Advanced Ceramics Market Size, Share & Trends Analysis Report By Material (Alumina, Titanate), By Product (Monolithic, CMCs), By Application, By End-use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global advanced ceramics market size was valued at USD 103.79 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Increasing penetration of advanced ceramics in various applications, along with the growth in medical and telecom industries, is anticipated to augment market growth over the forecast period.

Advanced ceramic, also referred to as technical ceramic, offers improved magnetic, optical, thermal, and electrical conductivity. End-users have been able to reduce their production and energy costs with the help of advanced ceramics that provide high efficiency to end products. The Asia Pacific is a leading market for advanced ceramics in the world in terms of their consumption.

The demand for advanced ceramics in the U.S. is primarily driven by an increasing preference for lightweight materials in various industries. Rising production and consumption of these materials and components for the electrical and electronics sector owing to the growing requirement for uninterrupted connectivity, along with their use in flourishing electric vehicle (EV) and defense sectors, are expected to augment the market growth over the forecast period.

Rising market growth is leading to new product development, for example, in June 2021, Starfire Systems Inc. announced the release of Hafnium Carbide (HfC), a new addition to the family of silicon carbide (SiC) forming pre-ceramic polymers. HfC finds application in making ceramic matrix composite (CMC) and high purity powder, which are used in automotive applications for hypersonic and re-entry vehicles.

Furthermore, the rising popularity of 3D printing is propelling the need for advanced ceramics for making parts and components for high-performance applications. For instance, in November 2021, Tethon 3D announced its partnership with Fortify to produce technical ceramics for 3D printing. Such steps will aid market growth by opening new opportunities for the product in the aerospace, medical, and energy industries.

Advanced ceramics are extensively being used in EVs, which is further expected to propel market growth. For example, piezo-ceramic components act like sensors for electronic controls passing information on the engine’s operations. The information is received by electronic components based on ceramic substrates, which control motor management and safety systems like ABS, ASR, and airbag release. Thus, the rising production of EVs is anticipated to boost market growth over the coming years.

Material Insights

Alumina held the largest revenue share of over 30.0% in 2021 and this trend is anticipated to continue over the forecast period. Alumina-based advanced ceramics are used for harsh applications that need characteristics such as thermal stability and wear resistance. Some of the applications include high voltage insulators, mechanical seals, semiconductor parts, and ballistic armor.

Titanate is anticipated to register the fastest growth rate over the forecast period. The product finds application in antennas and resonators. Titanate-based materials used in the dielectric resonators in microwave communication systems have become vital components in today’s modern world. Growing investments in wireless communication, especially after the COVID-19 pandemic, are expected to propel segment growth.

According to the CTIA’s 2021 Annual Wireless Industry Survey, the U.S. wireless industry made an investment of USD 30 billion in 2020. In the same year, the wireless data traffic reached 42 trillion megabytes, which is more than 200% higher than 2016. Growth in the Internet of Things, work from home culture, and digital platforms are propelling investments in next-generation technologies, thus augmenting demand for resonators and antennas.

Product Insights

Monolithic held the largest revenue share of over 75.0% in 2021 and is expected to dominate the market over the forecast period. The product possesses characteristics such as high-temperature resistance, durability, and reliability, making it vital for applications in electronic devices and vehicles.

Ceramic Matrix Composites (CMCs) are anticipated to register the fastest growth rate of 5.0% over the forecast period. These are composites wherein both matrix and reinforcement material are ceramic. They possess enhanced properties owing to the combination of different materials. Thus, CMCs are lightweight, have high strength, and offer excellent thermal shock properties.

In July 2021, Mitsubishi Chemical Corporation announced the development of its new CMC material, a combination of metal and carbon fiber. The product possesses high molding workability and is also low in cost without compromising on features such as wear resistance, lightweight, low dust generation, high heat resistance, and high rigidity. The product is used as brake material in industrial machine parts and mobility.

Application Insights

Electronic devices held the largest revenue share of over 45.0% in 2021 and this trend is expected to continue over the forecast period. The product is extensively used in smartphones, television sets, computers, and consumer appliances. Rising investments in the electronics industry are expected to aid the segment growth over the forecast period.

