Advanced Ceramics Market Analysis by Material (Alumina, Zirconia, Titanate, Silicon Carbide, Silicon Nitride, and Others); and by End-User (Electrical & Electronics, Transportation, Medical, Chemical, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
Buy Now Report ID: 977 | Published Date: Feb 08, 2023
The global advanced ceramics market is estimated to garner a revenue of ~USD 200 Billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 84 Billion in the year 2022. Increasing consumption of ceramics in the medical industry and notably rising advancements in electronic technologies are estimated to propel the market growth during the forecast period. For instance, ceramic consumption in the U.S rose more than 8% in 2021 as per the estimations.
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Increasing use of advanced ceramics in battery parts owing to the thermal, electrical, and flexibility properties is expected to drive the global technical ceramics market over the coming years. As per observations, the flexible lithium ceramic batteries of 100 mAh and 2C passed electricity even in a destructive phase and with this flexibility, they are able to be used in wearables. Moreover, the significantly increasing development of various end use industries is another major factor which is driving the growth of the market over the forecast period.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~10% |
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Base Year Market Size (2022) |
~ USD 84 Billion |
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Forecast Year Market Size (2033) |
~ USD 200 Billion |
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Regional Scope |
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Growth Drivers
Increasing Product Adoption in the Automotive Industry – Ceramic is used as a substitute for metals and plastics in the automotive industry to reduce the weight of the vehicle and promote fuel efficiency. For instance, as per the estimations, the use of ceramics in fuel injectors reduces fuel consumption and emissions of pollutants by 80% and is projected to achieve 78 miles per gallon by 2025.
Elevating Demand in Military – Advanced ceramics are used in the defense sector to improve superior armor performance. The use of 10% zirconia-toughened alumina (ZTA) over monolithic AL2O3 with Al enhanced the multi-hit capability of armor.
Escalating Demand for Zirconia in the Medical Industries – Zirconia is used in the medical industry in the dental field on account of its strength and low fracture rate. For instance, the frameworks of zirconia-based fixed dental prostheses (FDPs) exhibit a very low fracture rate i.e., between 0%-5%.
Rising Demand for Implants Abutments, Artificial Bones, and Endosseous Implants – For instance, as per the observations, every year over 1 million dental implants and replacement of more than 5,00,000 artificial hips and knees take place in the U.S.
Rising Demand for Modern Consumer Electronic Appliances – The average index for industrial production of modern consumer electronic appliances such as computers, electronic and optical products as per the estimations rose by over 11% and reached 100 during 2021-2022.
High Prices of Advanced Ceramics - Advanced ceramics are more expensive than metals and alloys. The high pricing is owing to their costly manufacturing process, which involves raw material processing, forming, melting, diamond grinding, and inspection. This approach necessitates the use of various technology and pricey stones, which raises the product cost, and also increases the overall price of the product. Therefore, this factor is estimated to hinder the market growth over the anticipated time frame.
Requirement of Expensive Machinery and Stones
Disruption in Electronic and Automotive Industries
The global advanced ceramics market is segmented and analyzed for demand and supply by end-user into electrical & electronics, transportation, medical, chemical, and others. Out of these, the electrical & electronics segment is anticipated to hold the largest market size by the end of 2033 on the back of increasing advancements in technology, followed by the rising demand for power electronics & electronic sensors for reducing the power consumption across the world. For instance, the use of power electronics technology is estimated to reduce energy consumption by 36% across the world.
The Asia Pacific advanced ceramics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033 on the account of increasing ceramic product demand from the medical industry, along with the increasing research and development investments, and rising technological advancements. Furthermore, the rising elderly population increases the demand for the replacement of bones, hips, and knees owing to the escalating market growth. For instance, about 1.4 billion people in China had knee replacements in 2018.
Our in-depth analysis of the global advanced ceramics market includes the following segments:
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By Material |
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By End-User |
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3M
Kyocera Corporation declared the construction of two additional production facilities for ceramic components used in semiconductor manufacturing equipment.
Murata Manufacturing Co., Ltd. designed the GCM21BC71E106ME36 multilayer ceramic capacitors with a maximum capacitance of 10uF, 2012M size, and 25V rating for 12V line smoothing in automobile applications.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: Rising consumption of ceramics in the medical industry and elevating demand in electroceramics are the major factors driving the growth of the advanced ceramics market.
Ans: The market is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 – 2033.
Ans: High prices of advanced ceramics and requirement of expensive machinery and stones are the challenges affecting the market growth.
Ans: High prices of advanced ceramics and requirement of expensive machinery and stones are the challenges affecting the market growth.
Ans: The major players in the market are 3M, AGC Ceramics Co., Ltd., CeramTec GmbH, CoorsTek Inc., Elan Technology, Inc., KYOCERA Corporation, Morgan Advanced Materials plc, Murata Manufacturing Co., Ltd., Nishimura Advanced Ceramics Co., Ltd., Ortech Advanced Ceramics, and Saint-Gobain Group.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by material, end-user, and by region.
Ans: The electricals & electronics segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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