Advanced Technical Ceramics Is The Fastest Growing Segment Fueling The Growth Of Advanced Ceramics Market

https://www.coherentmarketinsights.com/market-insight/advanced-ceramics-market-5102
Advanced Ceramics Market



Market Overview:

Advanced ceramics includes oxides, non-oxides and composites which exhibits high strength, temperature and corrosion resistance. They are used in various end-use industries like medical, electronics, defense and others due to their inherent properties.

Market key trends:
One of the key trends in the advanced ceramics market is the rise in demand for ceramic matrix composites (CMCs). CMCs combine the lightweight properties of polymers with the strength and temperature resistance of ceramics. They have applications across aerospace, automotive and energy industries. CMCs provide greater damage tolerance than monolithic ceramics and allow structural components to retain their strength even after damage occurs. Their increasing use is expected to propel the advanced ceramics market growth over the forecast period.

The global Advanced Ceramics Market Growth is estimated to be valued at US$ 91617.4 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Segment Analysis
The global advanced ceramics market is dominated by the monolithic ceramics sub-segment, which accounted for nearly 45% of the total market share in 2022. Monolithic ceramics offer high strength, wear resistance, and temperature stability. They are increasingly being used in applications such as body armor, cutting tools, and electronics.

Key Takeaways
The global advanced ceramics market is expected to witness high growth, exhibiting a CAGR of 6.7% over the forecast period, due to increasing demand from the electronics and automotive industries.

Regional analysis
North America accounted for the largest share of around 35% in the global advanced ceramics market in 2022. The growth in the region can be attributed to presence of major automotive and electronics manufacturers. Asia Pacific is expected to grow at the fastest pace during the forecast period owing to rising industrialization in countries such as China and India.

Key players
Key players operating in the advanced ceramics market are 3M (Ceradyne Inc.), AGC Inc., Applied Ceramics, Blasch Precision Ceramics Inc., Ceramtec, COI Ceramics Inc., Coorstek Inc., Corning Incorporated, International Ceramics Inc., Kyocera Corporation, MARUWA Co. Ltd, Materion Corporation, McDanel Advanced Ceramic Technologies, Morgan Advanced Materials, Murata Manufacturing Co. Ltd, Rauschert GmbH, Saint-Gobain, Small Precision Tools Inc., Vesuvius, and Wonik QnC Corporation.


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