Advanced Ceramics Market: Leading Manufacturers Expected to Motivate Growth during 2018-2027|| Industry players- Kyocera Corporation, CeramTec GmbH, Coorstek, Morgan Advanced Materials, The 3M Company
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High-Performance Engineering Applications Create Demand for Ceramic Matrix Composites
Reinforced with fibers such as silicon carbide, ceramic matrix composites (CMCs) offer end users important properties, such as low density, excellent thermal and chemical resistance, and higher strength. That, combined with CMCs’ intrinsic property to be tailored as composites, make the material suitable for high-performance engineering applications, especially in aerospace and defense industries. Advanced ceramics such as ceramic matrix composites have huge potential in 3D printing whether the material is oxide-oxide, C/C or SiC/SiC as it has combination of properties required in the industry space. The advanced ceramics landscape is witnessing new developments of highly efficient next generation of CMCs that are highly adopted in critical applications such as military, industrial turbines and commercial jet engines.
Opportunities Abound for Advanced Ceramics Manufacturers as Sensors become Integral to ‘IOT Revolution’
As clamor for highly-advanced and sophisticated technologies is on the rise, multiple appliances are being outfitted with different types of sensors for efficient communication and detection. End-users show continued preferences for efficient sensors that don’t interfere with core purpose of the respective device, while reinvigorating the connectivity and reliability aspects. In response to the aforementioned, technical ceramics or advanced ceramics is rapidly stepping in and putting metal and polymer variants in the shade. Durability, acute thermal management and electrical insulation drives the large-scale penetration of advanced ceramics in sensor components, offering repeatable and reliable performance amid demanding ecosystems.
Intensifying Competition between Players to Augur Well for Sales
The competition in advanced ceramics market have been observed to intensify in the recent years. The manufacturers of advanced ceramics are investing in improving their product offering, as well as expanding their production capacities, to cater to the rising demand. For instance, General Electric acquired the business of Advanced Ceramics Corporation. The 3M Company, acquired the advanced ceramics business of Ceradyne Inc. in 2012. With this acquisition the company further strengthened its position and product offerings in North America. As the shift towards low carbon economy gains widespread momentum, the market players are eyeing to take a significant slice of piezoelectric ceramics space. Government and private equity investments in energy-harvesting technologies continue to promote the development of piezoelectric sensors and transducers, alluding to a bright future application scope for advanced ceramics. Additionally, advanced ceramics sales will be driven by their vitality in sensors that seek extensive adoption in smart factories, wherein automation, robotics, IoT, and AI technologies are gaining fast momentum.
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Notable Advances in Advanced Ceramics R&D Complementing Adoption
Persistent advances in research and development framework are expanding the application possibilities for advanced ceramics, thereby working in favor of the manufacturers. One such significant advances includes improvements in the fracture toughness, primarily for structural ceramics. Unlike the conventional ceramics with low strength, the new-age advanced ceramics are making headway with unparalleled strength and robustness. Several new technologies have been introduced to the fore over the recent years that are aimed at ameliorating efficiency of advanced ceramics, such as fiber reinforcement and incorporation of extra duct binders, influencing year-on-year growth of the global market. Several research studies point that advanced ceramics have demonstrated exceptional consistency amid severe conditions, including transport, energy and environment, wear-related applications, and electronic applications. However, several other studies also quote that advanced ceramics are yet to gain broader market penetration, which can be enabled by persistent efforts in research and development.
Market Remains Fragmented with SMEs on the Forefront
The report provides a comprehensive profiling of other market players. Key players operating in the advanced ceramics market include Kyocera Corporation, Ceramtec GmbH, Coorstek Inc., Morgan Advanced Materials PLC, Mcdanel Advanced Ceramic Technologies LLC, Rauschert Steinbach GmbH, 3M Company, DowDuPont Inc., Elan Technology, General Electric Company, CUMI, Nishimura Advanced Ceramics, and Toto Ltd.
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