New York, United States, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Advanced ceramics are distinguishable from traditional ones like brick and porcelain because of their superior strength, greater operating temperatures, enhanced toughness, and customizable features.
These materials can be substituted for metals in applications where their lower density and greater melting temperatures improve efficiency, productivity, and operation speed. Advanced ceramics are superior to metals and polymers due to their excellent stability, resilience, chemical inertness, electrical characteristics, and suitability for mass production. Differentiating advanced ceramics from ordinary ceramics is the nature of the link between ceramic particles.
The capacity of advanced ceramics to operate at temperatures significantly higher than those of metals is one of their most appealing characteristics. Advanced uses include engine components, cutting tools, valves, bearings, and equipment used in chemical processes. Superconductors, substrates, magnets, capacitors, and transducers are examples of electronic uses for ceramics with a low thermal expansion coefficient and solid thermal conductivity. Increasing demand in the medical industry and as a substitute for metals and plastics is the key factor driving the market's expansion.
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An Alternative of Metal and Plastics and the High demand in Healthcare Segment to Drive the Market of Advanced Ceramics
As an engineering material, these advanced ceramics outperform metal-based systems in several respects. These characteristics make advanced ceramics practical in terms of performance and cost-efficiency. These characteristics include excellent abrasion resistance, superior hot strength, chemical inertness, high machining speeds, and dimensional stability. They are among the most flexible materials due to their hardness, physical stability, exceptional heat resistance, chemical dormancy, superior electrical capabilities, and adaptability for mass-produced goods.
Advanced ceramics are also employed in aerospace, where turbine blades can withstand high temperatures and pressures. Due to their advantageous qualities, advanced ceramics are considered the ideal alternative to metals and plastics. In addition, these sophisticated ceramics are lighter than most metals, making them suited for medical applications, and they can withstand harsh temperatures for an extended period. Consequently, increasing market demand for the substance. Additionally, advanced ceramics are utilized in medical devices and equipment such as ultrasonic instruments, infusion pumps, dialysis machines, and diagnostic equipment. The market for advanced ceramics is anticipated to be driven by the continued development of the healthcare sector.
Report Scope
| Report Metric | Details |
| Market Size | USD 147.8 Billion by 2030 |
| CAGR | 7% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Raw Material, Class Type, End-User |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | MARWA Co. Ltd, Materion Corporation, McDanel Advanced Ceramic Technologies, Morgan Advanced Materials, Murata Manufacturing Co. Ltd, Rauschert GmbH, Saint-Gobain, Small Precision Tools Inc., Vesuvius PLC, Wonik QnC Corporation |
| Key Market Opportunities | Newer innovations in the field of microelectronics |
| Key Market Drivers | Use as an Alternative to Metals and Plastics to Aid Growth |
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Impact of Covid-19
Covid-19 had significant adverse effects on the global market for advanced ceramics. The COVID-19 virus extended from China to the rest of the world, resulting in a complete global lockdown.
Covid-19 is an infectious disease that is caused by a recently identified coronavirus. Globally, the mortality rate among the over-40 group was likewise elevated. The disease severely impacts people suffering from medical issues like diabetes, cardiovascular disease, chronic respiratory disease, etc. In light of the circumstances during the time, a pandemic was declared, resulting in curfews in various nations, including China, the United States, India, and others, which negatively impacted the world economy.
In the first two quarters of 2020, economic and industrial operations temporarily ceased. Due to a scarcity of labour, almost every production unit that uses sophisticated ceramics, including those in the electrical and electronics, transportation, industrial, chemical, and other End-user Industries (save for the medical sector), has lowered their manufacturing capacity. The enforced lockdown halted global supply networks. This had repercussions for both the production and demand for advanced ceramics. The lockdowns were eventually lifted, and the public was allowed to relax. Gradually, the economy picked up speed and began operations, which increased demand in the worldwide advanced ceramics market and other industries.
As the situation improved during the first few months of 2021, the economies strengthened their fiscal policies and initiated their development processes; end-user industries resumed operations, restoring the ceramics market to its previous trajectory.
Regional Insights
Europe, North America, Asia-Pacific, South America, the Middle East, and Africa are used for segmentation based on geography.
Asia-Pacific will account for a market share of USD 78947 million during the forecast period, growing with a CAGR of 7%.
China's economy is one of the most significant GDPs among Asia-Pacific nations. Despite the economic disruption caused by the trade war with the United States, the country's GDP increased by approximately 6.1% in 2019. Initially, it was anticipated that China's economic growth rate in 2020 would be comparable to that of the previous year. In 2020, China's economic development slowed significantly due to the onset of a pandemic. The nation's emphasis on aviation expansion is poised for exponential growth. High demand for aviation has prompted the government to implement an airport construction project, including massive investments in terminals and runways. The regional ceramics market should benefit from these developments.
North America's share is anticipated to reach USD 35494 million during the projected period, expanding at a CAGR of 6%. The country is home to nations such as the United States, Canada, and Mexico, which significantly contribute to the region's economic prosperity. The American aerospace industry is the largest in the world. According to the Federal Aviation Administration, the total number of commercial aircraft will reach 8,270 by 2037 due to the increased air freight. Due to the ageing of the current fleet, it is projected that the United States mainliner carrier fleet will increase to 54 aircraft per year.
Strong exports of aircraft components to nations such as France, China, and Germany and exponential consumer spending in the United States promote the aerospace industry's production activities, hence rising demand for advanced ceramics. Considering the size of the market, the United States electronic market is among the largest globally. During the projection period, the advanced ceramics market in the United States electronics industry is projected to expand due to innovative technologies, increasing research and development centers, and rising consumer demand.
Key Highlights
- The alumina segment will have a share of USD 57834 million with a CAGR of 7% during the forecast period.
- Monolith Ceramics is envisioned to have a value of USD 115279 million with a CAGR of 7% by 2030.
- Electrical and Electronics end-user segment will have a share of USD 64898 million with a CAGR of 7%.
- Asia Pacific is expected to have a market share of USD 78947 million with a CAGR of 7% by 2030.
- North America will have a share of USD 35494 million with a CAGR of 6% during the forecast period.
Competitive Players in the Market
- ADANI Systems Inc.
- Agfa-Gevaert Group
- Canon Medical Systems
- GE Healthcare
- Hitachi Ltd.
- Koninklijke Philips N.V.
- Shimadzu Corporation
- Siemens Healthineers
- Toshiba Medical Systems Corporation
- Ziehm Imaging GmbH
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Global Advanced Ceramics Market: Segmentation
Based on Raw Material
Titanate, Zirconia, Silicon Carbide, Aluminum Nitride, Alumina, Silicon Nitride, Magnesium Silicate, Pyrolytic Boron Nitride, Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings and others.
Based on class type
- Monolithic ceramics
- Ceramic matrix composites
- ceramic coatings
Based on End-user
- Electronics & electrical
- Transportation
- Medical
- Industrial
- Defense & security
- Chemical Industries
- others.
Based on the region:
- North America
- Asia-Pacific
- South America
- Middle East
- Africa
TABLE OF CONTENT
- Introduction
- Market Definition
- Market Scope
- Research Methodology
- Primary Research
- Research Methodology
- Assumptions & Exclusions
- Secondary Data Sources
- Market Overview
- Report Segmentation & Scope
- Value Chain Analysis: Advanced Ceramics Market
- Key Market Trends
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitution
- Threat of New Entrants
- Competitive Rivalry
- Market Share Analysis
- Raw Material Type Overview
- Introduction
- Market Size & Forecast
- Titanate
- Market Size & Forecast
- Zirconia
- Market Size & Forecast
- Introduction
- Class Type Overview
- Introduction
- Market Size & Forecast
- Monolithic Ceramics
- Market Size & Forecast
- Ceramic Coatings
- Market Size & Forecast
- Introduction
- Regional Overview
- Introduction
- Market Size & Forecast
- America
- North America
- U.S.
- By Raw Material Type
- By Class Type
- Canada
- By Raw Material Type
- By Class Type
- Mexico
- By Raw Material Type
- By Class Type
- Latin America
- By Raw Material Type
- By Class Type
- Europe
- Market Size & Forecast
- Germany
- By Raw Material Type
- By Class Type
- France
- By Raw Material Type
- By Class Type
- U.K.
- By Raw Material Type
- By Class Type
- Italy
- By Raw Material Type
- By Class Type
- Spain
- By Raw Material Type
- By Class Type
- Rest of Europe
- By Raw Material Type
- By Class Type
- Asia Pacific
- Market Size & Forecast
- Japan
- By Raw Material Type
- By Class Type
- China
- By Raw Material Type
- By Class Type
- Australia
- By Raw Material Type
- By Class Type
- India
- By Raw Material Type
- By Class Type
- South Korea
- By Raw Material Type
- By Class Type
- Rest of Asia-Pacific
- By Raw Material Type
- By Class Type
- Middle East & Africa
- Market Size & Forecast
- Saudi Arabia
- By Raw Material Type
- By Class Type
- South Africa
- By Raw Material Type
- By Class Type
- Kuwait
- By Raw Material Type
- By Class Type
- Rest of Middle East & Africa
- By Raw Material Type
- By Class Type
- Introduction
- Company Profile
- MARWA Co Ltd
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- Materion Corporation
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- McDanel Advanced Ceramic
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- MARWA Co Ltd
- Conclusion & Recommendation
- Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/advanced-ceramics-market/toc
Market News
- 2022, Murata Manufacturing Co. Ltd released an advanced noise filter design support tool that contributes to saving design resources.
- 2022, Murata Manufacturing Co. Ltd announced the availability of the DFE32CAH_RO series of metal power inductors for high power applications.
- 2022, Murata Manufacturing Co. Ltd developed the MHM320 ionizer.
- 2022, Rauschert GmbH started the development of a new generation sodium battery.
News Media
Miniaturization of Capacitors have bolstered the Global Microwave Ceramics Capacitor Market
Global Plastic Resin Market Size Worth USD 1,104 Billion in 2030 | CAGR of 4.5%
Have a Look at the Related Research Report
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Thermal Ceramics Market: Information by Type (Ceramic Fabrics, Insulation Bricks), End-use Industry (Construction, Manufacturing, Power Generation, Aerospace), and Region — Forecast till 2030
Electronic Ceramics Market: Information by Material (Alumina, Zirconia, Silica), Application (Capacitors, Optoelectronic Devices), End-User (Electronics), and Region — Forecast till 2030
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