The advanced ceramics market size is projected to be valued at USD 40,142.0 million in 2023 and is expected to rise to USD 63,542.7 million by 2033. The sales of advanced ceramics are expected to record a significant CAGR of 4.7% during the forecast period.
The market is a rapidly growing sector encompassing a wide range of ceramic materials with exceptional properties and performance characteristics.
Advanced ceramics, also known as engineered or technical, are designed to exhibit superior strength, hardness, wear resistance, thermal stability, and chemical inertness.
These ceramics are manufactured using advanced processing techniques, such as powder synthesis, sintering, and advanced shaping methods. They find applications in various industries, including aerospace, automotive, electronics, healthcare, energy, and defense, where high-performance materials are required.
Additionally, advancements in ceramic manufacturing technologies, such as additive manufacturing or 3D printing, have further expanded the possibilities for designing complex ceramic structures with customized properties.
| Attribute | Details |
|---|---|
| Market Estimated Size (2023) | USD 40,142.0 million |
| Market CAGR (2023 to 2033) | 4.7% |
| Market Forecasted Size (2033) | USD 63,542.7 million |
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The advanced ceramics industry witnessed a 3.8% CAGR from 2018 to 2022. Industries such as aerospace, automotive, electronics, healthcare, and energy increasingly recognized the benefits of advanced ceramics and incorporated them into their products and processes.
However, the growth forecast from 2023 to 2033 indicates even higher growth potential for the advanced ceramics market.
Several factors contribute to this optimistic outlook. Firstly, there is a growing need for advanced ceramics in emerging industries such as renewable energy, 3D printing, and electronics. These sectors require materials with superior properties to meet the demands of evolving technologies.
Secondly, ongoing research and development efforts are focused on enhancing the performance characteristics of advanced ceramics, making them more versatile and suitable for a wider range of applications.
Moreover, increasing environmental concerns and regulations are driving the demand for sustainable and eco-friendly materials. Advanced ceramics, with their durability, chemical inertness, and recyclability, are well-positioned to meet these requirements and replace less environmentally friendly alternatives.
Increasing uses of silicon carbide ceramics (SiC) and gallium nitride (GaN) in photovoltaic modules, wind turbines, and pollution control applications are boosting the growth of the market.
Also, increased demand for advanced ceramics from multiple end-use industries due to various advanced ceramics properties, increasing demand for silicon nitride ceramics, and growing sales of ceramics coatings are driving the market growth.
The increased adoption of zirconia ceramics, recent trends in advanced ceramics technology, and growing demand for titania-based materials are expected to increase the demand for advanced ceramics.
Growing demand for electroceramics, increasing use of ceramics coatings, and rising sales of high-performance ceramics are driving market growth. Rising production and consumption of these materials and components for the electrical and electronics sector may boost the demand for advanced ceramics in the coming years.
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Although the market has numerous end-uses, there are numerous obstacles that likely pose a challenge to market growth. The high prices associated with advanced ceramics than metal and alloy may impede the growth of the market.
The production of alumina and silicon carbide fiber is low, which leads to increasing prices of carbide, which affects the growth of the market.
The generation of the matrix is another factor responsible for the higher prices of advanced ceramics. Lack of customer awareness leads to less use of ceramics in the new application and may restrain the growth of the market.
The leading position of silicon carbide can be attributed to its remarkable combination of high thermal conductivity, excellent mechanical strength, low thermal expansion, and superior chemical resistance.
Silicon carbide finds extensive applications in industries such as automotive, aerospace, electronics, energy, and metallurgy. In the automotive sector, it is utilized in components like brake discs, bearings, and engine parts due to its exceptional wear resistance and thermal conductivity.
Advanced ceramics find extensive applications in various medical devices and components due to their unique properties and benefits. The medical industry takes the lead in the end-use segment of the advanced ceramics market, capturing a significant market share of 31.0%.
The strong foothold of the medical industry in the advanced ceramics market reflects the increasing adoption and reliance on ceramics in the healthcare sector.
The industry's focus on developing advanced medical devices and improving patient outcomes drives the demand for advanced ceramics. With ongoing advancements in ceramic materials and manufacturing processes, the medical industry is expected to continue leading the end-use segment of the advanced ceramics market.
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Increase in use in the electrical & electronics industry and growing demand for aluminum nitride ceramics, the region's market is predicted to lead the sector in the forthcoming decade.
The expansion of manufacturing industries and the benefits of incorporating sophisticated ceramics into areas such as aerospace and automotive are expected to accelerate market growth in the United States.
Increasing demand for high-quality semiconductors that carry out ultra-high frequency signal transmission to ensure improved connectivity is further expected to boost the market growth.
According to Future Market Insights, Europe is likely to account for a 12% share of the total global market in 2022. The growth in the European market is attributed to the rapid growth of end-use industries, such as electronics and medical equipment industries, in these countries.
For instance, in July 2021, Morgan Advanced Materials became part of The Midlands Industrial Ceramics Group, which secured £18.27 million in government funding provided through the United Kingdom Research and Innovation's flagship Strength in Places Fund (SIPF) to put the area firmly on the map as a global center for advanced ceramics.
The Indian Market for Advanced Ceramics is Experiencing a Compound Annual Growth Rate of 5.6% During the Analysis Period
The Indian market has witnessed significant advancements in sectors such as automotive, electronics, healthcare, energy, and aerospace, all of which contribute to the increasing utilization of advanced ceramics.
These industries recognize the unique properties and benefits offered by advanced ceramics, including high-temperature resistance, corrosion resistance, electrical insulation, and mechanical strength.
As India continues to invest in infrastructure development, technological advancements, and sustainable initiatives, the demand for advanced ceramics is expected to grow further, presenting significant opportunities for manufacturers, suppliers, and industry stakeholders in the country.
These companies operate globally and focus on product innovation, strategic partnerships, and expansion to maintain a strong foothold in the market.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.7% from 2023 to 2033 |
| Base Year of Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and Volume in Units and F-CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | Class, Material, End-use industry, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | CoorsTek; Kyocera Corp; Corning Inc.; Morgan Advanced Materials; Murata Manufacturing Co. Ltd; Ceram Tec.; Ceradyne Inc.; AGC Ceramics Co. Ltd.; Elan Technology; Nishimura Advanced Ceramics Co. Ltd. |
| Customization & Pricing | Available upon Request |
The overall market is expected to progress with a CAGR of 4.7% until 2033.
The global advanced ceramics market size is forecasted to be US$ 63,542.7 million by 2033.
Advanced ceramics sales in the United States generated a revenue of 24.4% in 2022.
The global demand for advanced ceramics surged at an average 3.8% CAGR from 2018 to 2022.
Silicon carbide is the leading material segment, with 34.1% of market share in 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Class 5.1. Coatings 5.2. Monolithic 5.3. Matrix Composites 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Silicon Carbide 6.2. Alumina 6.3. Zirconia 6.4. Titanate 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industry 7.1. Medical Use 7.2. Transportation 7.3. Electrical & Electronics Manufacturing 7.4. Defense & Security 7.5. Chemical Manufacturing 7.6. Environmental Use 7.7. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. CoorsTek 18.2. Kyocera Corp 18.3. Corning Inc. 18.4. Morgan Advanced Materials 18.5. Murata Manufacturing Co. Ltd 18.6. Ceram Tec. 18.7. Ceradyne Inc. 18.8. AGC Ceramics Co. Ltd. 18.9. Elan Technology 18.10. Nishimura Co. Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
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Advanced Ceramics Market
