Advanced Ceramics Market Size, Share & Trend Report

Advanced Ceramics Market Size, Share & Trend Analysis Report By Material (Alumina Ceramics, Titanate Ceramics, Zirconate Ceramics, Ferrite Ceramics), By Product, By Application, And Segment Forecasts, 2018 - 2024

  • Published Date: Apr, 2018
  • Base Year for Estimate: 2015
  • Report ID: 978-1-68038-914-2
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 144

Industry Insights

The global advanced ceramics market size was valued at USD 56.70 billion in 2015. Advanced ceramics market is expected to witness substantial growth in the next eight years owing to their various capabilities of performing under extreme conditions, with high degree of industrial efficiency.

The product has been witnessing increased demand from various industries including heavy machinery, automotive, energy, cutting tools and defense. Rise in defense manufacturing in emerging economies including India and China has played a major role in augmenting the demand in the last few years this trend is expected to continue over the forecast period.

U.S. advanced ceramics market

The U.S. market was estimated at USD 13.96 billion in 2015 and is anticipated to grow at a CAGR of 10.1% from 2016 to 2024. Various properties have led to a rise in demand from the membranes manufacturers, which has contributed to the overall growth of the market. This is expected to be the fastest growing segment as far as their applications in chemicals are concerned. In addition, the highly industrially efficient nature of these materials is responsible for them being utilized for purification of natural gas.

These powders possess advanced capabilities including improved magnetic, optical, thermal and electrical conductivity. Manufacturers have been able to reduce production costs, energy costs and through the advent of better product molding provide high efficiency for their end products. Asia pacific is the most dominant region as far as consumption is concerned in the advanced ceramics market.

China accounts for most of the demand which is closely followed by South Korea and Japan. India has also witnessed a rise in demand in the past few years owing to the growth of the coatings sector. Rapid industrialization has been a major factor contributing to the rise in demand in the Asia Pacific region. Other key regions include North America and Europe.

There has been a surge in demand from the medical industry for ceramics owing to capabilities such as chemical inertness, and bone & tissue development in the body. In addition, they are not damaged by the body’s immunity system. These abilities have made them a key material for joint replacement applications, dental applications and in different medical devices and equipment.

Growth of major end use industries such as construction/infrastructure mainly in Asian countries such as India and China is expected to remain a key driving factor for the market. Ceramic sanitary ware is one of the major applications of the product. Monolithic ceramics are the most dominant ceramics on account of their enhanced performance characteristics including high dimensional stability, high strength, durability, flexibility and toughness. These properties are responsible for their contribution to various applications including cutting tools, coatings, body armor, electrical and electronic equipment, engine parts, membranes and medical products.

Material Insights

Alumina accounted for over 35% of the global market in 2015. With an exceptional combination of properties and highly attractive price range, the fine technical grade alumina ceramics has got a variety of applications. It is responsible for the resistance as well as weathering for the metallic aluminum. Metallic aluminum is highly reactive in the presence of atmospheric oxygen, but even a thin layer of alumina protects it from any further oxidation.

The zirconate ceramics segment was valued at USD 5.89 billion in 2015. It is used across a wide range of electrical applications, including electroceramics markets, as this material is known to withstand high mechanical stress as well as high electrical voltage.is is generally used when high voltage energy is required. It is used in applications such as high voltage, production and detection of sound and electronic frequency generation. Lead free piezoelectric materials tends to restrain its growth, still the global zirconate ceramics markets is projected to witness a single digit growth in the forecast period.

Product Insights

Ceramic matrix composites (CMR) will be the fastest growing product segment, at a CAGR of over 13% from 2016 to 2024. Although the potential market for ceramic matrix composites is high, their application and sales are limited to few sectors only. Therefore, extensive research and development processes are being carried out in this sector to identify new and commercial materials that can be effective alternatives to metal alloys in hot zones structures and even as a thermal interface matrix in the electronic equipment.

The monolithic ceramics segment was valued at USD 48.06 billion in 2015. It is expected to lead the global advanced ceramics market in the forecast period. China is a key player in the industry due to its vast economy development initiatives, favorable investment policies, growing population, and government policies to promote industrial growth.

Application insights

In 2015, electronic devices were the largest application segment accounting for over USD 16 billion of the industry revenues. Ceramics are employed in a wide range of applications in the electronic devices segment, for functions such as insulating, superconducting, semi conducting, magnetic and piezoelectric applications. These processes are immensely important for the production of products such as phones, television, and computers, among others.

The demand for ceramics diesel particulate filter is estimated to growth for the increasing stringent rules and regulations concerning the usage of the materials due to some specific environmental constraints. The need for intensive development and implementation of environmental-friendly filters is expected to grow in the coming future. The diesel particulate filters are widely used with the extruded coordinate ceramics, bonded SiC, and wound alumina based fibers. The traps used are usually cordierite or SiC based.

End - Use Insights

The electrical & electronics end-use segment is expected to drive the growth of the overall industry revenues over the forecast period. These industries use very large amounts of ceramics for the production of numerous devices and related products. Especially in circuit breakers, advanced ceramics is used for the development of the intermediate alloys of metals required for various industrial requirements such as insulators, conductors, medical applications and others.

Global advanced ceramics market

Increasing disposable incomes of consumers worldwide have resulted in an increased pressure on the automotive production. The resultant growth of the sector is expected to have a positive impact on the product demand growth. Advanced ceramics is used in various applications for the automotive industry such as in the spark plug insulators and glass windows.

Regional Insights

Asia Pacific contributed to over 35% of the global industry revenues in 2015 due to rising consumer spending on electronics, primarily in India and China. Factors such as competitive manufacturing costs, high economic growth, and rapid development of end use industries will continue to drive the market region over the next eight years.

North America is relatively mature and is primarily characterized by new product developments and growing preference towards these products. As of 2015, North America held a substantial share of the global revenues. The U.S is the largest market witnessing growth in terms of product use in the environmental and medical sector in the region. However, this region is expected to lose share to the developing economies over the forecast period.

Advanced Ceramics Market Share Insights

The global industry is fragmented and competitive due to the presence of several key players in the market. These players have a geographical presence with numerous production facilities worldwide. However, the presence of numerous small regional vendors with significant market shares are expected to pose a threat to these international players over the next eight years. In July 2015, Morgan Advanced Materials announced that it is going to invest in the semiconductor market. The investment confirms Morgan’s ongoing commitment to optimizing its manufacturing capabilities in order to best serve its growing global customer base.

In May 2016, Kyocera Corporation agreed to a merger with Nihon Inter Electronics Corporation. The motive behind this merger is sharing of knowledge regarding business domains from the components business to the finished products business operated by both the companies. In November 2012 3M acquired Ceradyne, Inc. The combination of Ceradyne and 3M is working towards enabling new technologies and innovation for uniquely tailored materials requiring advanced ceramics.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2014 - 2015

Forecast period

2016 - 2024

Market representation                            

Volume in Kilo Tons, Revenue in USD Million and CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Germany, UK, France, Netherlands, Norway, Turkey, India, China, Japan, Brazil, UAE

Report coverage

Volume forecast, Revenue forecast, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2012 to 2022. For the purpose of this study, Grand View Research has segmented the global advanced ceramics market report on the basis of material, product, application, end-use, and region:

  • Material Outlook (Revenue, USD Million, 2013 - 2024)

    • Alumina ceramics

    • Titanate ceramics

    • Zirconate ceramics

    • Ferrite ceramics

    • Aluminum nitride

    • Silicon carbide

    • Silicon nitride

  • Product Outlook (Revenue, USD Million, 2013 - 2024)

    • Monolithic ceramics

    • Ceramic coatings

    • Ceramic matrix composites

  • Application Outlook (Revenue, USD Million, 2013 - 2024)

    • Electrical equipment

    • Catalyst supports

    • Electronic devices

    • Wear parts

    • Engine parts

    • Filters

    • Bioceramics

    • Others

  • End-Use Outlook (Revenue, USD Million, 2013 - 2024)

    • Electrical & electronics

    • Automotive

    • Machinery

    • Environmental

    • Medical

    • Others

  • Regional Outlook (Revenue, USD Million, 2013 - 2024)

    • North America

      • U.S.

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • South & Central America

      • Brazil

    • Middle East and Africa

      • Saudi Arabia

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