Advanced Ceramic Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : Chemical and Material

The global Advanced Ceramic market size is expected to be worth around US$ 130.1 billion by 2027, according to a new report by Vision Research Reports.

The global Advanced Ceramic market size was valued at US$ 96.0 billion in 2019 and is anticipated to grow at a CAGR of 3.6% during forecast period 2020 to 2027.

Growth Factors

The rapidly expanding electrical & electronics industry is expected to augment market growth over the forecast period. Moreover, heavy investments in and (EVs) industries will boost market growth. Unlike traditional ceramics that are made of clay, advanced ceramics are composited by borides, oxides, nitrides, carbides, and others giving the leverage of controlling the chemical composition, crystal structure, and grain size precisely.

The emergence of COVID-19 in the first quarter of FY 2020 had major implications on the market growth owing to suspension in manufacturing operations across major end-use industries, including electronics, automotive, and industrial. In addition, the supply trade was majorly disrupted owing to lockdown. Despite the negative impact of the pandemic on the market growth, the product demand is expected to increase with the surge in investments in the renewable energy sector. Advanced ceramics, owing to their properties, are gaining prominence in the energy sector for producing equipment that requires high-temperature resistance.

Furthermore, the product demand is on the rise from diagnostic equipment applications, which are witnessing rapid demand amid the COVID-19 pandemic. Electrical and electronics was the largest end-use segment in 2019. Advanced ceramics have numerous applications in this segment, in products such as ceramic substrates, circuit carriers, and core materials. Rising demand for high-power electronics from the automotive, optoelectronics, aerospace, and other major industries is expected to drive market growth over the forecast period.

Report Highlights

Alumina dominated the market and accounted for the largest share of more than 33.0% in 2019. The segment is expected to maintain its dominance over the forecast period. These materials possess excellent properties, which make them applicable to wear, structural, and corrosive environments. These are extensively used in semiconductor equipment, wafer transfer parts, and heat resistant & electrical insulation parts.

Zirconate is one of the vital materials as it offers dielectric and ferroelectric properties, which drive its demand in the electronics industry. Moreover, its ability to endure mechanical stress along with high electrical voltage makes it applicable in actuators, ultrasound transducers, FRAM chips, and capacitors.

Ferrites have gained prominence owing to their magnetic properties, low cost, and easy availability. The segment is expected to register a growth rate of 3.4% over the forecast period. These are used in making magnetic ceramics that find application in transformers, telecommunications, and information recording devices.

Electronic devices emerged as the largest application segment, accounting for a share of more than 46% in 2019. Increasing technological advancements in the electronics and automotive industry are propelling the demand for sensors, which is a positive sign for the market growth. Electrical equipment is the second-largest segment. Advanced ceramics are used from insulators & resistors to semiconductors & sensors owing to their electrical properties.

Electrical & electronics was the largest segment in 2019 and accounted for a share of more than 55%. The product is prominently used in the industry in various applications, such as power electronics, electronic sensors, and wafer production. Rising demand for electrical equipment and electronic devices are expected to augment the segment growth over the forecast period. However, the segment is expected to witness a sluggish growth for a couple of years due to the COVID-19 pandemic.

Automotive accounted for a significant market share in 2019 and will expand further at a steady CAGR from 2020 to 2027, due to extensive product usage in electric water pumps that are used for controlling the temperature of engine and battery components for ensuring longevity and efficiency. Growth in the Electric Vehicles (EVs) industry is anticipated to propel the automotive end-use segment growth during the forecast period.

Monolithic held the highest share of over 77.0% in 2019 and this trend is anticipated to continue over the forecast period. However, the ceramic matrix composites segment is expected to register the fastest CAGR during the forecast period. Properties of ceramic matrix composites, such as high-temperature resistance and toughness, are propelling their demand across a wide range of applications.

Ceramic matrix composites find used in applications that require lightweight components and the ability to resist high temperatures such as in the energy industry. The renewable energy industry is gaining prominence worldwide owing to an increasing emphasis on sustainability. Ceramic matrix composites are used in making components such as turbine blades and vanes. Thus, increasing installation capacity in the wind energy sector is expected to prove fruitful for the product demand in the coming years.

Asia Pacific dominated the global market and accounted for a share of more than 39.0% in 2019. The growth in the region is driven by increasing investments in the manufacturing sector of the developing economies, such as China, Japan, India, and Southeast Asian countries. The electronics sector of the region is expected to have significant growth, as key companies are looking forward to establishing their plants in these countries on account of the easy availability of low-cost raw material and labor.

Key Players

  • 3M

  • CeramTec GmbH

  • Elan Technology

  • Oerlikon Surface Solutions AG

  • Ortech Inc.

  • Morgan Advanced Materials PLC

  • CoorsTek, Inc.

  • Kyocera Industrial Ceramics Corp.

  • Murata Manufacturing Co. Ltd.

  • Saint-Gobain

Market Segmentation

  • Material Outlook 

    • Alumina

    • Titanate

    • Zirconate

    • Ferrite

    • Aluminum Nitride

    • Silicon Carbide

    • Silicon Nitride

  • Product Outlook

    • Monolithic

    • Ceramic Coatings

    • Ceramic Matrix Composites

  • Application Outlook

    • Electrical Equipment

    • Catalyst Support

    • Electronic Devices

    • Wear Parts

    • Engine Parts

    • Filters

    • Bioceramics

    • Others

  • End-use Outlook 

    • Electrical & Electronics

    • Automotive

    • Machinery

    • Environmental

    • Medical

    • Others

  • Regional Outlook 

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

The Advanced Ceramic 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 market for the base year 2019 and the forecast between 2020 and 2027. 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 market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Advanced Ceramic 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 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 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 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 market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. 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 market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Advanced Ceramic 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 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.

The Advanced Ceramic 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 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 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 market. These factors have benefited the growth of the global market for Advanced Ceramic. 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. 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 are as follows:

  • Historic Year: 2016-2019
  • Base Year: 2020
  • Forecast Year 2020 to 2027

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

Research Methodology:

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.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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