In 2019, the advanced ceramics market size is registered as USD 97.0 billion and is expected to grow at a significant rate of 3.7% CAGR in the forecast period 2021-2030.
Advanced ceramics are also named Technical ceramics or Engineered ceramics and are specially designed to overcome the disadvantages of normal ceramics and also to exhibit enhanced properties. These ceramics can provide the requirements needed for the various end-use industries. These ceramics can provide superior properties like thermal stability,
Due to the COVID-19 outbreak, the advanced ceramics market is drastically impacted in the first two quarters of 2020. Advanced ceramics are generally used in the manufacturing of electrical and electronic components like capacitors, transistor dielectrics, etc. To control the spread of the virus, the government implemented lockdowns and few stringent regulations which led to the halt in production in most industries. Similarly, in the electronics and electrical industry, the manufacturing of electronic components was delayed due to a lack of raw materials, shortage of manpower, and logistics slowdown.
China is the largest exporter and producer of electronic components which are used in the production of finished electronic goods. But due to lockdown, the production of components is stopped in China which leads to a halt of the finished goods in all other countries. Thus the demand and supply of electronic goods is affected and results in the decline in sales in electronic components. Hence the advanced ceramics are declined in the pandemic situation in this way.
On the other hand, ceramics used in medical devices like ventilators, patient care systems, thermal scanners, and related equipment are highly demandable in the pandemic situation which increases the demand for the market. According to the report of the World Trade Organization, world trade will decline from 13 to 32% in the year 2020 due to the COVID-19 pandemic.
Growing demand from the end-use industries with renewable energy and medical are predicted to accelerate the growth of the market in the review period. Increasing demand from the clean technology industry also propels market growth. Moreover, rising the adoption of ceramics in the transportation industry and the factors related to the growth of defense manufacturing are predicted to boost the global advanced ceramics market in the coming years.
The manufacturing process and use of ceramics are very expensive which is restricting the market growth.
The advanced ceramics are lightweight which are highly dependable in aircraft. Growing the adoption of advanced ceramics in aircraft and also in defense is creating an opportunity to bolster the growth of the global market.
Stringent environmental regulations may limit the widespread use of few modern ceramics is a challenge to the market growth.
Globally, the advanced ceramics market has been divided into four major segments based on material, product type, end-user, and region.
Based on Product Type
The advanced ceramic market based on product type is classified into few types such as ceramic matrix composites, monolithic ceramics, ceramic coatings, and others. Among them, monolithic ceramics are predicted to dominate the largest market share due to their excellent benefits like durability, reliability, and protection from the high temperature that increases the component’s life. So, these are mostly preferred in high temperatures required operations and are also used in various end-use industries like transportation, aerospace, power generation, military & defense, electrical & electronics components, and medical.
Based on Material
The advanced ceramics market materials are categorized into few types as titanate advanced ceramics, advanced alumina ceramics, zirconate advanced ceramics, advanced ferrite ceramics, and others. Out of these materials, advanced alumina ceramics are accounting the largest market share owing to its increasing usage of the product in various end-users like machinery, automobile, and electrical & electronics industry. Moreover, these ceramics have more benefits like weather and corrosion resistance which favors segment growth.
Based on End-user
The advanced ceramics market by end-user is analyzed into various types as military & defense, machinery, electrical & electronics, pharmaceuticals, automotive, and others. Out of these, the electrical & electronics segment is dominating the largest market share and is projected to continue its dominance in the review period owing to the rising product applications in magnetic, insulating, semiconducting & superconducting, and piezoelectric.
Based on Region
The advanced ceramics market region-wise is divided into five main geographies such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. Due to the growing population and increasing per capita disposable income, Asia-Pacific is expected to be the fastest-growing segment with the highest CAGR.
Regional Analysis -
Geographically, advanced ceramics is segmented into North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa. Out of these regions, Asia-Pacific is projected to be the fastest-growing segment with a significant CAGR for the rising population and growing per capita disposable income. Moreover, the growing demand for advanced ceramics in the electronics and automobile industry majorly in emerging nations like India, Japan, and China is accelerating the market growth in this region.
North America is holding the maximum advanced ceramics market share due to the presence of the automobiles companies such as General Motors, Fiat Chrysler, Ford that are growing the demand for advanced ceramics in the automobile industry. Apart, developed end-use industries like pharmaceutical and electronics & electrical coupled with a growing adoption rate are boosting the market growth. Owing to the well-developed electrical & electronic and automobile industries, Europe is expected to hold the lucrative growth in the market. Apart, growing advanced ceramics applications in medical equipment like implanted devices, radiation therapy equipment, and ultrasonic cleaners are propelling the market growth.
The prominent key players in the advanced ceramics market outlook are the following:
Globally, the advanced ceramics market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes four dynamics of the advanced ceramics market drivers, restraints, challenges, and opportunities. The advanced ceramics market forecast segments are four types as product type, material, end-user, and region.
The advanced ceramics market trends have been segmented globally into four types based on the product type, material, end-user, and region.
By Product type
Ceramic matrix composites, monolithic ceramics, ceramic coatings, and others are the few product types of the market.
Titanate advanced ceramics, advanced alumina ceramics, zirconate advanced ceramics, advanced ferrite ceramics, and others are the few materials of the ceramics market.
Military & defense, machinery, electrical & electronics, pharmaceuticals, automotive, and others are the few industries of the global ceramics market.
Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the ceramics market.
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Material, Product, End-User Industry and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Kyocera Corporation (Japan), CeramTec GmbH (Germany), CoorsTek Inc. (U.S.), Saint-Gobain Ceramic Materials (U.S.), Morgan Advanced Materials Plc (U.K.), 3M Company (U.S.), Rauschert Steinbach GmbH (Germany), Dyson Advanced ceramics Limited (U.K), Superior Advanced Ceramics (U.S.), and NGK Spark Plug Co., Ltd. (Japan)|
|Key Market Opportunities||
|Key Market Drivers||
Increasing technological advancements.
Alumina advanced ceramic.
Saint-Gobain Ceramic Materials (U.S.), 3M Company (U.S.), Superior Advanced Ceramics (U.S.), NGK Spark Plug Co., Ltd. (Japan), Dyson Advanced Ceramics Limited (U.K.), CoorsTek Inc. (U.S.), Kyocera Corporation (Germany), CeramTec GmbH (Germany), Rauschert Steinbach GmbH (Germany), and Morgan Advanced Materials Plc (U.K.),
Electrical & electronics, automotive, machinery, pharmaceuticals, military & defense, and others are the major industries contributing to the market.
Favorable regulations, growing intake of the component in the healthcare and defense industries play a major role in market growth.
Toughness, corrosion resistance, thermal stability, high tensile strength, and ballistic protection are the few properties that play a major role in the market growth.