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Advanced Ceramics Market Size, Global Opportunities, Share, Growth, Industry Trends to 2028

The global advanced ceramics market size is projected to reach USD 1, 80,463.4 million by 2028. Fortune Business Insights™ presented this information in a new report, titled, “Advanced Ceramics Market, 2021-2028.” The report further mentions that the market stood at USD 82,972.9 million in 2020. It will exhibit a CAGR of 10.2% during the forecast period between 2021-2028. The ongoing technological advancements and rising demand for modern consumer electronic appliances are expected to propel the


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Ashwini Bhamare

7 months ago | 4 min read
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The global advanced
ceramics market 
size is projected to reach USD 1, 80,463.4 million by
2028. 
Fortune
Business Insights™
 presented this information in a new
report, titled, “
Advanced
Ceramics Market, 2021-2028
.” The report further mentions that
the market stood at 
USD
82,972.9 million
 in 2020. It will exhibit a CAGR of 10.2% during the
forecast period between 2021-2028. The ongoing technological advancements and
rising demand for modern consumer electronic appliances are expected to propel
the need for electro ceramics. Advanced ceramics is extensively used in such
products because of their possession of multiple beneficial properties, such as
compressive strength.



Report Coverage-



The research report of the advanced ceramics industry offers a
comprehensive analysis of existing companies that can affect the market outlook
throughout the forthcoming years. In addition to that, it provides an accurate
assessment by highlighting data on multiple aspects that may contain growth
drivers, opportunities, trends, and hindrances. It also represents the overall
market size from a global perspective by analysing historical data and
qualitative insights.



Competitive Landscape-



Key Companies Aim to Participate in Acquisition Strategy to
Compete with Their Rivals



The market houses several prominent manufacturers that are
focusing on various organic and inorganic strategies to compete with their
rivals. Among them, acquisition is the most significant strategy. International
Syalons, for instance, is a leading producer of silicon nitride and
sialon-based ceramics. It often participates in mergers and acquisitions to
broaden its footprints and generate more sales.



A list of reputed advanced ceramics providers operating in the
global 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



Kyocera Corporation Acquires 100% Shares of H.C. Starck Ceramics
GmbH



In February 2019, Kyocera Corporation, a multinational ceramics
and electronics manufacturer based in Japan, announced that Kyocera
Fineceramics GmbH, its Germany-based European headquarters signed an agreement
to acquire 100% shares of H.C. Starck Ceramics GmbH. This acquisition will help
Kyocera to introduce its state-of-the-art fine ceramic manufacturing assets,
innovative technologies, and production lineup in Europe. Such initiatives by
prominent companies are likely to surge the demand for advanced ceramics
worldwide.



Shutdown of Manufacturing Plants amid COVID-19 Pandemic May Impact
Growth



Numerous companies in the U.S. and other countries have closed
their manufacturing plants temporarily amid the COVID-19 pandemic. It has also
disturbed supply networks in developing economies, such as India and China.
 Also, electronics and automotive sectors showcased a decline in revenues
backed by work-from-home norms. But, regulatory bodies are striving to bring
everything back to normalcy by encouraging companies to start production. It
would help in surging the demand for advanced ceramics in the next couple of
years.



Browse Complete Report Summary@ https://www.fortunebusinessinsights.com/advanced-ceramics-market-105073



Drivers & Restraints-



Rising Usage in Making Implant Abutments and Artificial Bones to
Propel Growth



Advanced ceramics are gaining more importance in the medical
industry. The product has excellent aesthetic, physical, and biological
properties. Therefore, it is extensively utilized for making endosseous implants,
artificial bones, and implant abutments. The industry is also anticipated to
use zirconia ceramics. These factors are set to accelerate the advanced
ceramics market growth in the forthcoming years. However, the production
process of this ceramic involves high cost spending as it includes inspection,
diamond grinding, sintering, forming, and raw material processing. It may
hinder growth.



Segments-



Transportation Segment Generated 21.2% Share in China in
2020: Fortune Business Insights™



Based on the material, the market is divided into alumina,
zirconia, titanate, silicon carbide, silicon nitride, and others. Below is a
brief note on the end-use criterion:




  • By End-use: The market is
    categorized into electrical & electronics, transportation, medical,
    chemical, and others. Out of these, the transportation segment held 
    2% in terms of the
    China advanced ceramics market share in 2020. This growth is attributable
    to the rising usage of the product in aerospace engines and electric water
    pumps. On the other hand, the medical segment earned 
    18.0% in 2020 on
    account of the high demand for biodegradable splints and other similar
    products.



Regional Insights-



Increasing Usage of Titanate in Automotive Industry to Propel
Growth in Asia Pacific




  • Asia Pacific: The region
    held 
    USD
    30,783.0 million
     in terms of revenue in 2020. It is
    expected to remain at the forefront on account of the high demand for the
    product from the medical industry. Besides, increasing usage of titanate
    in the automotive industry, especially in China, is set to aid growth.

  • North America: The increasing
    shift of manufacturers towards this ceramic over plastic or other metals
    is anticipated to help the region remain in the second position.
    Additionally, the rising production of electronic devices and electrical
    equipment in the region would boost growth.

  • Europe: The presence of
    a well-established automotive industry in the region is set to augment
    growth in the forecast period. Coupled with this, the urgent need to
    reduce emissions in the atmosphere would also result in the rising
    adoption of electric vehicles in the region.



 



 







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