The US advanced ceramics market is projected to grow at a CAGR of 5.4% during the forecast period. The key factors that drive the growth of the market include the increased demand for advanced ceramics for a variety of end-user industries. For instance, the US aerospace industry is considered as one of the largest industries as per the International Trade Administration (ITA). It contributes a major part to the US economy. The advanced ceramics are widely used in the manufacturing of the engine parts and other aerospace components. Similarly, these are also used in automobiles manufacturing owing to their properties. Thus, the increasing demand for lightweight materials in the overall transport industry and their performance capability at high temperatures are positively influencing the market growth in the country over the forecast period.

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The US 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., Applied Ceramics Inc., Coorstek Inc., Kyocera Corp., and Morgan Advanced Materials PLC, are some of the prominent players operating in the US 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. For instance, in May 2018, the GE Aviation, started a factory in Alabama for the production of ceramic matrix composites (CMCs) components that are usually utilized in the hottest portions of jet propulsion.

Research Methodology

The market study of the US 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. US Advanced Ceramics Market Research and Analysis by Class Type
2. US Advanced Ceramics Market Research and Analysis by End-User Industry

The Report covers:

• Comprehensive research methodology of the US 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 US advanced ceramics market.
• Insights about market determinants which are stimulating the US advanced ceramics market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.