Advanced ceramics offer properties like high temperature resistance, corrosion resistance, and machinability which makes them suitable for a variety of industrial applications. They are widely used in electronics, electrical, transportation, medical, defense and other industries. Products made from advanced ceramics exhibit high hardness, strength and durability. These ceramics can operate at very high temperatures and pressures and are resistant to wear and chemical corrosion. The global Advanced Ceramics Market is estimated to be valued at US$ 91617.4 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Growth in the advanced ceramics market is primarily driven by increasing demand from the electrical and electronics industry. Advanced ceramics are used to manufacture products like insulators, semiconductors, and capacitors among others that find wide application in printed circuit boards, integrated circuits and electrical equipment. Their properties like high electrical resistivity and thermal conductivity make them suitable for such applications. Rising consumption of consumer electronics along with miniaturization of devices is expected to boost advanced ceramics demand from this industry. increased industrial automation further necessitates usage of advanced ceramics in sensors and other electronic components used in machinery. The aerospace industry is another major end user where advanced ceramics find application in aircraft engine components due to their ability to withstand high temperatures and pressures. Their light weight as compared to metals also increases fuel efficiency of aircrafts.

Segment Analysis

The global advanced ceramics market can be segmented into monolithic ceramics, ceramic coatings, and ceramic matrix composites. The monolithic ceramics segment dominates the market and accounts for over 50% share of the global revenue. This is because monolithic ceramics have widespread application in electrical and electronic equipment, medical devices, automotive parts due to their high strength, hardness, corrosion and heat resistance.

Key Takeaways

The Global Advanced Ceramics Market Size is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis - Asia Pacific dominates the global advanced ceramics market and is expected to grow at the fastest rate owing to rapid industrialization and growth of end use industries such as medical devices, automotive, electronics in the region. China and India are the major countries contributing to the market growth.

Key players operating in the advanced ceramics market are 3M (Ceradyne Inc.), AGC Inc., Applied Ceramics, Blasch Precision Ceramics Inc., Ceramtec, COI Ceramics Inc., Coorstek Inc., Corning Incorporated, International Ceramics Inc., Kyocera Corporation, MARUWA Co. Ltd, Materion Corporation, McDanel Advanced Ceramic Technologies, Morgan Advanced Materials, Murata Manufacturing Co. Ltd, Rauschert GmbH, Saint-Gobain, Small Precision Tools Inc., Vesuvius, and Wonik QnC Corporation.

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