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.
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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.
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Class Type, By End-User Industry
- Competitive Landscape- 3M Co., CeramTec GmbH, Coorstek Inc., Kyocera Corp., Morgan Advanced Materials PLC, Rolls Royce Holdings Plc, and Rauschert GmbH
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Europe Advanced Ceramics Market – Segmentation
By Class Type
- Monolithic Ceramics
- Ceramic Matrix Composites
- Ceramic Coatings
By End-user Industry
- Electrical & Electronics
- Automotive
- Healthcare
- Defense & Security
- Others
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