Global Advanced Ceramics Market Is Estimated To
Witness High Growth Owing To Increasing Demand from the Electronics and
Automotive Industries

The
global advanced ceramics market is estimated to be valued at US$80,442.64
million in 2021 and is expected to exhibit a CAGR of 6.72% over the forecast
period 2022-2030, as highlighted in a new report published by Coherent Market
Insights.



Market Overview:

Advanced ceramics, also known as technical ceramics, are a class of materials
with superior mechanical, thermal, and electrical properties. These ceramics
are used in various industries such as electronics, automotive, healthcare,
aerospace, and defense, among others. The increasing demand for advanced
ceramics can be attributed to their excellent performance characteristics and
versatility in high-demand applications.



Market Dynamics:

The market for advanced ceramics is primarily driven by the growing demand from
the electronics and automotive industries. In the electronics industry,
advanced ceramics are extensively used in the manufacturing of semiconductors,
capacitors, and sensors due to their excellent electrical and thermal
properties. The increasing use of advanced ceramics in electronic devices, such
as smartphones, laptops, and wearables, is driving the market growth.



Another driver for the market is the growing demand for advanced ceramics in
the automotive industry. Advanced ceramics are used in the manufacturing of
components such as engine parts, exhaust systems, electronic modules, and
sensors, among others. The use of advanced ceramics in the automotive industry
helps to improve fuel efficiency, reduce emissions, and enhance overall performance
and durability.



Segment Analysis:

The market for advanced ceramics can be segmented based on material type,
application, and end-use industry. Based on material type, the market can be
further divided into alumina ceramics, titanate ceramics, zirconia ceramics,
silicon nitride ceramics, and others. Among these, alumina ceramics dominate
the market due to their excellent mechanical and electrical properties.



PEST Analysis:

Political: The political stability of a country plays a crucial role in the
growth of the advanced ceramics market. Government policies and regulations
regarding the manufacturing and use of advanced ceramics can significantly
impact the market.



Economic: The economic conditions of a country, such as GDP growth, inflation
rates, and disposable income, can influence the demand for advanced ceramics.
The growth of end-use industries also impacts the market.



Social: The increasing awareness about environmental sustainability and energy
efficiency is driving the demand for advanced ceramics. Moreover, the growing
adoption of electric vehicles is also creating opportunities for the market.



Technological: Advancements in material science and manufacturing technologies
are driving innovation in the advanced ceramics market. The development of new
and improved ceramic materials with enhanced properties is expected to boost
market growth.



Key Takeaways:

- The global Advanced
Ceramics Market Growth is expected to witness high growth, exhibiting a
CAGR of 6.72% over the forecast period, due to increasing demand from the
electronics and automotive industries.

- Asia Pacific is the fastest-growing and dominating region in the market,
driven by the rapid industrialization and strong presence of electronics and
automotive manufacturing in countries like China, Japan, and South Korea.

- Key players operating in the global advanced ceramics market include 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.



In conclusion, the global advanced ceramics market is poised to experience
significant growth in the coming years, driven by the increasing demand from
the electronics and automotive industries. The market offers immense
opportunities for key players to innovate and develop advanced ceramic
materials with improved properties to cater to the evolving industry needs.