For instance, in March 2022, Reliance Industries announced making an investment of up to USD 221 million in U.S.-based firm Sanmina, for establishing a joint venture to expand its electronics production. This investment aims at creating an electronics manufacturing hub in India, which will cater to technology hardware infrastructure for industries such as communications, healthcare and medical systems, and aerospace and defense.

The bioceramic segment is anticipated to register the fastest growth rate over the forecast period. The growth is attributed to the rising emphasis on the medical industry in various countries. It is used as dental implants and as replacement parts in knee and hip operations. Bioceramic has gained penetration in the accessories market as well. In April 2021, SWATCH introduced the first-ever bioceramic watch, with its BIG BOLD series.

End-use Insights

The electrical and electronics segment held the largest revenue share of over 55.0% in 2021 and is anticipated to dominate the market over the forecast period. With the advancements in technology, advanced ceramics exhibit semiconducting, superconducting, piezoelectric, and magnetic properties. Their applications in the electrical and electronics industry include spark plugs; capacitors; fixed and variable resistors; inductors; and circuit protection devices.

The environmental segment is expected to register the fastest CAGR of 4.7% across the forecast period. Advanced ceramics are environment-friendly materials that can help in regenerating damaged ecosystems. Stringent implementation of various environmental policies globally and the rising competitiveness among different industries have augmented the requirement for energy-efficient and cost-effective production processes, with reduced material wastage.

The medical segment is also one of the fastest-growing end-use segments in the market. Properties of advanced ceramics such as non-toxicity, high compressive strength, low friction coefficient, and high wear and chemical resistance make them useful in medical applications such as diagnostic imaging equipment, consumable medical devices, implantable medical devices, and therapeutic medical devices.

Regional Insights

The Asia Pacific held the largest revenue share of over 35.0% in 2021 and is anticipated to maintain its lead over the coming years. Growing investments in EVs, medical, and electronics industries in the region are expected to boost the market growth. For instance, in December 2021, seven factories were opened at the Medical Devices Park in Telangana, India, by seven companies, entailing an investment of INR 265 crore (~USD 34.6 million).

North America held a significant revenue share in 2021. Flourishing electronics, medical, and EV industries in the region are expected to stimulate market growth. Surging requirements for high-quality semiconductors that carry out ultra-high frequency signal transmission to ensure improved connectivity are further expected to boost the market growth.

For instance, in December 2021, EMD Electronics announced making an investment of USD 1 billion in the U.S. through 2025 for supporting the semiconductor customers and boosting growth opportunities in the electronics market. Furthermore, in February 2022, a China Competition Bill was passed by the U.S. government, which will allocate USD 52 billion for the semiconductor industry in the country.

Key Companies & Market Share Insights

The market has been characterized by the presence of established players, which makes the competitive rivalry high. The integration is observed by several market players across different stages of the value chain. In addition, strategic initiatives such as new product developments and acquisitions are being adopted by the companies to stay ahead in the competition and increase their market share.

For instance, in May 2021, Fralock Holdings, LLC acquired Ceramic Tech Incorporated, which is engaged in pre-fired machining, pressing, sintering, developing specialized formulations, and grinding for leading global OEMs. Stratamet Advanced Materials, a company developing high-purity semiconductor grade ceramic materials, was also a part of the acquisition. Some prominent players in the global advanced ceramics market include:

• 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

Advanced Ceramics Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global advanced ceramic market report on the basis of material, product, application, end-use, and region:

• Material Outlook (Revenue, USD Million, 2017 - 2030)

  • Alumina

  • Titanate

  • Zirconate

  • Ferrite

  • Aluminum Nitride

  • Silicon Carbide

  • Silicon Nitride

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Monolithic

  • Ceramic Coatings

  • Ceramic Matrix Composites (CMCs)

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Electric Equipment

  • Catalyst Supports

  • Electronic Devices

  • Wear Parts

  • Engine Parts

  • Filters

  • Bioceramic

  • Others

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Electric & Electronics

  • Automotive

  • Machinery

  • Environmental

  • Medical

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia