The global advanced ceramics market size reached USD 9.91 Billion in 2020 and is expected to register a revenue CAGR of 4.7%, during the forecast period, according to latest analysis by Emergen Research. Major factors driving market revenue growth include rising demand for advanced ceramic for high-performance characteristics, as well as increased use of advanced ceramic in the defense industry. Increasing advancements in nanotechnology are expected to boost revenue growth of the market going ahead. The need for lighter armor material and engine parts, wherein lower weight of composite materials is essential, is increasing rapidly. Various businesses are looking to develop more fuel-efficient aircraft. As a result, advanced ceramics components are expected to be used in the manufacture of new aircraft engines. Aircraft manufacturers are also focused on advanced ceramics as a replacement for traditional alloys and metals. Aside from the aerospace sector, defense equipment makers are focusing on lighter and high fracture durability armor materials for defense applications and vehicles.
However, higher cost of advanced ceramics than for alloys and metals and lower adoption rate of advanced ceramics for newer applications are factors expected to hamper growth of the global advanced ceramics market over the forecast period. Introduction of a certain advanced ceramic materials into newer applications is seen as a significant obstacle for market growth. The danger is mostly caused by a lack of customer awareness and trust in ceramic materials. Advanced ceramics are commonly considered good materials for high-end applications in the aerospace and defense sectors, but their use in low-cost applications, including component production in the electronics industry, is still being explored. Because of the high cost of such ceramics, many are unsuitable for these low-cost applications.
The latest report is the first study encompassing the current Advanced Ceramics market situation with respect to the COVID-19 outbreak. Since the advent of the outbreak, the global economic landscape has been grappling with adverse financial consequences. The report analyzes the drastic impact of the pandemic on this business sphere. The pandemic has affected nearly all segments of the Advanced Ceramics market. It has further hampered the developmental scope of various manufacturers and buyers engaged in this sector. Thus, the report studies the industry’s shifting dynamics to scrutinize the profits earned or loss suffered by different segments.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Advanced Ceramics market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
CeramTec GmbH, 3M Company, CoorsTek, Inc., Morgan Advanced Materials plc, Kyocera Corporation, Saint-Gobain Ceramics & Plastics, Inc., Ceradyne, Inc., Ortech, Inc., COI Ceramics, Inc., and Materion Corp.
Market Segmentation
Emergen Research has segmented the global advanced ceramics on the basis of product, material, application, end-use, and region:
Product Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Ceramic Coatings
Monolithic
Ceramic Matrix Composites
Ceramic Filters
Others
Material Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Ferrite
Titanate
Alumina
Zirconate
Silicon Nitride
Silicon Carbide
Aluminum Nitride
Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Catalyst Support
Engine Parts
Bio Ceramics
Electrical Equipment
Wear Parts
Electronic Devices
Filters
Others
End-use Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Transportation
Automotive
Electrical & Electronics
Machinery
Medical
Environmental
Defense & Security
Chemical
Others
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Some Key Highlights from the Report
Zirconate segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Zirconate is a key material because it has dielectric and ferroelectric characteristics, and increasing demand for zirconate in the electronics sector has been increasing steadily. Additionally, its capacity to withstand tensile strain as well as high electrical power makes it suitable for use in actuators, ultrasonic transducers, FRAM chips, and capacitors.
Catalyst support segment is expected to register a significantly robust revenue growth rate over the forecast period. Advanced ceramics are utilized in this application because these resist corrosion in harsh chemical conditions, help decrease particle pollution, and have excellent purity properties. These also provide advantages like perfect dimensional tolerance and virtually eliminating hot spots.
Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to increasing population, rapid urbanization, technical advancements, including 5G and IoT, and supportive government policies.
Key Objectives of the Global Advanced Ceramics Market Report:
An all-inclusive analysis and forecast estimation of the market have been included in this report.
The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Advanced Ceramics market and its leading players.
The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
The market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period of 2020-2027. The regions include North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Comprehensive Regional Analysis Covers the Following Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Advanced Ceramics market, including the global and regional analysis of the market. The study covers critical information and factual data about the Advanced Ceramics market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Advanced Ceramics market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Advanced Ceramics market industry.
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