Advanced Ceramics Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Material (Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings, Others); Application (Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings, Others); End-User (Electrical & Electronics, Transportation, Healthcare, Defence & Security, Environmental, Chemical, Others); and Region/Country
The Advanced Ceramics Market is expected to witness a CAGR of around 6% during the forecast period (2022-2028). As the market is anticipated to witness growing demand for better alternative materials to conventional ones and increasing demand for electronics products. For instance, in March 2021, Ceramtec vertically integrated its manufacturing of advanced piezoceramics into the assembly of ultrasonic sensors and transducers. With this integration, the company is successful in offering end-to-end service for specified high-power Langevin transducers with a full-service offer, including the design, development, and manufacture of transducers for different medical applications.
In addition, major players such as 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.
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 6.4% during the forecast period (2021–2027).
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.
Insights Presented in the Report
“Amongst material, zirconia ceramics segment to hold a significant share in the market”
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.
“Amongst application, ceramic matrix composites category to hold a significant share in the market”
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.
“Amongst end-user, healthcare category to hold a significant share in the 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.
Asia-Pacific to witness significant growth during the forecast period”
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).
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.1. Market Definitions|
|1.2. Main Objective|
|2.1. Research Process of the Advanced Ceramics Market|
|2.2. Research Methodology of the Advanced Ceramics Market|
|2.3. Respondent Profile|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5. GLOBAL ADVANCED CERAMICS MARKET COVID-19 IMPACT|
|6. GLOBAL ADVANCED CERAMICS MARKET REVENUE (USD BN), 2020-2028F|
|7.1. Alumina Ceramics|
|7.2. Titanate Ceramics|
|7.3. Zirconia Ceramics|
|7.4. Silicon Carbide Ceramics|
|8.1. Monolithic Ceramics|
|8.2. Ceramic Matrix Composites|
|8.3. Ceramic Coatings|
|9.1. Electrical & Electronics|
|9.4. Defence & Security|
|10.1. North America|
|10.1.3. Rest of North America|
|10.2.2. United Kingdom|
|10.2.6. Rest of Europe|
|10.3.5. Rest of Asia-Pacific|
|10.4. Rest of World|
|11.1. Market Drivers|
|11.2. Market Challenges|
|11.3. Impact Analysis|
|12. ADVANCED CERAMICS MARKET OPPORTUNITIES|
|13. ADVANCED CERAMICS MARKET TRENDS|
|14. VALUE CHAIN ANALYSIS|
|15.1. Competitive Landscape|
|15.1.1. Porters Five Forces Analysis|
|16.1. 3M Company|
|16.2. Ceramtec GmbH|
|16.3. Coorstek Inc.|
|16.4. AGC Ceramics Co. Ltd.|
|16.5. Kyocera Corporation|
|16.6. Saint-Gobain Ceramic & Plastics Inc.|
|16.7. Morgan Advanced Materials|
|16.8. Murata Manufacturing Co. Ltd.|
|16.9. Corning Inc.|
|16.10. Vesuvius plc|
Research Methodology for the Advanced Ceramics Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the advanced ceramics market were the three major steps undertaken to create and analyze the adoption of advanced ceramics in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the advanced ceramics market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the advanced ceramics market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the advanced ceramics market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as material, application, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the advanced ceramics market. Further, we conducted factor analysis using dependent and independent variables such as various materials, applications, and end-user of advanced ceramics equipment. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the advanced ceramics market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the advanced ceramics market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the advanced ceramics market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the advanced ceramics market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at a precise statistical number for each segment and sub-segment of the advanced ceramics market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of various materials, applications, and end-user in the advanced ceramics market.
The main objective of the Advanced Ceramics Market Study
The current & future market trends other than the advanced ceramics market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investment on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the advanced ceramics market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of material, application, and end-user
- Define and analysis of the regulatory framework for the advanced ceramics market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the advanced ceramics market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world
- Company profiles of the advanced ceramics market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry