The global advanced ceramics market will be driven by the demand for advanced technologies coupled with its applications in a wide range of industrial segments across the globe during the forecast period 2021-2026
Expert Market Research’s new report titled, ‘Global Advanced Ceramics Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global advanced ceramics market, assessing the market based on its segments such as Source, Product, Industry and Major Regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
Note 1: For an overview of primary and secondary market data (2016-2026), along with business strategies and detailed market segmentation, please click on the sample demand report. The sample report will be delivered to you within 24 hours.
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Key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 7%
Absorbed ceramic products are growing in popularity due to their increased strength, temperature resistance, toughness and relatively long service life, with customizable features. The eco-friendly properties of these materials and the rise of advanced ceramics to replace conventional metals are key factors driving the advanced ceramics market. Due to the increase in demand for ceramics in the medical industry, the demand for advanced ceramics is expected to increase. Improvements in ceramics are prompting companies to expand the production of advanced ceramics. Also, the easy availability of raw materials is expected to boost the demand for advanced ceramics over the forecast period. Rising demand from end-use industries such as medical and renewable energy and rising demand from clean technology industry are expected to drive the advanced ceramics market over the forecasted years.
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Industry definition and major segments
In the development and manufacture of ceramic materials, advanced ceramics, substances and processes are used because they exhibit unique properties. Advanced ceramics are differentiated by their greater strength, higher operating temperatures, improved toughness and customizable characteristics compared to traditional ceramics such as brick and porcelain. The nature of the bond between the ceramic particles helps distinguish ceramics from conventional ceramics in engineering. As a result, there are now ceramic products that are as strong and electrically conductive as some metals.
Basic Type, market is split into:
- Monolithic ceramic
- Ceramic coatings
- Ceramic matrix composites
On the basis of materials, the industry can be segmented into:
- Silicon carbide
- Aluminum nitride
- Silicon nitride
By end-use market, the industry is classified as follows:
- Electrical and Electronic
- Defense and Security
By region, the industry is classified into:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The demand for advanced ceramics is changing rapidly as new technologies generate new opportunities for industry players in a wide variety of industry segments. However, the fragile nature of advanced ceramics is expected to slightly hamper the overall demand in the market. The high cost of these materials compared to other materials such as metals is also expected to hamper the global advanced ceramics market. Advanced ceramic properties such as corrosion resistance, high temperature stability, light weight and low thermal expansion are expected to drive the market in the coming years. The advanced ceramics industry in the world is experiencing technical developments. Companies are actively working to produce modern and more complex ceramics. It is estimated that the production of new manufacturing processes and applications of advanced ceramics will propel the advanced ceramics industry. During the projected period, growing demand from end-use industries including clean energy and medical industries is expected to fuel the growth of the market. The development of the industry will also be supported by the increase in demand for products from the renewable technology sectors. Items such as solid oxide fuel cells, for example, are made entirely from advanced ceramics. Their benefits are expected to further expand their use in industry by replacing single critical components such as insulation materials.
During the historical period, Asia-Pacific dominated the global market. Rising investment in the manufacturing sector of emerging economies, such as China, Japan, India and Southeast Asia, is driving the region’s development. Significant growth is predicted in the region’s electronics industry as leading companies are eager to build their factories in these countries due to the easy availability of raw materials and low-cost labor. North America accounts for a significant share of the market. The growth of the market could be mainly attributed to advancements in the transportation and electronics industry in Europe and North America. Growing demand for environmentally friendly products coupled with advancements in technology is expected to fuel the demand for advanced ceramics over the coming years globally.
Main market players
The major market players are 3M CO., KYOCERA Corporation, Corning Incorporated, Materion Corporation, Coors Tech Inc, International Ceramics Inc, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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