Pune, India, May 18, 2023 (GLOBE NEWSWIRE) -- The global advanced ceramics market size is projected to reach USD 1,80,463.4 million by 2028. Fortune Business Insights™ presented this information in a new report, titled, “Advanced Ceramics Market, 2021-2028.” The report further mentions that the market stood at USD 82,972.9 million in 2020. It will exhibit a CAGR of 10.2% during the forecast period between 2021-2028.
The ongoing technological advancements and rising demand for modern consumer electronic appliances are expected to propel the need for electroceramics. Advanced ceramics is extensively used in such products because of their possession of multiple beneficial properties, such as compressive strength.
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A list of reputed advanced ceramics manufacturers operating in the global market:
- International Syalons (UK)
- KYOCERA Corporation (Japan)
- S&S Advance Ceramics (India)
- Advanced Ceramics Manufacturing (U.S.)
- Nishimura Advanced Ceramics (Japan)
- CeramTec GmbH (Germany)
- CoorsTek Inc. (U.S.)
- Saint-Gobain (U.S.)
- Morgan Advanced Materials (UK)
- Technocera (India)
- Other Key Players
Competitive Landscape-
Advanced Ceramics Manufacturing Aim to Participate in Acquisition Strategy to Compete with Their Rivals
The market houses several prominent manufacturers that are focusing on various organic and inorganic strategies to compete with their rivals. Among them, acquisition is the most significant strategy. International Syalons, for instance, is a leading producer of silicon nitride and sialon-based ceramics. It often participates in mergers and acquisitions to broaden its footprints and generate more sales.
Report Coverage-
The research report of the technical ceramics manufacturing industry offers a comprehensive analysis of existing companies that can affect the market outlook throughout the forthcoming years. In addition to that, it provides an accurate assessment by highlighting data on multiple aspects that may contain growth drivers, opportunities, trends, and hindrances. It also represents the overall market size from a global perspective by analyzing historical data and qualitative insights.
Browse Detailed Summary of Research Report with TOC:
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Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast CAGR | 10.2 % |
| 2028 Value Projection | USD 1,80,463.4 Million |
| Market Size in 2020 | USD 82,972.9 Million |
| Historical Data | 2017-2019 |
| No. of Pages | 250 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors, and Latest Trends |
| Segments Covered |
|
| Regions Covered |
|
| Advanced Ceramics Market Growth Drivers | Rising Demand for Modern Electronic Appliances to Boost Growth |
| Increasing Adoption of Electric Vehicles to Drive Advanced Ceramics Market in Europe |
Drivers & Restraints-
Rising Usage in Making Implant Abutments and Artificial Bones to Propel Growth
Advanced ceramics are gaining more importance in the medical industry. The product has excellent aesthetic, physical, and biological properties. Therefore, it is extensively utilized for making endosseous implants, artificial bones, and implant abutments. The industry is also anticipated to use zirconia ceramics. These factors are set to accelerate the advanced ceramics market growth in the forthcoming years. However, the production process of this ceramic involves high-cost spending as it includes inspection, diamond grinding, sintering, forming, and raw material processing. It may hinder growth.
Segments-
Transportation Segment Generated 21.2% Share in China in 2020: Fortune Business Insights™
Based on the material, the market is divided into alumina, zirconia, titanate, silicon carbide, silicon nitride, and others. Below is a brief note on the end-use criterion:
- By End-use: The market is categorized into electrical & electronics, transportation, medical, chemical, and others. Out of these, the transportation segment held 21.2% in terms of China's advanced ceramics market share in 2020. This growth is attributable to the rising usage of the product in aerospace engines and electric water pumps. On the other hand, the medical segment earned 18.0% in 2020 on account of the high demand for biodegradable splints and other similar products.
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Regional Insights-
Increasing Usage of Titanate in the Automotive Industry to Propel Growth in Asia Pacific
- Asia Pacific: The region held USD 30,783.0 million in terms of revenue in 2020. It is expected to remain at the forefront on account of the high demand for the product from the medical industry. Besides, the increasing usage of titanate in the automotive industry, especially in China, is set to aid growth.
- North America: The increasing shift of manufacturers towards this ceramic over plastic or other metals is anticipated to help the region remain in the second position. Additionally, the rising production of electronic devices and electrical equipment in the region would boost growth.
- Europe: The presence of a well-established automotive industry in the region is set to augment growth in the forecast period. Coupled with this, the urgent need to reduce emissions in the atmosphere would also result in the rising adoption of electric vehicles in the region.
Detailed Table of Content
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights on the Impact of COVID-19 on the Global Advanced Ceramics Market
- Supply Chain Analysis & Challenges due to COVID-19
- Steps Taken by Government / Companies to Overcome this Impact
- Potential Challenges and Opportunities due to COVID-19 Outbreak
- Global Advanced Ceramics Market Analysis, Insights, and Forecast, 2017-2028
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Material (Value and Volume)
- Alumina
- Zirconia
- Titanate
- Silicon Carbide
- Silicon Nitride
- Others
- By End-Use (Value and Volume)
- Electrical & Electronics
- Transportation
- Medical
- Chemical
- Others
- By Region (Value and Volume)
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Material (Value and Volume)
TOC Continued…!
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