The global Advanced Ceramic Additives market size is expected to be worth around US$ 881.3 Million by 2030, according to a new report by Vision Research Reports.
The global Advanced Ceramic Additives market size was valued at US$ 539.1 million in 2020 and is anticipated to grow at a CAGR of 6.0% during forecast period 2021 to 2030.
|Market Size||US$ 881.3 Million by 2030|
|Growth Rate||CAGR of 6.0% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||BASF; Dow; Evonik Industries; Sanyo Chemical Industries, Ltd.; Solvay; Bentonite Performance Minerals LLC; BOZZETTO GROUP|
The market growth is attributable to the increasing utilization of advanced ceramics in producing components in various end-use industries including medical, automotive, and electronics.
Furthermore, growth in the medical industry especially post COVID-19 emergence has benefitted market growth. The rising demand for high-quality and functional safety in medical devices and equipment to meet stringent approval standards and withstand challenges in healthcare practices has augmented the need for reliable materials like advanced ceramics.
Growing usage of advanced ceramics especially in medical applications is anticipated to propel the use of additives over the forecast period. Advanced ceramic has emerged as an ideal material to produce medical devices and components. These components require higher tolerances, which can be achieved by appropriate usage of additives. Thus, growth in the medical devices industry is anticipated to prove beneficial for advanced ceramic additives demand.
By Application Analysis
Based on application, the electrical and electronics segment constituted the largest revenue share of over 56.0% in 2020. Advanced ceramics exhibit semiconducting, piezoelectric, and magnetic properties, which has propelled their application in the electrical and electronics industry.
Automotive is a key application segment of the market. Investments in this industry, especially in electric vehicles are anticipated to augment demand for advanced ceramics and benefit additives consumption over the forecast period.
By Product Analysis
The dispersants segment is anticipated to witness the highest CAGR of 5.3% over the forecast period, in terms of revenue. Dispersants aid the dispersing of powdered ceramics in solvents and help in stabilizing the slurry against sedimentation or flocculation.
Growing demand for dispersants in advanced ceramics is attributable to low overall costs and growth in end-use industries like electronics and medical. Dispersants reduce water usage and energy costs considerably, which helps in increasing production output.
Binders help the ceramic particles to bind together, which ensures high strength. They improve the mechanical strength of bodies, helping them to remain intact without any breakage before they go through the production process.
By Regional Analysis
North America dominated the advanced ceramic additives market and accounted for the largest revenue share of 36.5% in 2020. The segment is anticipated to register a CAGR of 6.1%, in terms of revenue, over the forecast period.
Corning Incorporated is a material science technology innovator that produces advanced ceramic substrates and provides precision glass to Apple Inc., for the iPhone 12 lineup. Apple Inc. has invested around USD 450 million in Corning Incorporated in the past four years to carry out innovations in its ceramic shields.
Asia Pacific accounted for a major revenue share of the market in 2020 owing to its flourishing end-use industries, CoorsTek announced the commencement of the 1st phase of an engineered ceramics production plant in Rayong, Thailand.
Bentonite Performance Minerals LLC
Electrical & Electronics
Central & South America
Middle East & Africa
The Advanced Ceramic Additives market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Advanced Ceramic Additives market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Advanced Ceramic Additives market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Advanced Ceramic Additives market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Advanced Ceramic Additives market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Advanced Ceramic Additives capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Advanced Ceramic Additives by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Advanced Ceramic Additives market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Advanced Ceramic Additives market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Advanced Ceramic Additives market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Advanced Ceramic Additives industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Advanced Ceramic Additives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Advanced Ceramic Additives market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Advanced Ceramic Additives market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Advanced Ceramic Additives market. These factors have benefited the growth of the global market for Advanced Ceramic Additives. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Advanced Ceramic Additives. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Advanced Ceramic Additives are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: