Advanced Ceramics Market to Top US$ 120 Bn as Applications Grows in Transportation Sector
A recent study by Fact.MR on the advanced ceramics market offers a 10-year forecast. The study analyzes crucial trends that are currently determining the growth of the advanced ceramics market. This report explicates vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders.
NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: Sales of global advanced ceramics market are expected to increase at over 7% CAGR between 2021 and 2031, estimates Fact.MR. Growth in the market is primarily driven by increasing demand for alumina ceramics across diverse end-use sectors such as transportation, electrical & electronics, and others.
Advanced ceramics have eco-friendly qualities and are also considered as high-performance ceramics. They are also increasingly being replaced by traditional metals in transportation, chemical, environmental, and other sectors.
Hence, increasing use of silicon carbide ceramics (SiC) and gallium nitride in wind turbines, pollution control applications, and photovoltaic modules will boost the advanced ceramics market.
Fact.MR estimates, alumina ceramics are expected to hold significant share in the global advanced ceramics market. As alumina ceramics have exceptional qualities which makes them suitable for even structural and corrosive conditions.
Also, with alumina ceramics possessing heat conductivity 20x higher than other oxides, it is extensively used for oxidizing in electrical & electronics and semi-conductor industries. As per the study, the alumina ceramics segment is expected to increase by 2.3X over the forecast period.
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In terms of coatings, ceramics coatings segment is expected to hold mammoth's share in the global advanced ceramics market. Growth in the segment is driven by increasing applications in transportation industry and growing sales of ceramic coatings across India, China, and the U.S.
"Growing sustainability concerns across several end-use industries such as industrial, transportation, and others is pushing the consumption of advanced ceramics. In order to capitalize on growing demand, key manufacturers are developing innovative technologies with the integration of artificial intelligence to increase their revenues. This is expected to bode well for the growth in the market," says a Fact.MR analyst.
Sales of advanced ceramics in the U.S. are expected to increase by 1.4X by the end of 2031
Increasing demand for advanced ceramics across building and infrastructure sectors in China are expected to fuel the sales
Germany advanced ceramics market is poised to expand at around 4% CAGR between 2021 and 2031
In terms of class, sales of ceramic matrix composites are projected to surge at over 5% CAGR over the assessment period
Regionally, Asia Pacific excluding Japan is expected to emerge as the most remunerative region in the global advanced ceramics market, increasing by 1.2x through 2031
Leading players operating in the global advanced ceramics market are introducing new products and improving their production capacities to expand their product portfolio. They are also focusing on research and development activities to create innovative technologies for unique applications.
In August 2021, XJet Ltd., a global provider of ground-breaking metal and ceramic additive manufacturing technologies and solutions, announced the availability of alumina technical ceramic adding to its portfolio of additive manufacturing materials.
In January 2021, Kyocera announced the launch of its new research and development centre for activities such as development of laminated ceramic capacitors, ceramic packages for electronic devices in Japan. The company aims to focus on innovations in the fields of information and communications, environmental preservation, and smart energy.
Key Players in the Advanced Ceramics Market Include:
Applied Ceramics Inc.
Blasch Precision Ceramics, Inc.
H.C. Starck GmbH
International Ceramic Engineering (ICE)
Morgan Advanced Materials PLC
Murata Manufacturing Co Ltd.
Saint-Gobain Advanced Ceramics LLC
Small Precision Tools Inc.
More Valuable Insights on Advanced Ceramics Market
Fact.MR provides an unbiased analysis of the advanced ceramics market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global advanced ceramics with a detailed segmentation on the basis of:
Silicon Carbide Ceramics
Silicon Nitride Ceramics
Magnesium Silicate Ceramics
Pyrolytic Boron Nitride Ceramics
Aluminium Nitride Ceramics
Ceramic Matrix Composites
Electrical & Electronics Sector
Defence & Security Sector
Middle East Africa
Key Questions Covered in Advanced Ceramics Market Report
The report offers insight into the advanced ceramics market demand outlook for 2021-2031.
The market study also highlights projected sales growth for advanced ceramics market between 2021 and 2031.
Advanced ceramics market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
Advanced ceramics market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.
Explore Fact.MR's Coverage on the Chemical & Materials Domain –
Ceramics Market Scope- Ceramics are widely utilized in the construction business, which is rapidly expanding around the world, particularly in developing countries. Growing economies, urbanization, per capita income and spending, GDP growth, and population increase are all driving up demand for building in the housing and commercial sectors. Ceramics continue to be highly appreciated in the semiconductor industry as packaging materials, substrates, and other support services due to the outstanding safety and reliability they provide.
Dielectric Ceramics Market Insights- The extensive use of dielectric ceramics in the wireless communication industry is a major driver of market expansion. In recent years, the wireless communication business has expanded. Cell phones, facsimile (FAX), military radar systems, satellites, intelligent transport systems (ITS), and direct broadcast satellites are all examples of dielectric ceramics applications in the wireless communication business. Furthermore, the increasing use of dielectric ceramics in the production of electronic components is propelling the market forward.
Electroceramics Market Forecast- Individuals and organisations alike are increasing their investments in advanced data storage equipment, such as supercomputers, servers, cellphones, and other electronic gadgets, as the global electronics revolution gathers steam. As a result, semiconductor output for these devices has expanded dramatically. As a result, prominent electroceramics producers are gaining traction, producing ceramics produced from a variety of high-grade ingredients such as magnesia, alumina, and zirconia. Automotive semiconductors, in particular for electric vehicles, have a lot of promise.
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