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How has the advanced ceramics market grown over the years?

The market for advanced ceramics has seen substantial expansion in the previous years. It is projected to rise from $85.34 billion in 2024 to reach $90.18 billion by 2025, with a compound annual growth rate (CAGR) of 5.7%. This surge during the historical period can be associated with rising uses of ceramic coatings, increased sales of high-performance ceramics, heightened demand from automotive and medical sectors, significant investments by manufacturers in healthcare application development, and surging demand for zirconia in medical industries.

What Is the forecasted market size and growth rate for the advanced ceramics market?

In the forthcoming years, the advanced ceramics market is anticipated to experience robust growth. The market value is projected to reach $113.07 billion in 2029, progressing at a compound annual growth rate (CAGR) of 5.8%. The growth during this forecast period could be due to an increased demand for electro ceramics, expanding needs from the medical and electronics industries, preference for advanced ceramics in joint replacement procedures, increased utilization as a substitute for metals and plastics, and the eco-friendly and reliable nature of these ceramics. Some of the key trends projected for the forecast phase include rising usage in nanotechnology, the development of inventive products, elevated demand for ceramics within the electro ceramics field, and the growing incorporation of advanced ceramics in the aviation and defense sectors.

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What are the major factors driving growth in the advanced ceramics market?

The advanced ceramics market is predicted to surge ahead due to increasing requirements from the automotive industry. This economic sector encompasses the designing, production, marketing, and selling of motor vehicles. Advanced ceramics, with their superior characteristics such as high strength, heat resistance, and low weight, are a perfect fit for several automotive necessities, such as engine components, braking systems, and exhaust systems. For example, the European Automobile Manufacturers Association, a Belgian-based organisation representing European automobile manufacturers, disclosed in June 2023 that around 13 million Europeans, constituting 7% of all EU jobs, are employed in the automotive sector. This sector makes up 11.5% of all EU manufacturing jobs, which adds up to about 3.4 million roles. With it’s annual production of 13.1 million cars, trucks, vans, and buses, the EU auto industry is a strategic pillar for the region. As a global leader, the European automotive sector has accumulated a €101.9 billion trade surplus through its superior ‘Made in Europe’ commodities. Consequently, the booming demand from the automotive industry is fuelling the development of the advanced ceramics market.

What key areas define the segmentation of the global advanced ceramics Market?

The advanced ceramics market covered in this report is segmented –

1) By Material: Alumina, Titanate, Zirconia, Silicon Carbide

2) By Application: Monolithic Ceramic, Ceramic Coatings, Ceramic Matrix Composites, Ceramic Filters

3) By End-user Industry: Electrical and Electronics, Transportation, Medical, Industrial, Defense and Security, Chemical, Other End-user Industries

Subsegments:

1) By Alumina: High Purity Alumina, Alumina Ceramics For Electrical Insulation, Alumina Structural Ceramics

2) By Titanate: Barium Titanate, Lead Titanate, Strontium Titanate

3) By Zirconia: Yttria-Stabilized Zirconia (YSZ), Partially Stabilized Zirconia (PSZ), Zirconia Toughened Alumina (ZTA)

4) By Silicon Carbide: Reaction Bonded Silicon Carbide (RBSC), Sintered Silicon Carbide, Silicon Carbide Whiskers

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What are the top market players propelling the growth of the advanced ceramics industry?

Major companies operating in the advanced ceramics market are 3M Company, KYOCERA Corporation, Murata Manufacturing Co. Ltd., Corning Incorporated, AGC Ceramics Co. Ltd., Materion Corporation, Morgan Advanced Materials Plc, Ferrotec Holdings Corp., CeramTec GmbH, MARUWA Co. Ltd., Saint-Gobain Ceramic Materials, Blasch Precision Ceramics Inc., Applied Ceramics Inc., Dyson Technical Ceramics Ltd., Elan Technology, McDanel Advanced Ceramic Technologies, International Syalons (Newcastle) Ltd., Momentive Technologies, Rauschert GmbH, Advanced Ceramics Manufacturing, BCE Special Ceramics GmbH, Nishimura Advanced Ceramics Co., Ltd., Ortech Advanced Ceramics, TechCeramic, Ceradyne Inc., Compagnie de Saint Gobain SA, Small Precision Tools Inc., Vesuvius, Wonik QnC Corporation

What are the key trends shaping the future of the advanced ceramics market?

Leading businesses functioning in the advanced ceramics market are prioritizing developing innovations, with a focus on ensuring consistent quality for dependable and uniform outcomes across multiple applications. Consistent quality in this context signifies the equivalence in material properties, performance, and reliability among various product batches. In October 2023, for example, ALTEO Holding, a chemical company based in France, unveiled HYCal specifically targeting the advanced ceramics market. This novel line of specialty alumina is designed to boost the effectiveness of advanced ceramics. With a design focus on uniform quality and reliability, these products are suited to a variety of industry sectors like electronics and healthcare by offering considerable mechanical strength and superior dielectric properties. Custom-made solutions are also accessible to cater to individual customer needs.

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What regions are dominating the advanced ceramics market growth?

North America was the largest region in the advanced ceramics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced ceramics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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