Advanced Ceramics Market Size Worth USD 14.13 Billion in 2028-Emergen Research

According to the most recent Emergen Research analysis, the global advanced ceramics market is expected to reach USD 9.91 billion in 2020, with a revenue CAGR of 4.7% during the forecast period. Rising demand for advanced ceramic for high-performance characteristics, as well as increased use of advanced ceramic in the defence industry, are major factors driving market revenue growth. Advances in nanotechnology are expected to boost market revenue growth in the coming years. The demand for lighter armour and engine parts, where lower weight of composite materials is critical, is growing rapidly. Several companies are working to develop more fuel-efficient aircraft.

Advanced ceramics are widely used in EVs, which is expected to drive market growth. For example, piezo-ceramic components function as sensors for electronic controls, transmitting data about the engine’s operation. The data is received by ceramic-based electronic components that control motor management and safety systems such as ABS, ASR, and airbag release. As a result, rising EV production is expected to boost market growth in the coming years.

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Competitive Landscape:

CeramTec GmbH, 3M Company, CoorsTek, Inc., Morgan Advanced Materials plc, Kyocera Corporation, Saint-Gobain Ceramics & Plastics, Inc., Ceradyne, Inc., Ortech, Inc., COI Ceramics, Inc., and Materion Corp.

Some Key Highlights from the Report

Zirconate segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. Zirconate is a key material because it has dielectric and ferroelectric characteristics, and increasing demand for zirconate in the electronics sector has been increasing steadily. Additionally, its capacity to withstand tensile strain as well as high electrical power makes it suitable for use in actuators, ultrasonic transducers, FRAM chips, and capacitors.

Catalyst support segment is expected to register a significantly robust revenue growth rate over the forecast period. Advanced ceramics are utilized in this application because these resist corrosion in harsh chemical conditions, help decrease particle pollution, and have excellent purity properties. These also provide advantages like perfect dimensional tolerance and virtually eliminating hot spots.

Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period due to increasing population, rapid urbanization, technical advancements, including 5G and IoT, and supportive government policies.

Emergen Research has segmented the global advanced ceramics on the basis of product, material, application, end-use, and region:

Product Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Ceramic Coatings

Monolithic

Ceramic Matrix Composites

Ceramic Filters

Others

Material Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Ferrite

Titanate

Alumina

Zirconate

Silicon Nitride

Silicon Carbide

Aluminum Nitride

Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Catalyst Support

Engine Parts

Bio Ceramics

Electrical Equipment

Wear Parts

Electronic Devices

Filters

Others

End-use Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)

Transportation

Automotive

Electrical & Electronics

Machinery

Medical

Environmental

Defense & Security

Chemical

Others

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Regional Segmentation

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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