Advanced Ceramics Market to Be Worth $37.9 Billion by 2031-Exclusive Report by Meticulous Research®

According to a new market research report titled, 'Advanced Ceramics Market by Material (Alumina, Zirconia, Silicon Carbide), Product (Ceramic Coatings, Ceramic Matrix Composites), Application, End-use Industry (Electronics & Semiconductors, Manufacturing, Healthcare), and Geography-Forecast to 2031,' the global advanced ceramics market is projected to reach $37.9 billion by 2031, at a CAGR of 4.4% from 2024-2031.

Advanced ceramics are a group of high-performance materials that possess exceptional hardness, high-temperature strengths, low thermal conductivity, and low thermal coefficient of expansion. These properties serve the needs of many engineering functions. They are used in load-bearing structures, wear-resistant parts, electronic components, high-temperature sensors, biomedical devices, catalyst supports, and other components.

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The growth of this market is attributed to the increasing adoption of advanced ceramics in the healthcare sector and the rising demand for advanced ceramics in the defense sector. However, the high production cost of advanced ceramics may restrain the growth of this market.

Furthermore, the increasing use of nanotechnology and the growing adoption of advanced ceramics in the automotive sector are expected to offer growth opportunities for the players operating in this market. However, the brittle nature of advanced ceramics is a challenge impacting the growth of the advanced ceramics market. Additionally, the growing adoption of advanced ceramic components for E-Mobility is a prominent trend in this market.

The global advanced ceramics market is segmented by material (alumina, zirconia, silicon carbide, silicon nitride, titanate, and other materials), product (monolithic ceramics, ceramic coatings, ceramic matrix composites, and other products), applications (heating, wear parts, electrical equipment, and other applications), end-use industry (automotive, electronics & semiconductors, manufacturing, energy & utilities, healthcare, chemical, and other end-use industries). and geography. The study also evaluates industry competitors and analyzes the market at the country and regional levels.

Based on material, the global advanced ceramics market is segmented into alumina, zirconia, silicon carbide, silicon nitride, titanate, and other materials. In 2024, the alumina segment is expected to account for the largest share of 35.0% of the global advanced ceramics market.

However, the titanate segment is expected to grow at the highest CAGR during the forecast period of 2024-2031. The growing adoption of titanate-based materials in antennas and resonators, increasing investment in wireless communication, and increasing use of titanate-based ceramics materials in medical devices are expected to support the growth of this segment.

Based on product, the global advanced ceramics market is segmented into monolithic ceramics, ceramic coatings, ceramic matrix composites, and other products. In 2024, the monolithic ceramics segment is expected to account for the largest share of 70.0% of the global advanced ceramics market.

However, the ceramic matrix composites segment is expected to grow at the highest CAGR during the forecast period of 2024-2031. The rising adoption of ceramic matrix composites in aerospace, gas turbines, and other high-temperature environments and the rising need for ceramic matrix composites in harsh chemical environments are expected to support the growth of this segment. In addition, the benefits offered by the ceramic matrix composites segment, such as high-temperature performance, corrosion and wear resistance, lightweight, high strength, and excellent thermal shock resistance, are expected to contribute to this segment's growth.

Based on application, the global advanced ceramics market is segmented into heating, wear parts, electrical equipment, and other applications. In 2024, the electrical equipment segment is expected to account for the largest share of 48.0% of the global advanced ceramics market. The segment's large share is attributed to the rising investments in the electronics sector, the growing demand for electroceramics, and the increasing need for high-performance and cost-effective electronic equipment. Also, this segment is projected to record a higher CAGR during the forecast period of 2024-2031.

Based on end-use Industry, the global advanced ceramics market is segmented into automotive, electronics & semiconductors, manufacturing, energy & utilities, healthcare, chemical, and other end-use industries. In 2024, the electronics & semiconductors segment is expected to account for the largest share of 55.0% of the global advanced ceramics market.

However, the healthcare segment is expected to register the highest CAGR during the forecast period of 2024-2031. The rising adoption of advanced ceramics in implantable medical devices, diagnostic imaging equipment, therapeutic medical devices, and consumable medical devices, increasing use of ceramics coatings, and rising sales of high-performance ceramics are expected to support the growth of this segment.
Based on geography, the global advanced ceramics market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, North America is expected to account for the largest share of 33.0% of the global advanced ceramics market.

However, the Asia-Pacific region is projected to register the highest CAGR of 6.0% during the forecast period. This region's rapid growth is mainly driven by the rising adoption of advanced ceramics in various end-use industries, ongoing R&D activities focused on enhancing ceramic properties and manufacturing processes, and market players' efforts to launch advanced ceramics materials. For instance, in February 2021, CoorsTek, Inc. (U.S.) announced the expansion of its manufacturing footprint in Southeast Asia.

The key players operating in the global advanced ceramics market are KYOCERA Corporation (Japan), CeramTec GmbH (Germany), CoorsTek, Inc. (U.S.), Morgan Advanced Materials plc (U.K.), AGC Inc. (Japan), Elan Technology (U.S.), 3M Company (U.S.), MARUWA CO., LTD. (Japan), Ortech Inc. (U.S.), Saint Gobain Ceramic Material (U.S.), Advanced Ceramic Materials (U.S.), McDanel Advanced Material Technologies (U.S.), BCE Special Ceramics GmbH (Germany), STC Material Solutions (U.S.), and Technocera Industries (India).

To gain more insights into the market with a detailed table of content and figures : https://www.meticulousresearch.com/product/advanced-ceramics-market-5873

Scope of the Report:
Global Advanced Ceramics Market Assessment-by Material
• Alumina
• Zirconia
• Silicon Carbide
• Silicon Nitride
• Titanate
• Other Materials
Global Advanced Ceramics Market Assessment-by Product
• Monolithic Ceramics
• Ceramic Coatings
• Ceramic Matrix Composites
• Other Products
Global Advanced Ceramics Market Assessment-by Application
• Heating
• Wear Parts
• Electrical Equipment
• Other Applications
Global Advanced Ceramics Market Assessment-By End-Use Industry
• Automotive
• Electronics & Semiconductors
• Manufacturing
• Energy & Utilities
• Healthcare
• Chemical
• Other End-use Industry
Global Advanced Ceramics Market Assessment-by Geography
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o France
o Spain
o Italy
o Poland
o Switzerland
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Singapore
o South Korea
o Australia & New Zealand
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o Saudi Arabia
o UAE
o Rest of the Middle East & Africa

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