Press release
Advanced Ceramics MarketApplication, Growth, Size, Opportunities, Top Companies, Share, Trends, Key Segments, Regional Insights, and Forecast to 2028
Browse 208 market data Tables and 42 Figures spread through 234 Pages and in-depth TOC on "Advanced Ceramics Market"
The global advanced ceramics market [https://www.marketsandmarkets.com/Market-Reports/advanced-ceramic-market-78409610.html] size is estimated to be USD 11.2 billion in 2023 and is projected to reach USD 15.1 billion, at a CAGR of 6.1% during the forecast period. The market growth is driven by the growing demand for these ceramics in medical and electronics industries and the suitability of advanced ceramics in a wide range of industrial applications. However, its higher costs than other metals & alloys and high customization requirement for end-use applications may restrain the market growth.
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CeramTec (US), Kyocera Corporation (Japan), CoorsTek (US), Morgan Advanced Materials (UK), Saint-Gobain Ceramic Materials (US), and 3M (US) are some of the established players in the advanced ceramics [https://www.marketsandmarkets.com/Market-Reports/advanced-ceramic-market-78409610.html] market. Growing demand for advanced ceramics and the increasing demand for electronics in the emerging economies, such as China & India, are driving the market. These players have adopted various strategies such as mergers & acquisitions, new product launches, and investment & expansion to strengthen their market position.
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.
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CeramTec offers advanced ceramics through medical and industrial segments. The medical segment offers ceramic components for orthopedics, 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.
Morgan Advanced Materials is a global engineering company that specializes in manufacturing specialist products using carbon, advanced ceramics, and composites. The company's products are utilized in various industries such as metal processing, petrochemicals, cement, ceramics, and glass, where they play a crucial role in high-temperature industrial processes. The company operates through two business segments: Thermal products and Carbon and Technical Ceramics. Thermal products further sub segmented into Thermal Ceramics and Molten Metal Systems. Carbon and Technical Ceramics is segmented into Electrical Carbon, Seals & Bearings and Technical Ceramics. The company offers advanced ceramics through its carbon and technical ceramics business segment.
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Saint-Gobain Performance Ceramics & Refractories is a leading company in the design, development, and production of engineered ceramics and refractory products for various industries. It offers products under two product categories: engineered ceramics solutions and refractory solutions. Advanced ceramics are offered under the engineered ceramic solutions product category. The portfolio for advanced ceramics manufactured by the company includes silicon carbide, aluminum oxide, silicon nitride, and chromium oxide used in a wide range of end-use industries. Saint-Gobain Performance Ceramics & Refractories offers a wide range of ceramic products for various industries, including composite armor systems, abrasives and grinding media, diesel particle filters and gas particle filters. The company operates through 11 industrial sites in Europe, Asia Pacific, North America, and the Middle East & Africa.
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