Advanced Ceramic Market Size, Share & Trends Report

Advanced Ceramic Market Size, Share & Trends Analysis Report By Product (Ceramic Coatings, Monolithic), By Material (Alumina, Titanate), By Application, By End-use, By Region, And Segment Forecasts, 2020 - 2027

  • Published Date: Sep, 2020
  • Base Year for Estimate: 2019
  • Report ID: 978-1-68038-914-2
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 168

Report Overview

The global advanced ceramic market size was valued at USD 97.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.7%, in terms of revenue, from 2020 to 2027. Rising demand from the end-use industries including renewable energy and medical are expected to propel market growth over the forecast period. Rising product demand from the clean technology industry will also support market growth. For instance, products, such as solid oxide fuel cells are entirely made of advanced ceramics. Their benefits are anticipated to further increase their usage in the industry, by replacing single critical components like insulation materials. The market in the U.S. is majorly driven by the electronics industry where advanced ceramics are used in various applications such as substrates, circuit carriers, core materials, and other components. The electronics industry in the country, however, witnessed a decline in both production and consumption owing to the coronavirus outbreak, which affected the product demand.

U.S. advanced ceramics market size

Advanced ceramics are widely used in several end-use industries such as electrical & electronics, automotive, machinery, renewable energy, medical, and others. The COVID-19 pandemic has disrupted the manufacturing & trade operations across the globe for all major industries, which is anticipated to hinder the market growth. According to the World Trade Organization, world trade is expected to decline by 13 to 32% in 2020 owing to the pandemic.

Although the pandemic hampered the product demand in the majority of the industries, it propelled its demand in the medical industry. Advanced ceramics emerged as an ideal material to play the role of the carrier that holds & transports blood probes in diagnostic equipment due to its biocompatibility. As pharmaceutical and med-tech companies are racing to expand their testing capacities, the demand for diagnostic equipment and thus, advanced ceramic carriers, is expected to increase during the pandemic.

Material Insights

Alumina dominated the market and accounted for the largest share of more than 34.0% in 2019. The segment is expected to maintain its dominance over the forecast period. These materials possess excellent properties, which make them applicable to wear, structural, and corrosive environments. These are extensively used in semiconductor equipment, wafer transfer parts, and heat resistant & electrical insulation parts.

Zirconate is one of the vital materials as it offers dielectric and ferroelectric properties, which drive its demand in the electronics industry. Moreover, its ability to endure mechanical stress along with high electrical voltage makes it applicable in actuators, ultrasound transducers, FRAM chips, and capacitors.

Ferrites have gained prominence owing to their magnetic properties, low cost, and easy availability. The segment is expected to register a growth rate of 3.5% over the forecast period. These are used in making magnetic ceramics that find application in transformers, telecommunications, and information recording devices.

Application Insights

Electronic devices emerged as the largest application segment, accounting for a share of more than 47% in 2019. Increasing technological advancements in the electronics and automotive industry are propelling the demand for sensors, which is a positive sign for the market growth. Electrical equipment is the second-largest segment. Advanced ceramics are used from insulators & resistors to semiconductors & sensors owing to their electrical properties.

Bioceramics is expected to witness the fastest CAGR during the forecast period. These are specially designed for applications in the medical & dental industry. These are used as replacement parts in knee & hip operations owing to their high wear resistance, biocompatibility, and inertness.

Catalyst support was the third-largest application segment in 2019. Advanced ceramics are used in this application segment as they offer corrosion resistance in aggressive chemical environments, help reduce particulate contamination, and exhibit high purity characteristics. Moreover, they offer benefits such as precise dimensional tolerance and the virtual elimination of hot spots.

End-use Insights

Electrical & electronics was the largest segment in 2019 and accounted for a share of more than 56%. The product is prominently used in the industry in various applications, such as power electronics, electronic sensors, and wafer production. Rising demand for electrical equipment and electronic devices are expected to augment the segment growth over the forecast period. However, the segment is expected to witness a sluggish growth for a couple of years due to the COVID-19 pandemic.

Automotive accounted for a significant market share in 2019 and will expand further at a steady CAGR from 2020 to 2027, due to extensive product usage in electric water pumps that are used for controlling the temperature of engine and battery components for ensuring longevity and efficiency. Growth in the Electric Vehicles (EVs) industry is anticipated to propel the automotive end-use segment growth during the forecast period.

The environmental segment is expected to register the second-fastest CAGR during the forecast period. Several characteristics of advanced ceramics make them useful in products that are environmentally friendly. For instance, their ability to withstand high temperatures has increased their demand in solar energy conversion, Photovoltaic (PV), and other engine systems of power plants. Growth in the renewable energy industry is also anticipated to accelerate the product demand in this segment.

Product Insights

Monolithic held the highest share of over 78.0% in 2019 and this trend is anticipated to continue over the forecast period. However, the ceramic matrix composites segment is expected to register the fastest CAGR during the forecast period. Properties of ceramic matrix composites, such as high-temperature resistance and toughness, are propelling their demand across a wide range of applications.

Global advanced ceramics market share

Ceramic matrix composites find used in applications that require lightweight components and the ability to resist high temperatures such as in the energy industry. The renewable energy industry is gaining prominence worldwide owing to an increasing emphasis on sustainability. Ceramic matrix composites are used in making components such as turbine blades and vanes. Thus, increasing installation capacity in the wind energy sector is expected to prove fruitful for the product demand in the coming years.

For instance, in November 2019, MATECH received a U.S. patent for its process for fabricating ceramic matrix composites. The company utilized Field-assisted sintering technology for producing silicon carbide ceramic matrix composite components that possess low porosity and high modulus. These components can withstand extreme temperatures, resulting in prolonged life & greater durability, making them applicable in various applications such as stationary gas turbine engines, commercial & military aircraft engines, friction materials like aircraft & automotive brakes, and ballistic armor for military and law enforcement personnel.

Regional Insights

Asia Pacific dominated the global market and accounted for a share of more than 40.0% in 2019. The growth in the region is driven by increasing investments in the manufacturing sector of the developing economies, such as China, Japan, India, and Southeast Asian countries. The electronics sector of the region is expected to have significant growth, as key companies are looking forward to establishing their plants in these countries on account of the easy availability of low-cost raw material and labor.

In addition, the COVID-19 pandemic has propelled manufacturers in countries like China to expand their production activities for medical equipment owing to rising demand across the world. Certain Chinese manufacturers have reported an increase in sales for their medical equipment owing to surging demand from various countries. This is expected to boost the demand for advanced ceramics in the medical sector.

North America accounts for a significant share in the market. Increasing emphasis on developing the manufacturing sector in the region coupled with the benefits of inculcating advanced ceramics in industries, such as aerospace and automotive, is anticipated to augment market growth. The performance of these ceramics is propelling global companies to incorporate advanced ceramics in their products. For example, General Electric is into the development of ceramic matrix components for its LEAP gas turbine engine.

Key Companies & Market Share Insights

The market is highly competitive. Most of the manufacturers are integrated across the different stages of the value chain. The pandemic caused several industries to shut down their manufacturing operations, which had a severe impact on the sales and profits of the market players. Companies are focusing on finding ways to resume operations at higher capacities to sustain the competition. Some of the prominent players in the advanced ceramic market include:

  • 3M

  • CeramTec GmbH

  • Elan Technology

  • Oerlikon Surface Solutions AG

  • Ortech Inc.

  • Morgan Advanced Materials PLC

  • CoorsTek, Inc.

  • Kyocera Industrial Ceramics Corp.

  • Murata Manufacturing Co. Ltd.

  • Saint-Gobain

Advanced Ceramic Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 99.81 billion

Revenue forecast in 2027

USD 130.2 billion

Growth Rate

CAGR of 3.7% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD million and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Material, product, application, end-use, region

Regional scope

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

Country scope

U.S.; Germany; U.K.; China; India; Brazil; Saudi Arabia

Key companies profiled

Corning Inc.; Morgan Advanced Materials; Kyocera Corporation; CeramTec; CoorsTek, Inc.; Momentive Performance Materials, Inc.

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. 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, 2016 - 2027)

    • Alumina

    • Titanate

    • Zirconate

    • Ferrite

    • Aluminum Nitride

    • Silicon Carbide

    • Silicon Nitride

  • Product Outlook (Revenue, USD Million, 2016 - 2027)

    • Monolithic

    • Ceramic Coatings

    • Ceramic Matrix Composites

  • Application Outlook (Revenue, USD Million, 2016 - 2027)

    • Electrical Equipment

    • Catalyst Support

    • Electronic Devices

    • Wear Parts

    • Engine Parts

    • Filters

    • Bioceramics

    • Others

  • End-use Outlook (Revenue, USD Million, 2016 - 2027)

    • Electrical & Electronics

    • Automotive

    • Machinery

    • Environmental

    • Medical

    • Others

  • Regional Outlook (Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

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