The World of “Advanced Ceramics” is Changing Fast Amid the COVID-19 Crisis. Find Out How You Can Keep Up
The global market for Advanced Ceramics is projected to reach US$105. 5 billion by 2025, driven by technology advancements and innovations, and emerging new applications in electronics supported by trends in Internet of Things (IoT), mobile communications and electronic wearables.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Advanced Ceramics market. Report segmentation includes Product Segment (Monolithic Ceramics, Coatings, Matrix Composites); End-Use (Electrical & Electronics, Transportation, Machinery, Chemical, Other End-Uses).
14 June 1:44 A.M., California/Marketwire/ - According to the new market research report, The global market for Advanced Ceramics is projected to reach US$105.5 billion by 2025, driven by technology advancements and innovations, and emerging new applications in electronics supported by trends in Internet of Things (IoT), mobile communications and electronic wearables. Manufacturing and engineering applications remain the largest revenue generators in the market, supported by the use of advanced ceramics as important and indispensable materials which offer benefits such as superior fracture toughness; ductility; and impact resistance.
The rise of 5G wireless communications coupled with developments in electro ceramics is bringing out electronics as an emerging application area poised for rapid growth in the coming years. 5G infrastructure requires materials suitable for millimeter wave applications running at 20-80GHz frequencies. In this regard, electro ceramics feature temperature stability, relative ease of metallization and low dielectric loss tangents which endear them as attractive millimeter wave materials. In addition, growing research interest in lead-free piezoelectrics; rising commercial value of ultra-low sintering ceramics for low temperature co-fired ceramic (LTCC) applications; and rising popularity of cordierite ceramics, eucryptite ceramics, forsterite ceramics, will mite ceramics & celosia ceramics as potential low dielectric constant materials; are all factors supporting the use of ceramic components in telecom electronics.
Other major factors influencing growth include launch of high-temperature fiber-based ceramic composites; expanding IoT ecosystem and growing demand for ultrathin ceramic membranes in sensor technology; rising significance of bioceramic materials for tooth restoration in the dental industry; increased preference for miniature monolithic ceramic capacitors (MLCCs) in the manufacture of small, lightweight and multifunctional electronic components as those required in the production of electronic wearable`s; and numerous new applications of aerospace ceramics in aircraft design and manufacturing.
Continuous technology advancements including the recent development of nitride ceramics, and novel ceramic nanocomposites are enabling ceramics to mimic physical properties of metals. With modern ceramic systems capable of withstanding metal like processing such as phase transformations, alloying, quenching and tempering, replacement of metals with ceramics is poised to grow stronger in the coming years. Extensive use of coated machinery components, strong future demand for advanced coatings, and breakthroughs in deposition processes are expected to magnetize commercial opportunities for ceramic coatings. Given the robust long-term opportunities, the advanced ceramics industry continues to garner focus on resources and investments on research and development, optimization of ceramic fabrication processes, installation of technologically superior processing and quality control equipment, and tailoring targeted marketing strategies. Asia-Pacific including China is a major market led by rapid industrialization and the ensuing expansion of the manufacturing sector, steady automobile production trends, and strong consumer spending in countries such as India and China.
Key Competitors Covered in the Report
Applied Ceramics Inc.
COI Ceramics Inc.
International Ceramic Engineering
Morgan Advanced Materials
Murata Manufacturing Co. Ltd.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (India, South Korea, Taiwan, Rest of Asia-Pacific)
Latin America (Brazil, and Rest of Latin America)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 3113. Among this pool, 561 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 93 unique participations, a total of 42 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.