithic ceramics, ceramic matrix composites, and ceramic coatings. Monolithic is estimated to hold a prominent share in the market and is estimated to continue this trend over the forecast period. However, the ceramic matrix composites segment is projected to exhibit significant growth during the forecast period. Based on the end-user industry, the market is segmented into electrical & electronics, automotive, healthcare, defense & security, and others.

Further, 3M Co., CeramTec GmbH, General Electric Co., S&S Advance Ceramics, and others are some of the prominent players operating in the Indian advanced ceramics market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the Indian advanced ceramics market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for advanced ceramics manufacturing companies, automobiles manufacturers, electrical and electronics companies, energy and power companies, supplier of wear-resistant parts, aircraft parts, ballistic armor, radiant heaters and other high-temperature components, turbines, and biocompatible materials, government organizations, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation:

1. India Advanced Ceramics Market Research and Analysis by Class Type
2. India Advanced Ceramics Market Research and Analysis by End-User Industry

The Report covers:

• Comprehensive research methodology of the Indian advanced ceramics market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian advanced ceramics market.
• Insights about market determinants which are stimulating the Indian advanced ceramics market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.