Global Monolithic Ceramics Market Size By Product (Oxides, Non- Oxides), By Application (Automotive, Power, Electrical and Electronics), By Geographic Scope And Forecast

Monolithic Ceramics Market Size And Forecast

Monolithic Ceramics Market size was valued at USD 24.17 Billion in 2024 and is projected to reach USD 38.52 Billion by 2031, growing at a CAGR of 6.00% from 2024 to 2031.

The increasing demand for electronics and electrical devices is expected to drive the growth of the Global Monolithic Ceramics Market. Furthermore, the rise in the adoption of monolithic ceramics as an alternative to conventional metals and plastic is anticipated to boost the growth of the market. The Global Monolithic Ceramics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Monolithic Ceramics Market Definition

Monolithic Ceramics are those types of ceramics that are responsible for fabrication and polycrystalline microstructure without reinforcement. It is one of the most advanced and technical products of ceramic. The monolithic ceramics have special features such as reliability, durability, and resistance to high temperatures. These features make them indispensable in some of the more demanding applications. The monolithic ceramics can be fabricated without reinforced material. The monolithic ceramics have a polycrystalline microstructure. Monolithic ceramics are one of the most advanced and technical products of ceramics. Monolithic ceramics find their uses in many applications due to their special features.

Global Monolithic Ceramics Market Overview

The growth of the Global Monolithic Ceramics Market is being driven by a rise in demand for electronic devices across the globe. The monolithic ceramics are being widely adopted into the manufacturing of capacitors for various devices such as phones, laptops, cameras, televisions, etc. Mobile phone shipment across the globe is increasing owing to the rising popularity of smartphones and other electronic devices such as laptops, notebooks, etc.

However, some restraints are anticipated to hamper the growth of the Global Monolithic Ceramics Market. The cost associated with the manufacturing process of these ceramics is high and may limit the growth of the Global Monolithic Ceramics Market. Also, the cost associated with the processing of these ceramics is high. Besides, the time-consuming nature of the manufacturing process will hamper the growth of the Global Monolithic Ceramics Market.

Global Monolithic Ceramics Market: Segmentation Analysis

The Global Monolithic Ceramics Market is segmented on the basis of Product, Application, and Geography.

Monolithic Ceramics Market, By Product

• Oxides
• Non- Oxides

Based on Product, the market is bifurcated into Oxides and Non- Oxides. In 2016, the oxides segment captured about 60% of the market share. The large market share of the said segment is credited to its extensive usage in the electronics and electrical industry. The capacitors which are made up of oxides are smaller in size and have a larger capacitance than the conventional ones.

Monolithic Ceramics Market, By Application

• Automotive
• Power
• Electrical and Electronics
• Medical
• Others

Based on Application, the market is bifurcated into Automotive, Power, Electrical and Electronics, Medical, and Others. The electrical and electronics application segment contributed higher than any other segment to the growth of the Global Monolithic Ceramics Market. The monolithic ceramics are extensively being used in the electrical and electronics industry owing to their better physical and unique mechanical properties and hence are dominating the market.

Monolithic Ceramics Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, The Global Monolithic Ceramics Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The largest share in the market will be dominated by North America. The dominance of the North American region can be attributed to the stringent environmental norms which have led to a rise in product demand for pollution control equipment.

Key Players

The "Global Monolithic Ceramics Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are CeramTec, Ceradyne, Inc, Advanced Ceramics Manufacturing, CoorsTek, Inc., Pingxiang Yingchao Chemical Packing Co. Ltd, Morgan Advanced Materials plc., KYOCERA Corporation, Saint-Gobain Ceramic Materials, Murata Manufacturing Co. Ltd. McDanel Advanced Ceramic Technologies.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In July 2021 - Morgan Advanced Materials became part of The Midlands Industrial Ceramics Group, receiving USD 25.5 million in government funding provided through the UK Research and Innovation's flagship Strength in Places Fund (SIPP), placing the Midlands, England on the map as a global institution. with advanced ceramics. The funds will be used to build a world-class program for research and industrial development and education over the next four years and create a group of new businesses in the Midlands and strengthen the supply chain in the region.
• In April 2021, CoorsTek, announced the expansion of its production facility in Benton, Arkansas. By 2020, construction was completed on the expansion of the USD 26.0 million building at the Benton facility to carry out additional production activities in the aerospace and defense markets. The expansion will reach $ 9.0 million in investment in an area of 230,000 square meters.
• In February 2021-CoorsTek announced the expansion of its production facility in Southeast Asia The construction of the first phase of an area of 400,000 sq. km. feet location in Rayong Thailand province started in February 2021. The opening of our center in Thailand provides an important production hub for the continuous supply of high-quality CoorsTek ceramic engineering ingredients in Southeast Asia.