The global advanced ceramics market size reached US$ 96.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 158.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.05% during 2023-2028.
Advanced ceramics are inorganic and non-metallic solids produced from highly refined and purified powders. Some commonly used advanced ceramics include alumina, titanate, zirconia, silicon carbide, and aluminum and silicon nitride. They are widely used in rotors, combustors, furnace heaters, hot gas filtration, fuel cell membranes, gas turbine airfoils, diesel engine filters, and fuel injectors. As compared to conventional ceramics, advanced ceramics have higher strength, stability, abrasion and chemical resistance, and can withstand extreme temperatures. They are also cost-effective and lightweight, offer high performance, improve productivity, and reduce operating costs. As a result, advanced ceramics are extensively used in aerospace, defense, industrial processing, and power generation industries.
Advanced Ceramics Market Trends:
The global advanced ceramics market is primarily being driven by significant growth in the electrical and electronics industry. Advanced ceramics are widely used to produce various electronic components, such as transistor dielectrics, insulators, capacitors, integrated circuit (IC) packages, and piezoelectric components. Apart from this, increasing product demand in the automotive industry to manufacture spark plugs, clutches, engine filters, sensors for electronic controls, and heat-resistant engine parts is providing a considerable boost to market growth. Additionally, the introduction of advanced ceramics produced from eco-friendly processes and naturally occurring minerals due to the rising concerns regarding environmental degradation is providing an impetus to market growth. Moreover, the widespread product adoption for manufacturing components of various emerging and energy-intensive technologies, such as artificial intelligence (AI), Internet of things (IoT), and fifth generation (5G) telecommunication, due to its durability, low power consumption, non-volatility, and high speed is acting as another growth-inducing factor. Besides this, extensive product utilization in the medical industry, continuous research and development (R&D) activities, and rising product incorporation in military armor and protection equipment are supporting the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced ceramics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on material type, class type and end use industry.
Breakup by Material Type:
- Silicon Carbide
Breakup by Class Type:
- Monolithic Ceramics
- Ceramic Coatings
- Ceramic Matrix Composites
Breakup by End Use Industry:
- Electrical and Electronics
- Defense and Security
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, AGC Inc., Blasch Precision Ceramics Inc., CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Corning Incorporated, Elan Technology, Ferrotec (USA) Corporation (Ferrotec Holdings Corporation), Kyocera Corporation, Materion Corporation, McDanel Advanced Ceramic Technologies LLC, Morgan Advanced Materials plc and Paul Rauschert GmbH & Co. KG.
|Base Year of the Analysis
||Material Type, Class Type, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||3M Company, AGC Inc., Blasch Precision Ceramics Inc., CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Corning Incorporated, Elan Technology, Ferrotec (USA) Corporation (Ferrotec Holdings Corporation), Kyocera Corporation, Materion Corporation, McDanel Advanced Ceramic Technologies LLC, Morgan Advanced Materials plc and Paul Rauschert GmbH & Co. KG
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