Advanced Ceramics Market Global Industry Overview and Competitive Landscape till 2032
Leading market players are expected to introduce innovative products with unique material properties while limiting their lifetime operational costs, to maintain a competitive edge. The demand for advanced ceramics remains significant in healthcare and medical equipment industries, while transportation, chemical, and defense & military are becoming significantly important end-use industries in the advanced ceramics market.
Traditional ceramics were known to have wide-ranging applications, however their downsides and limitations gave rise to the development of advanced ceramics. Like their traditional counterparts, advanced ceramics are also used across a variety of applications, and manufacturers are further modifying their properties to suit more specific needs of end users.
Advanced Ceramics Market: Competitive Landscape
CoorsTek
Kyocera Corp
Corning IncMorgan Advanced Materials
Murata Manufacturing Co. Ltd
Ceram Tec.
Ceradyne Inc.
In May 2019, Kyocera Corporation – a Japanese multinational ceramics and electronics manufacturer headquartered in Kyoto, Japan – announced that the advanced ceramics business operations of Friatec GmbH – a German manufacturer of connection technology – will be acquired by Kyocera’s Germany-based European headquarters, Kyocera Fineceramics GmbH.
A month prior to this acquisition, the company also took over H.C. Starck Ceramics GmbH (now: Kyocera Fineceramics Precision GmbH), a German company specializing in non-oxide fine ceramic components, and this way, Kyocera is aiming to strategically position the company in European markets to cater to the increasing demand for advanced ceramic components in the region.
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Advanced Ceramics Market: Segment Analysis
The advanced ceramics market can be segmented on the basis of the following:
By Cl****
Ceramic Coatings
Monolithic Ceramics
Ceramic Matrix Composites
Others (Multilayer ceramics, advanced coatings)
By Material
Silicon Carbide Ceramics
Alumina Ceramics
Zirconia Ceramics
Titanate Ceramics
Others (Aluminum Nitride, Magnesium Silicate, Silicon Nitride, Pyrolytic Boron Nitride)
By End-use industry:
Medical
Transportation
Electrical & Electronics
Defense & Security
Chemical
Environmental
Others (Mining, Marine, Textile)
Advanced Ceramics Market: Region-wise Analysis
The global market for advanced ceramics is geographically segmented into seven regions, North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.
Geographically, Asia Pacific region is expected to account for a significant value share of the global market for advanced ceramics, especially with the increasing presence of market giants in the region. Asia Pacific region, followed by North America and Latin America will witness incremental growth, creating new opportunities for advanced ceramic businesses in the coming years.
China, Japan, and India are among the countries that may create more lucrative opportunities for market players, attributing to the rapid growth of end-use industries such as electronics and medical equipment industries, in these countries.
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