Global Advanced Ceramics Market is Expected to Foresee Significant Growth. Asia-Pacific to Hold a Significant Share!
- Himanshu Patni
- November 21, 2022
- CHEMICAL
- Advanced Ceramics Market, Advanced Ceramics Market Growth, Advanced Ceramics Market Share, Advanced Ceramics Market Size, Advanced Ceramics Market Trends
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Advanced ceramics also known as technical ceramic, offers improved magnetic, optical, thermal, and electrical conductivity. It is defined as nonmetallic inorganic solid materials that possess qualities such as corrosion resistance, low thermal expansion, high-temperature stability, and a lightness of weight. In addition, advanced ceramics have industrial applications such as electrical & electronics, transportation, medical, defense & security, environmental, and chemical. Moreover, advanced ceramics are eco-friendly and possess electrical properties ranging from non-conductive to highly conductive. These ceramics also act as insulators and semiconductors, which further drive the growth of the advanced ceramics market. Furthermore, the eco-friendly properties of these materials and easy availability of raw materials further fuel the growth of the advanced ceramics market in the coming years. Also, end-users have been able to reduce their production and energy costs with the help of advanced ceramics that provide high efficiency to end products. For instance, in September 2019, Kyocera Corporation and Ube Industries Ltd. signed a joint venture agreement to manufacture ceramic filters for 5G base stations. By combining the filter design technology of Ube Electronics with Kyocera’s global ceramic components manufacturing expertise and sales network to meet the rising demand for these key components, enabling the expansion of 5G technology. The global advanced ceramics market is expected to witness a CAGR of around 6% during the forecast period (2022-2028).
However, Covid – 19 has devasted the global economy due to which many sectors experienced a downfall as the demand for advanced ceramics got reduced within the industries due to their shutdown. The production and supply chain in many industries got declined due to a lack of operations which directly or indirectly affected the market for advanced ceramics. In addition, the production of nonmetallic inorganic solid materials requires the use of advanced ceramics, by which the growth of the advanced ceramics market will be seen during the forecasted period.
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Based on material, the market is fragmented into alumina ceramics, titanate ceramics, zirconia ceramics, silicon carbide ceramics, and others. During the forecast period, the zirconia ceramics segment is likely to dominate the global advanced ceramics market. As it is high resistance to crack propagation, excellent strength, high fracture toughness, and high thermal expansion. In addition, these properties exhibit increased product lifespan, reduce overall maintenance costs, and improve performance & efficiency. Furthermore, the factors justify its use in the market which will drive the market growth of zirconia advanced ceramics during the forecasted period.
Based on application, the market is fragmented into monolithic ceramics, ceramic matrix composites, ceramic coatings, and others. During the forecast period, the ceramic matrix composites segment is likely to dominate the global advanced ceramics market. As it poses low density, hardness, creep resistance and superior thermal & chemical resistance make ceramic matrix components ideal for use in various end-use industries such as transportation, aerospace, energy & power, medical, electrical & electronics, defense, and marine. In addition, they possess enhanced properties owing to the combination of different materials such as being lightweight, having high strength, offer excellent thermal shock properties. Furthermore, the factors justify its use in the market which will drive the growth of ceramic matrix composites during the forecasted period. For instance, In July 2021, Mitsubishi Chemical Corporation announced the development of its new CMC material, a combination of metal and carbon fiber. The product possesses high molding workability and is also low in cost without compromising on features such as wear resistance, lightweight, low dust generation, high heat resistance, and high rigidity. The product is used as brake material in industrial machine parts and mobility.
For a detailed analysis of the global Advanced Ceramics market browse through – https://univdatos.com/report/advanced-ceramics-market/
Based on end-user, the market is fragmented into electrical & electronics, transportation, healthcare, defense & security, environmental, chemical, and others. In 2020, the healthcare segment is seen dominating the growth of the advanced ceramics market. The growth of the market is due to some factors such as biocompatibility, wear & chemical resistance, high compressive strength, low friction coefficient, and non-toxicity makes advanced ceramics ideal for use in orthopedic and dental implants in the healthcare industry. In addition, advanced ceramics are used medical devices and equipment, like ultrasonic tools, infusion pumps, dialysis machines, and diagnostic equipment. Furthermore, the above factors are driving the market growth of advanced ceramics in the forecasted period.
For a better understanding of the market adoption of the scrubber system, the market is analyzed based on its worldwide presence in the regions such as North America; Europe; Asia-Pacific; and the Rest of the World. Asia-Pacific is likely going to have significant growth in the advanced ceramics market during the forecasted period. Owing to the increase in demand from the electrical & electronics industry in the region is accelerating the advanced ceramics market which in turn enhances the business growth that is increasing the production of advanced ceramics. In addition, growing technological developments for the use of advanced ceramics in nanotechnologies, wind turbines, or other pollution control applications are boosting the market growth of advanced ceramics. Furthermore, in China, the high demand for aviation has led to the government’s introduction of an airport building program, which includes colossal investment in terminals and runways. This is expected to make advancements in the region’s advanced ceramics market. For instance, in February 2022, Tata Steel Advanced Materials (TSMAL), an indirect wholly-owned subsidiary of Tata Steel, executed a share purchase cum shareholders’ agreement for the acquisition of a 90% equity stake in Ceramat (CPL).
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Some of the major players operating in the market are 3M Company, Ceramtec GmbH, Coorstek Inc., AGC Ceramics Co. Ltd., Kyocera Corporation, Saint-Gobain Ceramic & Plastics Inc., Morgan Advanced Materials, Murata Manufacturing Co. Ltd., Corning Inc, Vesuvius plc. Several M&As along with partnerships have been undertaken by these players to develop the advanced ceramics market. For instance, in June 2022, Momentive Technologies announced an agreement to acquire CoorsTek’s crucibles product line. In which Silicon Semiconductor customers, a full range of crucible sizes to meet their advanced needs.
Global Advanced Ceramics Market Segmentation
Market Insight, by Material
- Alumina Ceramics
- Titanate Ceramics
- Zirconia Ceramics
- Silicon Carbide Ceramics
- Others
Market Insight, by Application
• Monolithic Ceramics
• Ceramic Matrix Composites
• Ceramic Coatings
• Others
Market Insight, by End-User
• Electrical & Electronics
• Transportation
• Healthcare
• Defence & Security
• Environmental
• Chemical
• Others
Market Insight, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- 3M Company
- Ceramtec GmbH
- Coorstek Inc.
- AGC Ceramics Co. Ltd.
- Kyocera Corporation
- Saint-Gobain Ceramic & Plastics Inc.
- Morgan Advanced Materials
- Murata Manufacturing Co. Ltd.
- Corning Inc.
- Vesuvius plc
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