Advanced Ceramics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Market Overview

The advanced ceramics market was valued at USD 77,250 million in 2020 and is expected to register a CAGR of over 6.5% during the forecast period.

The market was negatively impacted due to COVID-19 outbreak in 2020. During 2020, the economic and industrial activities came to a temporary halt, almost all manufacturing industries where advanced ceramics find applications, like in electrical and electronics, transportation, industrial, chemical, and other end-user Industries (except medical), reduced their manufacturing capacities due to the lack of workers, prevailing lockdowns, and halt in global supply chains. This has resulted in repercussions in terms of both productions as well as demand for advanced ceramics. The global electronics industry is witnessed an around 62% drop in its sales for the year 2020. However, the condition is expected to gradually recover over the forecast period.

• Over the medium term, the major factors driving the market studied are the rise in use as an alternative to metals and plastics and the growing demand in the medical industry.
• On the flipside, unfavorable conditions arising due to COVID-19 impact is expected to hinder the growth of the market studied.
• The electronic and electrical industry dominated the market and is expected to grow during the forecast period, owing to a wide-range of electrical properties of advanced ceramics, including insulating, semi-conducting, superconducting, piezoelectric, and magnetic properties.
• Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and Japan.

Scope of the Report

The advanced ceramics market is segmented by material type, class type, end-user industry, and geographies. By material type, 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, market is segmented into monolithic ceramics, ceramic matrix composites, and ceramic coatings. By end-user Industry, 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 for the Advanced Ceramics Market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

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Key Market Trends

Electronic and Electrical Industry to Dominate the Market

• A variety of ceramics are used in electrical and electronic applications, ranging from power devices to semiconductor and semiconductor manufacturing, semiconductor equipment, and handling devices.
• Alumina has a wide range of applications, ranging from electrical components to semiconductor components, including resistors, capacitors that are used in multi-layer interconnection circuits, hybrid circuits, condensers, and hyper frequency resonators.
• In the semiconductor industry, alumina components need to endure severe plasma etching, as well as mold into several multiplex shapes. These alumina materials are the most common and affordable in industrial production.
• Silicon carbide is estimated to have one of the largest applications in the electrical and electronics industry in the coming years. Silicon carbide is used in 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, which make it useful in the field of semiconductors, consumer and household, microelectronics, and computer and communication. It is also used as a heat sink in LED lighting technology and high-power electronics. 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 the global electronics production, with counties, like South Korea, Japan, and China, involved in the manufacture of various electrical components and supplies to various industries worldwide. Electrical and electronics production in India is expected to increase rapidly due to government initiatives with policies like "Make in India" to make the country self-reliant.
• In Europe, the German electronics industry is the largest in the region. The electrical and electronics industry accounted for 11% of the total industrial production in Germany. According to the German Electrical and Electronic Manufacturers' Association (ZVEI), the global electronics market is expected to rise to EUR 4.6 trillion in 2021.
• The growing penetration of smartphones and growing production and sales of smartphones are also estimated to drive the market during the forecast period.
• The growing electrical and electronic industry is estimated to boost the demand for advanced ceramics over the forecast period.

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