Advanced Ceramics Market Size, Share & COVID-19 Impact Analysis, By Material (Alumina Zirconia, Titanate, Silicon Carbide, Silicon Nitride, and Others), End-Use (Electrical & Electronics, Transportation, Medical, Chemical, and Others), and Regional Forecast, 2021-2028

The global advanced ceramics market size was USD 82,972.9 million in 2020 and is projected to reach USD 1,80,463.4 million by 2028, exhibiting a significant CAGR of 10.2% during the forecast period. Advanced ceramics are referred to as high-tech ceramics, technical ceramics, high-performance ceramics, and engineered ceramics. Technologies such as hydraulic pressing, injection molding, isostatic pressing, tape casting, and pressure casting are used to provide better-quality ceramics products.

The property spectrum of ceramics ranges from heat, wear, temperature, and corrosion resistance to food compatibility and biocompatibility. These ceramics are also categorized into monolithic ceramics, ceramic matrix composites, and ceramic coatings based on the product type. Most of the ceramics are monolithic, i.e., composed of a single chemical compound. The rising consumption of ceramics in the medical industry, coupled with the increasing product adoption as a substitute for metals and plastics in the automotive industry, will boost the market growth during the review period.       

Disruption in Electronic and Automotive Industries as a Result of COVID-19 to Decline Demand

The automotive and electronic industries have been severely affected by the COVID-19 pandemic. Regulations by governments across the globe have restricted the movement of man and material. It has impacted the overall production of automotive products and caused shipment delays for the manufacturing of electronics. In addition, the pandemic resulted in the closure of manufacturing plants in the U.S. and disruption in the entire supply chain across China and India. The automotive and electronic industries underwent a demand shock and a decline in revenue owing to shelter-in-place regulations. However, as governments in these countries are taking initiatives to normalize the working of their industries, the market is anticipated to regularize in the next couple of years.

ADVANCED CERAMICS MARKET TRENDS

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Rising Demand for Electroceramics is a Prominent Trend in the Global Market

The rising demand for ceramics from the field of electroceramics will propel the market growth during the forecast timeline. Electroceramics are the subclass of advanced ceramics that are used in applications ranging from simple insulating materials to complex ferroelectrics. The product offers resistance to high temperatures and pressures, compressive strength, and greater wear resistance properties. Moreover, the growing demand for modern consumer electronic appliances and ongoing advancements in electronics technologies are expected to boost the demand for electroceramics. This led various manufacturers to focus more on electroceramics-based products and come up with innovative characteristics for their offerings. For instance, in February 2017, CeramTec acquired the U.K. electroceramics business from Morgan Advanced Materials. Hence, these factors will boost the demand for electroceramics and will flourish the advanced ceramics market growth.

ADVANCED CERAMICS MARKET GROWTH FACTORS

Increasing Demand for Advanced Ceramics from Automotive and Medical Industries to Boost Growth

The rising demand for the product from the automotive and medical industries will contribute to boosting the key market growth. In the automotive industry, the high consumption of the product can be seen in battery components owing to their thermal and electrical properties. In the medical industry, zirconia ceramics are highly utilized. The growth is driven by its advantageous biological, physical, and aesthetic properties. Therefore, it will showcase a surging demand for implant abutments, artificial bones, and endosseous implants. Hence, the increasing product demand in these industries will fuel the market growth during the review period.

RESTRAINING FACTORS

 High Prices of Advanced Ceramics to Hamper Growth

The price of these ceramics is high when compared with metal and alloy. The high prices are due to their expensive production method, which includes raw material processing, forming process, sintering, diamond grinding, and inspection. This method requires different machinery and expensive stones that raise the product cost, which further increases the overall price of the product. This restricts the product demand in various industries such as electronics, automotive, and chemicals and is anticipated to hamper the market growth during the forecast timeline.

ADVANCED CERAMICS MARKET SEGMENTATION ANALYSIS

By Material Analysis

Alumina Segment to Hold Largest Share during the Forecast Period

On the basis of material, the market is segmented into alumina, zirconia, titanate, silicon carbide, silicon nitride, and others. Alumina is the leading segment and accounted for the largest market share in 2020. It is available at the lowest cost and offers high performance. Therefore, it is produced in large quantities. Alumina ceramics are highly adopted for finishing and roughing applications of cast and gray iron. On the other hand, zirconia is the second leading segment in the global market. The product finds major usage in the electrical & electronics industry owing to its dielectric and ferroelectric properties.

Titanate has gained prominence owing to its increasing use as a spacer segment between catalyst substrates and claddings of port liners in the automotive industry. Silicon carbide ceramic finds its applications in car clutches, car brakes, as well as ceramic plates in bulletproof vests. The demand for silicon nitride ceramic is attributed to its excellent mechanical properties. This would increase their adoption in industrial wear, molten metal handling, chemicals, metal forming, and oil & gas industries.

By End-Use Analysis

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The Electrical & Electronics Industry is the Dominating End-use Segment in the Market

Based on the end-use, this market is segmented into electrical & electronics, transportation, medical, chemical, and others. The electrical & electronics segment holds the largest market share and is growing at a higher rate in 2020. In this industry, these advanced type of ceramics is used as circuit carriers, ceramic substrates, and core materials. The rising technological advancement, coupled with the high demand for power electronics and electronic sensors, will fuel the segment’s growth. The transportation segment includes aerospace & defense security and automotive industries. In these industries, high product adoption can be seen in electric water pumps and aerospace engines.

The need for ceramics from the medical industry is continuously rising owing to their biocompatibility and wear resistance properties, which make them a preferred choice for use in implant materials, biodegradable splints, and artificial bones. In the chemical industry, ceramic materials such as silicon nitride and silicon carbide ceramics are widely used in inlet liners in industrial chlorinators. The demand is attributed to their excellent corrosion and thermal resistance properties.

REGIONAL ADVANCED CERAMICS MARKET ANALYSIS

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The market size in the Asia Pacific stood at USD 30,782.96 million in 2020. The growth is attributed to the increasing product demand from the medical industry. Moreover, the surging technological advancement and rising research & development activities will propel the market growth. In this region, China holds the highest market share owing to the rising adoption of titanate in the automotive industry.  

North America is the second-leading region in the global market. The growth is due to the rising demand for the product in the manufacturing of electrical equipment and electronic devices. The high demand for ceramics over metals and other plastic products will fuel the market growth in this region.

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The rapid growth in the automotive industry, coupled with the increasing adoption of electric vehicles owing to the rising CO₂ emission, will boost product use in Europe. The increasing use of alumina and zirconia in the aerospace & defense industry will drive the market growth in the Middle East & Africa. In South America, the growth is attributed to the rising use of silicon carbide and silicon nitride in industries such as chemicals and electronics.

KEY INDUSTRY PLAYERS

Acquisition to be the Key Strategy of Leading Companies

The acquisition is an important strategy employed by leading market players, including International Syalons, to maintain their positions in the market. The company is a producer and supplier of various advanced engineering ceramics such as alumina, zirconia, and silicon carbide. It is the U.K.'s leading manufacturer of sialon and silicon nitride-based advanced ceramics. The company supplies its products in the chemical & process, industrial wear, metal forming, molten metal handling, oil & gas, and thermal industries.

LIST OF KEY COMPANIES PROFILED IN ADVANCED CERAMICS MARKET:

• International Syalons (UK)


• KYOCERA Corporation (Japan)


• S&S Advance Ceramics (India)


• Advanced Ceramics Manufacturing (U.S.) 


• Nishimura Advanced Ceramics (Japan)


• CeramTec GmbH (Germany)


• CoorsTek Inc. (U.S.)


• Saint-Gobain (U.S.)


• Morgan Advanced Materials (UK)


• Technocera (India)


• Other Key Players

KEY INDUSTRY DEVELOPMENTS:

• July 2021– Morgan Advanced Materials became part of The Midlands Industrial Ceramics Group, who secured USD 25.5 million in government funding provided through UK Research and Innovation’s flagship Strength in Places Fund (SIPF), to put Midlands, England on the map as a global center for advanced ceramics. The funds will be used to create a world-leading industrial and academic research and development program over the next four years, creating a cluster of new businesses in the Midlands and strengthening the supply chain in the region.


• April 2021– CoorsTek, announced the expansion of its manufacturing footprint in Benton, Arkansas. In 2020, construction was completed on a USD 26.0 million building expansion at the Benton facility for additional manufacturing operations in the aerospace and defense markets. The expansion will amount to US$ 9.0 million in investments at the 230,000 square foot facility.


• February 2021– CoorsTek, announced the expansion of its manufacturing facility in Southeast Asia. The construction for first phase of the 400,000 sq. feet facility in the province of Rayong, Thailand began in February 2021. The opening of our facility in Thailand provides a critical production hub for the continued supply of CoorsTek high-quality engineered ceramics in Southeast Asia.

REPORT COVERAGE

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The advanced ceramics market report provides a comprehensive analysis of the market and focuses on vital aspects such as companies, materials, and end-use. Additionally, it provides insights related to market trends, industry developments, and the competitive landscape. Furthermore, the report covers various factors that have contributed to the growth of the market over recent years.

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