Advanced Ceramics Market Worth $133.9 Billion By 2025 | CAGR: 9.1%

March 2019 | Report Format: Electronic (PDF)

The global advanced ceramics market size is expected to reach USD 133.9 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 9.1% during the forecast period. High performing capabilities of the product, such as enhanced magnetic, optical, thermal, and electrical conductivity, and chemical inertness, is a major factor responsible for their adoption in various end-use industries, including electrical and electronics, automotive, and healthcare.

Materials such as silicon carbide, aluminum nitride, alumina, zirconia, and titania are some of the key materials used in the manufacturing of the product. The most significant products include coatings, monolithics, and ceramic matrix composites.

Advanced ceramics are mainly used in the manufacturing of electronic and electrical equipment owing to their strong electrical conductivity and high corrosive resistance. Increasing demand for consumer electronics, particularly in Asia Pacific countries such as India and China, is expected to have a positive impact on industry growth over the forecast period.

It is also utilized in applications such as armor, wear components, cutting tools, and engines. Performance and high quality are vital advantages of advanced ceramics that drive their use in numerous applications. Growth in the market has resulted from both traditional applications, such as engine parts, as well as new applications like bioceramics, which are used in body implants. Widespread utilization of the product in automotive heat engines, such as gas turbines and diesel engines, industrial heat exchangers, medical devices and implants, and electrochemical devices, is estimated to drive the industry over the forecast period.

The market is characterized by integration through raw material manufacturing, production, and distribution to various end-use industries. Integration through several stages of the value chain results in continuous supply of raw materials as well as it lowers the manufacturing cost.

Companies such as TAM Ceramics, 3M, Honeywell, and International General Electric Company are integrated market participants who are engaged in manufacturing raw material, advanced ceramics products, and distribution to various end-use industries.

 To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/advanced-ceramics-market

Further key findings from the study suggest:

  • On the basis of material, alumina dominated the market with a share of 35.2% in 2018 owing to its extreme hardness, significant strength, low heat retention, and high melting point. Titanate is predicted to exhibit the fastest CAGR of 11.0% over the forecast period owing to unique dielectric properties

  • Based on product, monolithic ceramics dominated the market with a share of 78.9% in 2018 due to their excellent durability, reliability, and high temperature resistance

  • The environmental end-use segment is predicted to witness the fastest growth, registering a CAGR of 11.6% over the forecast period. Due to surge in environmental awareness around the globe, advanced ceramics are increasingly used in water processing and renewable energy systems like photovoltaic energy conversion

  • Asia Pacific dominated the market in 2018 and is anticipated to expand at the highest CAGR of 9.9% from 2019 to 2025 owing to growing production of automotive and consumer electronics.

Grand View Research has segmented the global advanced ceramics market on the basis of material, product, application, end use, and region:

Advanced Ceramics Material Outlook (Revenue, USD Million, 2014 - 2025)

  • Alumina

  • Titanate

  • Zirconate

  • Ferrite

  • Aluminum nitride

  • Silicon carbide

  • Silicon nitride

Advanced Ceramics Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Monolithic

  • Ceramic coatings

  • Ceramic matrix composites

Advanced Ceramics Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Electrical equipment

  • Catalyst supports

  • Electronic devices

  • Wear parts

  • Engine parts

  • Filters

  • Bioceramics

  • Others

Advanced Ceramics End Use Outlook (Revenue, USD Million, 2014 - 2025)

  • Electrical & electronics

  • Automotive

  • Machinery

  • Environmental

  • Medical

  • Others

Advanced Ceramics Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • South & Central America

    • Brazil

  • Middle East and Africa

    • Saudi Arabia

Request Sample
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA