Advanced Ceramics Market Is Expected To Reach $ 147.34 Billion By 2030
San Francisco, 6 June 2023: The Report Advanced Ceramics Market Size, Share & Trends Analysis Report By Material (Alumina, Titanate), By Product (Monolithic, CMCs), By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030 The global advanced ceramics market size is expected to reach USD 147.34 billion by 2030, registering a CAGR of 4.0% according to a new report by Grand View Research, Inc. Increasing demand for high-performing lightweight materials in industries such as telecom, automotive, aerospace, and medical is propelling the market growth. Advanced ceramics, also referred to as engineered or technical ceramics, are developed to withstand harsh environments. They are manufactured from high-purity and inorganic compounds. They can be differentiated from traditional ceramics based on their raw materials, structures, manufacturing processes, and functionalities. The global demand for advanced ceramics is increasing owing to their enhanced characteristics.