Global Advanced Ceramics in Power And Metallurgy Market

Advanced Ceramics in Power And Metallurgy Market Segmentation By Material (Alumina, Zirconate and Silicon Nitride); By Chemical Structure (Oxides, Non-oxides and Composites); By Application Type (Wear & Tear, Cutting and others); By Manufacturers (OEM and Aftermarket); By Distribution Channel (B2B and B2C); and By Product Type (Pump & Valve Parts, Foundry Runner, Crucibles and Others) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 2023 | Published On: Feb 01, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

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.


In The News


Introduction to Advanced Ceramics

Advanced ceramics are highly engineered crystalline microstructures, and an advanced form of traditional ceramics, which have extensive resistance towards melting, stretching, corrosion, blending or wear. They have specified properties which cannot be obtained in conventional materials, such as high refractoriness and hardness, low density, low coefficient of thermal expansion (CTE) and higher working temperatures. They offer superior electrical, thermal and physical properties, thereby finding ample usage in the power and metallurgy industries.

Advanced ceramics are manufactured using synthetic compounds. The potential of the industry was observed in the past three decades, when the term was coined in the 1970’s, to designate a new category of engineering material. Furthermore, extensive study on ceramic chemistry and crystallography, combined with knowledge gained in the field of engineering and advanced ceramics, helped engineers achieve advancements in the manufacturing sector, which seemed impossible in the past.


Market Size & Forecast

The advanced ceramics in power and metallurgy market is observing vibrant growth on account of growing usage of thermal resistant materials in various components, associated with the production process of metals in the metallurgy industry. Furthermore, increasing applications of silicon carbide (SiC) and gallium nitride (GaN), for manufacturing of abrasives and refractories used in thermal power plants, are some of the notable factors that are expected to boost the growth of the advanced ceramics in power and metallurgy market.

The market is anticipated to record robust CAGR throughout the forecast period, i.e. 2019-2027. The advanced ceramics in power and metallurgy market is segmented by application type into wear & tear, cutting and others, out of which wear & tear segment is anticipated to have largest market share on account of growing demand for restoration of spare parts, especially pumps and valves among others. According to Valve Manufacturers Association of America (VMA), industrial valve shipments in the power generation industry was 11.1 (% of total) in 2010 and it reached 11.8 (% of total) in 2018.  CLICK TO DOWNLOAD SAMPLE REPORT

U.S. Industrial Valve ShipmentsFurthermore, the growing power and metallurgy industry pertaining to rising consumption of energy and production of metals such as steel, and others, around the globe, is anticipated to fuel the growth of the segment. According to World Steel Association, crude steel production around the globe was 1689 million tonnes in 2017 from that of 189 million tonnes in 1950.

World Crude Steel Production

Advanced Ceramics in Power and Metallurgy Market


Growth Drivers

Rising Applications of Part Restoration

The power and metallurgy industry is classified on the basis of production processes to input & pre-processing of raw materials, formulation and output of finished product. Throughout the stages, the raw materials are transported by using various sophisticated mechanical components, causing frequent wear and tear of these components.

Amongst all, the most widely worn components include chute liners, pipe linings, cyclone walls, pump, valve parts and others; the reason being exposure to extreme high temperatures, and containment of chemical solutions, suspensions, coal slurries and drilling muds among others, thereby creating the demand for restoration of these parts and uphold the flow of manufacturing processes.

Most of these restoration parts are built with advanced ceramic materials, which have tribological, piezoelectric and conducting properties, among others, therefore generating the demand for advanced ceramics in power and metallurgy market.

Growing Need For Insulating Solutions

There is a growing demand amongst enterprises in the power and metallurgy industry for the application of insulating paint and coating solutions, in order to resist abrasion, temperature, radiation and corrosion among others. Broilers, reactors, gas turbines, and others in the thermal power plants, are exposed to extreme heat involving temperatures of around 2300 degree Fahrenheit. Insulating coatings, which are made of advanced ceramic compounds, are applied to the surface of these substrates in thin layers to enhance their surface performance. All of these factors are anticipated to support the growth of the advanced ceramics in power and metallurgy market throughout the forecast period.


U.S. Industrial Valve Shipments
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Restraints

High Implementation Cost

Frequent fluctuations in the prices of raw-materials, used for manufacturing of advanced ceramics products, increases the cost of production of the derived goods, which is anticipated to act as a barrier to the growth of the advanced ceramics in power and metallurgy market during the forecast period.


Market Segmentation

Our in-depth analysis of the advanced ceramics in power and metallurgy market includes the following segments:

By Material

  • Alumina
  • Titanate
  • Zirconate
  • Ferrite
  • Aluminium Nitride
  • Silicon Carbide
  • Silicon Nitride

By Chemical Structure

  • Oxides
  • Non-oxides
  • Composites

By Application Type

  • Wear & Tear
  • Cutting
  • Others

By Manufacturers

  • OEM
  • Aftermarket

By Distribution Channel

  • B2B
  • B2C

By Product Type

  • Pump & Valve Parts
    • Liners
    • Seals
    • Plungers
    • Shaft Sleeves
    • Balls
    • Rings
    • Seals for Ball and Seat
    • Rotary Valves
    • Gate Valves
    • Others
  • Foundry Runner
    • Pipes
    • Tubes
    • Bends
    • Others
  • Crucibles
  • Insulators
  • Coatings
  • Castables
  • Rails
  • Others

By Region

On the basis of regional analysis, the advanced ceramics in power and metallurgy market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia-Pacific is expected to have largest market share on account of highest number of coal fuelled power plants in the entire region. Furthermore, the region being the highest producer of steel, postulates the growing demand for higher usage of advanced ceramics against part restoration in these industries. According to World Steel Association, Asia was the highest producer of crude steel for the year 2017.

Production of Crude Steel

The advanced ceramics in power and metallurgy market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.


World Crude Steel Production
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Top Featured Companies Dominating the Market

    • Advanced Ceramics Corp.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • KYOCERA Corporation
    • CeramTec GmbH
    • CoorsTek Inc.
    • Saint-Gobain
    • Morgan Advanced Materials
    • COI Ceramics, Inc.
    • 3M
    • Corning Incorporated
    • H.C. Starck Gmbh

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