Global Advanced Ceramic Market was valued US$ 72.4 Bn in 2017 and expected to reach US$ $ 140.6 Bn by 2026, at CAGR of 8.65 % during forecast period.
Advanced ceramics exhibit exceptional properties like hardness, physical stability, extreme heat resistance, chemical inertness, biocompatibility, superior electrical properties, and their suitability. Due to these unique properties that have opened the new development opportunities for manufacturers in a wide range of industries. Advanced ceramics provide the perfect solution and a cost-effective, high-performance alternative to traditional materials such as metals, plastics, and glass.
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Advanced ceramics are used in various applications in industries such as electronics and electricals, transportation, medical, industrial, defense and security, chemicals, marine, textile, and construction. The electronics and electricals industry dominated the segment. This dominance is attributed to the excellent corrosion resistance and low thermal expansion when compared to metal and plastics.
Alumina ceramics holds the largest share in the product segment of the market. These kind of ceramics have wide usage in electrical applications. Alumina, titanium oxides are commonly used as coating materials in the advanced ceramics market. The use of ceramics in this applications is likely to increase due to the emergence of newer ceramic coating techniques such as titanium, among medical component manufacturers. Over the past few years, the manufactures in the market have shifted towards advanced glass-ceramic coatings based on silicon dioxide.
Monolithic ceramics are the major product type of advanced ceramics market worldwide. The demand for advance ceramic from the medical industry is continuously increasing due to the formerâ€™s wear resistance and biocompatibility properties that make them suitable for use in artificial bones, biodegradable splints, and implant materials.
Key factors driving the advanced ceramics market include eco-friendly properties of these materials and rise in usage of advanced ceramics to replace conventional metals. Demand for advanced ceramics is expected to increase due to the rise in the demand for ceramics in the medical industry. This is encouraging companies to expand the production of advanced ceramics. Additionally, the easy availability of raw materials is anticipated to boost the demand for advanced ceramics in the near future.
The advanced ceramics market in Asia-Pacific is expected to grow during the forecast period due to the increasing use of advanced ceramics in industries in emerging economies of the region such as China and India. Asia-Pacific is the largest market for advanced ceramics. It is estimated that India will be the fastest-growing market for advanced ceramics in the region, owing to the growing population of the country, favourable investment policies, and government initiatives to promote industrial growth.
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Scope of Global Advanced Ceramic Market:
Global Advanced Ceramic Market, by Material
Silicon carbide ceramics
Global Advanced Ceramic Market, by Product
Ceramic Matrix Composites
Global Advanced Ceramic market, by Application
Electrical & Electronics
Defense & Security
Global Advanced Ceramic market, by Region
Middle East & Africa
Key Players analysed in the Report:
Saint-Gobain Ceramic & Plastics Inc.
Morgan Advanced Materials Plc.
Murata Manufacturing Co. Ltd.
Applied Ceramics Inc.
COI Ceramics Inc.
International Ceramic Engineering
McDanel Advanced Ceramic Techno
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