Global Technical Ceramic Market to Reach US$ 128.9 Billion by 2032, Impelled by Rising Product Adoption in Various Industrial Applications

March 13, 2023 | Chemical & Materials

The latest report by IMARC Group, titled "Technical Ceramic Market Report by Material Type (Oxide Ceramic, Non-Oxide Ceramic), Product (Monolithic Ceramics, Ceramic Coatings, Ceramic Matrix Composites (CMC)), End Use Industry (Electronics and Semiconductor, Automotive, Energy and Power, Medical, Military and Defense, and Others), and Region 2024-2032," finds that the global technical ceramic market size reached US$ 84.1 Billion in 2023. Technical ceramics, also known as advanced or engineered ceramics, are inorganic materials manufactured with synthetic raw materials under a controlled process. These materials exhibit high strength and electrical and corrosion resistance properties. They are also customizable and can maintain a precise and high-tolerance finish longer than any other material. Owing to these benefits, technical ceramics are widely utilized in the electronics, healthcare, and automotive industries across the globe.

Global Technical Ceramic Market Trends:

The market is primarily driven by the increasing utilization of technical ceramics as alternatives to metals, polymers, and refractory materials due to their hardness, chemical stability, and high-temperature properties. Technical ceramics are widely utilized to manufacture liners, shafts, pump plungers, valve seats, spray nozzles, mechanical seals, milling media, knives, lift pins, blades, bushings, and semiconductor rings. In addition, the emergence of advanced technical ceramics, such as aluminum oxide (Al2O3), zirconium dioxide (ZrO2), silicon carbide (SiC), and silicon nitride (Si3N4), that are used in metal forming and machining of parts represents another major growth-inducing factor. Besides this, these ceramics are widely adopted in the healthcare industry to produce hip and knee implants as they offer chemical inertness and high wear resistance. This, coupled with the rising product adoption in dentistry for implants, fillings, and bonding materials in root canal procedures, is positively influencing the market growth. Looking forward, IMARC Group expects the market value to reach US$ 128.9 Billion by 2032, exhibiting a CAGR of 4.8% during the forecast period (2024-2032). 

Market Summary:

  • Based on the material type, the market has been bifurcated into oxide and non-oxide ceramic.
  • On the basis of the product, the market has been classified into monolithic ceramics, ceramic coatings, and ceramic matrix composites (CMC).
  • Based on the end use industry, the market has been segmented into electronics and semiconductor, automotive, energy and power, medical, military and defense, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined in the report, with some of the key players being 3M Company, Bakony Technical Ceramics, CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Elan Technology, General Electric Company, KYOCERA Corporation, Mantec Technical Ceramics Ltd., Morgan Advanced Materials plc, NGK Spark Plug Co. Ltd. and Rauschert GmbH.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Material Type, Product, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, Bakony Technical Ceramics, CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Elan Technology, General Electric Company, KYOCERA Corporation, Mantec Technical Ceramics Ltd., Morgan Advanced Materials plc, NGK Spark Plug Co. Ltd. and Rauschert GmbH.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Technical Ceramic Market to Reach US$ 128.9 Billion by 2032, Impelled by Rising Product Adoption in Various Industrial Applications
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