The global advanced ceramics market size reached US$ 104.4 Billion in 2023. Looking forward, the market is projected to reach US$ 195.8 Billion by 2032, exhibiting a growth rate (CAGR) of 7.24% during 2023-2032.
Advanced ceramics are inorganic and non-metallic solids produced from highly refined and purified powders. Some commonly used advanced ceramics include alumina, titanate, zirconia, silicon carbide, and aluminum and silicon nitride. They are widely used in rotors, combustors, furnace heaters, hot gas filtration, fuel cell membranes, gas turbine airfoils, diesel engine filters, and fuel injectors.
As compared to conventional ceramics, advanced ceramics have higher strength, stability, abrasion and chemical resistance, and can withstand extreme temperatures. They are also cost-effective and lightweight, offer high performance, improve productivity, and reduce operating costs. As a result, advanced ceramics are extensively used in aerospace, defense, industrial processing, and power generation industries.
Additionally, the introduction of advanced ceramics produced from eco-friendly processes and naturally occurring minerals due to the rising concerns regarding environmental degradation is providing an impetus to market growth. Moreover, the widespread product adoption for manufacturing components of various emerging and energy-intensive technologies, such as artificial intelligence (AI), Internet of things (IoT), and fifth generation (5G) telecommunication, due to its durability, low power consumption, non-volatility, and high speed is acting as another growth-inducing factor. Besides this, extensive product utilization in the medical industry, continuous research and development (R&D) activities, and rising product incorporation in military armor and protection equipment are supporting the market toward growth.
2. What is the expected growth rate of the global advanced ceramics market during 2024-2032?
3. What are the key factors driving the global advanced ceramics market?
4. What has been the impact of COVID-19 on the global advanced ceramics market?
5. What is the breakup of the global advanced ceramics market based on the material type?
6. What is the breakup of the global advanced ceramics market based on the class type?
7. What is the breakup of the global advanced ceramics market based on the end use industry?
8. What are the key regions in the global advanced ceramics market?
9. Who are the key players/companies in the global advanced ceramics market?
Advanced ceramics are inorganic and non-metallic solids produced from highly refined and purified powders. Some commonly used advanced ceramics include alumina, titanate, zirconia, silicon carbide, and aluminum and silicon nitride. They are widely used in rotors, combustors, furnace heaters, hot gas filtration, fuel cell membranes, gas turbine airfoils, diesel engine filters, and fuel injectors.
As compared to conventional ceramics, advanced ceramics have higher strength, stability, abrasion and chemical resistance, and can withstand extreme temperatures. They are also cost-effective and lightweight, offer high performance, improve productivity, and reduce operating costs. As a result, advanced ceramics are extensively used in aerospace, defense, industrial processing, and power generation industries.
Advanced Ceramics Market Trends
The global advanced ceramics market is primarily being driven by significant growth in the electrical and electronics industry. Advanced ceramics are widely used to produce various electronic components, such as transistor dielectrics, insulators, capacitors, integrated circuit (IC) packages, and piezoelectric components. Apart from this, increasing product demand in the automotive industry to manufacture spark plugs, clutches, engine filters, sensors for electronic controls, and heat-resistant engine parts is providing a considerable boost to market growth.Additionally, the introduction of advanced ceramics produced from eco-friendly processes and naturally occurring minerals due to the rising concerns regarding environmental degradation is providing an impetus to market growth. Moreover, the widespread product adoption for manufacturing components of various emerging and energy-intensive technologies, such as artificial intelligence (AI), Internet of things (IoT), and fifth generation (5G) telecommunication, due to its durability, low power consumption, non-volatility, and high speed is acting as another growth-inducing factor. Besides this, extensive product utilization in the medical industry, continuous research and development (R&D) activities, and rising product incorporation in military armor and protection equipment are supporting the market toward growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global advanced ceramics market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on material type, class type and end use industry.Breakup by Material Type:
- Alumina
- Titanate
- Zirconia
- Silicon Carbide
- Others
Breakup by Class Type:
- Monolithic Ceramics
- Ceramic Coatings
- Ceramic Matrix Composites
- Others
Breakup by End Use Industry:
- Electrical and Electronics
- Medical
- Transportation
- Defense and Security
- Chemical
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, AGC Inc., Blasch Precision Ceramics Inc., CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Corning Incorporated, Elan Technology, Ferrotec (USA) Corporation (Ferrotec Holdings Corporation), Kyocera Corporation, Materion Corporation, McDanel Advanced Ceramic Technologies LLC, Morgan Advanced Materials plc and Paul Rauschert GmbH & Co. KG.Key Questions Answered in This Report
1. What was the size of the global advanced ceramics market in 2023?2. What is the expected growth rate of the global advanced ceramics market during 2024-2032?
3. What are the key factors driving the global advanced ceramics market?
4. What has been the impact of COVID-19 on the global advanced ceramics market?
5. What is the breakup of the global advanced ceramics market based on the material type?
6. What is the breakup of the global advanced ceramics market based on the class type?
7. What is the breakup of the global advanced ceramics market based on the end use industry?
8. What are the key regions in the global advanced ceramics market?
9. Who are the key players/companies in the global advanced ceramics market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Advanced Ceramics Market
6 Market Breakup by Material Type
7 Market Breakup by Class Type
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- AGC Inc.
- Blasch Precision Ceramics Inc.
- CeramTec GmbH
- Compagnie de Saint-Gobain S.A.
- CoorsTek Inc.
- Corning Incorporated
- Elan Technology
- Ferrotec (USA) Corporation (Ferrotec Holdings Corporation)
- Kyocera Corporation
- Materion Corporation
- McDanel Advanced Ceramic Technologies LLC
- Morgan Advanced Materials plc
- Paul Rauschert GmbH & Co. KG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 104.4 Billion |
| Forecasted Market Value ( USD | $ 195.8 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
