Market Research Report
Advanced Ceramics Market, By Product, By Material, By Application, By End-User and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026
|Published by||AnalystView Market Insights||Product code||930124|
|Published||Content info||170 Pages
Delivery time: 2-3 business days
|Advanced Ceramics Market, By Product, By Material, By Application, By End-User and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026|
|Published: March 1, 2020||Content info: 170 Pages||
Advanced ceramics market was valued at USD 75.82 billion by 2019, growing with 12.6% CAGR during the forecast period, 2020-2026
Advanced ceramics are substances containing valuable properties which allow them to become resistant to melting, bending, corrosion and stretching.The advanced ceramics are made as an alternative to replace traditional ceramics. Because of its unique properties such as high-temperature resistance, corrosion resistance, and toughness, this product has gained wide usage in several industries. New technical ceramics possess many value-added properties as compared to a traditional one. Advanced ceramics are commonly used in applications like environmental protection, energy efficiency, ballistics protection, and lifetime operating cost. Rising demand for customized applications will boost up the industry growth during the forecast timeline.
Moreover, the corrosion resistance property of ceramic makes it suitable for minimizing production costs in several sectors such as transportation and defense. On the flip side, challenges such as environmental impact, component cost, and material properties, which are likely to hamper the market in forthcoming years.
Based on product the market is segmented into ceramic coatings, ceramic matrix composites and monolithic ceramics. Monolithic segment is going to thrive in the market during the forecast period. The reason behind this is the accelerating demand in the electronics and electrical sector, especially in countries the Asia Pacific. The products such as zirconium carbide, silicon nitride, and silicon carbide zirconium are popular to be used in industries because of their high-temperature resistance, durability, and reliability.
Ceramic matrix composites will also take the lead in the next few years. This segment is used in applications such as defense, chemical, aerospace, and energy because of their excellent strength and resistance to wear and tear.
Based on material the industry is bifurcated into Alumina, Ferrite, Zirconate, and Titanate. Alumina led the market in 2018 and is projected to continue the pace in the upcoming years. Being extremely cost-effective, this material is widely used in several end-user industries, supporting the segment growth. On contrary, titanate material is anticipated to take a significant leap in near future. This material has great thermal shock resistance property and is aptly suitable for high temperatures.
Electronic devices are expected to show their dominance because of their massive popularity in Asia Pacific. This demand is majorly attributed to the pocket-friendly and highly performing features of this electronics gadget. Bio-ceramics are anticipated to bolster the market due to their wear and tear resistance property. This inert substance is commonly utilized in surgical implants like dental and bone implants. As per American Academy of Implant Dentistry, almost 3 million people have undergone dental implants and the implants cases are rising by 500,000 every year. Such figures are pointing towards the bright future of bio-ceramics.
End User Takeaway
Electrical and electronic segment is projected to capture the highest market share. Because of excellent electrical properties of advanced ceramics, electrical segments (capacitors, sensors, resistors, and antennas) are coming in micro sizes with enhanced capability. This is the prime reason for the popularity of this segment.
The demand for computing devices, cellular phones, gaming systems, and other electronic devices will allow electronic components like semiconductors, resistors, capacitors, to achieve high demand.
The Asia Pacific led the regional market till 2020. The region will continue to remain ahead during the study period. Japan is a leading country when it comes to the electrical and electronics industry. Japan is the largest manufacturer of compact discs, computers, video cameras, photocopiers, cell phones, fax machines, and other components. The government's initiatives towards growth strategy popularity termed as "Rebirth Strategy for Japan" emphasized manufacturing units to strengthen the existing group and develop new industries till 2020. Other countries that are giving their significant contribution in the electronics sector are India, China, and Thailand.
North America is likely to capture the market because of significant growth in the electronics industry and healthcare awareness. Although, the market of North America is at its mature state, the emergence of electronics applications owing to the demand for smart homes and offices will drive the market.
The major players of this industry include CeramTec GmbH, Ortech Incorporated, Elan Technology, Morgan Advanced Materials PLC, Oerlikon Surface Solutions AG, Murata Manufacturing Co. Ltd, CoorsTek, Saint Gobain S.A., Kyocera Industrial Ceramics Corporation, and 3M Company. The market is moderately fragmented because of growing number of global leaders, investing in this industry. Companies are actively engaged in manufacturing and supplying advanced and conventional ceramics worldwide.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 & 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
Ceramic matrix composites
MARKET, BY MATERIAL
MARKET, BY APPLICATION
MARKET, BY END-USER
Electrical & Electronics
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA