Advanced Ceramics Market to Perceive a Significant Growth by 2032

Pune, India, July, 2018 /MRFR Press Release/- Market Research Future published a half-cooked research report on “Global Advanced Ceramics  Market Research Report - Forecast to 2032” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2032.

Advanced ceramics bearing a little resemblance to their origins, exhibit unique and amazingly powerful physical, thermal and electrical properties that make them suitable to be used in the development and manufacturing of a wide range of ceramic materials that exhibit unique properties. These ceramics cater to growing requirements of various end-use industries such as electricals & electronics, machinery, automotive, pharmaceuticals, and defense, among others.

Owing to their advanced properties such as toughness, high tensile strength, thermal stability, ballistic protection, and corrosion resistance, these materials can command a huge demand mainly from the electrical, electronics, and packaging sectors.

Considering the rapid market expansion and the growth potential the market holds, Market Research Future (MRFR) recently published an in-depth study report, giving out the complete market insights for the period 2023-2032. In its analysis, MRFR asserts that the global advanced ceramics market is forecasted to galvanize exponentially by 2032, registering a staggering CAGR during the review period.

The automotive industry is contributing at large to the growth of the market. Development of a number of new products and expansions promises a strong market growth. Advanced ceramics reduces static build-up, ensuring quality controlled electronics applications. Such specific applications will drive growth in the aerospace, automotive, chemical, and other industrial sectors increasing overall demand for the product.

Tough ceramics are used to protect engine parts that are exposed to high temperatures and pressures, while other products may be designed to ensure that a medical implant will not react with the patient’s body. It also finds its application in the burgeoning semiconductor industry. The unique and beneficial characteristics offer chemical, abrasion, erosion/ corrosion resistance, as well as enhanced heat resistance to semiconductors that must endure a harsh manufacturing process.

However, high-end manufacturing costs is likely to pose a challenge to the growth of the advanced ceramics market. Nevertheless, its sales can contribute to the success owing to the consumers.

Global Advanced Ceramics Market – Segments

The Advanced Ceramics Market can be segmented into four key dynamics for the convenience of the report and enhanced understanding;

By Product Types           : Monolithic Ceramics, Ceramic Matrix Composites, and Ceramic Coatings among others.

By Materials                  :  Titanate Ceramics, Alumina Ceramics, Zirconate Ceramics, and Ferrite Ceramics, among others.

By End-Users                : Electricals & Electronics, Machinery, Automotive, pharmaceuticals, Military & Defense, among others. 

By Regions                     : North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

Regional Analysis 

In 2016, Asia Pacific accounted for the largest market for advanced ceramics, holding the largest market share. The growth attributes to the increasing sales in the industries such as electrical & electronics, machinery, automotive, and pharmaceuticals in the region. 

Major economies such as India and China backed by the improving per capita income in the region are witnessing the growth in the electronics and automotive sector which further increases the market growth in the region. They possess huge scope for industrial chemicals production in the upcoming years, which is expected to drive the growth of the market in the region.

Furthermore, the increasing per capita income of consumer is primarily driving the growth of the advanced ceramics market in the countries such as India and China, giving Asia Pacific a competitive edge over other regions. Owing to the increasing demand for advanced ceramics in the automobile and electronics industry, APAC is projected to continue its lead throughout the review period as well.

Additional factors substantiating the market growth include the competitive manufacturing cost and favorable government regulations. The rapidly increasing defense budget and the increasing application areas of the product in the modern armors are some of the major driving forces for the market growth.

North America region emerging as one of the lucrative markets for advanced ceramics in the global space, acquires a substantial market share and the second-largest market’s position.

The market perceives a huge demand from the automotive industry due to the presence of key automobile companies such as General Motors, Ford, and Fiat Chrysler. The market is further anticipated to grow significantly during the review period.

Furthermore, increasing uptake of the product in some of the well-developed end-user industries such as pharmaceutical, electrical & electronics, the U.S. and Canada account for the countries that contribute to the regional market growth majorly. 

The Europe market accounts for the world’s third largest market for advanced ceramics. The market is poised to witness steady growth in the next six years.

The well-established automobile industry and electrical & electronic drives the market growth in the region. Besides, growing applications of the products in implanted devices, radiation therapy equipment, and ultrasonic cleaners are further augmenting the growth of the market. Also, increasing defense investments in the countries such as the Netherlands, Russia, and Germany are expected to foster the growth in the regional market.

Global Advanced Ceramics Market   - Competitive Analysis

The global advanced ceramics market is well-established with several players having the presence in the international and regional market; illustrating the market as highly competitive yet consolidated. Those players compete based on innovation, product features, quality, cost, and financial stability. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players.

Well-established players are investing in internal R&D and, most of all, in acquiring other firms. Prominent vendors of advanced ceramics are targeting to invest more in technology and research and development activities to innovate their already existing products. These vendors strive to deliver high-purity advanced products that manufactured to the highest standards. They manage their business by emphasizing innovation, productivity, safety, performance, and results.

Key Players:

CeramTec GmbH (Germany), Kyocera Corporation (Japan), CoorsTek Inc. (US), Saint-Gobain Ceramic Materials (US), Morgan Advanced Materials Plc. (UK), 3M Company (US), Dyson Advanced ceramics Limited (UK), Rauschert Steinbach GmbH (Germany), NGK Spark Plug Co., Ltd. (Japan), and Superior Advanced Ceramics (US) are some of the prominent players at the forefront of competition in the global advanced ceramics market and are profiled in MRFR Analysis.

Industry/Innovation/Related News:

July 12, 2018 – Raytheon Missile Systems announced the winning of USD 29.7 Mn. contract to build prototype aerial drones for the Navy’s Low-Cost UAV Swarming Technology (LOCUST) program that envisions “swarms” of smart drones that can perform intelligence and reconnaissance missions, and someday perhaps deliver weapons. Raytheon is advancing its small Coyote, an unmanned aircraft (Drone) originally developed along with others by Advanced Ceramics Research Inc. for the Navy program. 

July 17, 2018 – JPMorgan Cazenove (UK), a leading investment bank focused on mergers & acquisitions, debt and equity placements and equity research and distribution announced an upgrade in the rating of Morgan Advanced Materials plc. (MGAM -UK) for the FTSE 250-listed firm to ‘overweight’ from ‘neutral’.

Simultaneously, the US bank also upped its target price for the advanced ceramics and carbon products manufacturer – formerly known as Morgan Crucible - to 390p from 345p.

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