Press release
Advanced Ceramic Market Key Players Analysis - Kyocera Corporation, CeramTec, CoorsTek, Saint-Gobain Ceramic Materials.
The global Advanced Ceramic Market is estimated to reach over USD 15.86 billion by 2031, exhibiting a CAGR of 5.70% during the forecast period.Advanced ceramics, also referred to as technical ceramics, offer enhanced magnetic, optical, thermal, and electrical conductivity. Their increasing utilization in electric vehicles (EVs) is expected to significantly contribute to market growth. The rising demand for lightweight materials across various industries serves as a primary driver for the adoption of advanced ceramics in the United States.
Over the forecast period, the market is projected to witness substantial growth in the production and consumption of advanced ceramic materials and components, particularly within the electrical and electronics sector. This growth is attributed to the growing need for uninterrupted connectivity, along with the expanding applications of advanced ceramics in the rapidly evolving EV and defense industries.
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Over the projection period, it is anticipated that the growing use of advanced ceramics in various applications and expansion in the medical and telecom industries will boost the market growth. Brittleness and a lack of strength are some of the obstacles this market faces as it tries to expand.
List of Prominent Players in the Advanced ceramic market:
• 3M
• Advanced Ceramics Manufacturing (U.S.)
• AGC Ceramics Co., Ltd.
• CeramTec GmbH
• CoorsTek Inc.
• Elan Technology
• International Syalons (UK)
• KYOCERA Corporation
• Morgan Advanced Materials
• Murata Manufacturing Co., Ltd.
• Nishimura Advanced Ceramics Co., Ltd.
• Ortech Advanced Ceramics
• S&S Advance Ceramics (India)
• Saint-Gobain (U.S.)
• Technocera (India)
Market Dynamics:
Drivers-
The superior performance characteristics of advanced ceramics, coupled with the rapid growth of end-use industries, offer enhanced corrosion resistance for applications in armor, automotive, and aerospace sectors. This results in reduced maintenance requirements and associated costs. Due to these properties, advanced ceramics are considered an optimal material choice across a range of industries, including military and defense, aerospace, automotive, electronics, and energy and power.
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Thermal expansion is a common limitation impacting components used in sectors such as energy and power, aerospace, defense, and automotive. Advanced ceramics exhibit significantly lower thermal expansion compared to conventional metals and alloys under similar environmental conditions. This advantageous property has contributed to their increasing adoption across various end-use industries.
Challenges:
The advanced ceramics market is confronted with several challenges that hinder its full potential. These include the high cost of production, limited awareness among end-users regarding the advantages of advanced ceramics, and a shortage of skilled labor for manufacturing and processing operations. Furthermore, the inherent brittleness of advanced ceramics and the complexity involved in shaping them present obstacles for certain applications. The market also faces competition from alternative materials and experiences slow adoption across some industrial sectors, further restraining growth.
Regional Trends:
The Asia Pacific region is anticipated to command a significant share of the global advanced ceramics market revenue and is projected to register robust growth over the forecast period. This dominance is attributed to the rising demand for advanced ceramics across key industries such as electronics, healthcare, and automotive. The presence of a large number of manufacturers and suppliers in the region enhances market accessibility and competitiveness. Moreover, supportive government policies and increased investments in research and development initiatives have played a crucial role in accelerating the growth of the advanced ceramics market in Asia Pacific.
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Recent Developments:
• In February 2021, Coorstek made public the location of a new manufacturing facility there.
• In March 2019, with a USD 20 million investment, CeramTec North America announced the development of its Laurens Country business.
Segmentation of Advanced Ceramic Market-
Advanced Ceramic Market By Material
• Alumina Ceramics
• Titanate Ceramics
• Zirconia Ceramics
• Silicon Carbide Ceramics
• Others
Advanced Ceramic Market By Application-
• Monolithic Ceramics
• Ceramic Coatings
• Cermic Matrix Composites
• Ceramic Filters
• Others
Advanced Ceramic Market By End Use Industry-
• Electrical & Electronics
• Transportation
• Medical
• Defense & Security
• Environmental
• Chemical
• Others
Advanced Ceramic Market By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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