The global technical ceramics market size is expected to value at USD 134.58 billion by 2024, during the forecast period. The market is subject to witness substantial growth due to cost-effectiveness associated with the use of advanced ceramics products and longer life cycle, and growing competition in the market. The growing demand for advanced ceramics or technical ceramics in the automotive sector is one of the key factors propelling the market growth in recent years.
The adoption of technical ceramics mainly in developing countries along with the expansion of the automobile industry in the region owing to the recent economic growth is spiraling the market demand for the technical ceramics industry over the forecast period. The adoption of technical ceramics as an alternative to plastics and metals in the automotive and healthcare market segment is attributed to the advancement of the market. Globally, the market is predicted to grow at a high CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development in the technical ceramics market.
The growing awareness about the benefits offered with the use of technical ceramics over conventional products is driving the demand for the technical ceramic market in the coming years. The advantage associated with the use of technical ceramics is bio-degradability, durability, reliability, and superior tensile strength. Most technical ceramics are eco-friendly in comparison with conventional materials, and stringent government regulation to limit environmental hazards with the use of traditional materials such as plastics is fueling the growth of technical ceramics during the forecast period. The application of technical ceramics has found its way in the electronic and electrical industry as well. The growing use of electronic devices by consumers will further push the market demand for technical ceramics.
Excessive adoption of the coated machinery materials, along with shifting inclination towards technical coatings by consumers and recent developments in various deposition processes, are opening numerous potential opportunities for the technical ceramics industry in the coming years. Some of the critical factors associated with market limitation are numerous governmental regulations in regards to the environmental impact and growing competition from other types of materials.
Technical ceramics are also referred to as engineering ceramics or industrial ceramics or advanced ceramics. Technical ceramics are considered as highly-sophisticated ceramics consisting of distinctive characteristics such as mechanical, electrical, thermal, and bio-chemical that are suitable for various industrial applications.
The highly-specific properties associated with technical ceramics are further boosted and optimized to meet the required technical requirements during industrial applications. The combination of the mechanical, biochemical, electrical, and thermal properties to design and create an advanced set of components that are capable of performing the required set of the task with high accuracy makes it an ideal alternative to the traditional materials similar to metal and plastic in the respective field of application. Technical ceramics are capable of overcoming technical challenges that remain unsolved with the use of traditional materials.
A few of the highly advanced properties associated with technical ceramics are wear resistance, high-temperature resistance, erosion resistance, and bio-compatibility. The distinct characteristics of technical ceramics make it an ideal choice for various industrial applications such as the automobile sector, electrical industries, healthcare sector, power & energy industries, and mechanical engineering.
The technical ceramics market is divided into regional market segments such as North America, Europe, Asia-Pacific, Latin America, and Africa. North America has shown major growth in recent years owing to its use in the environmental and medical sectors and a growing emphasis on research for new product development. Asia-Pacific region is predicted to hold a major market share in the technical ceramics industry with massive growth in the forecast period.
Countries such as India, China, and Singapore are leading the Asia-Pacific market with growing competition in manufacturing, reduced costs, rising economic growth in the region, and constant demand in the end-user industries. The key players in the technical ceramics market are Kyocera Co., CeramTec Co., Morgan Advanced Materials Inc., McDanel Co., and Saint-Gobain Ceramic Materials.
Material Outlook (Revenue, USD Million; 2013 - 2024)
• Alumina ceramics
• Titanate ceramics
• Zirconate ceramics
• Ferrite ceramics
• Aluminum nitride
• Silicon carbide
• Silicon nitride
Product Outlook (Revenue, USD Million; 2013 - 2024)
• Monolithic ceramics,
• Ceramic coatings
• Ceramic Matrix Composites
Application Outlook (Revenue, USD Million; 2013 - 2024)
• Electrical equipment
• Catalyst supports
• Electronic devices
• wear parts
• Engine parts
End-use Outlook (Revenue, USD Million; 2013 - 2024)
• Electrical & electronics
Regional Outlook (Revenue, USD Million; 2013 - 2024)
• North America
• the Asia Pacific
• Latin America
• Saudi Arabia
Research Support Specialist, USA
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