Advanced Ceramics Market To Hit Usd 97.0 Billion By 2030 At 3.7% Cagr
February 16, 2023 ⚊ 1 Min read ⚊ Views 59 ⚊ BUSINESSAdvanced ceramics are materials with unique properties that offer many potential applications. They are used in a variety of industries, including electronics, aerospace, automotive, medical and military, due to their superior strength, thermal stability, electrical and chemical properties.
The global advanced ceramics market is estimated to reach USD 6.84 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a compound annual growth rate (CAGR) of 8.3% during the forecast period, 2020 to 2027. The growth of the market is attributed to the increasing demand for advanced ceramics in various applications in the healthcare, automotive, and defense industries.
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Tags: Advanced Ceramics