Advanced Ceramics Market: Global Industry Analysis and Forecast (2023-2029)

Advanced Ceramics Market was valued at USD 10.9 Billion in 2022, and it is expected to reach USD 15.56 Billion by 2029, exhibiting a CAGR of 5.2% during the forecast period (2023-2029)

High-tech ceramics, technical ceramics, high-performance ceramics, and engineered ceramics are all terms for advanced ceramics. To produce higher-quality ceramics, technologies such as hydraulic pressing, injection moulding, isostatic pressing, tape casting, and pressure casting are employed. Ceramics have a wide range of properties, including heat, wear, temperature, and corrosion resistance, as well as food compatibility and biocompatibility.

Rising demand for the product from the automotive and medical industries would help drive major market growth. The substantial consumption of the product in the automobile sector may be noticed in battery components due to its thermal and electrical qualities. Zirconia ceramics are widely used in the medical business. Its beneficial biological, physical, and aesthetic features are driving its rise. As a result, it will demonstrate an increase in demand for implant abutments, artificial bones, and endosseous implants. As a result, rising product demand in these industries will drive advanced ceramics market growth during the forecast period.

CeramTec developed a ceramic power module for drive inverters for e-mobility systems in April 2021. CeramTec and the Fraunhofer Institute for Integrated Systems and Device Technology cooperated to develop cooling solutions for power electronics in e-mobility drive trains, with a May 2021 release date stated. Coorstek announced its new production site in Southeast Asia in February 2021. The first phase of the 400,00 square foot engineered ceramics production facility is located in the Thai province of Rayong. The groundbreaking ceremony took place on January 25th, and building will begin in February 2021.To know about the Research Methodology :- Request Free Sample Report
Advanced Ceramics Market Dynamics
R&D and Advanced Ceramics Technology Fueling Demand for Advanced Ceramics

Consistent developments in the research and development framework are broadening the application possibilities for advanced ceramics, benefiting the leading advanced ceramics producers. Improvements in fracture toughness, mainly for structural ceramics, are one such notable advancement. Unlike traditional ceramics, which have little strength, modern ceramics are making strides with unsurpassed strength and robustness. Recent advancements in energy-harvesting technologies, increased usage of silicon nitride ceramics, and rising acceptance of titania-based materials are expected to drive Advanced Ceramics market growth.

With the purpose of enhancing the efficiency of advanced ceramics, such as fibre reinforcement and inclusion of additional duct binders, advanced ceramics technology has been brought to the forefront, affecting year-on-year growth of the worldwide market. The Advanced Ceramics business is growing due to expanding demand for electroceramics, increased usage of ceramic coatings, and rising sales of high-performance ceramics.High-Performance Properties of Advanced Ceramics Benefits End-Use Industry

Advanced ceramics outperform traditional materials such as aluminium and steel in terms of corrosion resistance, resulting in cheaper maintenance and other expenses for aviation, vehicles, and armors. Because of this, advanced ceramics are appropriate for a wide range of end-user sectors, including military & defence, aerospace, automotive, electronics, and energy & power.

Thermal expansion is a typical flaw seen in a variety of components including energy and power, aerospace, military, and automotive. Thermal expansion is caused by high temperatures and variable conditions, and it leads to component breakdown. Under the same climatic circumstances, modern ceramics have substantially lower thermal expansion than other standard alloys and metals. This aspect has influenced the utilisation of these ceramics in several end-use industries.

Alumina Ceramics Gaining Immense Popularity in the Advanced Ceramics Industry

Alumina ceramics dominate the Advanced Ceramics market. Alumina ceramics sales are expected to grow 2.3X during the forecast period. Alumina ceramics offer exceptional properties that allow them to be used in a wide range of applications, including wear, structural, and corrosive environments. Alumina ceramics are frequently used in semiconductor equipment, wafer transfer components, and heat resistant and electrical insulation components due to their electrical characteristics. It has up to twenty times the heat conductivity of common oxides.

High purity alumina may be employed in both oxidising and reducing conditions. Alumina-based composites are essential for the manufacture of monolithic specimens. The ability of alumina ceramics to generate convolute structures while permitting transparency and accuracy at both large and small dimensions at a low cost underpins their popularity as a desired material.

Rising Demand for Electroceramics is Trending in the Advanced Ceramics Industry

Rising demand for ceramics in the realm of electroceramics will drive market growth over the forecast period. The subclass of advanced ceramics known as electroceramics is employed in applications ranging from basic insulating materials to complicated ferroelectrics. The product has strong temperature and pressure resistance, compressive strength, and wear resistance qualities. Furthermore, the rising need for sophisticated consumer electronic products, as well as continued improvements in electronics technology, are expected to drive demand for electroceramics.

This prompted other producers to focus more on electroceramics-based goods and develop novel features for their offers. CeramTec, for example, purchased Morgan Advanced Materials' U.K. electroceramics business in February 2017. As a result, these factors will increase demand for electroceramics and accelerate the growth of the advanced ceramics market.

Rise in Demand for Ceramic Matrix Composites in High-Performance Engineering Applications

Ceramic matrix composites (CMCs), which are reinforced with fibres such as silicon carbide, provide end users with significant qualities such as low density, better thermal and chemical resistance, and increased strength. This, along with CMCs' inherent ability to be modified as composites, qualifies the material for high-performance engineering applications, particularly in the aerospace and military sectors.

Ceramic matrix composites, whether oxide-oxide, C/C, or SiC/SiC, offer enormous promise in 3D printing due to the mix of qualities necessary in the industry space. The advanced ceramics landscape is seeing new innovations of extremely efficient next generation CMCs that are widely used in critical applications including military, industrial turbines, and commercial jet engines. As a result, demand for ceramic matrix composites has skyrocketed.

Cost of Advanced Ceramics is a Restraint Being Faced by Advanced Ceramic Manufacturers

Many firms have expressed worry about the expense of advanced ceramics. The cost of ceramic fibres has a significant impact on the costs of various ceramics. Production of alumina and silicon carbide ceramics is still fairly restricted. These fibres are commonly used as composites in a wide range of sectors, including aerospace, medical, military and defence, and marine. Ceramic fibre production delays boost silicon carbide prices, restricting the expansion of the advanced ceramics sector.

Another factor contributing to the rising cost of these ceramics is matrix production. The production of a matrix demands expensive batch operations performed at high temperatures in a controlled environment. Introduction of certain advanced ceramic materials into a new application is regarded as a major obstacle for Advanced Ceramics industry growth.
Advanced Ceramics Market Segment Analysis
Alumina Segment Dominated the Advanced Ceramics Industry Based on Material Segment

Alumina had the highest revenue share of more than 32.5% in 2022, and this trend is expected to continue all through the forecast period. Alumina-based advanced ceramics are utilised in severe applications that need thermal stability and wear resistance. High voltage insulators, mechanical seals, semiconductor components, and ballistic armour are some of the uses. Titanate is expected to expand at the quickest pace during the forecast period.

The product is used in antennas and resonators. Titanate-based materials, which are employed in dielectric resonators in microwave communication systems, have become indispensable in today's society.

Increasing expenditures in wireless communication, particularly following the COVID-19 pandemic, are likely to drive segment growth. The US wireless sector invested USD 30 billion in 2020, according to the CTIA's 2021 Annual Wireless Industry Survey. Wireless data traffic reached 42 trillion megabytes in the same year, which is more than 200% greater than in 2016. The Internet of Things, work-from-home culture, and digital platforms are driving investments in next-generation technology, increasing demand for resonators and antennas.Monolithic Segment Dominated the Advanced Ceramics Industry Based on Product Segment

In 2022, Monolithic had the highest revenue share of more than 76.1% and is expected to dominate the market during the forecast period. The product has high-temperature resistance, durability, and dependability, making it essential for use in electrical devices and cars. Ceramic Matrix Composites (CMCs) are expected to increase at the quickest pace of 5.0% during the forecast period. These are ceramic composites with ceramic matrix and reinforcing material. Because of the mix of diverse materials, they have improved qualities.

