Advanced ceramics materials are capable of handling high temperatures and are extremely strong. They have also improved upon the qualities of traditional ceramics. These new materials are already enhancing our lives. They play a crucial role in several industries. Transformation toughening and reinforcing the matrix with a dispersed phase are two of the most promising directions. Another promising direction involves using silicon-nitride fibers in a silicon-carbide structure. Electrical and Electronics, Transportation (Aerospace & Automotive), Medical, Industrial, Defense and Security, and Chemical are some of the major end-user industries of advanced ceramics.
Market Statistics:
The global Advanced Ceramics Market is estimated to account for US$ 80,442.64 Mn in terms of value by the end of 2021.
Global Advanced Ceramics Market: Drivers
Increasing demand for lightweight materials from electric vehicle and defense sectors is propelling growth of the advanced ceramics market. Moreover, its environmentally friendly and reliable to use is another factor fostering market growth. Advanced ceramic materials enable safe, low-wear process control, reduce emissions, and ensure the efficient use of resources in many areas of energy supply and environmental technology.
Global Advanced Ceramics Market: Opportunities
Increasing demand for renewable source of energy is driving installed capacity of wind capacity. This is projected to offer potential growth opportunities in the near future. For instance, at the start of March 2020, the installed wind capacity in India was 37.7 GW. The government has set a target of 60GW by 2022. In order to achieve the target, the number of projects during the next two years is expected to increase drastically. This, in turn, is driving the demand for advanced ceramics in the country.
Global Advanced Ceramics Market: Restraints
Factors such as specific mechanical, thermal, and electrical properties of advanced ceramics vary dramatically, with the operational conditions and process design of the manufacturing process. This makes the design process highly specific, leading to huge fluctuations in the final product with minor deviations in the design process. This is expected to negatively impact the market growth to some extent.
Global Advanced Ceramics Market - Impact of Coronavirus (Covid-19) Pandemic
While the COVID-19 outbreak started in Wuhan, China, during the last quarter of 2019, it has now spread to about 215 countries, due to international air commute. As of now, the global coronavirus cases have reached over 141 million and 3.01 million deaths, with a continuously increasing number of cases. The most affected countries include the United States, India, and Brazil with 31.7, 14.8, and 13.9 million confirmed cases, respectively. While during 2020, the economic and industrial activities came to a temporary halt, almost all manufacturing industries where advanced ceramics find applications, like in electrical and electronics, transportation, industrial, chemical, and other end-user Industries (except medical), reduced their manufacturing capacities due to the lack of workers, prevailing lockdowns, and halt in global supply chains. This has resulted in repercussion in terms of both production as well as demand for advanced ceramics.
To know the latest trends and insights prevalent in the Global Advanced Ceramics Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/advanced-ceramics-market-5102
Key Takeaways:
The global Advanced Ceramics market was valued at US$ 80,442.64 Mn in 2021 and is forecast to reach a value of US$ 122,101.00 Mn by 2030 at a CAGR of 6.72% between 2022 and 2030.
Monolithic Ceramics segment held dominant position in the global Advanced Ceramics market in 2021, accounting for 78.00% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Advanced Ceramics Market Trends:
Increasing investment in wireless communication technology especially after Covid-19 pandemic is projected to shape the market growth positively. Growing work from home culture and expanding digital platforms are boosting investments in next-generation technologies. For instance, in April 2021, AT&T announced it will invest $2 billion over the next 3 years to offer discounted wireless solutions to more than 135,000 public and private K-12 schools, colleges, and universities.
Ceramic Matrix Composites are gaining attention among end-users due to its lightweight, have high strength, and offer excellent thermal shock properties. For this key players are introducing new products in
Global Advanced Ceramics Market: Competitive Landscape
- 3M (Ceradyne Inc.)
- AGC Inc.
- Applied Ceramics
- Blasch Precision Ceramics Inc.
- Ceramtec
- COI Ceramics Inc.
- Coorstek Inc.
- Corning Incorporated
- International Ceramics Inc.
- Kyocera Corporation
- MARUWA Co. Ltd
- Materion Corporation
- McDanel Advanced Ceramic Technologies
- Morgan Advanced Materials
- Murata Manufacturing Co. Ltd
- Rauschert GmbH
- Saint-Gobain
- Small Precision Tools Inc.
- Vesuvius
- Wonik QnC Corporation
Global Advanced Ceramics Market: Recent Developments
- In April 2021, CeranTec developed a ceramic power module for drive inverters for eMObility solutions. CeramTec and Fraunhofer Institute for Integrated Systems and Device Technology collaborated to develop cooling solutions for power electronics in e-mobility drive trains, and the launch date is announced for this new product, which is in May 2021.
- In April 2019, Corning Incorporated showcased a collection of its ceramic and glass technologies at Ceramics Expo, one of the industry's leading shows for global manufacturers, suppliers, and customers across the ceramics industry at the I-X Center in Cleveland, Ohio. The products and new technologies focused upon were Alumina Ribbon Ceramic, Precision Glass Solutions, and Corning Willow Glass. Each of these products can enable high- performance applications in consumer electronics and the Internet of things.
- In April 2021, Murata Manufacturing Co. Ltd announced that the company is extending its product lineup of PTC thermistors for overcurrent protection in compact wearable devices and smartphones by adding high-voltage-tolerant thermistors (PRG03BC181RB7RL) and low-resistance thermistors (PRG03BC101RB7RL), which offers stable resistance after the operation due to ceramic PTC.
