Global Advanced Ceramic Market by Product (Monolithic, Ceramic Coatings), by Material (Titanate, Alumina) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global advanced ceramic market was worth USD 97.0 billion. It is projected to grow at a compound annual rate (CAGR), of 3.7% in terms of revenue between 2020 and 2027. Market growth is expected to be driven by rising demand from the end-use sectors, including Renewable Energy and Medical. Market growth will be supported by rising product demand from clean technology industries. Products such as Solid Oxide Fuel Cells are made entirely of advanced ceramics. They are expected to be more widely used in the industry by replacing critical components such as insulation materials. The electronics industry is the main driver of the U.S. market. Advanced ceramics are used in a variety of applications, including circuit carriers, core materials, substrates, and other components. However, the country's electronics industry saw a decrease in production and decreased consumption due to the coronavirus epidemic, which affected product demand.

Many end-use industries use advanced ceramics, including electrical & electronic, automotive, machine, renewable energy, medical and many others. The COVID-19 pandemic disrupted global manufacturing and trade operations in all major industries. This is expected to limit market growth. The pandemic is predicted to cause a drop in world trade of 13 to 32% by 2020 according to the World Trade Organization.

The pandemic did not affect the demand for products in most industries but it did increase its demand in medical. Because of its biocompatibility, advanced ceramics was the ideal material for the carrier role that transports and holds blood probes within diagnostic equipment. The demand for advanced ceramic carriers and diagnostic equipment is expected to rise as med-tech and pharmaceutical companies race to increase their testing capabilities.

Material Insights

Alumina was the dominant market player and held the largest share at more than 34.0% in 2019. This market is expected to continue its dominance during the forecast period. These materials have excellent properties that make them suitable for wear, structural, or corrosive environments. They are used extensively in semiconductor equipment, wafer transfers parts, heat resistant and electrical insulation parts.

Zirconate is a vital material because it has both ferroelectric and dielectric properties. This drives its popularity in the electronics industry. Its ability to withstand mechanical stress and high electrical voltage make it suitable for actuators, ultrasound transducers and capacitors.

Ferrites are well-known for their magnetic properties, low price, and ease of availability. This segment is forecast to grow at 3.5% per year. These materials are used to make magnetic ceramics which can be used in transformers, telecommunications and information recording devices.

Application Insights

The largest segment in 2019 was electronics, with a market share of over 47%. The market is seeing positive signs because of technological advances in electronics and the automotive industry. The second largest segment is electrical equipment. Because of their electrical properties, advanced ceramics can be used as insulators & resistors or semiconductors & sensor components.

Bioceramics will experience the fastest CAGR over the forecast period. These special-designed products are used in the medical and dental industries. They are often used to replace parts in hip and knee operations due to their high wear resistance, biocompatibility, inertness, and inertness.

In 2019, Catalyst support was third in the most popular application segments. This segment uses advanced ceramics because they are resistant to corrosion in harsh chemical environments, reduce particulate contamination and have high purity characteristics. They also offer advantages such as precise dimension tolerance and virtual elimination of hot spots.

End-use Insights

The largest segment, electrical & electronics, accounted for more than 56% of the total market in 2019. This product is used extensively in many applications in the industry, including power electronics, electronic sensors and wafer manufacturing. The segment's growth is expected to be boosted by rising demand for electronic devices and electrical equipment over the forecast period. The COVID-19 pandemic is expected to slow down the growth of the segment for the next few years.

The market share for automotive was significant in 2019. It will continue to grow at a steady CAGR between 2020 and 2027 due to the extensive use of electric water pumps. These pumps are used to regulate engine temperature and battery components to ensure longevity and efficiency. The forecast period will see the Automotive End-Use Segment grow due to the expected growth in Electric Vehicles (EVs).

The forecast period will see the environmental segment register the second fastest CAGR. Advanced ceramics have many advantages that make them suitable for products that are eco-friendly. Their ability to withstand high temperatures has led to increased demand for advanced ceramics in the fields of solar energy conversion, photovoltaic (PV) and other engine systems for power plants. This segment is expected to see a rise in demand due to the growing renewable energy sector.

Product Insights

Monolithic occupied the largest share at over 78.0% in 2019, and this trend will likely continue during the forecast period. The fastest expected CAGR will be seen in the ceramic matrix composites sector during the forecast period. Ceramic matrix composites' high-temperature resistance, toughness and other properties are driving their demand in a variety of applications.

Ceramic matrix composites are used in applications that need lightweight components and high resistance to heat, such as the energy industry. Due to the increasing importance of sustainability, the renewable energy sector is growing in prominence. Components such as turbine blades or vanes are made from ceramic matrix composites. In the future, the demand for products will increase as the sector's wind energy capacity increases.

MATECH was granted a U.S. Patent in November 2019 for its method of fabricating ceramic matrix composites. Field-assisted Sintering technology was used to produce silicon carbide ceramic matrix components with low porosity. These components are resistant to extreme temperatures and can be used in a variety of applications, including stationary gas turbine engines, military aircraft engines, automotive brakes, friction materials, and ballistic armor for military personnel and law enforcement officers.

Regional Insights

Asia Pacific was the dominant market region and held a greater than 40% share in 2019. The region's growth is due to increased investments in the manufacturing sector in developing countries like China, Japan and India. Due to the availability of low-cost labor and raw material, the electronics sector in the region will experience significant growth.

Due to increasing demand around the globe, manufacturers in countries such as China have been able to increase their production of medical equipment due to the COVID-19 pandemic. Due to the rising demand from other countries, some Chinese manufacturers reported an increase in their sales of medical equipment. This will likely increase the demand for medical-grade ceramics.

North America holds a large share of the market. Market growth is expected to be boosted by a greater emphasis on the development of the manufacturing sector in North America and the benefits of inculcating high-tech ceramics in other industries such as aerospace and automobile. Global companies are increasingly using advanced ceramics to enhance their products due to the high performance of these ceramics. General Electric, for example, is developing ceramic matrix components to its LEAP gas turbine motor.

Market Share Insights & Key Companies

It is very competitive. Many manufacturers are integrated throughout the value chain. Many industries were forced to close down their manufacturing plants due to the pandemic. This had a devastating impact on sales and profits. Companies are now focusing on ways to resume operations at higher capacity to maintain their competitive edge. The following are some of the major players in advanced ceramics market:

• 3M

• CeramTec GmbH

• Elan Technology

• Oerlikon Surface Solutions AG

• Ortech Inc.

• Morgan Advanced Materials PLC

• CoorsTek, Inc.

• Kyocera Industrial Ceramics Corp.

• Murata Manufacturing Company Ltd.

• Saint-Gobain

Up Market Research published a new report titled “Advanced Ceramic Market research report which is segmented by Product (Monolithic, Ceramic Coatings), by Material (Titanate, Alumina), By Players/Companies Morgan Advanced Materials PLC, 3M, Elan Technology, CeramTec GmbH, Oerlikon Surface Solutions AG, Kyocera Industrial Ceramics Corp, Murata Manufacturing Co Ltd, CoorsTek Inc, Saint-Gobain, Ortech Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Advanced Ceramic Market Report Segments:

The market is segmented by Product (Monolithic, Ceramic Coatings), by Material (Titanate, Alumina).

Advanced Ceramic Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Advanced Ceramic Market

Overview of the regional outlook of the Advanced Ceramic Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Advanced Ceramic Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Advanced Ceramic Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Monolithic

                2. Ceramic Coatings

                1. Titanate

                2. Alumina

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Advanced Ceramic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Advanced Ceramic Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.