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 US advanced ceramics industry include the rapid demand from the electrical and electronics industry in the country. The US is one of the major hubs for the development of advanced electrical and electronic devices. Advanced ceramics are widely used in electrical and electronics and it is also generally called electroceramics. There has been a rapid evolution in the development and innovations in these devices, which will trigger the advanced ceramics adoption. Thus, as the electrical and electronic industry will gain traction, the advanced ceramics industry will also gain momentum.
Browse the full report description of "US 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/us-advanced-ceramics-market
Further, these are also used for manufacturing the parts of the electric vehicles. The high temperature in the vehicles can cause failure and malfunction of the electrical equipment which can result in devastating outcomes. To overcome this problem, manufacturing companies and researchers switched to high temperature resistant composite materials. Players such as CoorsTek Inc. provides advanced ceramics for the vehicles. The automobile manufacturers are also focusing on reducing the vehicle weight to produce highly efficient and low fuel consumption vehicles. Thus, they are replacing traditional materials with advanced ceramics, which in turn, is driving the market growth in the country.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
US Advanced Ceramics Market – Segmentation
By Class Type
By End-user Industry