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Redding, California - May 10, 2024

Advanced Ceramics Market to be Worth $37.9 Billion by 2031

Advanced Ceramics Market by Material (Alumina, Zirconia, Silicon Carbide), Product (Ceramic Coatings, Ceramic Matrix Composites), Application, End-use Industry (Electronics & Semiconductors, Manufacturing, Healthcare), and Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Advanced Ceramics Market by Material (Alumina, Zirconia, Silicon Carbide), Product (Ceramic Coatings, Ceramic Matrix Composites), Application, End-use Industry (Electronics & Semiconductors, Manufacturing, Healthcare), and Geography - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the global advanced ceramics market is projected to reach $37.9 billion by 2031, at a CAGR of 4.4% from 2024–2031. The growth of this market is driven by the increasing adoption of advanced ceramics in the healthcare sector and the rising demand for advanced ceramics in the defense sector. However, the high production cost of advanced ceramics may restrain the growth of this market.

The increasing use of nanotechnology and the growing adoption of advanced ceramics in the automotive sector are expected to offer growth opportunities for the players operating in this market. However, the brittle nature of advanced ceramics poses a challenge impacting the growth of the advanced ceramics market. Additionally, the growing adoption of advanced ceramic components for E-mobility is a prominent trend in this market.

The global advanced ceramics market is segmented by material (alumina, zirconia, silicon carbide, silicon nitride, titanate, and other materials), product (monolithic ceramics, ceramic coatings, ceramic matrix composites, and other products), applications (heating, wear parts, electrical equipment, and other applications), end-use industry (automotive, electronics & semiconductors, manufacturing, energy & utilities, healthcare, chemical, and other end-use industries). and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.

Based on Material, the global advanced ceramics market is segmented into alumina, zirconia, silicon carbide, silicon nitride, titanate, and other materials. In 2024, the alumina segment is expected to account for the largest share of 35.0% of the global advanced ceramics market. The segment’s large market share is attributed to the increasing focus on material-centric capabilities, rising R&D investments, increasing demand for alumina-based advanced ceramics in harsh applications, and increasing adoption of alumina-based advanced ceramics in electronics & semiconductors. In addition, the benefits offered by alumina, such as high hardness, chemical resistance, biocompatibility, electrical insulation, and excellent thermal stability, contribute to this segment's growth. Also, several leading key players are taking initiatives to improve productivity. For instance, in October 2023, Alteo (France) launched of its Alteo’s HYCal brand of alumina. This new brand is dedicated to advanced ceramics and strengthens Alteo’s commitment to excellence and quality to support customers’ growth.

However, the titanate segment is expected to record the highest CAGR during the forecast period of 2024–2031. The growing adoption of titanate-based materials in antennas and resonators, increasing investments in wireless communication, and increasing use of titanate-based ceramics materials in medical devices are expected to support the growth of this segment.

Based on Product, the global advanced ceramics market is segmented into monolithic ceramics, ceramic coatings, ceramic matrix composites, and other products. In 2024, the monolithic ceramics segment is expected to account for the largest share of 70.0% of the global advanced ceramics market. The segment’s large share is attributed to the rising trend towards miniaturization and integration of components in electronics and microdevices, the growing demand for these materials in various applications where conventional materials fail, and the rising adoption of monolithic ceramics in automotive, aerospace, electronics, energy, medical, and chemical processing industries.

However, the ceramic matrix composites segment is expected to register the highest CAGR during the forecast period of 2024–2031. The rising adoption of ceramic matrix composites in aerospace, gas turbines, and other high-temperature environments and the rising need for ceramic matrix composites in harsh chemical environments are expected to support the growth of this segment. In addition, the benefits offered by the ceramic matrix composites segment, such as high-temperature performance, corrosion and wear resistance, lightweight, high strength, and excellent thermal shock resistance, are expected to contribute to this segment's growth.

