Advanced Ceramics 2024 Industry - Technologies, Applications, Verticals, Strategies & Forecast 2030

 Advanced Ceramics Industry Overview

The global advanced ceramics market size was estimated at USD 107.00 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030. 

Increasing demand for advanced ceramics in various industries, coupled with growth in the medical and telecom sectors, is expected to drive market expansion. Advanced ceramics, also known as technical ceramics, possess improved magnetic, optical, thermal, and electrical conductivity. End-users can reduce their production and energy costs by utilizing advanced ceramics that provide high efficiency to end products.  Asia Pacific is a leading market for advanced ceramics in the world in terms of their consumption.

Gather more insights about the market drivers, restrains and growth of the Advanced Ceramics Market

The rise in demand for advanced ceramics in the U.S. can be attributed to an increasing preference for lightweight materials across various industries. The production and consumption of these materials and components for the electrical and electronics sectors have been on the rise due to the growing need for uninterrupted connectivity. Furthermore, flourishing electric vehicle (EVs) and defense sectors have also contributed to market growth.

For instance, in 2023, under the National Defense Authorization Act of the U.S., the country authorized USD 32.6 billion for Navy shipbuilding, an increase of USD 4.70 billion. Also, in April 2023, the EPA announced new and stricter environmental rules for light- and medium-duty vehicles. The rules are expected to apply to vehicles manufactured from 2027 to 2032, covering greenhouse gases (GHG) and other pollutants, including ozone, nitrogen oxides, particulate matter, and carbon monoxide.

Advanced Ceramics Market Segmentation

Grand View Research has segmented the global advanced ceramics market report based on material, product, application, end-use, and region:

Material Outlook (Revenue, USD Million, 2018 - 2030)

·         Alumina

·         Titanate

·         Zirconate

·         Ferrite

·         Aluminum Nitride

·         Silicon Carbide

·         Silicon Nitride

Product Outlook (Revenue, USD Million, 2018 - 2030)

·         Monolithic

·         Ceramic Coatings

·         Ceramic Matrix Composites (CMCs)

Application Outlook (Revenue, USD Million, 2018 - 2030)

·         Electric Equipment

·         Catalyst Supports

·         Electronic Devices

·         Wear Parts

·         Engine Parts

·         Filters

·         Bioceramic

·         Others

End-use Outlook (Revenue, USD Million, 2018 - 2030)

·         Electric & Electronics

·         Automotive

·         Machinery

·         Environmental

·         Medical

·         Others

Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

·         US

Europe

·         Germany

·         UK

Asia Pacific

·         China

·         India

Central & South America

·         Brazil

Middle East and Africa

·         Saudi Arabia

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The KSA cement market size was estimated at USD 3.99 billion in 2023 and is projected to grow at a CAGR of 7.0% from 2024 to 2030.

The global linear slides market size was estimated at USD 2.73 billion in 2023 and is expected to grow at a CAGR of 6.6% from 2024 to 2030. 

Key Advanced Ceramics Company Insights

Some of the key players operating in the market include Kyocera Corp. and CoorsTek.

Kyocera Corp. is a multinational electronics and ceramics manufacturer based in Japan. Its advanced ceramics division offers a wide range of products, including cutting tools, industrial components, and electronic devices. Kyocera's advanced ceramics are known for their high quality, durability, and performance, making them a preferred choice in industries, such as automotive, aerospace, and medical

CoorsTek is a privately owned manufacturer of technical ceramics based in the U.S. It produces a diverse range of advanced ceramic products, including components for semiconductor manufacturing, medical devices, and industrial equipment

Nexceris and Admatec are some of the emerging market participants in the advanced ceramics market.

Nexceris is an advanced materials company dedicated to developing innovative ceramic technologies for energy, environmental, and industrial applications. Headquartered in the U.S., Nexceris specializes in the design and manufacture of ceramic-based products including solid oxide fuel cells, gas sensors, and catalysts. Leveraging its expertise in materials science and engineering, Nexceris aims to address critical challenges in clean energy and environmental sustainability

Key Advanced Ceramics Companies:

The following are the leading companies in the advanced ceramics market. These companies collectively hold the largest market share and dictate industry trends.

·         3M

·         AGC Ceramics Co., Ltd.

·         CeramTec GmbH

·         CoorsTek Inc.

·         Elan Technology

·         KYOCERA Corporation

·         Morgan Advanced Materials

·         Murata Manufacturing Co., Ltd.

·         Nishimura Advanced Ceramics Co., Ltd.

·         Ortech Advanced Ceramics

·         Saint-Gobain

Recent Developments

In February 2023, MO SCI Corp., completed the acquisition of 3M's advanced materials business. This strategic move encompasses the transfer of more than 350 specialized pieces of equipment and associated intellectual property. By the fourth quarter of 2023, all acquired assets, including equipment and technology, will be fully integrated and operational at MO SCI Corp.'s headquarters in Rolla, Missouri

In June 2022, CoorsTek allocated more than USD 50 million towards the establishment of a cutting-edge advanced materials manufacturing campus spanning 230,000 square feet. This strategic investment aims to drive further innovation across multiple markets. The expansion represents a substantial commitment by CoorsTek to enhance its Benton facility, marking a pivotal milestone in the company's ongoing long-term investment strategy in Arkansas

Order a free sample PDF of the Advanced Ceramics Market Intelligence Study, published by Grand View Research.

 

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