Advanced Ceramics Market Insights, Future Opportunities Forecast Till 2030

According to Precision Business Insights (PBI) latest report advanced ceramics market size was valued at USD 56,376.3 million in 2023, growing at a 5.8% CAGR during the forecast period 2024 to 2030. The advanced ceramics market is primary driven by rising automotive industry where advanced ceramics is used in engine components, sensors, and catalytic converters. Their ability to withstand high temperatures and mechanical stress enhances engine efficiency and reduces emissions. Moreover, industrialization, infrastructure development, and the rising demand for advanced technology products increase the adoption of advanced ceramics. Furthermore, the use of advanced ceramics in additive manufacturing, also known as 3D printing, is an emerging opportunity.

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THE ADVANCED CERAMICS MARKET DETAILED SEGMENTATION:
Based on the Product Type, the market is segmented into the following:
• Ceramic Coatings
• Monolithic Ceramics
• Ceramic Matrix Composites

Based on the Material Type, the market is segmented into the following:
• Titanate
• Alumina
• Zirconia
• Aluminium Nitride
• Ferrite
• Magnesium Silicate
• Silicon Nitride
• Silicon Carbide
• Cubic Boron Nitride (CBN)
• Others

Based on the Application, the market is segmented into the following:
• Electronic Devices
• Catalyst Supports
• Engine Parts
• Electrical Equipment
• Bioceramics
• Wear Parts
• Filters
• Other Applications

Based on the End Use industry, the market is segmented into the following:
• Automotive
• Electrical & Electronics
• Machinery
• Energy
• Medical
• Military
• Others

Alumina Segment is expected to dominate the Advanced Ceramics Market Based on product type, advanced ceramics market is segmented into titanate, alumina, zirconia, aluminum nitride, ferrite, magnesium silicate, silicon nitride, silicon carbide, cubic boron nitride, and others. Among these, the alumina segment is expected to hold a significant market share in the forecasting years. Alumina finds extensive use in the ceramics industry as a refractory material, owing to its high melting point and exceptional thermal shock resistance. Additionally, alumina substrates possess remarkable electrical insulation and high thermal conductivity properties. Its hardness and wear resistance make it an ideal option for grinding applications. Furthermore, alumina ceramics are widely employed in the biomedical sector due to their excellent biocompatibility. Furthermore, other ceramics material including titanate, zirconia, aluminium nitride are also widely used in applications like Aerospace, Automotive, Electronics, Medical, and other application.

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Asia-Pacific Leads Advanced Ceramics Market:
Global advanced ceramics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The Asia-Pacific advanced ceramics market is leading significantly owing to the expanding end-use sectors such as automotive, aerospace, defense, and machinery. Countries like China, India are larger consumers of advanced ceramics further due to the rising adoption of bioceramics in biomedical field. Europe is another major region for the advanced ceramics market, with countries like Germany, the UK, and France leading the way. The region's well-established automotive and electronics, medical industries drive the demand for advanced ceramics in various applications. Furthermore, supportive government policies and rising investments further contribute to the growth and development of the advanced ceramics market.

Based on Geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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STRATEGIC NEW PRODUCT LAUNCHES, MERGERS, ACQUISITIONS, AND AGREEMENTS ARE THE KEY STRATEGIES ADOPTED BY MARKET PLAYERS:
Advanced ceramics market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance,
• In May 2022, Septodont launched Bioceramic Root Canal Sealer, BioRoot Flow.
• In July 2019, Kordsa Corporation acquired US-based Axiom Materials for $ 181 million to become the only qualified oxide ceramic matrix composite manufacturer in the world.

The major key players in the advanced ceramics market are 3M, Elan Technology, AGC Ceramics Co., Ltd., Morgan Advanced Materials, CoorsTek Inc., Murata Manufacturing Co., Ltd., CeramTec GmbH, KYOCERA Corporation, Momentive Performance Materials, Inc, Ortech Advanced Ceramics, Saint-Gobain, Blasch Precision Ceramics, Corning Inc., Nishimura Advanced Ceramics Co., Ltd., McDanel.

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This release was published on openPR.