The global industrial ceramics market exhibited robust growth in 2022, with a total worth of US$ 118.9 billion. This upward trajectory is expected to continue over the next decade, as the market is projected to reach a substantial US$ 218.1 billion by the year 2032, with a notable compound annual growth rate (CAGR) of 6.1% between 2022 and 2032. A key driving force behind this growth is the ongoing improvement of infrastructure on a global scale, with the construction sector playing a pivotal role in propelling the demand for industrial ceramics. Furthermore, the rising popularity of ceramic implants in the fields of dentistry and orthopedics, thanks to advancements in medical technology, contributes significantly to the expanding market, indicating a bright future for industrial ceramics in healthcare applications.
With the increasing adoption of advanced technologies and the ongoing global infrastructure development, the industrial ceramics market is poised to experience remarkable growth and innovation in the coming years, meeting the diverse needs of these crucial sectors and fostering technological advancements.
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The automotive sector has industrial ceramics-based products like ceramic bearings, mechanical seals, sensors, and valves. For instance – Yttria Stabilized Zirconia (one of the ceramic materials known for higher tensile strength) is well-suited for pump components like fuel injectors, and the mechanical seals for highly durable engines.
Coming to pumps, critical components like stator and rotor are being produced from the industrial ceramics; particularly in the applications that involve movement of the high-temperature fluids. The major advantage is that industrial ceramics perform better under high temperatures and do have a better resistance against wear and corrosion. Insulation tiles are known for having a long history of utilization in the space shuttle program of NASA.
In today’s world, advanced industrial ceramics like glass-ceramic composites are used for making windows, panels, canopies, and lenses due to the higher heat resistance and being lightweight.
Future Market Insights has etched these facts with future perspectives in its latest market study entitled ‘Industrial Ceramics Market’. It has its determined team of analysts and consultants for executing through 360-degree view in its primary, secondary, and tertiary modes of research.
“With automotive and medical verticals increasingly asking for ceramics, the industrial ceramics market is likely to grow on a grand note in the near future”, says an analyst from Future Market Insights.
Key Takeaways from the Industrial Ceramics Market
- The Asia-Pacific holds the largest market share with rapidly expanding automotive vertical, fast-paced energy & power sector, and rising innovation in healthcare and aviation in Japan, China, and India.
- Europe and North America have conventionally been stronger markets for industrial ceramics. The scenario is expected to remain unchanged even in the forecast period. The US, Germany, and the UK are leading from the front.
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Competitive Analysis
- Kyocera Corporation, in the year 2019, did announce that it had acquired Friatec GmbH’s ceramic business. It has actually given the company a ceramic production all across the Europe; thereby letting it fulfil expansion of industrial machinery components.
- CeramTec, in 2021, did create a novel 3D printing technology for getting construction pieces from technical ceramics. It’s a quick and low-cost 3D printing method.
- SCOTT AG, in September 2021, completed acquisition of Applied Microarrays Inc. for expanding the diagnostic business.
- Bodycote, in April 2021, completed acquisition of Ellison Surface Technologies for creating the biggest engineered coating surface technology along with thermal spray services.
- Oerlikon Balzers, in April 2021, expanded the first customer center in Vietnam; thereby expanding its footprints in the Asia-Pacific.
- AGC Ceramics Co., Ltd., in December 2022, entered into collaboration with AMSKY technology Co., Ltd. for expanding the sales of BRIGHTORBTM 1, the 3D printing material in China.
- Kyocera, in February 2022, did launch the high-speed ceramic packages as well as substrates for the optoelectronic devices at OFC.
- AGC Si-tech, in July 2022, did launch Integrated Silica Product Brand RESIFATM to expand eco-friendly silica products like Microplastic Substitutes all through Norway.
- CeramTec, in April 2021, did develop a ceramic power module for the drive inverters for e-mobility solutions. The company collaborated with Fraunhofer Institute for Integrated Systems and Device technology for developing cooling solutions for power electronics in the e-mobility drive trains.
Key companies profiled
Kyocera, Anderman Industrial Ceramics, Elan Technology, Khyati Ceramics, Industrial Ceramic Products, Inc., Advanced Industrial Ceramics (AIC), Carborundum Universal Limited, CM Cera, A&B Industrial Ceramics, Schaefer Industrial Ceramics.
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Key Segments
By Type:
- Alumina
- Silicon Carbide
- Tungsten Carbide
- Mullite
- Cordierite
- Zirconium Dioxide
- Silicon Nitride
By Products:
- Pipes & Tubes
- Insulators
- Knives & Cutters
- Medical Implants
- Fiber Optic Connectors
- Electrical Connectors
- Nozzles
- Rods
- Filters
- Coatings
- Formed Components
By End-Use:
- Automotive
- Aerospace & Aviation
- Power
- Oil & Gas
- Healthcare
- Industrial
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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