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

Technical Ceramics Market was valued at US$ 7.52 Billion in 2022 and is expected to reach US$ 12.35 Bn by 2029, at a CAGR of 7.34% during a forecast period.
Technical Ceramics Market Overview:
The market development is due to increasing demand for electronic devices among customers in APAC mainly China & India. Numerous things of the technical ceramics like low thermal expansion, strength, & high-temperature solidity have improved their acceptance in many end-uses with electrical and electronics, power, & automotive, which in turn is anticipated to have a positive impact on the sector during the forecast period.To know about the Research Methodology:- Request Free Sample Report
Novel technology pushes the Market for Consumer Electronics in China:
In the year 2021, China consumer electronics market was at 126 Bn RMB. Consumer electronics denotes to any electronic device which individuals use in everyday life. This comprises TVs, cameras, smartphones & many other home things. This sector in China is an enormous segment of China’s e-commerce market, with Apple being one of the most common foreign brands among Chinese people. According to MMR report study the online share of CP, communications, & consumer electronics sales in China touched over 30 % in the 1st half of the year 2022. With the rising middle class, the number of customers in the consumer electronics market in the country has improved significantly.
China consumer electronics market revenue development:
Technical ceramics are expected to substitute old-style supplies to a great extent during the forecast period on account of their greater functional features. In adding, these materials show greater erosion resistance, as opposed to other products like aluminium & steel therefore they are being extensively active in the medical & automotive segments. The development of the automotive & medical industries in developing economies of APAC is anticipated to fuel product demand during the forecast period.

The segment is ruled by stringent rules for its usage in the automotive, medical industry. Also, several agencies counting the United States Clean Water Act, observer mining operations under the CWA Section 402 & 404 on account of their damaging effects on the surroundings. The Land Protection Division has applied the Surface Mining Act in Georgia where the world’s major kaolin deposits are situated. According to the MMR report, only a certain number of mining activities can be directed per year. Ecological sustainability is the main goal of these product companies.

Obtaining a cheap fuel supply in an explosive natural gas market is a significant standard for a firm’s sustainability & competitiveness in this industry. On account of the unpredictable nature of natural gas prices, smaller companies primarily focus on looking into substitute fuel choices or substitute technologies to produce these products.

In the year 2022, electronic devices were the major application sector & was valued at $16.82 Bn. The product proposals greater thermal & chemical properties which have controlled to its usage in many applications in the electronics industry like core materials, circuit carriers, and ceramic substrates. Bio ceramics held a share of 2.3 percent in the year 2022 & is anticipated to record the fastest development rate during the forecast period. These products are extensively active in the engineering of dental & medical implantations. In adding, they are active in the replacement of solid tissue like teeth & bones. They are also used in the making of kidney dialysis machineries, & respirators. Enormous healthcare base in EU is anticipated to fuel product demand during the forecast period. Electrical tools was the 2nd largest application sector accounting for 29.7 percent in the year 2022. Wide development in the shipment makings of ceramic raw materials such as titanate, cordierite, & zirconate ceramics is anticipated to lift product demand in electrical equipment segment.
End-Use Sector Overview:
The medical sector is expected to register a development rate of 11.6 percent during the forecast period. Technical ceramics are efficiently active in orthopaedics to rise the superiority of life with implant components for non-natural hip joints & knee replacements. These are also active in medical devices & equipment like lithotripters, ultrasonic cleaners, & dental products. These products can survive mechanical stresses & high temperatures in uses like energy generation in turbines & power plant trains. In adding, they are used in systems for solar thermal energy transformation & in photovoltaic, water & wind power plants. The product confirms efficient usage of resources in energy supply & distribution from both renewable & conventional sources.

Electrical and electronics was the major end-use sector in the year 2022 accounting for a share of 54.7 percent of the total market. The sector uses very big amounts of ceramics for the making of many devices & related products. Technical ceramics are used in the sector mainly because of their electrical conductivity & mechanical properties. They are extensively used in circuit breakers & λ sensors.
Product Segment Overview:
CMR will be the wildest rising product sector at a CAGR of 13.1 percent during the forecast period. They are mainly active in the automotive & machinery industries & space related applications like heat resistant tiles. These products are also used in the engineering of transport equipment for space shuttles on account of their rigidity properties & longer life span. Also, these products are active in the making of sports equipment like golf clubs.

The monolithic ceramics segment was valued at $ 48.06 Bn in the year 2021. Some of the key types are zirconium, silicon nitride, & others. These materials proposal very specific things favourable to industrial usage such as durability, & high temperature resistance. These things are used in a range of applications such as electronics & electrical, power automotive, & transportation. In the power generation sector, monolithic products are largely used in the making of turbine blades & engine components for the machinery units.
Technical Ceramics Market Regional Insights:
APAC held the major share of 39.2 percent in the year 2022 owing to increasing consumer spending on electronics, mainly in India & China. Factors like good engineering costs, high economic development, & rapid development of end-use businesses will endure to push the product demand during the forecast period.

North America is comparatively mature & is mainly considered by new product growths & rising preference towards these products. As of 2022, North America held a considerable share of the total market. The United States is the major market witnessing development in terms of product usage in the environmental & medical segments in the region.

The United States market was projected at $ 13.96 Bn in the year 2021 & is expected to grow at a CAGR of 10.1 percent during the forecast period. Within North America, the United States is a major market seeing development in terms of ceramic applications in architectural schemes & fine arts. However, this region is anticipated to lose share to the emerging economies during the forecast period.
Technical Ceramics Market Share Overview:
The industry is fragmented & competitive owing to the occurrence of some main players in the market. These companies have a geographical occurrence with many production services globally. However, the occurrence of many small regional sellers with important market shares is anticipated to pose a risk to these global players during the forecast period.

Various product categories with zirconia, & silicon carbide-based materials, have their own features & are employed as a financial & a high-performance option for many traditional materials like metals, glass, & plastics. Key companies in the market are anticipated to rise their Research & Development expenditure to fulfil with increasing demand from novel applications. Most businesses have been trying to increase product quality at a cheap cost which in turn will push product need during the forecast period.

The objective of the report is to present a comprehensive analysis of the Technical Ceramics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Technical Ceramics Market dynamics, structure by analyzing the Market segments and project the Technical Ceramics Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Technical Ceramics Market make the report investor’s guide.
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Technical Ceramics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2022-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 7.52 Bn.


Forecast Period 2023 to 2029 CAGR:
7.34%
Market Size in 2029:
US$ 12.35 Bn.


 Segments Covered:
by Material
Oxide
Non-oxide


by End-Use
Electronics & Semiconductor
Automotive
Energy & Power
Medical
Others



Technical Ceramics Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Technical Ceramics Market Key Players
1. CoorsTek, Inc. (U.S.)
2. Saint-Gobain Ceramic Materials (U.S.)
3. Superior Technical Ceramics (U.S.)
4. McDanel Advanced Ceramic Technologies (U.S.)
5. CeramTec GmbH (Germany)
6. Kyocera Corporation (Japan)
7. Morgan Advanced Materials (U.K.)
8. Rauschert Steinbach GmbH (Germany)
9. Dyson Technical Ceramics Limited (U.K.)
10.NGK Spark Plug Co., Ltd. (Japan).
11.3M
12.Bakony Ipari Kerámia Kft
13.Ortech Advanced Ceramics
14.Mantec Technical Ceramics Ltd
15.Rauschert GmbH
16.STC Superior Technical Ceramics
17.Albemarle Corporation
18.KCC Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Technical Ceramics Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Technical Ceramics Market?
Ans: The Global Technical Ceramics Market is growing at a CAGR of 7.34% during forecasting period 2023-2029.

3. What is scope of the Global Technical Ceramics market report?
Ans: Global Technical Ceramics Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Technical Ceramics market?
Ans: The important key players in the Global Technical Ceramics Market are – CoorsTek, Inc. (U.S.), Saint-Gobain Ceramic Materials (U.S.), Superior Technical Ceramics (U.S.), McDanel Advanced Ceramic Technologies (U.S.), CeramTec GmbH (Germany), Kyocera Corporation (Japan), Morgan Advanced Materials (U.K.), Rauschert Steinbach GmbH (Germany), Dyson Technical Ceramics Limited (U.K.), NGK Spark Plug Co., Ltd. (Japan)., 3M, Bakony Ipari Kerámia Kft, Ortech Advanced Ceramics, Mantec Technical Ceramics Ltd, Rauschert GmbH, STC Superior Technical Ceramics, Albemarle Corporation, KCC Corporation, and

5. What is the study period of this market?
Ans: The Global Technical Ceramics Market is studied from 2022 to 2029.