The advanced ceramics market is projected to grow at a CAGR of 8.79% to reach US$114.248 billion by 2026, from US$63.347 billion in 2019.
Advanced ceramics are produced using superior quality refined and purified powders. These powders are synthetically produced using high temperature or chemical reactions. Advanced ceramics often lead to products that are very strong and durable. They have very high resistance and can withstand high temperatures. They generally result in improve operation and reduced costs.
advanced ceramics market, US$ billion, 2019 to 2026
Source: Knowledge Sourcing Intelligence Analysis
A major reason for the growth of this market is the superior resistance benefit offered by Advanced Ceramics.
Advanced ceramics have superior resistance to corrosion when compared to materials like aluminum and steel. This often leads to a decline in maintenance and cost, thereby helps in achieving efficiency. In many industries including aircraft, energy and power, defense, military, and automotive components thermal expansion leads to common defects, resulting in breakage of various components. Thermal expansion due to advanced ceramics is relatively much lesser. These factors are expected to drive the growth of advanced ceramics in the global market.
The rise in demand for various portable electronic devices is expected to drive the demand for this market in the forecast period.
The demand for cellular phones, laptops, gaming systems, and other electronic devices is increasing rapidly. Due to the outbreak of coronavirus, most of the workers are experiencing Work from Home. The pandemic has also changed the education system forever. The COVID-19 widespread has led to school closures and introduced the norm of online classes. This has further pulled the demand for various electronic devices and that of advanced ceramics containing electronic components.
The growth in the automotive industry is anticipated to fuel the growth of this market.
The automotive industry has developed substantially with the growing technological advances. Ceramics are widely used in the automotive industry. They are used for driving performance, gas purification, and improving fuel efficiency. Many advanced ceramics components including knock sensors, oxygen sensors, exhaust gas catalysts, and silicon nitride are incorporated into automotive engines. This is further expected to fuel the market demand.
The rising environmental awareness is also projected to positively impact the sales of advanced ceramics.
Rising environmental awareness is expected to drive the growth of advanced ceramics in the global market. Advanced ceramics holds several characteristics that are environmentally friendly. It is widely used in Photovoltaic (PV), and other engine systems of power plants due to its ability to face high temperatures. Moreover, the companies are gradually shifting towards renewable energies and working towards sustainability. This will further push the demand for advanced ceramics.
The rising need for lightweight defense and aircraft products is also projected to positively impact the sales of advanced ceramics.
The demand for lightweight engines and armors has increased significantly. Many countries are striving for developing fuel-efficient aircraft. The companies are focusing on replacing conventional alloys and metals with advanced ceramics. Moreover, the defense industry is also focusing on manufacturing lightweight and tough armors. This often ensures comfort and safety to the wearers. This would further increase the demand for advanced ceramics globally.
Asia Pacific region is expected to hold the largest share in the market with the largest consumption from China and Japan. With rapid urbanization, Japan's electrical and electronic industry has become the leading industry across the globe. Both Japan and China are leaders in producing devices such as cameras, cellular phones, laptops, etc. The countries are also making huge investments in this sector. These trends are anticipated to bolster the growth of the advanced ceramic market in the region.
The COVID-19 pandemic has hampered the demand for products in the majority of the industries. The pharmaceutical industry has witnessed an upward trend during the pandemic. The contribution of ceramics as a carrier that transports blood probes due to its biocompatibility is very significant. Many companies are expanding their testing capabilities. This will lead to an increase in the demand for ceramics in the pandemic. On the other hand, almost all the industries are going through a downward trend. Hence, the global advanced ceramics market is projected to witness sluggish growth.
|Market size value in 2019||US$63.347 billion|
|Market size value in 2026||US$114.248 billion|
|Growth Rate||CAGR of 8.79% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Material, Type, End-User, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Advanced Ceramic Manufacturing, LLC., CeramTec, Elan Technology, Oerlikon Surface Solutions, Morgan Advanced Materials, CoorsTek, Inc, Kyocera Industrial Ceramics Corporation, Saint-Gobain Ceramics & Plastics, Inc., Rauschert Steinbach GmbH, Morimura Group|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the advanced ceramics market size by 2026?
A1. The advanced ceramics market is projected to reach a market size of US$114.248 billion by 2026.
Q2. What are the growth prospects for the advanced ceramics market?
A2. The global advanced ceramics market is projected to grow at a CAGR of 8.79% over the forecast period.
Q3. What is the size of the global advanced ceramics market?
A3. Advanced Ceramics Market was valued at US$63.347 billion in 2019.
Q4. What factors are anticipated to drive the advanced ceramics market growth?
A4. A major reason for the growth of the advanced ceramics market is the superior resistance benefit offered by Advanced Ceramics.
Q5. Which region holds the maximum market share of the advanced ceramics market?
A5. Asia Pacific region is expected to hold the largest share in the advanced ceramics market with the largest consumption from China and Japan.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Advanced Ceramics Market Analysis, By Material
6. Global Advanced Ceramics Market Analysis, By Type
6.3. Matrix Composites
6.4. Ceramic Coatings
7. Global Advanced Ceramics Market Analysis, By End-User Industry
8. Global Advanced Ceramics Market Analysis, By Geography
8.2. North America
8.2.1. United States
8.3. South America
8.4.1. United Kingdom
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
9. Competitive Intelligence
9.1. Competitive Benchmarking and Analysis
9.2. Recent Investment and Deals
9.3. Strategies of Key Players
10. Company Profiles
10.1. Advanced Ceramic Manufacturing, LLC.
10.3. Elan Technology
10.4. Oerlikon Surface Solutions
10.5. Morgan Advanced Materials
10.6. CoorsTek, Inc.
10.7. Kyocera Industrial Ceramics Corporation
10.8. Saint-Gobain Ceramics & Plastics, Inc.
10.9. Rauschert Steinbach GmbH
10.10. Morimura Group
Advanced Ceramic Manufacturing, LLC.
Oerlikon Surface Solutions
Morgan Advanced Materials
Kyocera Industrial Ceramics Corporation
Saint-Gobain Ceramics & Plastics, Inc.
Rauschert Steinbach GmbH
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