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The global advanced ceramics market was valued at USD 102.32 billion in 2023 and is projected to grow from USD 113.29 billion in 2024 and reach USD 250.30 billion by 2032, exhibiting a CAGR of 10.1% during the forecast period. Asia Pacific dominated the advanced ceramics market with a market share of 37.37% in 2023. Fortune Business Insights™ presented this information in a new report, titled, “Advanced Ceramics Market, 2025-2032.” The ongoing technological advancements and rising demand for modern consumer electronic appliances are expected to propel the need for electroceramics. Advanced ceramics is extensively used in such products because of their possession of multiple beneficial properties, such as compressive strength.
Get a Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/sample/advanced-ceramics-market-105073
A list of reputed advanced ceramics providers operating in the global market:
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 Fineceramics 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.
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.
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.
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:
Source: https://www.fortunebusinessinsights.com/advanced-ceramics-market-105073
Regional Insights-
Increasing Usage of Titanate in Automotive Industry to Propel Growth in Asia Pacific
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.
The global advanced ceramics market was valued at USD 102.32 billion in 2023 and is projected to grow from USD 113.29 billion in 2024 and reach USD 250.30 billion by 2032, exhibiting a CAGR of 10.1% during the forecast period. Asia Pacific dominated the advanced ceramics market with a market share of 37.37% in 2023. Fortune Business Insights™ presented this information in a new report, titled, “Advanced Ceramics Market, 2025-2032.” The ongoing technological advancements and rising demand for modern consumer electronic appliances are expected to propel the need for electroceramics. Advanced ceramics is extensively used in such products because of their possession of multiple beneficial properties, such as compressive strength.
Get a Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/sample/advanced-ceramics-market-105073
A list of reputed advanced ceramics providers operating in the global market:
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 Fineceramics 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.
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.
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.
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:
Source: https://www.fortunebusinessinsights.com/advanced-ceramics-market-105073
Regional Insights-
Increasing Usage of Titanate in Automotive Industry to Propel Growth in Asia Pacific
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.
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