Advanced Ceramics Market to Hit USD 97.0 Billion by 2030 at 3.7% CAGR
February 16, 2023 ⚊ 1 Min read ⚊ Views 58 ⚊ BLOG
The advanced ceramics market size is registered as USD 97.0 billion and is expected to grow at a significant rate of 3.7% CAGR in the forecast period 2021-2030.
Advanced Ceramics are used in a wide range of end-user industry applications owing to their excellent chemical & heat resistance and mechanical stresses properties. It is extensively used in applications such as medical devices, transport equipment, armor material, semiconductors, insulators, and others. The rising growth of the pharmaceutical and automotive industry across the globe is substantially affecting the growth of the advanced ceramics market.
The global advanced ceramics market is being driven by a range of applications in the various end-use industries such as automotive, electrical and electronics, pharmaceuticals, military & defense, and others.
