Global Advanced Ceramics Market Size, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Advanced Ceramics Market


The global Advanced Ceramics market size is projected to reach US$ 146.01 billion by 2026, from US$ 86.58 billion in 2020, at a CAGR of 9.1% during 2021-2026. Rising demand from various industries such as heavy machinery, electronics, energy, automotive, cutting tools and defense is a key factor influencing market growth.

Industry growth is highly dependent on the dynamics of the electronic components and electrical equipment industries, which together accounted for over 70.0% of total demand in 2018. Products made from advanced ceramics, such as electrical conductive elastomers, find increasing applications in wire insulation, lamps, lighting, cell phones, inter-connectors, and power distribution on account of superior dielectric properties and good thermal stability.

The market is increasingly driven by growing use of the product in healthcare applications, including biomedical plants as well as bone implants. In addition, they are used in dental applications where ceramic teeth can be matched to a patients natural teeth. Numerous researchers have been striving to increase the application scope of the market in the healthcare industry, particularly in gene therapy and tissue engineering.

Increasing demand from the automotive industry is expected to have a positive impact on market growth over the forecast period. Car manufacturers, particularly in U.S., employ ceramic filters to remove particulates from molten metal, which in turn is used to form automotive bodies and components. Manufacturers in Asia Pacific largely utilize the product in the manufacturing of spark and glow plugs, oxygen sensors, knocking sensors, parking distance control systems, PTC heaters, and fuel injection systems.

Market Segmentation, Outlook & Viewpoint: Global Advanced Ceramics Market

Material Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Alumina
  
Titanate
  
Zirconate
  
Ferrite
  
Aluminum nitride
  
Silicon carbide
  
Silicon nitride

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Monolithic ceramics
  
Ceramic coatings
  
Ceramic matrix composites

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Electrical equipment
  
Catalyst supports
  
Electronic devices
  
Wear parts
  
Engine parts
  
Filters
  
Bioceramics
  
Others

End-use Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Electrical & electronics
  
Automotive
  
Machinery
  
Environmental
  
Medical
  
Others

Key Players, Recent Developments & Regional Insights: Global Advanced Ceramics Market

Monolithics was the largest segment in 2018, accounting for a share of 78.9% that year. Rising utilization in the electronics and electrical sector, particularly in developing countries in Asia Pacific, is expected to propel its demand over the next few years. Some of the major product type are silicon nitride, silicon carbide zirconium, and zirconium carbide. These materials offer properties like reliability, durability, and wear and high temperature resistance, which are specifically favorable for industrial use.

Ceramic matrix composites are expected to form the fastest growing segment at a CAGR of 11.5% over the forecast period. They are utilized in applications such as chemical, mechanical, defense, aerospace, environment, and energy owing to their superior properties such high strength and excellent heat and wear resistance. Extensive research and development processes are carried out in this segment to develop advanced products that can act as effective alternatives to metal alloys in hot zone structures.

Ceramic coatings are inorganic materials that possess high temperatures. It is usually a composition based on alumina, chromia, hafnia, silica, alumina-magnesia, silicon carbide, silicon nitride, titania, and zirconia. Major industries that use this product are medical, automotive, aerospace, environmental protection, and fiber optics communications.

Application Insights

Electronic devices formed the largest application segment in the advanced ceramics market in 2018, accounting for 47.0% of the global revenue that year. Increasing global need for cost-effective and high performance electronic gadgets, particularly in Asia Pacific, will fuel demand over the forecast period. Advanced ceramics are employed in a wide range of applications in the electronic device market for superconducting, insulating, magnetic, semi conducting, and piezoelectric applications.

Bioceramics are predicted to emerge as the fastest growing segment over the forecast period with a CAGR of 11.4%. They are inert substances and possess excellent strength and wear resistance. Therefore, they are extensively utilized in surgical implants like bone and dental implants. Commonly used materials in this segment include aluminum oxide and zirconia oxide. These are commonly utilized in the manufacturing of orthopedic and dental implants.
Engine parts also form a key segment in the market and will witness significant growth over the forecast period. A ceramic engine can resist high temperatures. This enables combustion of fuel to be more complete as compared to metal alloys, resulting in increased combustion efficiency. Among the various engineering materials, silicon nitride is most suitable for use in internal combustion engines and turbines.

