The global advanced ceramics market size is projected to reach USD 1, 80,463.4 million by
2028. Fortune Business Insights™ presented this information in
a new report, titled, “Advanced Ceramics Market, 2021-2028.” The report
further mentions that the market stood at USD 82,972.9 million in
2020. It will exhibit a CAGR of 10.2% during the forecast
period between” 2021-2028. The ongoing technological advancements and rising
demand for modern consumer electronic appliances are expected to propel the
need for electro ceramics. Advanced ceramics is extensively used in such
products because of their possession of multiple beneficial properties, such as
compressive strength.
Shutdown of Manufacturing Plants amid COVID-19 Pandemic May Impact
Growth
Numerous companies in the U.S. and other countries have closed
their manufacturing plants temporarily amid the COVID-19 pandemic. It has also
disturbed supply networks in developing economies, such as India and China.
Also, electronics and automotive sectors showcased a decline in revenues
backed by work-from-home norms. But, regulatory bodies are striving to bring
everything back to normalcy by encouraging companies to start production. It
would help in surging the demand for advanced ceramics in the next couple of
years.
Kyocera Corporation Acquires 100% Shares of H.C. Starck Ceramics
GmbH
In February 2019, Kyocera Corporation, a multinational ceramics
and electronics manufacturer based in Japan, announced that Kyocera Fine
ceramics GmbH, its Germany-based European headquarters signed an agreement to
acquire 100% shares of H.C. Starck Ceramics GmbH. This acquisition will help
Kyocera to introduce its state-of-the-art fine ceramic manufacturing assets,
innovative technologies, and production lineup in Europe. Such initiatives by
prominent companies are likely to surge the demand for advanced ceramics
worldwide.
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Report Coverage-
The research report of the advanced ceramics industry offers a
comprehensive analysis of existing companies that can affect the market outlook
throughout the forthcoming years. In addition to that, it provides an accurate
assessment by highlighting data on multiple aspects that may contain growth
drivers, opportunities, trends, and hindrances. It also represents the overall
market size from a global perspective by analyzing historical data and
qualitative insights.
Competitive Landscape-
Key Companies Aim to Participate in Acquisition Strategy to
Compete with Their Rivals
The market houses several prominent manufacturers that are
focusing on various organic and inorganic strategies to compete with their
rivals. Among them, acquisition is the most significant strategy. International
Syalons, for instance, is a leading producer of silicon nitride and
sialon-based ceramics. It often participates in mergers and acquisitions to
broaden its footprints and generate more sales.
A list of reputed advanced ceramics providers operating in the
global market:
·
International Syalons (UK)
·
KYOCERA Corporation (Japan)
·
S&S Advance Ceramics (India)
·
Advanced Ceramics Manufacturing (U.S.)
·
Nishimura Advanced Ceramics (Japan)
·
CeramTec GmbH (Germany)
·
CoorsTek Inc. (U.S.)
·
Saint-Gobain (U.S.)
·
Morgan Advanced Materials (UK)
· Technocera (India)
Drivers & Restraints-
Rising Usage in Making Implant Abutments and Artificial Bones to
Propel Growth
Advanced ceramics are gaining more importance in the medical
industry. The product has excellent aesthetic, physical, and biological
properties. Therefore, it is extensively utilized for making endosseous
implants, artificial bones, and implant abutments. The industry is also
anticipated to use zirconia ceramics. These factors are set to accelerate the
advanced ceramics market growth in the forthcoming years. However, the
production process of this ceramic involves high cost spending as it includes
inspection, diamond grinding, sintering, forming, and raw material processing.
It may hinder growth.
Segments-
Transportation Segment Generated 21.2% Share in China in
2020: Fortune Business Insights™
Based on the material, the market is divided into alumina,
zirconia, titanate, silicon carbide, silicon nitride, and others. Below is a
brief note on the end-use criterion:
- By End-use: The market is
categorized into electrical & electronics, transportation, medical,
chemical, and others. Out of these, the transportation segment held 2% in
terms of the China advanced ceramics market share in 2020. This growth is
attributable to the rising usage of the product in aerospace engines and
electric water pumps. On the other hand, the medical segment earned 18.0% in
2020 on account of the high demand for biodegradable splints and other
similar products.
Regional Insights-
Increasing Usage of Titanate in Automotive Industry to Propel
Growth in Asia Pacific
- Asia Pacific: The region
held USD 30,783.0 million in terms of revenue in 2020. It
is expected to remain at the forefront on account of the high demand for
the product from the medical industry. Besides, increasing usage of
titanate in the automotive industry, especially in China, is set to aid
growth.
- North America: The increasing
shift of manufacturers towards this ceramic over plastic or other metals
is anticipated to help the region remain in the second position.
Additionally, the rising production of electronic devices and electrical
equipment in the region would boost growth.
- Europe: The presence
of a well-established automotive industry in the region is set to augment
growth in the forecast period. Coupled with this, the urgent need to
reduce emissions in the atmosphere would also result in the rising
adoption of electric vehicles in the region.
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