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CHEMICALS AND ADVANCED MATERIALS

Advanced Ceramic Additives Market Segmentation by Material (Alumina, Zirconate, and Ferrite); by Product (Binder, Dispersant, Monolithic, Matrix, and Coatings); and by Application (Architecture, Automotive, and Industrial) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • February 22, 2022: Solvay ventures partners with Richland Capital to develop advance materials and manufacturing innovation with technology start-ups in China.

  • June 11, 2019: Kyocera Corporation to acquire the advanced ceramics business of Germany-based Friatec GmbH

Global Advanced Ceramic Additives Market Highlights Over 2022-2031

The global advanced ceramic additives market is estimated to grow at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. The ceramic additives are the materials that are subsumed during the manufacturing of the advanced ceramics to make them sturdy and modify their properties according to the requirement of the end-user. The growth of the market can be attributed to the growing construction sector, especially for commercial and housing purposes. Furthermore, the escalating disposable income of people has promoted the hospitality sector and interior design. It is estimated that there were approximately 185,000 hotels present all across the globe in the year 2018. These hotels require sublime and good-quality basins, tiles, and other ceramic products. Advanced ceramic additives are used to manufacture impeccable basins, sanitary wares, and tableware which is eventually expected to raise the growth of the global advanced ceramic additives market over the forecast period. Similarly, the burgeoning real estate industry is also anticipated to act as a catalyst to escalate market growth. Furthermore, advanced ceramics are utilized in making light-weighted materials in aerospace, automotive, and defence applications. All such factors are projected to raise the growth of the global advanced ceramic additives market over the forecast period. Moreover, advanced ceramic additives have various applications in the healthcare sector in laser surgery, ear implants, pacemakers, femoral head implants for hip replacement, X-ray tubes, pressure sensors, and the dental industry. The proliferating investment in the healthcare sector is also estimated to propel the growth of the global advanced ceramic additives market over the forecast period.

Advanced Ceramic Additives Market Share Graph

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The market is segmented by application into industrial, automotive, and architecture, out of which, the architecture segment is predicted to hold a significant share in the global advanced ceramic additives market over the forecast period on account of the flourishing construction sector and increasing demand for housing and commercial buildings. Moreover, increasing expenditure on interior decoration is also one of the reasons why the global advanced ceramic additives market is projected to grow during the forecast period.

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Infographic Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in the future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, which accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour, as well as government subsidies and relaxed environmental norms, have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for investment in businesses in Asia Pacific countries in the upcoming years.

Global Advanced Ceramic Additives Market Regional Synopsis

Regionally, the global advanced ceramic additives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness noteworthy growth over the forecast period on the back of higher investment in infrastructure in the region. Also, the region has a population with a high disposable income who are capable to spend more on interior decoration. Additionally, the expanding hospitability sector and rapid urbanization are also estimated to support the growth of the global advanced ceramic additives market over the forecast period.

The market in the Asia Pacific region is expected to acquire a prominent share over the forecast period on account of the evolving construction sector. The governments of developing nations, such as India, Japan, and China, are focusing on infrastructural development. According to data published by the Press Information Bureau of India, government policies, such as, Swachh Bharat Abhiyan in India led to the construction of 10.9 crore household washrooms in rural areas by the end of 2021. This increased the demand for sanitary wares in the whole region. Moreover, it is estimated that in 2020, Asia was the largest consumer of ceramic tiles with net consumption of around 11 billion square meters. On the back of these factors, the global advanced ceramic additives market is expected to grow exponentially over the forecast period.

Advanced Ceramic Additives Market Image

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The global advanced ceramic additives market is further classified on the basis of region as follows: 

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook 

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook 

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook 

Market Segmentation 

Our in-depth analysis of the global advanced ceramic additives market includes the following segments:  

By Material

  • Alumina
  • Zirconate
  • Ferrite

By Product   

  • Binder
  • Dispersant
  • Monolithic
  • Matrix
  • Coatings 

By Application 

  • Architecture
  • Automotive
  • Industrial

Growth Drivers  

  • Increasing Demand for Advanced Ceramic Additives in the Medical Industry 
  • Globally Burgeoning Real-Estate Industry

Challenges

  • Adverse Environmental Impact of Ceramics
  • Increasing Tariffs Worldwide

Top Featured Companies Dominating the Market 

  •  KYOCERA Corporation
    • Company Overview 
    • Business Strategy 
    • Key Product Offerings 
    • Financial Performance 
    • Key Performance Indicators 
    • Risk Analysis 
    • Recent Development 
    • Regional Presence 
    • SWOT Analysis 
  • The Dow Chemical Company
  • CeramTec GmbH
  • Morgan Advanced Material plc
  • Elan Technology, IncOrtech, Inc.
  • SANYO CHEMICAL INDUSTRIES, LTD.
  • Giovanni Bozzetto S.p.A.
  • Solvay SA
  • OC Oerlikon Corporation AG

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