End-use Insights

The electrical and electronics segment dominated the market with a share of 56.8% in 2018 owing to its booming industry. Advanced ceramics are used to manufacture electrical equipment like insulators, conductors, outlet boxes, insulted wires, connectors, circuit board, battery cases, terminal strips, and membrane switches. Lightweight features, fire resistance, easy formability, high temperature stability, and high electrical properties of the product make it suitable for electrical and electronic applications.

The environmental segment is projected to emerge as the fastest growing end-use segment over the forecast period with a CAGR of 11.6%. Advanced ceramics have the capability to resist temperatures over 1000°C. As a result, they are suitable for use in photovoltaics, solar energy conversion, and other power plant engine systems. Moreover, they have high resistance to corrosive attacks, thermal shocks, and wear. Therefore, they are widely utilized in environmental technologies like water treatment and processing.

Advanced ceramics are widely employed in the medical sector. Extensive utilization in cardiovascular implants, dental implants, orthopedic implants, and medical imaging equipment is one of the major factors driving this market. Moreover, rising incidence rates of dental, cardiovascular, and orthopedic diseases, along with expanding global base of elderly population is predicted to spur product demand.

The automotive end-use segment is projected to witness strong growth owing to rising automotive production around the globe. The product is used in various applications such as in glass windows and spark plug insulators. According to the International Organization of Motor Vehicle Manufacturers (OICA), the global automotive production in 2017 increased by 2.4% from 2016, due to increase in global deposable income. This is estimated to have a positive impact on product demand.

Regional Insights

Asia Pacific was the largest regional market in 2018, accounting for a share of 40.1% that year. The region is expected to continue its dominance over the forecast period due to growing automotive and electrical and electronics industries, particularly in China and India. Asia Pacific has been a prominent contributor in the electronics industry due to significant consumption of consumer electronic devices, especially in emerging markets of China, India, and Thailand. In addition, growing automotive production in the region owing to rising disposable income and fast-paced lifestyle of consumers is expected to spur the market.

North America is expected to witness significant growth in the industry on account of rising healthcare awareness and growing electronics industry in the region. Although the electronics sector in North America is relatively mature, product adoption for various electronics applications is set to increase owing to rising penetration of smart offices and smart homes in the region.

Europe is expected to lose market share over the forecast period to the developing economies of Asia Pacific, Central and South America, and Middle East and Africa. Declining growth of the manufacturing sector in France, Germany, and Italy on account of shifting manufacturing bases to Asian countries with low manufacturing cost is expected to negatively affect market growth.

Central and South America is anticipated to witness moderate market growth over the forecast period. Growing automobile industry, particularly in Brazil, Chile, and Argentina, is expected to have a positive impact on the industry over the next few years. In addition, increasing health awareness among consumers is expected to boost demand for bioceramics in the region.

Advanced Ceramics Market Share Insights

The global market is dominated by top multinational companies who have successfully expanded their geographical footprint across the globe as part of their growth strategy. Some of the major market players are Corning Inc.; Morgan Advanced Materials; Kyocera Corporation; CeramTec; CoorsTek, Inc.; McDanel; and Momentive Performance Materials, Inc.

Most of manufacturers are integrated across several stages of the value chain in intermediate as well as final end-use product. Technological innovations aimed at development of cost-effective manufacturing processes are expected to remain critical success factors for market growth over the forecast period.

Key Insights Covered: Global Advanced Ceramics Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Advanced Ceramics industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Advanced Ceramics industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Advanced Ceramics industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Advanced Ceramics industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Advanced Ceramics industry.

Research Methodology: Global Advanced Ceramics Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other