The global advanced ceramics market is projected to grow at a CAGR of 6.7% over the forecast period (2020-2026). Advanced ceramics provide superior performance that cannot be altered easily by other materials. Advanced ceramics play a vital role in a variety of applications including transport, communication and information technology, energy, and many others. The key factors that influence the growth of the market include the unique properties that it possesses such as high refractoriness and hardness, low density, low coefficient of thermal expansion (CTE), and higher working temperatures among others. The advanced ceramics are also highly being used in a variety of healthcare applications and as an alternative to various metals and plastics.
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Moreover, the market is also driven by the strong demand for advanced materials from the electrical and electronics sector. The electrical and electronic industry strongly depends on the characteristics of high performance electrical composite materials. Unlike parts made from plastic that can carbonize or melt during exposure to electrical arcing or monitoring, the advanced ceramics suffer minimal impact from these common conditions of electrical equipment. The unique properties of the advanced ceramics make the materials perfectly suitable to the severities of use in the electrical industry. Further, these are also highly utilized for industrial purposes. The several properties of advanced ceramics are a prime factor that has increased its adoption rate across the industry.
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The global advanced ceramics market is segmented on the basis of class type and end-user industry. Based on the class type, the market is segmented into monolithic ceramics, ceramic matrix composites, and ceramic coatings. Monolithic is estimated to hold a prominent share in the market and is estimated to continue this trend over the forecast period. However, the ceramic matrix composites segment is projected to exhibit significant growth during the forecast period.
The automotive segment is anticipated to contribute significantly over the forecast period. The segmental growth of the market is attributed to the increased demand for light-weight materials for the manufacturing of vehicles and their chassis. The key manufacturers operating in the transport industry are opting for advanced ceramics in their manufacturing. These advanced ceramics also eliminate the major disadvantages of traditional materials such as brittle failure, poor resistance to fracture, and low resistance to thermal shock.
Global Advanced Ceramics Market Segmentation
Global Advanced Ceramics Market by Class Type
• Monolithic Ceramics
• Ceramic Matrix Composites
• Ceramic Coatings
Global Advanced Ceramics Market by End-User Industry
• Electrical &Electronics
• Automotive
• Healthcare
• Defense &Security
• Others
Global Advanced Ceramics Market – Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• 3M Co. (Ceradyne, Inc.)
• Applied Ceramics Inc.
• Axiom Materials, Inc.
• Blasch Precision Ceramics, Inc.
• CeramTec GmbH
• COI Ceramics Inc.
• CoorsTek Inc.
• General Electric Co.
• H.C. Starck GmbH
• International Ceramic Engineering (ICE)
• Kyocera Corp.
• Materion Corp.
• Momentive Performance Materials Inc.
• Morgan Advanced Materials PLC
• Nippon Carbon Co., Ltd.
• Rauschert GmbH
• Rolls Royce Holding PLC
• Safran Group
• Saint-Gobain Advanced Ceramics LLC
• SGL Carbon SE
• UBE Industries, Ltd.
• Ultramet, Inc.
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