Based on Application, the global advanced ceramics market is segmented into heating, wear parts, electrical equipment, and other applications. In 2024, the electrical equipment segment is expected to account for the largest share of 48.0% of the global advanced ceramics market. The segment’s large share is attributed to the rising investments in the electronics sector, the growing demand for electroceramics, and the increasing need for high-performance and cost-effective electronic equipment. Also, this segment is projected to register a higher CAGR during the forecast period of 2024–2031.

Based on End-use Industry, the global advanced ceramics market is segmented into automotive, electronics & semiconductors, manufacturing, energy & utilities, healthcare, chemical, and other end-use industries. In 2024, the electronics & semiconductors segment is expected to account for the largest share of 55.0% of the global advanced ceramics market. The segment’s large market share is attributed to the rising adoption of advanced ceramics in electronic devices for insulating, superconducting, semiconducting, magnetic, and piezoelectric applications and the growing demand for materials that provide precise dimensions, high reliability, and excellent performance. The benefits of advanced ceramics in the semiconductors industry include superior thermal management, electrical insulation, chemical resistance, dimensional stability, purity, wear resistance, customization options, and longevity, all of which contribute to enhanced performance, reliability, and efficiency in the semiconductor manufacturing processes.

However, the healthcare segment is expected to register the highest CAGR during the forecast period of 2024–2031. The rising adoption of advanced ceramics in implantable medical devices, diagnostic imaging equipment, therapeutic medical devices, and consumable medical devices, increasing use of ceramics coatings, and rising sales of high-performance ceramics are expected to support the growth of this segment.

Based on Geography, the global advanced ceramics market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, North America is expected to account for the largest share of 33.0% of the global advanced ceramics market. North America’s large market share is attributed to the presence of prominent players offering advanced ceramics materials. For instance, in June 2022, CoorsTek, Inc.(U.S.) announced its advanced materials processing (AMP) expansion in Benton, Arkansas. CoorsTek invested over USD 50 Million to create a state-of-the-art advanced materials manufacturing campus that will lead to additional innovation in numerous markets at the 230,000-square-foot facility. Furthermore, the increasing adoption of advanced ceramics in the automotive sector, the rising popularity of EVs, rising sales of high-performance ceramics, and rising demand for high-quality semiconductors that enable ultra-high frequency signal transmission are supporting the market growth.

However, the Asia-Pacific region is projected to register the highest CAGR of 6.0% during the forecast period. This region's rapid growth is mainly driven by the rising adoption of advanced ceramics in various end-use industries, ongoing R&D activities focused on enhancing ceramic properties and manufacturing processes, and market players’ efforts to launch advanced ceramics materials. For instance, in February 2021, CoorsTek, Inc. (U.S.) announced the expansion of its manufacturing footprint in Southeast Asia.

Key Players

The key players operating in the global advanced ceramics market are KYOCERA Corporation (Japan), CeramTec GmbH (Germany), CoorsTek, Inc. (U.S.), Morgan Advanced Materials plc (U.K.), AGC Inc. (Japan), Elan Technology (U.S.), 3M Company (U.S.), MARUWA CO., LTD. (Japan), Ortech Inc. (U.S.), Saint Gobain Ceramic Material (U.S.), Advanced Ceramic Materials (U.S.), McDanel Advanced Material Technologies (U.S.), BCE Special Ceramics GmbH (Germany), STC Material Solutions (U.S.), and Technocera Industries (India).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5873

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of material, product, application, and end-use industry?
What is the historical market size for the global advanced ceramics market?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the global advanced ceramics market?
Who are the major players in the global advanced ceramics market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the global advanced ceramics market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the global advanced ceramics market, and how do they compete with other players?

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Redding, California - May 10, 2024

Advanced Ceramics Market to be Worth $37.9 Billion by 2031

Advanced Ceramics Market by Material (Alumina, Zirconia, Silicon Carbide), Product (Ceramic Coatings, Ceramic Matrix Composites), Application, End-use Industry (Electronics & Semiconductors, Manufacturing, Healthcare), and Geography - Global Forecast to 2031

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