The European advanced ceramics market is projected to grow at a CAGR of 6.2% during the forecast period. The market is primarily sectioned as the UK, Germany, France, Italy, Spain, and the Rest of Europe. The key factors that drive the European advanced ceramics industry include the wide adoption of these ceramics by the automakers and aircraft companies. The major company providing advanced ceramics to these companies Rolls-Royce Holdings PLC, Safran Group, CeramTec GmbH, H.C. Starck GmbH, and Rauschert GmbH. Additionally, a number of major aviation companies are located in Europe including Airbus, Dassault Aviation, and so on, which are providing a significant opportunity to the market.
Browse the full report description of "Europe Advanced Ceramics Market Size, Share & Trends Analysis Report by Class Type (Monolithic Ceramics, Ceramic Matrix Composites, and Ceramic Coatings), and by End-user Industry (Electrical & Electronics, Automotive, Healthcare, Defense & Security, and Others), and Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/europe-advanced-ceramics-market
Further, the major automotive players have their headquarters in Europe including Volkswagen, Daimler, BMW, Robert Bosch, Peugeot, Renault, Volvo, Continental, and so on. All these companies are shifting their focus on altering traditional products with advanced ceramics. Besides, these also export a significant number of automobiles all across the globe creating a substantial demand for the advanced ceramics in the region over the forecast period.
Apart from this, the defense & security sector of the region is also creating opportunities for market growth. As per the Aerospace and Defense Industries Association of Europe, the European aerospace and defense industry accounted for around $280 billion in 2018 and is expected to witness an upsurge in the near future. Thus, these aforementioned factors together support the regional growth of the market.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
Europe Advanced Ceramics Market – Segmentation
By Class Type
By End-user Industry
Europe Advanced Ceramics Market – Countries Covered