North America advanced ceramics market is projected to grow at a CAGR of 5.7% during the forecast period. The key factors that drive the North American advanced ceramics industry include the high demand for advanced ceramics from various end-user industries such as transport, healthcare, energy, and power among others in the region. The North American region also has the footprints of the major players thriving in the market, such as General Electric Co., Rolls Royce Holdings Plc, 3M Co., and many others, which accelerates the growth of the market.
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There are several key activities by these players in order to contribute to market growth. For instance, in May 2018, the GE Aviation, a subsidiary of General Electric Co., started a factory in Alabama with an investment of approximately $200 million. The company majorly focusses on the production of ceramic matrix composites (CMCs) components that are usually utilized in the hottest portions of jet propulsion. Further, in October 2018, the company also accomplished the production of 30,000 3D printed fuel nozzle tips. Thus, such activities by the key players are likely to contribute to the growth of the market over the forecast period.
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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., Applied Ceramics Inc., Coorstek Inc., Kyocera Corp., and Morgan Advanced Materials PLC
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?
North America 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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