Advanced Ceramics Market worth $15.1 billion by 2028 | Key players Kyocera Corporation, Saint-Gobain Ceramic Materials, Ceram Tec, CoorsTek, 3M.

According to recent market research the "Advanced Ceramics Market by Material (Alumina, Zirconia, Titanate, Silicon Carbide), Application, End-Use Industry (Electrical & Electronics, Transportation, Medical, Defense & Security, Environmental, Chemical) and Region - Global Forecast to 2028", size is projected to reach USD 15.1 billion by 2028 from USD 11.2 billion in 2023, at a CAGR of 6.1% during the forecast period. Advanced ceramics are high strength, corrosion-resistant, lightweight, and non-metallic ceramic materials, which are well-known for their high chemical purity. They play a critical role in electronics, telecommunication, manufacturing, transportation, medical, defense, and space exploration industries. The market for advanced ceramics has exhibited high growth in these end-use industries owing to the expanding demand in applications such as 5G connectivity, AI, IoT, and 3D printing technology. This rise in demand is backed by the superior properties of ceramics to withstand corrosive, high-temperature, and hazardous chemical environments.

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Silicon carbide ceramics have numerous application areas, and they are ideal for use in various sectors such as nuclear energy, space technology, automobile, marine engineering, and electrical & electronics. They are toxicologically safe and can be used in the food & beverage industry as well. They are considered the most promising material for manufacturing rocket nozzles, gas turbines, and engine components in the aerospace and automotive sectors. They are also used in the manufacturing of cutting tools, bearings, seals and pump parts, corrosion-resistant containers, and other parts & components required in power, OEM, oil & gas, and chemical industries.

Ceramic coatings possess a significantly higher level of abrasion resistance than most metals and can maintain their integrity under elevated temperatures. The type of ceramic coating, its thickness, and means of deposition depend on the final use of the components to be coated and their functional environment. Ceramic coatings are suitable for high-wear, high-temperature, and corrosion-resistant applications. Ceramic coatings are widely consumed by the aerospace, automobile, medical, and electronics industries. Growing plasma-sprayed coatings in semiconductor and LCD equipment are driving their market.

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Europe was the third-largest market for advanced ceramics. The strong industrial base in developed economies, such as the UK, Italy, France, and Germany, drives the advanced ceramics market in Europe. Germany, France, the UK, and Italy are the leading markets for advanced ceramics in Europe. The European market is at a mature stage, which is primarily because of the gradual shift of the manufacturing industry to countries with high demand and lower production cost. However, growing investments in AI, IoT, and 3D printing technologies are resulting in demand for advanced ceramics. The increasing demand for advanced ceramics from the transportation and medical industries is also among the major drivers of the market in Europe.

Kyocera Corporation (Japan), Saint-Gobain Ceramic Materials (US), Ceram Tec (US), CoorsTek (US), Morgan Advanced Materials (UK), and 3M (US) are some of the key players in the advanced ceramics market. These players have established a strong foothold in the market by adopting strategies, such as new product launches, expansions, joint ventures, and mergers & acquisitions.

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Kyocera Corporation is a multinational electronics and ceramics manufacturer based in Kyoto, Japan. The company has structured its operations into distinct business segments. These segments include core components business (Industrial & automotive components, semiconductor components), electronic components business and solutions business. The company offers advanced ceramics through its Industrial & automotive components segment. The industrial & automotive components segment is further sub-segmented into fine ceramic components, automotive components and optical components. The fine ceramic components sub-segment is involved in the production of various components using a diverse range of ceramic materials, including alumina, zirconia, and silicon nitride. Kyocera has offices in many regions around the world, including the Americas, Europe, Asia, and Oceania.

CeramTec offers advanced ceramics through medical and industrial segments. The medical segment offers ceramic components for orthopaedics, dentistry, veterinary medicine, and medical equipment. Additionally, the industrial segment focuses on the development and manufacturing of components for automotive, defense, electronics, and industrial machinery manufacturing. CeramTech's Industrial segment offers a wide portfolio of approximately 200 products and applications. This includes cutting tools, wear protection solutions, and ceramic components for the automotive industry. The company offers more than 10,000 products and components manufactured in 17 production facilities located in Europe, US, and Asia Pacific.

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