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Advanced Ceramics Market Size (2024 - 2029)

The advanced ceramics market is anticipated to experience steady growth, driven by increased adoption as an alternative to metals and plastics, alongside rising demand in the medical sector. Despite challenges such as high capital investment and regulatory uncertainties, the market is poised for expansion due to opportunities in silicon carbide, gallium nitride, and nanotechnology applications. The electronics and electrical industry, with its diverse electrical properties, remains a key driver, while the Asia-Pacific region, particularly China and Japan, leads in consumption.

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Market Size of Advanced Ceramics Industry

Advanced Ceramics Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Advanced Ceramics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Advanced Ceramics Market Analysis

The advanced ceramics market is expected to register a CAGR of over 6% during the forecast period (2022-2027).

  • The impact of the Covid-19 pandemic on the market was largely negative, but the market has now reached pre-pandemic levels and is expected to grow steadily during the forecast period.
  • Over the medium term, the major factors driving the market are the rise in use as an alternative to metals and plastics and the growing demand in the medical industry.
  • On the flip slide, high capital investment for the equipment and chemical processes and uncertainty in regulative policies concerning climate change, energy & environment undermine the market.
  • However, increasing applications of silicon carbide (SiC), gallium nitride (GaN), and growth in usage in nanotechnology would likely create lucrative growth opportunities for the global market soon.
  • The electronics and electrical industry dominated the market, and it is expected to grow during the forecast period, owing to a wide range of electrical properties of advanced ceramics, including insulating, semiconducting, superconducting, piezoelectric, and magnetic properties.
  • Asia-Pacific dominated the market globally, with the largest consumption from countries such as China and Japan.

Advanced Ceramics Industry Segmentation

The advanced ceramics market is segmented by material type, class type, end-user industry, and geography. By material type, the market is segmented into alumina, titanate, zirconia, silicon carbide, aluminum nitride, silicon nitride, magnesium silicate, pyrolytic boron nitride, and other material types. By class type, the market is segmented into monolithic ceramics, ceramic matrix composites, and ceramic coatings. By end-user industry, the market is segmented into electrical and electronics, transportation, medical, industrial, defense and security chemical, and other end-user industries. The report also covers the market size and forecasts in 15 countries across major regions. The market sizing and forecasts for each segment have been calculated based on revenue (USD million).

Material Type
Alumina
Titanate
Zirconia
Silicon Carbide
Aluminum Nitride
Silicon Nitride
Magnesium Silicate
Pyrolytic Boron Nitride
Other Material Types
Class Type
Monolithic Ceramics
Ceramic Matrix Composites
Ceramic Coatings
End-user Industry
Electrical and Electronics
Transportation
Medical
Industrial
Defense and Security
Chemical
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Advanced Ceramics Market Size Summary

The advanced ceramics market is poised for steady growth, driven by its increasing use as an alternative to metals and plastics, alongside rising demand in the medical industry. Despite the initial negative impact of the Covid-19 pandemic, the market has rebounded to pre-pandemic levels. Key challenges include high capital investment requirements and regulatory uncertainties related to climate change and environmental policies. However, the market is expected to benefit from the expanding applications of silicon carbide and gallium nitride, as well as advancements in nanotechnology. The electronics and electrical industry remains a dominant sector, leveraging the diverse electrical properties of advanced ceramics, such as insulating and semiconducting capabilities. The Asia-Pacific region leads in market consumption, with significant contributions from China and Japan.

In the electrical and electronics sector, silicon carbide is anticipated to have substantial applications, particularly in electric vehicles and high-power devices. Aluminum nitride, silicon nitride, and boron nitride are also utilized for their thermal and electrical properties. Asia-Pacific's prominence in global electronics manufacturing is underscored by its substantial production share, with countries like South Korea, Vietnam, India, and China at the forefront. Europe, particularly Germany, also plays a significant role, with its electronics industry contributing notably to industrial production. Japan's electronics industry is a global leader, with a strong focus on consumer electronics and key components. The advanced ceramics market is characterized by partial fragmentation, with major players like Kyocera Corporation and Corning Incorporated holding significant market shares. Recent developments include CeramTec's collaboration with the Fraunhofer Institute for Integrated Systems and Device Technology to create ceramic power modules for e-mobility solutions, and CoorsTek's establishment of a new manufacturing facility in Southeast Asia.

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Advanced Ceramics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rise in Use as Alternative to Metals and Plastics

      2. 1.1.2 Growing Demand in the Medical Industry

      3. 1.1.3 Eco-friendliness and Reliability of Use

    2. 1.2 Restraints

      1. 1.2.1 Unfavorable Conditions Arising due to COVID-19 Impact

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Patent Analysis

    6. 1.6 Price Analysis

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Material Type

      1. 2.1.1 Alumina

      2. 2.1.2 Titanate

      3. 2.1.3 Zirconia

      4. 2.1.4 Silicon Carbide

      5. 2.1.5 Aluminum Nitride

      6. 2.1.6 Silicon Nitride

      7. 2.1.7 Magnesium Silicate

      8. 2.1.8 Pyrolytic Boron Nitride

      9. 2.1.9 Other Material Types

    2. 2.2 Class Type

      1. 2.2.1 Monolithic Ceramics

      2. 2.2.2 Ceramic Matrix Composites

      3. 2.2.3 Ceramic Coatings

    3. 2.3 End-user Industry

      1. 2.3.1 Electrical and Electronics

      2. 2.3.2 Transportation

      3. 2.3.3 Medical

      4. 2.3.4 Industrial

      5. 2.3.5 Defense and Security

      6. 2.3.6 Chemical

      7. 2.3.7 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Advanced Ceramics Market Size FAQs

The Advanced Ceramics Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

CoorsTek Inc., Morgan Advanced Materials, Kyocera Corporation, Corning Incorporated and Murata Manufacturing Co. Ltd are the major companies operating in the Advanced Ceramics Market.

Advanced Ceramics Market Report Snapshots

Advanced Ceramics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)