Advanced Ceramics Market To Reach USD 144.44 Billion by Year 2030

Advanced Ceramics Market

Market Overview:

The Global Advanced Ceramics Market size is expected to grow from USD 85.85 billion in 2022 to USD 144.44 billion by 2030, at a CAGR of 6.72 % during the forecast period (2023-2030).

Advanced ceramics, substances, and methods applied in the development and production of ceramic materials that exhibit special properties.  According to the Versailles Project on Advanced Materials and Standards (VAMAS), advanced ceramics is an inorganic, nonmetallic (ceramic), basically crystalline material of strictly managed composition and produced with detailed regulation from highly refined and characterized raw materials giving precisely specified attributes. Advanced ceramics are inorganic and non-metallic solids that have many various properties. In addition, it has several factors such as strength and corrosion resistance, low coefficient of thermal expansion, high heat stability, and are lightweight compared to their traditional counterparts. These highly versatile properties make ceramics a preferred choice in different sectors. In advanced and emerging countries, ceramics are growingly being accepted by different sectors, such as electrical and electronics, transportation, chemicals, and defense and security.

Top Key Players for Advanced Ceramics Market:

3M, CeramTec GmbH, Elan Technology, Oerlikon Surface Solutions AG, Ortech Inc., Morgan Advanced Materials PLC, CoorsTe Inc., Kyocera Industrial Ceramics Corp., Murata Manufacturing Co. Ltd., Saint-Gobain and Others major players.

Market Dynamics and Factors for Advanced Ceramics Market:

Drivers:

Increase in use as an alternative to metals and plastics

Advanced ceramics have special characteristics such as heat resistance, chemical inertness, good electrical properties, and suitability for use in mass products make them a better substitute to metals and plastics Advanced ceramics support enhance material properties and characteristics, such as high hardness, high wear resistance, high compressive strength, and large electrical resistance, and strong corrosion resistance. Some ceramics, such as silicon carbide manufactured by CVD, provide additional advantages by allowing for relatively high thermal conductivity as well as some electrical conductivity.

Opportunities:

Growing demand in the medical industry

Advanced ceramics are characterlike strong, resistant to heat, and compatible with the environment inside the human body without being subject to corrosion, in contrast to most metals and polymers, their usage in the medical sector has been significantly increasing. Moreover, these advanced ceramics are lighter than most metals suitable for medical applications and can resist a combination of extreme conditions for a long duration. In the medical industry, advanced ceramics find application in insulators for endoscopy devices, cases for neurostimulators, feedthrough insulators, precision ceramic components, and dental implants. Advanced ceramics are applied in other types of equipment such as medical devices and equipment, such as ultrasonic tools, infusion pumps, dialysis machines, and diagnostic equipment.

Segmentation Analysis of the Advanced Ceramics Market:

By Material Type, Alumina accounted for the largest market share and is projected to maintain during the forecast period. This type of material possesses good characteristics, which make it applicable to wear, structural, and corrosive environments. These are highly utilized in semiconductor equipment, wafer transfer parts, and heat-resistant & electrical insulation parts.

By Class Type, monolithic ceramic is projected to account for the highest share and dominate the market over the forecast period owing to its high-temperature resistance and toughness characteristics.

Regional Analysis of the Advanced Ceramics Market:

Asia Pacific region accounted for the largest market over the forecast period. Owing to growing investments in the production sector of developing nations, such as China, Japan, India, and Southeast Asian countries. In the Asia Pacific region electronic industry has anticipated rapid growth due to leading key players focusing on establishing their plants in these nations on account of the easy availability of low-cost raw materials and labor.

Key Industry Development:

In March 2021, Ceram Tec announced the advanced piezoceramics for the assembly of ultrasonic sensors and transducers. With this advancement, the company is successful in providing all services for specified high-power Langevin transducers with a full-service offer, including the design, development, and production of transducers for various medical uses.

In December 2020, Kyocera started the new unit of R&D in January 2021 at the Kokubu campus area in the city of Kirishima, Kagoshima, Japan. Kyocera has selected a location contract with the mayor of Kirishima City for the new R&D center, which will target developments in the fields of information and communications, environmental preservation, and smart energy.

For this report, Introspective Market Research has segmented the Dog Food Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

  • US
  • Canada
  • Mexico

Eastern Europe

  • Bulgaria
  • The Czech Republic
  • Hungary
  • Poland
  • Romania
  • Rest of Eastern Europe

Western Europe

  • Germany
  • UK
  • France
  • Netherlands
  • Italy
  • Russia
  • Spain
  • Rest of Western Europe

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Thailand
  • Vietnam
  • The Philippines
  • Australia
  • New Zealand
  • Rest of APAC

Middle East & Africa

  • Turkey
  • Bahrain
  • Kuwait
  • Saudi Arabia
  • Qatar
  • UAE
  • Israel
  • South Africa

South America

  • Brazil
  • Argentina
  • Rest of SA

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Posted by  Saurabh Bawage

Saurabh Bawage is a skilled Research Analyst specializing in market forecasting, trend analysis, and data-driven insights across Healthcare, Pharmaceuticals, Agrochemicals, Food Tech, Consumer Goods, Automotive, and Construction. He excels in competitive analysis, forecasting, and strategic research to drive business growth.