The market for advanced ceramics is predicted to reach a value of $73.5 billion globally in 2023 and expand at a 7.0% CAGR from 2023 to 2033.
Engineered or technical ceramics, also referred to as advanced ceramics, are high-performance materials with superior qualities like high-temperature resistance, great hardness, little thermal expansion, and exceptional electrical insulation.
There is a rising demand for advanced ceramics in various industries, such as electronics, automotive, aerospace, and healthcare. The need for lightweight materials with superior performance attributes is boosting the adoption of advanced ceramics in these sectors.
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The increasing focus on energy efficiency and renewable energy sources has further propelled the market. Advanced ceramics find applications in components for power generation, energy storage, and clean technologies. A range of applications and demand across booming end-use industries is likely to drive the advanced ceramics market in the coming years.
Key Takeaways from Market Study
- The projected CAGR for the global advanced ceramics market from 2023 to 2033 will be 7.0%
- The global advanced ceramics market size is estimated to reach US$ 144.6 billion in 2033
- Sales of alumina ceramics are expected to increase 2.3X over the forecast period
- Alumina ceramics continues to be the highest revenue-generating segment, accounting for 50.0% of global revenue
- Sales of advanced ceramics in India will most likely flourish at a CAGR of 3.0% during the forecast period
Increasing Adoption of Advanced Ceramics in Electric Vehicles (EVs) and in 5G Technology to Boost the Demand Growth, says a Fact.MR analyst.
Market Growth Stratagems
The key players in the advanced ceramics market are focusing on partnerships to expand the level of business to a higher level. For instance, “Fortify”, a Boston-based 3D printing start-up has teamed up with ceramic 3D printing materials specialist “Tethon 3D” to support the development of advanced/engineered ceramics for 3D printing and to develop ceramics in a variety of AM applications.
Competitive Landscape:
The manufacturers of advanced ceramics strategies to develop new products to develop their product portfolios and increase the sales of the advanced ceramics. For instance,
- In April 2021, “Swatch” Introduces World-First Bioceramic with 47 mm Big Bold Watch.
- In August 2021, “XJet Ltd.”, a provider of ground-breaking metal and ceramic additive manufacturing technologies and solutions, announced the commercial availability of alumina technical ceramic adding to its portfolio of additive manufacturing materials.
Key Companies Profiled
- 3M Company
- Applied Ceramics Inc.
- Blasch Precision Ceramics, Inc.
- Ceramtec GmbH
- Coorstek Inc.
- H.C. Starck GmbH
Segmentation of Advanced Ceramics Industry Research
- Advanced Ceramics Market by Material:
- Alumina Ceramics
- Ceramic-based Components
- Titanate Ceramics
- Zirconia Ceramics
- Silicon Carbide Ceramics
- Ceramic Filters
- Others
- Silicon Nitride Ceramics
- Magnesium Silicate Ceramics
- Pyrolytic Boron Nitride Ceramics
- Aluminium Nitride Ceramics
- Electroceramics
- Structural Ceramics
- Technical Ceramics
- High-tech Ceramics
- Ferrite Ceramics
- Transparent Ceramics
- Advanced Ceramics Market by Class:
- Ceramic Matrix Composites
- Ceramic Coatings
- Monolithic Ceramics
- Advanced Ceramics Market by Application:
- Electrical Equipment
- Catalyst Support
- Electronic Devices
- Wear Parts
- Engine Parts
- Filters
- Bioceramics
- Advanced Ceramics Market by End-User:
- Electrical & Electronics Sector
- Transportation Sector
- Medical Sector
- Defense & Security Sector
- Environmental Sector
- Chemical Sector
- Advanced Ceramics Market by Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa