Advanced Ceramics Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Report Covers Global Advanced Ceramics Market Forecast & Size. The Market is segmented by Material Type (Alumina, Titanate, Zirconia, Silicon Carbide, Aluminum Nitride, Silicon Nitride, Magnesium Silicate, Pyrolytic Boron Nitride, and Other Material Types), Class Type (Monolithic Ceramics, Ceramic Matrix Composites, and Ceramic Coatings), End-user Industry (Electrical and Electronics, Transportation, Medical, Industrial, Defense, and Security, Chemical, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers the market sizes and forecasts for advanced ceramics in revenue (USD million) for all the above segments.

Advanced Ceramics Market Size

Advanced Ceramics Market Summary
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Study Period 2017-2027
Base Year For Estimation 2022
CAGR > 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Advanced Ceramics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Advanced Ceramics Market Analysis

The advanced ceramics market is expected to register a CAGR of over 6% during the forecast period (2022-2027).

  • The impact of the Covid-19 pandemic on the market was largely negative, but the market has now reached pre-pandemic levels and is expected to grow steadily during the forecast period.
  • Over the medium term, the major factors driving the market are the rise in use as an alternative to metals and plastics and the growing demand in the medical industry.
  • On the flip slide, high capital investment for the equipment and chemical processes and uncertainty in regulative policies concerning climate change, energy & environment undermine the market.
  • However, increasing applications of silicon carbide (SiC), gallium nitride (GaN), and growth in usage in nanotechnology would likely create lucrative growth opportunities for the global market soon.
  • The electronics and electrical industry dominated the market, and it is expected to grow during the forecast period, owing to a wide range of electrical properties of advanced ceramics, including insulating, semiconducting, superconducting, piezoelectric, and magnetic properties.
  • Asia-Pacific dominated the market globally, with the largest consumption from countries such as China and Japan.

Advanced Ceramics Market Trends

This section covers the major market trends shaping the Advanced Ceramics Market according to our research experts:

The Electronics and Electrical Industry is Expected to Dominate the Market

  • Silicon carbide is estimated to have one of the largest applications in the electrical and electronics industry in the coming years. It has various applications in electric vehicles, high-power and high-voltage power devices, semiconductors, solar inverters, and LED lights.
  • Aluminum nitride is used in heat removal applications because of its high thermal conductivity and excellent electrical insulation properties, making it useful in semiconductors and consumer and household products. Similarly, silicon nitride and boron nitride are used in various electrical and electronic applications.
  • Asia-Pacific is one of the leading manufacturers of electronics in the world. It accounts for more than 70% of global electronics production, with countries like South Korea, Vietnam, India, and China leading.
  • In Europe, the German electronics industry is the largest in the region. The electrical and electronics industry accounts for 11% of the total industrial production in Germany. According to the German Electrical and Electronic Manufacturers' Association (ZVEI), the global electronics market is estimated to have risen to EUR 4.6 trillion (~USD 4.82 trillion) in 2021.
Advanced Ceramics Market: Electric industry, Market Value, in EUR trillion, Global, 2016-2021

Japan is Expected to Dominate the Asia-Pacific Market

  • The Japanese electrical and electronics industry is one of the world's leading industries. Japan is a world leader in the production of computers, gaming stations, cell phones, and various other key computer components.
  • Consumer electronics account for one-third of the Japanese economic output. The country specializes in manufacturing electronic components and devices, such as passive components, connecting components, electronic boards, and liquid crystal devices.
  • With the advance of digitalization boosting demand and expanding exports, global production by Japanese electronics and IT companies is expected to grow 8% year on year in 2021 to JPY 37,300 (~ USD 272.02) billion.
  • The Japanese aerospace industry manufactures aircraft components for commercial and defense aircraft. Commercial aircraft production has been increasing over the past couple of years due to the increasing cargo demands.
  • The country also plays a central role in the development of aircraft such as Boeing 767, 777, 777X, and 787 and engines such as the V2500, Trent1000, GEnx, GE9X, and PW1100G-JM.
  • According to the Ministry of Health, Labour, and Welfare of Japan, the country produces over 25% of the total medical devices for surgical procedures such as sterile tubes and catheters for blood vessels, surgical procedures, and sterile blood transfusion sets.
  • The rapidly aging Japanese population increases the number of patients with chronic and lifestyle-related diseases, and universal health insurance coverage and regulatory measures are driving the Japanese medical devices market.
Advanced Ceramics Market- Growth Rate by Region, 2022-2027

Advanced Ceramics Industry Overview

The advanced ceramics market is partially fragmented in nature, with the top five players accounting for a major share of the market studied. The major market players (in no particular order) include Kyocera Corporation, Corning Incorporated, Murata Manufacturing Co., CoorsTek, and Morgan Advanced Materials, among others.

Advanced Ceramics Market Leaders

  1. CoorsTek Inc.

  2. Morgan Advanced Materials

  3. Kyocera Corporation

  4. Corning Incorporated

  5. Murata Manufacturing Co. Ltd

*Disclaimer: Major Players sorted in no particular order

Advanced Ceramics Market Concentration

Advanced Ceramics Market News

  • In April 2021, CeramTec developed a ceramic power module for drive inverters for e-mobility solutions. CeramTec and the Fraunhofer Institute for Integrated Systems and Device Technology collaborated to develop cooling solutions for power electronics in e-mobility drive trains. The launch date announced for this new product was May 2021.
  • In February 2021, Coorstek announced its new manufacturing plant in Southeast Asia. The first phase of the 400,00 sq. ft engineered ceramics manufacturing facility is in the province of Rayong, Thailand. The ground-breaking ceremony was held on 25th January, and the construction began in February 2021.

Advanced Ceramics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rise in Use as Alternative to Metals and Plastics

      2. 4.1.2 Growing Demand in the Medical Industry

      3. 4.1.3 Eco-friendliness and Reliability of Use

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising due to COVID-19 Impact

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Patent Analysis

    6. 4.6 Price Analysis

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Material Type

      1. 5.1.1 Alumina

      2. 5.1.2 Titanate

      3. 5.1.3 Zirconia

      4. 5.1.4 Silicon Carbide

      5. 5.1.5 Aluminum Nitride

      6. 5.1.6 Silicon Nitride

      7. 5.1.7 Magnesium Silicate

      8. 5.1.8 Pyrolytic Boron Nitride

      9. 5.1.9 Other Material Types

    2. 5.2 Class Type

      1. 5.2.1 Monolithic Ceramics

      2. 5.2.2 Ceramic Matrix Composites

      3. 5.2.3 Ceramic Coatings

    3. 5.3 End-user Industry

      1. 5.3.1 Electrical and Electronics

      2. 5.3.2 Transportation

      3. 5.3.3 Medical

      4. 5.3.4 Industrial

      5. 5.3.5 Defense and Security

      6. 5.3.6 Chemical

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M (Ceradyne Inc.)

      2. 6.4.2 AGC Inc.

      3. 6.4.3 Applied Ceramics Inc.

      4. 6.4.4 Blasch Precision Ceramics Inc.

      5. 6.4.5 Ceramtec

      6. 6.4.6 COI Ceramics Inc.

      7. 6.4.7 Coorstek Inc.

      8. 6.4.8 Corning Incorporated

      9. 6.4.9 International Ceramics Inc.

      10. 6.4.10 Kyocera Corporation

      11. 6.4.11 MARUWA Co. Ltd

      12. 6.4.12 Materion Corporation

      13. 6.4.13 McDanel Advanced Ceramic Technologies

      14. 6.4.14 Morgan Advanced Materials

      15. 6.4.15 Murata Manufacturing Co. Ltd

      16. 6.4.16 Rauschert GmbH

      17. 6.4.17 Saint-Gobain

      18. 6.4.18 Small Precision Tools Inc.

      19. 6.4.19 Vesuvius

      20. 6.4.20 Wonik QnC Corporation

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Applications of Silicon Carbide (SiC) and Gallium Nitride (GaN)

    2. 7.2 Growth in Usage in Nanotechnology

**Subject to Availability

Advanced Ceramics Industry Segmentation

The advanced ceramics market is segmented by material type, class type, end-user industry, and geography. By material type, the market is segmented into alumina, titanate, zirconia, silicon carbide, aluminum nitride, silicon nitride, magnesium silicate, pyrolytic boron nitride, and other material types. By class type, the market is segmented into monolithic ceramics, ceramic matrix composites, and ceramic coatings. By end-user industry, the market is segmented into electrical and electronics, transportation, medical, industrial, defense and security chemical, and other end-user industries. The report also covers the market size and forecasts in 15 countries across major regions. The market sizing and forecasts for each segment have been calculated based on revenue (USD million).

Material Type
Alumina
Titanate
Zirconia
Silicon Carbide
Aluminum Nitride
Silicon Nitride
Magnesium Silicate
Pyrolytic Boron Nitride
Other Material Types
Class Type
Monolithic Ceramics
Ceramic Matrix Composites
Ceramic Coatings
End-user Industry
Electrical and Electronics
Transportation
Medical
Industrial
Defense and Security
Chemical
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Advanced Ceramics Market Research FAQs

The Advanced Ceramics Market is projected to register a CAGR of greater than 6% during the forecast period (2023-2027).

CoorsTek Inc., Morgan Advanced Materials, Kyocera Corporation, Corning Incorporated and Murata Manufacturing Co. Ltd are the major companies operating in the Advanced Ceramics Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2027).

In 2023, the Asia-Pacific accounts for the largest market share in the Advanced Ceramics Market.

Advanced Ceramics Industry Report

Statistics for the 2023 Advanced Ceramics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Advanced Ceramics analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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