Advanced Structural Ceramics Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 3.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Advanced Structural Ceramics Market Analysis
The global market for advanced structural ceramics is expected to register a CAGR of over 3% during the forecast period. The major factor driving the market studied is a growing demand from various end-user industries. On the flip side, the high cost of manufacturing and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- The electrical and electronics industry is expected to dominate the market studied over the forecast period.
- The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries, such as China, India, and Japan.
Advanced Structural Ceramics Market Trends
This section covers the major market trends shaping the Advanced Structural Ceramics Market according to our research experts:
The Electrical and Electronics Industry to Dominate the Demand
- Advanced structural ceramics, owing to their properties, such as high hardness, high compressive strength, high elastic modulus, low thermal expansion, and low density, are used in the electrical and electronics industry.
- Additionally, due to their high electrical resistance and high dielectric strength, advanced structural ceramics are used in electronic and electrical appliances.
- They have special advantages of lightweight, can withstand very high temperatures, and aggressive environments compared to metals used electronic industry.
- The electronics manufacturing market in Asia-Pacific is expected to grow rapidly during the coming years, due to the presence of a large number of OEMs in the region. Low cost and the availability of raw materials, coupled with cheap labor, are driving the growth of the sector.
- The companies in the region provide manufacturing and assembling services to companies in Germany, France, and the United States. Moreover, these companies are rapidly digitizing their business to achieve end-to-end integration of their operation. This is further encouraging the OEMs from Europe and North America to outsource their production to Asia-Pacific.
- Therefore, the demand for advanced structural ceramics is expected to grow during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to account for the largest market for advanced structural ceramics over the forecast period.
- China has the world's largest electronics production base. Electronic products recorded the highest growth in the electronics segment. The country serves not only domestic demand for electronics but also exports electronic output to other countries.
- The medical sector in India is benefiting from an increasing population, which is growing at a rate of 1.6%. Additionally, government initiatives in medical equipment and healthcare facilities are driving the Indian advanced structural ceramics market.
- The Government of India started initiatives to decrease the import and increase the local production of medical devices, particularly higher-end products.
- The Japanese electrical and electronics industry is one of the world's leading industries. Consumer electronics account for a third of Japan's economic output. There has been a constant increase in the demand for Japanese consumer electronics, due to their durability and quality.
- Hence, with such trends, the demand for advanced structural ceramics in countries of the Asia-Pacific region is expected to grow during the forecast period.
Advanced Structural Ceramics Industry Overview
The global advanced structural ceramics market is partially consolidated. The major companies of the market studied include CoorsTek Inc., KYOCERA Corporation, Saint-Gobain, CeramTec., and Morgan Advanced Materials, among others.
Advanced Structural Ceramics Market Leaders
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CoorsTek Inc.
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KYOCERA Corporation
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Saint-Gobain
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CeramTec
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Morgan Advanced Materials
*Disclaimer: Major Players sorted in no particular order
Advanced Structural Ceramics Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand from Various End-user Industries
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 High Cost of Manufacturing
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4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Alumina
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5.1.2 Carbides
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5.1.3 Zirconate
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5.1.4 Nitrides
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5.1.5 Other
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5.2 End-user Industry
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5.2.1 Automotive
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5.2.2 Electrical and Electronics
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5.2.3 Healthcare
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5.2.4 Energy
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5.2.5 Industrial
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5.2.6 Others
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share (%)/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Advanced Ceramics Manufacturing
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6.4.3 CeramTec
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6.4.4 CoorsTek Inc.
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6.4.5 Ferrotec (USA) Corporation.
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6.4.6 KYOCERA Corporation
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6.4.7 Morgan Advanced Materials
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6.4.8 Nishimura Porcelain Co. Ltd
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6.4.9 Ortech Advanced Ceramics
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6.4.10 Saint-Gobain
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Advanced Structural Ceramics Industry Segmentation
The Advanced Structural Ceramics market report includes:
Type | |
Alumina | |
Carbides | |
Zirconate | |
Nitrides | |
Other |
End-user Industry | |
Automotive | |
Electrical and Electronics | |
Healthcare | |
Energy | |
Industrial | |
Others |
Geography | |||||||
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Advanced Structural Ceramics Market Research FAQs
What is the current Advanced Structural Ceramics Market size?
The Advanced Structural Ceramics Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Advanced Structural Ceramics Market?
CoorsTek Inc. , KYOCERA Corporation, Saint-Gobain, CeramTec and Morgan Advanced Materials are the major companies operating in the Advanced Structural Ceramics Market.
Which is the fastest growing region in Advanced Structural Ceramics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Advanced Structural Ceramics Market?
In 2024, the Asia Pacific accounts for the largest market share in Advanced Structural Ceramics Market.
What years does this Advanced Structural Ceramics Market cover?
The report covers the Advanced Structural Ceramics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Advanced Structural Ceramics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Advanced Structural Ceramics Industry Report
Statistics for the 2024 Advanced Structural Ceramics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Advanced Structural Ceramics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.