Europe Alumina Ceramics Market is expected to reach US$ 1,130.20 million by 2027

PRESS RELEASE BY The Insight Partners 16 Mar 2021

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According to The Insight Partners market research study on “Europe 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$ 1,130.20 million by 2027 from US$ 911.74 million in 2019 and is expected to grow at a CAGR of 3.2% from 2020 to 2027. The report provides trends prevailing in the Europe Alumina Ceramics Market and the drivers and restraints pertaining to the market growth. Environmental friendliness and reliability of alumina ceramics is the primary factor driving the Europe 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 Europe. Besides, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In Europe, as per the recent data, Russia has recorded the highest number of COVID cases. Other than this, France, UK, Italy, Spain and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.

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 Europe 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, Dynamic Ceramic, Ferrotec Holdings Corporation , Kyocera Corporation, Morgan Advanced Materials , and Saint Gobain S.A. are few of the companies amongst the major players operating in Alumina Ceramic Market. These companies provide wide range of product portfolio for 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 towards the development of high quality and innovative products to fulfil the customer’s requirements. The companies have realized the immense potential pertaining to alumina ceramic and were observed highly involved in merger and acquisition, product news rand market initiatives. For example, in 2019, Kyocera Corporation and Ube Industries, Ltd, the two companies have signed a joint venture agreement to manufacture ceramic filters for 5G base stations.

The Report Segments The Europe Alumina Ceramics Market As Follows:

Europe Alumina Ceramics Market, by Application

  • Electronics and Semiconductors
  • Energy and Power
  • Military and Defense
  • Automotive
  • Industrial
  • Medical
  • Others

Europe Alumina Ceramics Market, by Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe
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