The global advanced ceramics market is expected to reach USD 134.58 billion by 2024, according to a new report by Grand View Research, Inc. Rising product demand in numerous end-use industries on account of their longer life span, cost effectiveness as opposed to their conventional counterparts is expected to have a positive impact on the market over the next eight years.
Rising automobile demand among consumers on account of changing lifestyle and increasing disposable income is expected to fuel product need over the forecast period. In addition, the product has been substituting metals and plastics in high performance applications in the automotive sector which will propel industry growth over the projected period.
Advanced ceramics have been gaining high acceptance among consumers over the past few years due to rising awareness regarding their benefits such as high tensile strength, biodegradability and durability. Rising environmental concerns are expected to further fuel product demand over the next eight years.
Access research report on Advanced Ceramics Market analysis: http://www.grandviewresearch.com/industry-analysis/advanced-ceramics-market
Further key findings from the report suggest:
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Grand View Research has segmented the global advanced ceramics market on the basis of product, material, application and region:
Advanced Ceramics Material Outlook (Revenue, USD Million, 2013 – 2024)
Advanced Ceramics Product Outlook (Revenue, USD Million, 2013 – 2024)
Advanced Ceramics Application Outlook (Revenue, USD Million, 2013 – 2024)
Advanced Ceramics End-use Outlook (Revenue, USD Million, 2013 – 2024)
Advanced Ceramics Regional Outlook (Revenue, USD Million, 2013 – 2024)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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