
Published On: Mar 2021
Published On: Mar 2021
According to a new market research study on “North America Alumina Ceramics Market Forecast to 2027 – COVID-19 Impact and Analysis – By Application (Electronics and Semiconductors, Energy and Power, Military and Defense, Automotive, Industrial, Medical, and Others),” is expected to reach US$ 1,601.6 million by 2027 from US$ 1265.0 million in 2019 and is expected to grow at a CAGR of 3.5% from 2020 to 2027. The report provides trends prevailing in the North America Alumina Ceramics Market and the drivers and restraints pertaining to the market growth. Growing demand for alumina ceramic in automotive and medical industries is the primary factor driving the North America Alumina Ceramics Market. However, a higher cost of alumina ceramic as compared to metal and other alloys counterparts is expected to hinder the market growth in the North America. Besides, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In the North America, US has the highest number of confirmed coronavirus cases than Mexico and Canada. This is expected to impact the chemical and materials industry in the region. Due to the COVID-19 outbreak, the supply chain is expected to get affected and negatively impact the North America Alumina Ceramics Market.
Based on application, the alumina ceramics market is categorized into electronics and semiconductors, energy and power, military and defence, automotive, industrial, medical, and others. In 2019, the electronics and semiconductors segment dominated the North America Alumina Ceramics Market. The use of aluminium ceramics in the electronics and semiconductors for interconnectors, resistors, and capacitors favours this segment's growth. Packaging materials need to have strong light-shield properties to ensure the visibility of the digital display. The use of ceramics decreases the effective weight of assembled electronics, fueling the market for alumina ceramics in the electronics and semiconductors industries.
Ceramtec; Ferrotec Holdings Corporation ; Kyocera Corporation ; LSP Industrial Ceramics, Inc; Morgan Advanced Materials ; Saint Gobain S.A.; Sentro Tech are few of the companies amongst the major players operating in Alumina Ceramic Market. These companies provide a wide range of product portfolio for the alumina ceramic market. These companies have their presence in the developing regions, which provides a lucrative opportunity for alumina ceramic products. These market players are highly focused on developing high quality and innovative products to fulfil the customer’s requirements. The companies have realized the immense potential of alumina ceramic and were observed highly involved in mergers and acquisitions, product news, and market initiatives. For example, in 2019, Kyocera Corporation and Ube Industries, Ltd, the two companies have signed a joint venture contract to manufacture ceramic filters for 5G base stations.
The Report Segments The North America Alumina Ceramics Market As Follows:
North America Alumina Ceramics Market, by Application
North America Alumina Ceramics Market, by Country
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