Advanced Ceramic Industry Overview
The global advanced ceramics market size was valued at USD 103.79 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030.
Increasing penetration of advanced ceramics in various applications, along with the growth in medical and telecom industries, is anticipated to augment market growth over the forecast period. Advanced ceramic, also referred to as technical ceramic, offers improved magnetic, optical, thermal, and electrical conductivity. End-users have been able to reduce their production and energy costs with the help of advanced ceramics that provide high efficiency to end products. The Asia Pacific is a leading market for advanced ceramics in the world in terms of their consumption.
Gather more insights about the market drivers, restrains and growth of the Global Advanced Ceramic Market
The demand for advanced ceramics in the U.S. is primarily driven by an increasing preference for lightweight materials in various industries. Rising production and consumption of these materials and components for the electrical and electronics sector owing to the growing requirement for uninterrupted connectivity, along with their use in flourishing electric vehicle (EV) and defense sectors, are expected to augment the market growth over the forecast period.
Rising market growth is leading to new product development, for example, in June 2021, Starfire Systems Inc. announced the release of Hafnium Carbide (HfC), a new addition to the family of silicon carbide (SiC) forming pre-ceramic polymers. HfC finds application in making ceramic matrix composite (CMC) and high purity powder, which are used in automotive applications for hypersonic and re-entry vehicles.
Furthermore, the rising popularity of 3D printing is propelling the need for advanced ceramics for making parts and components for high-performance applications. For instance, in November 2021, Tethon 3D announced its partnership with Fortify to produce technical ceramics for 3D printing. Such steps will aid market growth by opening new opportunities for the product in the aerospace, medical, and energy industries.
Advanced ceramics are extensively being used in EVs, which is further expected to propel market growth. For example, piezo-ceramic components act like sensors for electronic controls passing information on the engine’s operations. The information is received by electronic components based on ceramic substrates, which control motor management and safety systems like ABS, ASR, and airbag release. Thus, the rising production of EVs is anticipated to boost market growth over the coming years.
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- Electric Vehicle Market – The global electric vehicle market demand was estimated at 2,373.5 thousand units in 2019 and is expected to witness a CAGR of 41.5% 2020 to 2027. The market is driven by initiatives taken by governments of various countries to promote the manufacturing of electric vehicles (EVs).
- Ceramic Matrix Composites Market – The global ceramic matrix composites market size was worth USD 3.29 billion in 2018 and is estimated to expand at a CAGR of 12.9% over the forecast period owing to the high-temperature stability, exceptional mechanical properties, and vast scope of applications offered by Ceramic Matrix Composites (CMC).
Advanced Ceramic Market Segmentation
Grand View Research has segmented the global advanced ceramic market on the basis of material, product, application, end-use, and region:
Advanced Ceramics Material Outlook (Revenue, USD Million, 2017 – 2030)
- Aluminum Nitride
- Silicon Carbide
- Silicon Nitride
Advanced Ceramics Product Outlook (Revenue, USD Million, 2017 – 2030)
- Ceramic Coatings
- Ceramic Matrix Composites (CMCs)
Advanced Ceramics Application Outlook (Revenue, USD Million, 2017 – 2030)
- Electrical Equipment
- Catalyst Supports
- Electronic Devices
- Wear Parts
- Engine Parts
Advanced Ceramics End-use Outlook (Revenue, USD Million, 2017 – 2030)
- Electrical & Electronics
Advanced Ceramics Regional Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
Market Share Insights
- February 2022: A China Competition Bill was passed by the U.S. government, which will allocate USD 52 billion for the semiconductor industry in the country.
- May 2021: Fralock Holdings, LLC acquired Ceramic Tech Incorporated, which is engaged in pre-fired machining, pressing, sintering, developing specialized formulations, and grinding for leading global OEMs.
Key Companies profiled:
Some prominent players in the global advanced ceramic market include
- AGC Ceramics Co., Ltd.
- CeramTec GmbH
- CoorsTek Inc.
- Elan Technology
- KYOCERA Corporation
- Morgan Advanced Materials
- Murata Manufacturing Co., Ltd.
- Nishimura Advanced Ceramics Co., Ltd.
- Ortech Advanced Ceramics
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