Dec 11, 2020 (AmericaNewsHour) -- Research Nester released a report titled "Advanced Ceramics In Power And Metallurgy Market - Global Demand Analysis & Opportunity Outlook 2027" which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter's five force model.
Industrial valve shipments in the power generation industry peaked 11.8 (% of total) in 2018 as compared to 11.1 (% of total) in 2010, as per the statistics formulated by Valve Manufacturers Association of America (VMA).
The indicators deliver the essentialities of part restoration in the power industry. Majority of the components experience deterioration in their form and shape, owing to exposure to extreme temperature and containment of hazardous chemical solutions, suspensions, coal slurries and others, thereby driving enterprises to exploit the opportunities of advanced ceramics.
The term " advanced ceramics " is characterized as a crystalline microstructure, which possesses extensive resistance towards melting, stretching, corrosion, blending or wear and exhibit properties of refractoriness & hardness, low density, low coefficient of thermal expansion (CTE) and operational higher working temperatures. Increasing applications of abrasives, refractories, and other thermal resistant constituents, formed by advanced ceramics, is anticipated to encourage the growth of the advanced ceramics in power and metallurgy market.
The advanced ceramics in power and metallurgy market is anticipated to record moderate CAGR over the forecast period, i.e. 2019-2027. The market is segmented by application type into wear and tear, cutting and others. Among these segments, wear and tear segment is anticipated to hold largest market share, owing to multiplying eustress of restoration of spare parts, usually valves and pumps among others.
Geographically, the advanced ceramics in power and metallurgy market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, Asia-Pacific is foreseen to have enormous market share accounting to utmost number of coal powered power plants, accompanied by being the greatest producer of steel. Furthermore, growing demand for reinstatement of components in these industries is estimated to fuel the growth of the market in the region.
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However, fluctuation in the prices of raw materials raising the overall production cost is estimated to act as a barrier to the growth of the market during the forecast period.
This report also studies existing competitive scenario of some of the key players of the advanced ceramics in power and metallurgy market, which includes profiling of Advanced Ceramics Corp., KYOCERA Corporation (tyo:6971), CeramTec GmbH, CoorsTek Inc., Saint-Gobain (epa:SGO), Morgan Advanced Materials (lon:MGAM), COI Ceramics, Inc., 3M /zigman2/quotes/205029460/composite MMM +0.48% , Corning Incorporated /zigman2/quotes/200045496/composite GLW +1.72% , and H.C. StarckGmbh.
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled"Advanced Ceramics in Power and Metallurgy Market - Global Demand Analysis & Opportunity Outlook 2027", analyses the overall advanced ceramics in power and metallurgy industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the advanced ceramics in power and metallurgy market in the near future.
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