PUBLISHER: Market Research Future | PRODUCT CODE: 1555575
PUBLISHER: Market Research Future | PRODUCT CODE: 1555575
Global Advanced & Industrial Ceramics Market Research Report Information By Type (Oxide Ceramics[Alumina, Zirconia, Silica, Others], Non-Oxide Ceramics[Carbides, Nitrides, Others], Composite Ceramics[Metal Matrix Composites, Ceramic Matrix Composites], Glass Ceramics, Others) By Application (Pipes & Tubes, Insulators, Medical Implants , Coatings, Others), By End Use Industry (Medical, Consumer Goods, Electrical & Electronics, Automotive, Others) and By Region(North America, Europe, Asia-Pacific, South America, Middle East & Africa) - Forecast to 2032
In 2023, the advanced and industrial ceramics market size was estimated to be worth USD 13,521.0 million. Over the projection period (2024 - 2032), the Advanced & Industrial Ceramics industry is expected to develop at a compound annual growth rate (CAGR) of 15.3%, from USD 15,789.2 million in 2024 to USD 49,231.0 million by 2032. The market for industrial and advanced ceramics is driven by several factors that support the growing demand for these products across various industries. Superior thermal, mechanical, chemical, and electrical qualities of advanced and industrial ceramics make them an ideal material for use in a variety of industries, including healthcare, electronics, and the automotive sector. These ceramics also retain their qualities at high temperatures, and because of their resilience, which guarantees dependability and endurance, they help to save maintenance costs.
The application of sophisticated and industrial ceramics, which provide several benefits like improved performance, efficiency, and sustainability, is fundamentally changing the global automotive sector. Numerous kinds of ceramic materials are used to create a wide range of car parts. Advanced ceramics, such alumina and zirconia, are utilized in parts like catalytic converters. By acting as a support for catalysts, these ceramics offer a stable environment for catalytic reactions that transform toxic gasses, like carbon monoxide and nitrogen oxides, into less toxic compounds, including nitrogen and carbon dioxide. The ceramics are ideal for these kinds of applications because of their high surface area and thermal stability, which also allow them to tolerate corrosive conditions and high exhaust system temperatures while guaranteeing effective emission control. Furthermore, because of their superior wear resistance, high temperature resistance, and low thermal expansion-properties that enable them to withstand harsh conditions in combustion chambers-advanced ceramics are used in engine components, including cylinder liners and engine valves. High performance ceramics can be used in place of conventional metal parts to further improve engine efficiency and minimize fuel consumption, emissions, and lengthen engine life.
Insights on Market Segments
Based on type, oxide ceramics, non-oxide ceramics, composite ceramics, glass ceramics, and others make up the Advanced & Industrial Ceramics Market segmentation.
The market is divided into segments based on applications, including coatings, medical implants, insulators, pipes and tubes, and others.
Based on End Use Industry, the market has been divided into several segments, including automotive, consumer goods, medical, and electrical and electronics.
Regional Perspectives
Region: North America, Europe, Asia-Pacific, Middle East & Africa, South America make up the Advanced & Industrial Ceramics market. In addition to having the largest market share, the Asia-Pacific Advanced & Industrial Ceramics market is anticipated to generate a sizable portion of revenue over the course of the projected period. In the upcoming years, the advanced and industrial ceramics market is anticipated to grow at the fastest rate in the Asia Pacific region. Numerous reasons, such as the growing need for high-performance materials across a range of end-use sectors, the abundance of ceramics producers, and the growing use of advanced ceramics in renewable energy applications, are propelling the expansion of this market. The growing need for advanced ceramics in the automotive sector is one of the main drivers propelling the market's expansion in the Asia Pacific area.
Elan Technology, Kyocera, CeramTec GmbH, 3M, Coorstek Inc., Saint-Gobain, Morgan Advanced Materials, Anderman Industrial Ceramics, Rauschert GmbH, CM Cera, and Corning Incorporated are the major companies in the Advanced & Industrial Ceramics Market.