The According to a market research report, the Advanced Ceramics Market by Material (Alumina, Zirconia, Titanate, Silicon Carbide), Application, End-Use Industry (Electrical & Electronics, Transportation, Medical, Defense & Security, Environmental, Chemical) and Region – Global Forecast to 2028″, size is projected to reach USD 15.1 billion by 2028 from USD 11.2 billion in 2023, at a CAGR of 6.1% during the forecast period. The market growth is driven by the growing demand for these ceramics in medical and electronics industries and the suitability of advanced ceramics in a wide range of industrial applications. However, its higher costs than other metals & alloys and high customization requirement for end-use applications may restrain the market growth.
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The major players in advanced ceramics market include Kyocera Corporation (Japan), Saint-Gobain Ceramic Materials (US), Ceram Tec (US), CoorsTek (US), Morgan Advanced Materials (UK), and 3M (US) are some of the key players in the advanced ceramics market. Growing demand for advanced ceramics and the increasing demand for electronics in the emerging economies, such as China & India, are driving the market. These players have adopted various strategies such as mergers & acquisitions, new product launches, and investment & expansion to strengthen their market position.
Recent Developments in Advanced Ceramics Market Industry
- In April 2022, Kyocera reached an agreement to acquire about 37 acres of land for a new smart factory at the Minami Shaaya Industrial Park in Ishayu City, Nagasaki Prefecture. Kyocera is designing this new factory for fine ceramic components production, set to start operating in 2026, in order to meet the growing demand in the electronics industry and advanced semiconductor technology.
- In May 2022, Ceram Tec developed a new product under the name AlN HP. It is a high-performance substrate made of aluminum nitride. The newly launched AlN HP substrate offers 40 percent more flexural strength than the previous generation of AlN substrates.
- In March 2022, Ceram Tec expanded its non-oxide ceramic portfolio by launching LKT 100 ceramic. The newly developed material offers high efficiency, excellent wear resistance, and high notch sensitivity.
- In October 2021, Kyocera Corporation announced an investment of USD 97 million to build two additional production facilities at its Kokubu Plant Campus in Kagoshima, Japan. The area of one factory will be 5,174 m2, and another will be 6,996m2.
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Kyocera Corporation is a multinational electronics and ceramics manufacturer based in Kyoto, Japan. The company has structured its operations into distinct business segments. These segments include core components business (Industrial & automotive components, semiconductor components), electronic components business and solutions business. The company offers advanced ceramics through its Industrial & automotive components segment. The industrial & automotive components segment is further sub-segmented into fine ceramic components, automotive components and optical components. The fine ceramic components sub-segment is involved in the production of various components using a diverse range of ceramic materials, including alumina, zirconia, and silicon nitride. . Kyocera has offices in many regions around the world, including the Americas, Europe, Asia, and Oceania.
CeramTec offers advanced ceramics through medical and industrial segments. The medical segment offers ceramic components for orthopedics, dentistry, veterinary medicine and medical equipment. Additionally, the industrial segment focuses on the development and manufacturing of components for automotive, defense, electronics, and industrial machinery manufacturing. CeramTech’s
Morgan Advanced Materials is a global engineering company that specializes in manufacturing specialist products using carbon, advanced ceramics, and composites. The company’s products are utilized in various industries such as metal processing, petrochemicals, cement, ceramics, and glass, where they play a crucial role in high-temperature industrial processes. The company operates through two business segments: Thermal products and Carbon and Technical Ceramics. Thermal products further sub segmented into Thermal Ceramics and Molten Metal Systems. Carbon and Technical Ceramics is segmented into Electrical Carbon, Seals & Bearings and Technical Ceramics. The company offers advanced ceramics through its carbon and technical ceramics business segment.
Saint-Gobain Performance Ceramics & Refractories is a leading company in the design, development, and production of engineered ceramics and refractory products for various industries. It offers products under two product categories: engineered ceramics solutions and refractory solutions. Advanced ceramics are offered under the engineered ceramic solutions product category. The portfolio for advanced ceramics manufactured by the company includes silicon carbide, aluminum oxide, silicon nitride, and chromium oxide used in a wide range of end-use industries. Saint-Gobain Performance Ceramics & Refractories offers a wide range of ceramic products for various industries, including composite armor systems, abrasives and grinding media, diesel particle filters and gas particle filters. The company operates through 11 industrial sites in Europe, Asia Pacific, North America, and the Middle East & Africa.
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