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The Global Advanced Ceramic Market Size is valued at 10.37 billion in 2023 and is predicted to reach 15.86 billion by the year 2031 at a 5.70% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- There is a growing demand for advanced ceramics in the electronics and semiconductor industries for applications such as insulators, substrates, and components in electronic devices.
- Increasing environmental regulations and a focus on sustainability drive the adoption of advanced ceramics in applications like catalytic converters, where they contribute to reducing emissions in combustion processes.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- One of the significant concerns restraining industry growth involves complex and energy-intensive processes, contributing to elevated manufacturing costs.
The advanced ceramic market refers to a broad range of ceramic materials designed for specialized, high-performance applications. Advanced ceramics offer a unique combination of properties, including high hardness, strength, heat resistance, wear, and corrosion, making them ideal for use in the aerospace, defense, energy, and electronics industries.
The market for advanced ceramics is highly diverse, with many different types of ceramic materials available for different applications. Some of the most common advanced ceramic materials include alumina, zirconia, silicon carbide, and titanium diboride. The advanced ceramic market demand is expected to rise in the coming years, driven by increasing demand for high-performance materials in the aerospace, defense, and energy industries.
However, the advanced ceramics industry also faces challenges related to cost, processing, and regulatory hurdles, which may limit its growth in certain applications.
Recent Developments:
- In May 2022, A consortium set up to develop the next generation in battery technology received a significant boost with the donation of a pioneering advanced material to the project.
- In February 2021, Coorstek made public the location of a new manufacturing facility there.
- In March 2019, With a USD 20 million investment, CeramTec North America announced the development of its Laurens Country business.
Competitive Landscape:
Some of the advanced ceramic market players are:
- 3M
- Advanced Ceramics Manufacturing (U.S.)
- AGC Ceramics Co., Ltd.
- CeramTec GmbH
- CoorsTek Inc.
- Elan Technology
- International Syalons (UK)
- KYOCERA Corporation
- Morgan Advanced Materials
- Murata Manufacturing Co., Ltd.
- Nishimura Advanced Ceramics Co., Ltd.
- Ortech Advanced Ceramics
- S&S Advance Ceramics (India)
- Saint-Gobain (U.S.)
- Technocera (India)
Market Segmentation:
The advanced ceramic market is segmented based on material, application, and end-use industry. The market is segmented as alumina, titanate ceramics, zirconia, silicon carbide, and others based on material. By application, the market is segmented into monolithic ceramics, ceramic coatings, ceramic matrix composites, ceramic filters and others. Based on end use, the market is segmented into electrical & electronics, transportation, medical, defense & security, environmental, chemical and others.
Based On Material, The Zirconia Ceramics Segment Is Accounted As A Major Contributor To The Advanced Ceramic Market
Zirconia ceramics was expected to continue its dominance in the global advanced ceramic market. Zirconia ceramics have excellent mechanical properties, including high strength, toughness, and wear resistance, making them ideal for various applications such as cutting tools, medical implants, and electronic components. Additionally, zirconia ceramics offer excellent biocompatibility, making them suitable for medical and dental applications. However, other types of advanced ceramics, such as alumina, silicon carbide, and titanium carbide, also have unique properties and advantages. Their market share may change based on specific industry needs and trends.
The Medical Segment Witnessed Growth At A Rapid Rate
The medical industry was one of the leading applications for advanced ceramics and was expected to continue its growth in the coming years. Advanced ceramics have a wide range of applications in the medical industry, such as dental implants, joint replacements, and surgical tools, due to their excellent biocompatibility, mechanical properties, and resistance to wear and corrosion. The increasing demand for advanced ceramics in the medical industry can be attributed to factors such as the growing aging population and rising prevalence of chronic diseases, as well as the increasing awareness of the benefits of advanced ceramics in medical applications. However, advanced ceramics also have applications in other industries, such as electronics, automotive, and energy, and their market share may change based on specific industry needs and trends.
The North American Advanced Ceramic Market Holds A Significant Revenue Share In The Region
The growth in the North American advanced ceramic market can be attributed to elements such as the increasing need for advanced ceramics in various applications, such as aerospace, defense, and medical industries, as well as the presence of many manufacturers and suppliers in the region. Additionally, favorable government initiatives and investments in research and development activities have also contributed to the growth of the advanced ceramic market in North America. However, other regions, such as Asia Pacific and Europe, also have a significant share in the advanced ceramic market, and their market share may increase in the coming years.
Advanced Ceramic Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 10.37 Bn |
|
Revenue forecast in 2031 |
USD 15.86 Bn |
|
Growth rate CAGR |
CAGR of 5.70% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Material, Application, And End-Use Industry |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Kyocera Corporation, CeramTec, CoorsTek, Saint-Gobain Ceramic Materials, Morgan Advanced Materials, and 3M. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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