Technical Ceramics Market Size, Share & Trends Report

Technical Ceramics Market Size, Share & Trends 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: 2016
  • Report ID: GVR-1-68038-158-0
  • Format: Electronic (PDF)
  • Historical Data: 2014-2016
  • Number of Pages: 142

Industry Insights

The global technical ceramics market size was valued at USD 62.05 billion in 2016 and is expected to witness significant growth over the next eight years owing to rising demand for electronic devices among consumers in Asia Pacific particularly China and India. Various properties of the product such as low thermal expansion, robustness, and high-temperature stability have increased popularity of these products in various end-use including electrical & electronics, power and automotive, which in turn is expected to have a positive impact on the industry over the forecast period.

U.S. technical ceramics market

Technical ceramics are expected to replace traditional materials to a high extent over the next eight years on account of their superior functional characteristics. In addition, these materials exhibit greater corrosion resistance, as opposed to other products such as aluminum and steel and hence, are being widely employed in the medical and automotive sectors. The growth of the automotive and medical industries in emerging economies of Asia Pacific is expected to fuel product demand over the next eight years.

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. Within North America, the U.S is a predominant market witnessing growth in terms of ceramic applications in architectural projects and fine arts. However, the region is expected to lose market share to the developing economies over the next eight years.

Various product types including zirconia, titania, alumina nitride, and silicon carbide -based materials, have their own characteristics and are employed as an economic and a high-performance substitute for numerous traditional materials such as metals, glass, and plastics. Key players in the market are expected to increase their R&D expenditure to comply with rising demand from new applications. Most companies have been trying to improve product quality at a reduced cost which in turn will propel product need over the forecast period.

The sector is governed by strict regulations for its use in the automotive, medical, machinery, and electronic & electrical industry. Additionally, various agencies including the U.S. Clean Water Act, monitor mining operations under the CWA Section 402 and 404 on account of their harmful effects on the environment. The Land Protection Branch has implemented the Surface Mining Act in Georgia where the world’s largest kaolin deposits are located. According to the act, only a certain amount of mining activities can be conducted per year. Environmental sustainability is the key aim of these product manufacturers.

Securing an inexpensive fuel supply in a volatile natural gas market is an important criterion for a company’s sustainability and competitiveness in this industry. On account of the unpredictable nature of natural gas prices, smaller companies primarily focus on looking into alternative fuel options or alternative technologies to manufacture these products.

Application insights

In 2015, electronic devices were the largest application segment accounting for over USD 16 billion of the market. The product offers superior thermal and chemical properties which have led to its use in numerous application in the electronics industry such as core materials, circuit carriers, and ceramic substrates.

Bioceramics accounted for above 2% of the global revenue in 2015. These products are widely employed in the manufacturing of dental as well as medical implants. In addition, they are employed in the replacement of hard tissue such as teeth and bones. They are also used in the production of kidney dialysis machines, pacemakers, and respirators. Large healthcare base in Europe is expected to fuel product demand over the forecast period.

Material Insights

Alumina accounted for over 35% of the global industry revenues in 2015. Increasing use of alumina in end-use sectors such as machinery, automotive, and electrical & electronics on account of superior weathering and corrosion resistance properties is expected to fuel industry growth over the next eight years.

The titanate ceramics segment in terms of revenue was valued at USD 13.29 billion in 2015. Titanates are well known for the production of the high-quality materials, including potassium titanate and sodium titanate, which are used as friction modifiers in brake pads and linings. The titanates market is led by the U.S. due to its high consumption capacity.

Product Insights

Ceramic matrix composites (CMR) will be the fastest growing product segment at a CAGR of over 13% from 2016 to 2024. They are primarily employed in the automotive and machinery industries and space related applications such as heat resistant tiles. These products are also used in the manufacturing of transport equipment for space shuttles on account of their hardness properties and longer life span. Furthermore, these products are employed in the production of sports equipment such as golf clubs.

Global technical ceramics market

The monolithic ceramics segment was valued at USD 48.06 billion in 2015. Some of the major types are zirconium, silicon nitride, zirconium carbide, aluminum nitride, zirconium oxide, aluminous oxide, and silicon carbide. These materials offer very specific properties favorable to industrial use like durability, reliability, wear and high temperature resistant.

These products are used in verity of applications like electronics and electrical, power automotive, aerospace, defense, medical and transportation. In the power generation industry, monolithic products are mainly used in the manufacture of turbine blades and engine components for the machinery units.

End-use Insights

The medical sector is another growing end-use sector for the product as they are effectively employed in orthopedics to increase the quality of life with implant components for artificial hip joints and knee replacements. These products are also employed in medical devices and equipment such as lithotripters, ultrasonic cleaners, and dental products.

These products can withstand mechanical stresses and high temperatures in applications such as energy generation in turbines and power plant engines. In addition, they are used in systems for solar thermal energy conversion and in photovoltaic, water and wind power plants. The product ensures efficient use of resources in energy supply and distribution from both renewable and conventional sources.

Regional Insights

Asia Pacific contributed 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 product demand 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 market. The U.S is the largest market witnessing growth in terms of product use in the environmental and medical sectors in the region. However, this region is expected to lose share to the developing economies over the forecast period.

Technical Ceramics Market Share Insights

The 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.

Few players present in the market include Kyocera Corporation, CeramTec GmbH, Morgan Advanced Materials, McDanel Advanced Ceramic Technologies, and Saint-Gobain Ceramic Materials. In March 2016, CoorsTek announced its investments of USD 120.0 million to create a new Center for Technical Materials in Golden, Colorado. This investment will support rapid development of new materials, helping CoorsTek technology and manufacturing customers solve various challenges.

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 technical ceramic market report on the basis of material, product, application, end-use and region:

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

    • Alumina

    • Titanate

    • Zirconate

    • Ferrite

    • Others

  • 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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