Industrial Ceramics Market By Material (Oxide, Non-Oxide), By Product (Monolithic ceramics, Composite ceramics), By End-User (Automotive and Aerospace, Energy and Power, Electronics and Semiconductor, Other): Global Opportunity Analysis and Industry Forecast, 2021-2031
The industrial ceramics market was valued at $6,697.10 million in 2021 and is estimated to reach $12,027.30 million by 2031, exhibiting a CAGR of 5.9% from 2022 to 2031. Industrial ceramics are inorganic, nonmetallic materials with properties such as high strength and hardness, high melting points, chemical inertness, and low thermal and electrical conductivity. They also exhibit brittleness and sensitivity to defects.
Industrial ceramics are used in various applications such as automotive, aerospace, electronics, energy transmission and military. Rise in purchasing power of masses in emerging economies, has significantly increased the demand for electronic products. Thus, major players in the electronics industry are expanding their production capacities. For instance, on January 29, 2020, Murata, a global leader in electrical components, has expanded its new facility in Vantaa, Finland. The new factory has a total area of around 16,000 square meters. The insulating, semiconducting, superconducting, magnetic, and piezoelectric properties of industrial ceramics makes it suitable for use in various electronic products such as capacitors, inductors, circuit protection devices, displays, audio systems, and other electronic products. Thus, the growth of electronics industry positively influences the growth of the industrial ceramics market.
Moreover, surge in use of electronic ceramics in diagnostic imaging and robotic surgical tools that require precision functionality boosts the market growth. Other factors, such as rise in demand for automotives and aircrafts, are expected to propel the market growth. In addition, one of the major factors propelling the growth of the industrial ceramics market is the increase in substitution of metal and plastic products with industrial ceramic products. Properties such as high wear resistance, high compressive strength, massive electrical resistance, and strong corrosion resistance make it an economical substitute of metals.
However, industrial ceramics have technical limitations such as insufficient tensile strength, component shape, reliability, and dimensional tolerances. Furthermore, due to cracks, brittle fractures, and edge chipping, traditional machining techniques such as turning, milling, and drilling have difficulty processing modern ceramics due to their creep resistance and high strength. Thereby, restraining the growth of the market.
Thermal expansion is a typical problem that leads to component breakage in a variety of energy and power end users due to high temperatures and variable conditions. This in turn helps in avoiding accidents because of increasing voltage by breaking down ceramic components. For instance, in 2022 Ceram Tec introduced its new AIN (aluminum nitride) HP, a new high-performance substrate with exceptional thermal conductivity and a good fit for power converters. Advanced ceramics have significantly less thermal expansion when subjected to the same environmental conditions as other standard alloys and metals. This aspect has affected how industrial ceramics are used in a variety of end-use industries, including the power and energy sectors. So, a material like that can fuel the industrial ceramic market's expansion.
The industrial ceramic market is segmented on the basis of material type, product material type, end user and region. Based on material type, the market is divided into oxide and non-oxide. Based on product type, the market is divided into composite ceramics and monolithic ceramics. Based on end user industry, the market is divided into automotive & aerospace, energy & power, and other.
Region wise, the industrial ceramics market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition analysis
The major players profiled in the industrial ceramic market include Kyocera, Anderman Industrial Ceramics, Elan Technology, Khyati Ceramics, Industrial Ceramic Products, Inc., AGC Ceramics Co., Ltd., Carborundum Universal Limited, CM Cera Co Ltd., LSP Industrial Ceramics, Inc., Schaefer Industrial Ceramic.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial ceramics market analysis from 2021 to 2031 to identify the prevailing industrial ceramics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the industrial ceramics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global industrial ceramics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Material
Oxide
Non-Oxide
By Product
Monolithic ceramics
Composite ceramics
By End-User
Other
Automotive and Aerospace
Energy and Power
Electronics and Semiconductor
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Kyocera
Anderman Industrial Ceramics
Khyati Ceramics
AGC Ceramics Co., Ltd.
Carborundum Universal Limited
CM Cera Co Ltd.
Schaefer Industrial Ceramic
Elan Technology
Industrial Ceramic Products, Inc.
LSP Industrial Ceramics, Inc.
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook