Specialty Advanced Ceramics Market by Type(Composite Structure Ceramics, Electrical & Electronic Functional Ceramics), Application (Defence & Security, Electronics & Semiconductor, Optics & Industrial Manufacturing), & Region - Global Forecast 2028
Specialty Advanced Ceramics Market
The global specialty advanced ceramics market is valued at USD 7.7 billion in 2023 and is projected to reach USD 10.2 billion by 2028, growing at 6.0% cagr during the forecast period. The specialty advanced ceramics market experiences robust growth driven by a multitude of influential factors. These advanced ceramics, engineered materials with exceptional properties, find applications across a diverse range of high-tech industries.
Attractive Opportunities in the Specialty Advanced Ceramics Market
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Specialty Advanced Ceramics Market Dynamics
Driver: Growing use of advanced ceramics in energy applications
The market for advanced specialty ceramics has grown due to the increasing use of advanced ceramics in energy applications like solar cells, fuel cells, and batteries. Modern ceramics provide great temperature resistance, corrosion resistance, electrical insulation, and high mechanical strengthThe growing use of advanced ceramics in energy applications is poised to be a significant driving factor for the specialty advanced ceramics market. Advanced ceramics are increasingly being employed in energy-related sectors such as renewable energy, nuclear power, and energy storage due to their exceptional thermal, electrical, and corrosion-resistant properties. In renewable energy, ceramics play a crucial role in components like turbine blades and fuel cells, enhancing energy efficiency and sustainability. Moreover, as the world transitions towards cleaner and more efficient energy sources, the demand for advanced ceramics in these applications is expected to surge, underpinning market growth.
Restraint: Complex and fragmented IP landscape
The complex and fragmented intellectual property (IP) landscape presents a significant restraining factor for the specialty advanced ceramics market. Advanced ceramics often involve intricate formulations, unique processes, and innovative applications, leading to a multitude of patents and intellectual property rights. This complexity can result in barriers to entry for new market players, as they may encounter challenges navigating the web of existing patents, leading to potential legal disputes and increased development costs. Furthermore, a fragmented IP landscape can hinder collaborative efforts and knowledge-sharing within the industry, slowing down the pace of innovation and the adoption of advanced ceramics in various applications. This intricate IP environment may limit market growth and innovation potential as companies grapple with the complexities and uncertainties associated with intellectual property rights.
Opportunities: Development of ceramic composites for radar-absorbing materials
The development of ceramic composites for radar-absorbing materials presents significant opportunities for the specialty advanced ceramics market. These innovative composites combine the inherent properties of ceramics, such as high-temperature stability and durability, with radar-absorbing materials, enabling them to absorb and dissipate electromagnetic waves effectively. As the demand for stealth technology and electronic warfare systems grows in defense and aerospace applications, these ceramic composites offer a unique solution to enhance radar-evading capabilities. This niche market segment opens doors for specialty advanced ceramics manufacturers to diversify their product offerings, cater to specific defense needs, and establish themselves as key suppliers in the defense and aerospace industries, driving growth and profitability.
Challenges: Faults due to thermal expansion
Faults arising from thermal expansion pose a challenging factor for the specialty advanced ceramics market. Advanced ceramics are known for their excellent thermal stability, but they can still be susceptible to thermal stresses and fractures when exposed to rapid temperature changes. The coefficient of thermal expansion (CTE) mismatch between ceramics and other materials, such as metals, can lead to cracking and delamination in composite structures. Overcoming these challenges requires precise engineering, sophisticated design, and often the development of specialized coatings or joining techniques to mitigate the impact of thermal expansion mismatches. These complexities can increase production costs and limit the application of advanced ceramics in environments with extreme temperature variations, presenting a significant hurdle for their widespread adoption and market growth.
Speciality Advanced Ceramics Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of wet room waterproofing solutions. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include Materion Corporation (US), Morgan Advanced Materials (UK), Kyocera Corporation (Japan), Ceramtec GMBH (Germany), Coorstek INC (US).
Based on material, titanate ceramics is projected to account for the second largest share of the Speciality advanced ceramics market
Titanate ceramics represent a distinctive category within the specialty advanced ceramics market due to their remarkable properties and specialized applications. Composed primarily of titanium and oxygen, these ceramics possess exceptional piezoelectric properties, making them invaluable in specific industries and applications. Titanate ceramics excel at converting mechanical stress into electrical voltage and vice versa, a feature that finds extensive use in the production of piezoelectric transducers.
Based on type, electric and electronic functional ceramics is projected to account for the second largest share of the Speciality advanced ceramics market
The electronics and electrical functional ceramics market occupies a critical position within the realm of advanced ceramics, focusing on ceramics engineered for their specialized electrical and electronic properties. This market is propelled by several key driving factors, chief among them being the relentless trend toward miniaturization and integration in electronic devices. With consumer and industrial electronics continually shrinking in size, there is a growing demand for ceramics possessing exceptional electrical characteristics like high dielectric constants and piezoelectricity.
Based on application, aerospace and defence security is projected to account for the second largest share of the Speciality advanced ceramics market
Specialty advanced ceramics are indispensable in the aerospace and defense security sector, driven by their exceptional properties and capacity to meet rigorous demands. These ceramics, notably silicon carbide (SiC) and alumina (Al2O3), offer high strength and durability, making them pivotal in protective gear like armor and vehicle plating. Additionally, their lightweight nature, coupled with resistance to extreme temperatures, makes them ideal for applications ranging from aircraft engine components to missile systems.
Asia Pacific is expected to be the fastest growing market during the forecast period.
The Asia-Pacific region, encompassing countries such as China, India, South Korea, and Japan, has become the fastest-growing market for specialty advanced ceramics due to several interrelated factors. The Asia-Pacific region is expected to be the fastest-growing region in the specialty advanced ceramics market due to several key factors. First, the region's rapid industrialization and urbanization have led to increased demand for advanced ceramics in various applications, including electronics, automotive, aerospace, and healthcare. Second, the presence of a burgeoning middle-class population has boosted consumer electronics and automotive sales, driving the need for advanced ceramics in these sectors. Additionally, government initiatives to promote clean energy and environmental sustainability have stimulated the demand for advanced ceramics in sectors like renewable energy and pollution control. Furthermore, the region benefits from a robust manufacturing ecosystem and cost-effective labor, making it an attractive destination for production and export of advanced ceramics, further fueling its growth in the market. These factors collectively contribute to the Asia-Pacific region's projected dominance in the specialty advanced ceramics market.
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Specialty Advanced Ceramics Market Players
The Speciality advanced ceramics market is dominated by a few major players that have a wide regional presence. The key players in the Speciality advanced ceramics market are Materion Corporation (US), Morgan Advanced Materials (UK), Kyocera Corporation (Japan), Ceramtec GMBH (Germany), Coorstek INC (US) (United States) Kyocera corporation (Japan), Saint – Gobian (France), NGK INSULATORS, LTD (Japan), Ferrotec (USA) Corporation (US), Materion Corporation (US), EBARA CORPORATION (Japan). In the last few years, the companies have adopted growth strategies such as Product launches, Investments, Acquisitions, and expansions to capture a larger share of the Speciality advanced ceramics market.
Specialty Advanced Ceramics Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2023 |
USD 7.7 billion |
|
Revenue Forecast in 2028 |
USD 10.2 billion |
|
CAGR |
6.0% |
|
Years considered for the study |
2021-2028 |
|
Base Year |
2022 |
|
Forecast period |
2023–2028 |
|
Units considered |
Value (USD Million/Billion) |
|
Segments |
Material, Type, end-use, and Region |
|
Regions |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
|
Companies |
Materion Corporation (US), Morgan Advanced Materials (UK), Kyocera Corporation (Japan), Ceramtec GMBH (Germany), Coorstek INC (US) (United States) Kyocera corporation (Japan), Saint – Gobian (France), NGK INSULATORS, LTD (Japan), Ferrotec (USA) Corporation (US), Materion Corporation (US), EBARA CORPORATION (Japan). |
This report categorizes the global speciality advanced ceramics market based on raw material, Type, uses, application, and region.
On the basis of material, the speciality advanced ceramics market has been segmented as follows:
- Alumina Ceramics
- Titanate Ceramics
- Zirconia Ceramics
- Silicon Carbide
- Others
On the basis of type, the speciality advanced ceramics market has been segmented as follows
- Composite Structure Ceramics
- Electrical and Electronic Functional Ceramics
On the basis of uses, the speciality advanced ceramics market has been segmented as follows:
-
Medical
- Medical Prosthetics
- Dental Implants
- Others
-
Aerospace, Defence, And Security
- Missile Radomes
- Military Aircraft Lenses
- Spacecraft Heat Shields
- Jet Turbine Blades
- High-Performance Engines Pistons
- High-Power Laser Windows
- Others
-
Electronics & Semiconductor
- Semiconductor Lithography Masks
- Ion Implantation Components
- CMP (Chemical Mechanical Planarization) Components
- High-Frequency Insulators
- Others
-
Energy & Power
- Nuclear Reactors Fuel Pellets and Cladding
- Thermoelectric Modules
- Others
-
Optics & Industrial Manufacturing
- Air bearing Components
- Precision Ball Bearings
- Electron Microscopy Components
- Others
- Others
On the basis of region, the speciality advanced ceramics market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In June 2020, Morgan advanced materials acquired carbo san luis, a leading manufacturer of specialty advanced ceramics. The acquisition cemented morgan advanced materials’ continuing investment in south america and supports future growth within the network.
- In December 2020, Materion acquired h.c. Starck ceramics, a leading manufacturer of advanced ceramic powders and components. This acquisition expanded materion's advanced ceramics product portfolio and gave it to new markets.
- In April 2021, Materion partnered with Kyocera Corporation, a leading global manufacturer of advanced ceramics, to develop and commercialize new advanced ceramic materials and products. This partnership gives Materion access to Kyocera's expertise and technology in the advanced ceramics market.
Frequently Asked Questions (FAQ):
What are the factors influencing the growth of the Speciality advanced ceramics market?
The growth of this market can be attributed to the Increasing demand from emerging industries, Growing awareness of the benefits of specialty advanced ceramics.
Which are the key applications driving the Speciality advanced ceramics market?
The sectors driving the demand for Speciality advanced ceramics are medical, electronic & semiconductor, Aerospace, defence & security, energy & power, optics & Industrial manufacturing others.
Who are the major manufacturers?
Major manufacturers include Materion Corporation (US), Morgan Advanced Materials (UK), Kyocera Corporation (Japan), Ceramtec GMBH (Germany), Coorstek INC (US) (United States)) among others.
What will be the growth prospects of the Speciality advanced ceramics market?
Rising demand from the aerospace and defense industry, Growing demand from the automotive industry, are some of the driving factors.
Which end-use segment having the largest market share in the spcaiality advanced ceramics market ?
Electronics & Semicondutor, end-use segment covers the largest market share in the market. .
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The study involved four major activities in estimating the market size of the speciality advanced ceramics market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key speciality advanced ceramics, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The speciality advanced ceramics market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, and end users. Various primary sources from the supply and demand sides of the speciality advanced ceramics market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the speciality advanced ceramics industry.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to chemistry, application, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of speciality advanced ceramics and future outlook of their business which will affect the overall market.
The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Note: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2022 available in the public domain, product portfolios, and geographical presence.
Other designations include sales representatives, production heads, and technicians.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down approach was used to estimate and validate the size of various submarkets for speciality advanced ceramics for each region. The research methodology used to estimate the market size included the following steps:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- The global market was then segmented into five major regions and validated by industry experts.
- All percentage shares, splits, and breakdowns based on material, type, end-use, and country were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added with detailed inputs and analysis and presented in this report.
Speciality Advanced Ceramics Market: Bottum-Up Approach
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
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Speciality Advanced Ceramics Market: Top-Down Approach
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
Data Triangulation
After arriving at the total market size from the estimation process speciality advanced ceramics above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.
Market Definition
The specialty advanced ceramics market refers to a specific segment of the ceramics industry focused on the production and sale of advanced ceramic materials engineered to possess exceptional properties and performance characteristics. These ceramics are tailored for specialized applications across various industries, such as electronics, aerospace, automotive, healthcare, and energy. Specialty advanced ceramics are known for their high-temperature resistance, superior mechanical strength, electrical insulation, thermal conductivity, and resistance to corrosion, making them essential materials in the manufacturing of cutting-edge technologies and components. This market encompasses a wide range of ceramic compositions and products designed to meet stringent requirements in demanding and high-tech applications, driving innovation and growth in this sector.
Key Stakeholders
- speciality advanced ceramics Manufacturers
- speciality advanced ceramics Traders, Distributors, and Suppliers
- Raw Type Suppliers
- Government and Private Research Organizations
- Associations and Industrial Bodies
- R&D Institutions
- Environmental Support Agencies
Report Objectives
- To define, describe, and forecast the size of the speciality advanced ceramics market, in terms of value and volume.
- To provide detailed information regarding the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market.
- To estimate and forecast the market size based on material, type, end-use, and region.
- To forecast the size of the market with respect to major regions, namely, Europe, North America, Asia Pacific, Middle East & Africa, and South America, along with their key countries.
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market.
- To analyze opportunities in the market for stakeholders and provide a competitive landscape of market leaders.
- To track and analyze recent developments such as expansions, new product launches, partnerships & agreements, and acquisitions in the market.
- To strategically profile key market players and comprehensively analyze their core competencies.
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application
Company Information
- Detailed analysis and profiles of additional market players
Tariff & Regulations
- Regulations and impact on speciality advanced ceramics market
By Form Analysis
- Market size for speciality advanced ceramics in terms of value and volume
Growth opportunities and latent adjacency in Specialty Advanced Ceramics Market