As a result, CMCs are lightweight, strong, and have good thermal shock qualities. Mitsubishi Chemical Corporation announced the development of their new CMC material, a metal-carbon fibre hybrid, in July 2021. The product has a high moulding workability and a cheap cost without sacrificing attributes like wear resistance, lightweight, low dust generation, high heat resistance, and high stiffness. The substance is utilised in industrial machine components and mobility as a brake material.

Electronic Devices Dominated the Advanced Ceramics Industry Based on Application Segment

In 2022, electronic devices had the highest revenue share of more than 47.3%, and this trend is likely to continue during the forecast period. The product is widely utilised in cellphones, television sets, laptops, and other consumer electronics. Rising investment in the electronics industry is likely to support segment growth during the forecast period. For example, in March 2022, Reliance Industries announced an investment of up to USD 221 million in Sanmina, a US-based corporation, in order to create a joint venture to boost its electronics output.

This project seeks to establish an electronics manufacturing cluster in India, which will provide technological hardware infrastructure for industries such as communications, healthcare and medical systems, aerospace and military, and others. The bioceramic category is expected to develop at the quickest rate over the projection period. The increased emphasis on the medical business in many nations is attributable to the rise. It is utilised in dental implants as well as knee and hip replacements. Bioceramics has also acquired traction in the accessories sector. SWATCH's BIG BOLD series debuted the first bioceramic watch in April 2021.

Electrical & Electronics Segment Dominated the Advanced Ceramics Industry Based on End-Use

The electrical and electronics category is expected to dominate the market during the forecast period, with a revenue share of more than 57.8% in 2021. With technological breakthroughs, advanced ceramics now have semiconducting, superconducting, piezoelectric, and magnetic characteristics. Spark plugs, capacitors, constant and variable resistors, inductors, and circuit protection devices are examples of their usage in the electrical and electronics industries. The environmental category is expected to grow at the quickest rate, with a CAGR of 4.7% during the forecast period. Advanced ceramics are eco-friendly materials that can aid in the regeneration of damaged ecosystems.

The strict execution of numerous environmental rules across the world, as well as growing industry competition, have increased the need for energy-efficient and cost-effective manufacturing methods with decreased material waste. Medical is also one of the market's fastest-growing end-use sectors. Non-toxicity, high compressive strength, low friction coefficient, and high wear and chemical resistance properties of advanced ceramics make them useful in medical applications such as diagnostic imaging equipment, consumable medical devices, implantable medical devices, and therapeutic medical devices.
Advanced Ceramics Market Regional Insights
The Asia Pacific region held the largest market share of the advanced ceramics industry of over 36.5% in 2022 and is expected to maintain its lead during the forecast period. Growing investments in the region's EV, medical, and electronics sectors are expected to drive the growth of the advanced ceramics market. For example, in December 2021, seven businesses will build seven factories at the Medical Devices Park in Telangana, India, with an investment of INR 265 crore (approx. USD 34.6 million). The Japanese electrical and electronics sector is one of the most advanced in the world.

Japan is a world leader in the manufacture of computers, game consoles, cell phones, and a variety of other computer components. One-third of Japanese economic production is accounted for by consumer electronics. The country is known for its expertise in the production of electronic components and devices such as passive components, connecting components, electronic boards, and liquid crystal devices.

With digitalization boosting demand and growing exports, global output by Japanese electronics and IT firms is expected to increase 8% year on year to JPY 37,300 billion in 2021. The Japanese aerospace sector produces aeroplane components for both commercial and military aircraft. Commercial aeroplane manufacturing has increased in recent years as cargo demand has increased. The country is also a key player in the development of aeroplanes like the Boeing 767, 777, 777X, and 787, as well as engines like the V2500, Trent1000, GEnx, GE9X, and PW1100G-JM.

The Japanese automobile industry is one of the largest in the world. This is because of investments made in the industry, which aided its growth. The continuously ageing Japanese population raises the number of patients with chronic and lifestyle-related disorders, while universal health insurance coverage and regulatory measures drive the Japanese medical device business.

These growth patterns are expected to drive the Japanese advanced ceramics market during the forecast period. The rise of important end-use industries in China, such as construction and infrastructure, is likely to boost advanced ceramics industry growth. The Chinese electronics sector is expected to develop rapidly due to the simple availability of low-cost raw materials and labour. Furthermore, significant technical breakthroughs for the use of advanced ceramics in nanotechnologies, as well as increased use in wind turbines and other pollution control applications, are expected to drive advanced ceramics consumption in China.

In 2022, North America had a considerable revenue share in the advanced ceramics sector. The region's thriving electronics, medical, and electric vehicle sectors are likely to drive advanced ceramics market growth. Surging demand for high-quality semiconductors capable of ultra-high frequency signal transmission to provide greater connection is likely to fuel the expansion of the advanced ceramics market. For example, in December 2021, EMD Electronics announced a USD 1 billion investment in the United States through 2025 to assist semiconductor clients and increase growth potential in the electronics business. Furthermore, the US government enacted the China Competition Bill in February 2022, allocating USD 52 billion to the country's semiconductor industry.

In terms of revenue, the United States dominates the North American advanced ceramics market. By 2029, the advanced ceramics industry is expected to grow 1.4X. Rising emphasis on manufacturing sector improvement, as well as the benefits of incorporating sophisticated ceramics into fields like as aerospace and automotive, are expected to boost the growth of the advanced ceramics industry in the United States. Increased use in the electrical and electronics industries, rising demand for aluminium nitride ceramics, and the presence of advanced ceramics producers in the United States are important drivers of the country's advanced ceramics market growth.
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Advanced Ceramics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 10.9 Bn.


Forecast Period 2023 to 2029 CAGR:
5.2%
Market Size in 2029:
US $ 15.56 Bn.


 Segments Covered:
by Material
1. Alumina
2. Titanate
3. Zirconate
4. Ferrite
5. Aluminum Nitride
6. Silicon Carbide
7. Silicon Nitride


by Product
1. Monolithic
2. Ceramic Coatings
3. Ceramic Matrix Composites (CMCs)


by Application
1. Electric Equipment
2. Catalyst Supports
3. Electronic Devices
4. Wear Parts
5. Engine Parts
6. Filters
7. Bioceramic
8. Others


by End-Use
1. Electric & Electronics
2. Automotive
3. Machinery
4. Environmental
5. Medical
6. Others



Advanced Ceramics Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Advanced Ceramics Market, Key Players are
1. Morgan Advanced Materials (UK)
2. International Syalons(UK)
3. 3M (US)
4. Nishimura Advanced Ceramics Co., Ltd.(US)
5. Ortech Advanced Ceramics(US)
6. COI Ceramics, Inc.(US)
7. Elan Technology(US)
8. CoorsTek Inc.(US)
9. Advanced Ceramics Manufacturing(US)
10.Saint-Gobain Ceramic Materials(US)
11. S&S Advance Ceramics(US)
12. Momentive Technologies(US)
13. STC Superior Technical Ceramics(US)
14. Technocera(India)
15. Murata Manufacturing Co., Ltd.(Japan)
16. AGC Ceramics Co., Ltd(Japan)
17. Maruwa(Japan)
18. KYOCERA Corporation(Japan)
19. Paul Rauschert GmbH & Co. Kg.(Germany)
20. CeramTec GmbH (Germany)
21. BCE Special Ceramics GmbH(Germany)
22. Bakony Technical Ceramics(Hungary)

Frequently Asked Questions:

1] What segments are covered in the Global Advanced Ceramics Market report?
Ans. The segments covered in the Advanced Ceramics Market report are based on Material, Product, Application, End-Use.

2] Which region is expected to hold the highest share in the Global Advanced Ceramics Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Advanced Ceramics Market.

3] What is the market size of the Global Advanced Ceramics Market by 2029?
Ans. The market size of the Advanced Ceramics Market by 2029 is expected to reach USD 15.56 Bn.

4] What is the forecast period for the Global Advanced Ceramics Market?
Ans. The forecast period for the Advanced Ceramics Market is 2023-2029.

5] What was the market size of the Global Advanced Ceramics Market in 2022?
Ans. The market size of the Advanced Ceramics Market in 2022 was valued at USD 10.9 Bn.