Press release
Advanced Ceramics Market Size, Share, Growth, Trends, Applications and Industry Strategies by 2029
Advanced Ceramics Market
The world of ceramics is undergoing a remarkable transformation, and the numbers speak volumes. In 2022, the global Advanced Ceramics Market was valued at a staggering USD 10.9 billion, and it's projected to soar to USD 15.56 billion by 2029, fueled by an impressive CAGR of 5.2% during the forecast period (2023-2029).
Driving Innovation in Automotive and Medical Industries:
One of the driving forces behind this market's growth is the surging demand from the automotive and medical sectors. Advanced ceramics are the unsung heroes of the automotive world, finding their niche in crucial components like battery systems, thanks to their exceptional thermal and electrical properties. In the medical field, zirconia ceramics are in the spotlight for their remarkable biological, physical, and aesthetic features, making them the top choice for implant abutments, artificial bones, and endosseous implants. As these industries continue to thrive, so will the advanced ceramics market.
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Segmentation Analysis:
by Material
1. Alumina
2. Titanate
3. Zirconate
4. Ferrite
5. Aluminum Nitride
6. Silicon Carbide
7. Silicon Nitride
Monolithic, which held the largest revenue share of over 76.1% in 2022, is anticipated to lead the market over the course of the forecast period. Because of its dependability, durability, and resilience to high temperatures, the product is crucial for use in electrical equipment and automobiles. Throughout the forecast period, Ceramic Matrix Composites (CMCs) are anticipated to grow at the fastest rate of 5.0%. These composites are made of ceramic with a ceramic matrix and reinforcement material. The combination of several materials has given them better qualities.
by Product
1. Monolithic
2. Ceramic Coatings
3. Ceramic Matrix Composites (CMCs)
Electronic gadgets had the largest revenue share in 2022-more than 47.3%-and this trend is probably going to be true for the duration of the prediction. Numerous consumer electronics, including laptops, televisions, and cellphones, use the product. Over the projection period, increasing investment in the electronics sector is probably going to help the category grow. For instance, in order to establish a joint venture and increase its output of electronics, Reliance Industries said in March 2022 that it would spend up to USD 221 million in Sanmina, a US-based company.
by Application
1. Electric Equipment
2. Catalyst Supports
3. Electronic Devices
4. Wear Parts
5. Engine Parts
6. Filters
7. Bioceramic
8. Others
by End-Use
1. Electric & Electronics
2. Automotive
3. Machinery
4. Environmental
5. Medical
6. Others
With a revenue share of more than 57.8% in 2021, the electrical and electronics category is anticipated to lead the market over the forecast period. Advanced ceramics currently possess semiconducting, superconducting, piezoelectric, and magnetic properties thanks to technical advancements. The electrical and electronics industries use them in spark plugs, capacitors, constant and variable resistors, inductors, and circuit protection devices, to name a few.
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Table of Content: Advanced Ceramics Market
Part 01: Executive Summary
Part 02: Scope of the Advanced Ceramics Market Report
Part 03: Global Advanced Ceramics Market Landscape
Part 04: Global Advanced Ceramics Market Sizing
Part 05: Global Advanced Ceramics Market Segmentation
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Players are:
1. Morgan Advanced Materials (UK)
2. International Syalons(UK)
3. 3M (US)
4. Nishimura Advanced Ceramics Co., Ltd.(US)
5. Ortech Advanced Ceramics(US)
6. COI Ceramics, Inc.(US)
7. Elan Technology(US)
8. CoorsTek Inc.(US)
9. Advanced Ceramics Manufacturing(US)
10.Saint-Gobain Ceramic Materials(US)
11. S&S Advance Ceramics(US)
12. Momentive Technologies(US)
13. STC Superior Technical Ceramics(US)
14. Technocera(India)
15. Murata Manufacturing Co., Ltd.(Japan)
16. AGC Ceramics Co., Ltd(Japan)
17. Maruwa(Japan)
18. KYOCERA Corporation(Japan)
19. Paul Rauschert GmbH & Co. Kg.(Germany)
20. CeramTec GmbH (Germany)
21. BCE Special Ceramics GmbH(Germany)
22. Bakony Technical Ceramics(Hungary)
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Key Questions Addressed in Advanced Ceramics Market Report:
1. What is the projected size of the Advanced Ceramics Market by 2029?
2. What is the anticipated growth rate of the Advanced Ceramics Market?
3. What factors are expected to fuel the growth of the Advanced Ceramics Market?
4. Which segment has dominated the growth of the Advanced Ceramics Market?
5. Which region boasts the largest share in the Advanced Ceramics Market?
Regional Insights:
This report provides region-specific insights into the Advanced Ceramics Market, covering North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Notably, the Asia Pacific region is poised to spearhead the Advanced Ceramics Market's growth due to the increasing demand for Advanced Ceramics across various applications, particularly in China, Japan, and India.
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About Maximize Market Research:
Maximize Market Research is a versatile market research and consulting company staffed with professionals from various industries. We cover a wide range of sectors, including medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automation systems. Our services include market-verified industry estimations, technical trend analysis, crucial market research, strategic guidance, competitive analysis, production and demand assessment, and client impact studies.
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