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Advanced Ceramics Market Trends

  • Report ID: GMI6137
  • Published Date: Jul 2023
  • Report Format: PDF

Advanced Ceramics Market Trends

Advanced ceramics offer exceptional electrical insulation properties, thermal conductivity, and resistance to high temperatures, making them ideal for use in the electronics & electrical industry. These materials are increasingly utilized in the production of electronic components, such as capacitors, insulators, and substrates, which are integrated into various electronic devices including smartphones, tablets, and wearables. Advanced ceramics are also employed in dental implants, joint replacements, surgical tools, and medical devices owing to their biocompatibility, wear resistance, and ability to mimic natural bone structure.
 

The growing aging population and advancements in medical technology are driving the advanced ceramics demand in the medical & healthcare sector. Various industries including automotive, aerospace, and defense rely on lightweight & high-performance materials, contributing to the rising demand for advanced ceramics. These products offer excellent strength-to-weight ratios and increased hardness, corrosion resistance, and thermal stability, making them suitable for applications requiring weight reduction and enhanced performance.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of advanced ceramics was valued at around USD 10.2 billion in 2023 and is estimated to reach USD 15.6 billion by 2032, owing to the unique properties making them ideal for various applications in the aerospace, automotive, electronics, medical devices, and energy industries.

The monolithic ceramics segment held approximately 40% of the advanced ceramics market share in 2022 as materials such as alumina & zirconia, possess high mechanical strength, excellent wear resistance, thermal stability, and good electrical insulation properties.

U.S. dominated North America advanced ceramics industry with a value of USD 4.1 billion in 2022 owing to the increasing usage in aerospace & defense sector that require lightweight materials with high strength and thermal resistance.

Kyocera Corporation, CoorsTek, Inc., Morgan Advanced Materials plc, Saint-Gobain Ceramic Materials, CeramTec GmbH, NGK Insulators Ltd., 3M Company, Corning Incorporated, Murata Manufacturing Co., Ltd., and Ferro Corporation.

Advanced Ceramics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 234
  • Countries covered: 21
  • Pages: 128
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