Technical Ceramics Market Size 2024 - Current Sales Analysis, Upcoming Trends, Opportunities, Development History, and Future Forecast

The Technical Ceramics market is driven by the demand for high-performance materials in industries like electronics, automotive, and aerospace. Known for their durability, heat resistance, and electrical insulation properties, technical ceramics are essential in manufacturing components for high-stress environments.
The technical ceramics market size [https://www.marketsandmarkets.com/Market-Reports/technical-ceramics-market-139808305.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=technicalceramics] is projected to grow from USD 12.2 billion in 2024 to USD 17.5 billion by 2029, registering a CAGR of 7.4% during the forecast period. The demand for technical ceramics is driven by factors such as advancements in digital technologies and 3D printing techniques. The expansion these ceramics is further supported by the medical industry due to its bioinert, strength, toughness, and low wear properties.

The aforementioned reasons are anticipated to contribute to the technical ceramics market continued growth in the upcoming years. In order to keep up with the increasing demand, the major competitors in the market are concentrating on growth and acquisitions. In order to secure steady growth and fortify their positions in the market, they have implemented these techniques. They are able to effectively address the increasing demand for application and end-use industries thanks to these techniques. Also, companies operating in this market, such as Coorstek Inc. (US), Kyocera Corporation (Japan), CeramTec (Germany), Morgan Advanced Ceramics (UK), Saint-Gobain Performance Ceramics & Refractories (France), 3M (US), Niterra Co., Ltd. (Japan), AGC Ceramics (Japan) Paul Rauschert GmbH & Co. KG. (Germany), Elan Technology (US), Oerlikon (Switzerland) among others adopt mergers & acquisitions, product launches and investment & expansions, to increase their market shares and expand their geographic presence.

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CoorsTek Inc. is engaged in the manufacturing of technical ceramics, semiconductor tooling, plastic tubing, and medical devices among other industrial products. It is one of the largest manufacturers of technical ceramics and has two subsidiaries: DEW Engineering & Development and Outlast Technologies. The company develops and manufactures a variety of advanced ceramics that can withstand extremely harsh environments and offer outstanding performance. It is working on improving its current technologies and providing critical components, assemblies, and engineered solutions to major industries worldwide. The company mainly serves the aerospace & defense, semiconductor, oil & gas, automotive, chemicals, and household durables industries, as well as heavy industries such as rail, energy, and mining. The company has developed more than 400 engineered ceramic materials for different end-use industries. It has emphasized the development of customized solutions that satisfy specific end-use requirements. The company has a presence in North America, Europe, and Asia Pacific

CeramTec offers technical 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. CeramTec is now jointly owned by CPP Investments and BC Partners Fund XI, each hold a 50% stake in the company. The company offers more than 10,000 products, parts and components made of technical ceramics as well as a variety of ceramic materials manufactured in 16 production facilities located in Europe, US, and Asia Pacific.

Kyocera Corporation is primarily engaged in the design, development, production, and sale of advanced materials, components, devices, equipment, networks, and services. Company is a leading manufacturer of fine ceramics. The company's operating segments are product-based and include Industrial & automotive components, semiconductor components, electronic devices, communications, document solutions, and life & environment. The company has 3 wide business segments catering to different needs of various industries. The business segments are Core Component business, Electronic Components Business and Solutions Business. Core component business is further sub-segmented into industrial & automotive components unit, semiconductor components unit and others. The company offers technical ceramics through its core component business segment. It has a presence in Asia-Pacific, Europe, Africa and North America. The company operates through its 293 group companies.

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Morgan Advanced Materials is specialized in manufacturing ceramics, molten metal systems, technical ceramics, electrical carbons, and seals & bearings. It operates through three business divisions - thermal products, performance carbon and technical ceramics. The company offers technical ceramics through its carbon and technical ceramics business segment. It supplies customer-specific and application-engineered industrial products manufactured using advanced materials such as structural ceramic, electro ceramic, and precious metals. The company offers ceramic and ceramic components for aerospace, automotive, semiconductor, and power industries. It operates through 18 manufacturing sites for technical ceramics, which are supported by a closely woven sales network across the globe in regions such as North America, South America, Asia Pacific, Europe and Middle East & Africa.

Saint-Gobain Performance Ceramics & Refractories is a division of Saint-Gobain Ceramics. The company manufactures technical ceramics and refractory products for extreme operating conditions and high-temperature applications. It offers products under two product categories: engineered ceramics solutions and refractory solutions. Technical ceramics are offered under the engineered ceramic solutions product category. The portfolio of technical ceramics manufactured by the company includes silicon carbide, alumina, silicon nitride, and chromium oxide used in a wide range of end-use industries. These ceramics are used to manufacture unfinished machine blanks, finished components, and complex-machined parts. The company operates through 11 industrial sites in Europe, Asia Pacific, North America, and the Middle East & Africa.

Non-oxide ceramics, by material, is expected to be the second largest segment during the forecast period.

Non-oxide ceramic materials have very good thermal conductivity, excellent thermal shock and corrosion resistance, making it suitable for use in power electronics, aeronautical systems, railways, opto-electronics, semiconductor processing, microwave, and military applications. Currently, high-quality technical grade ceramics with superior mechanical properties are available for use in abrasives, refractories, ceramics, and many high-performance applications. These materials can also function as an electrical conductor and has applications in resistance heating, flame igniters, and electronic components. Structural and wear applications are constantly developing and will come into operation in the near future.

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Automotive industry is anticipated to be the second largest-growing segment, by end-use industry, during the forecast period.

In the automotive industry, technical ceramics are used in heat shield, break disks, and exhaust heat management systems. The use of lightweight technical ceramics enables weight saving in vehicles, which results in improvement in comfort and drivability. The automotive industry uses technical ceramics owing to their superior dimensional stability, strength, stiffness, and chemical resistance in a wide range of temperatures.

South America is expected to be the second fastest-growing region in the global technical ceramics market, by region, during the forecast period.

South America is one of the emerging markets globally and provides significant opportunities for technical ceramics manufacturers. This region includes the countries such as Brazil, Argentina, and rest of South America. The market in this region is estimated to grow at a high CAGR during the forecast period. This growth will be mainly observed in the building & construction industry. Steady recovery in the South American economy is expected to drive the technical ceramics market owing to the growing electronics & semiconductor, automotive, and medical industries during the forecast period.

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