Technical Ceramics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Technical Ceramics Market Analysis
During the time frame of the forecast, the technical ceramics market is expected to grow at a CAGR of over 7%.
In 2020, lockdowns and supply chain disruptions slowed or shut down numerous industries in the worldwide technical ceramics industry. Technical ceramics demand dropped, slowing market growth. As economies and industries reopened in 2021, the technical ceramics market recovered. The technical ceramics' end-user industries-automotive, aerospace, and medical-demanded more. Technical ceramics are also in demand for electric vehicles, renewable energy, and 5G technology.
- Over the short term, the market is driven by factors such as increasing demand from the medical industry. During the forecast period, the market is expected to be driven by the growing demand for electric vehicles, which will increase the number of end-user applications in the automotive industry.
- High costs of capital and a lack of technical ceramics are likely to slow down the growth of the market.
- In the future, the market is likely to benefit from the rise in demand for industrial applications like metallurgy and industrial machinery.
Technical Ceramics Market Trends
This section covers the major market trends shaping the Technical Ceramics Market according to our research experts:
Increasing Demand from the Medical Industry
- Technical ceramics are an important part of the medical device industry because they provide new materials that can be used in a wide range of ways to help patients and make medical equipment work better.
- Technical ceramics are used in a lot of medical devices, like lithotripters and ultrasonic cleaners, as well as dental ceramics.
- Another major application of technical ceramics is bioceramics, which it is used in artificial organ implants, especially hip joints.
- Technical ceramics are also being used to replace chemotherapy for liver cancer patients with radioactive glass microspheres. They are also used to make orthodontic braces, biocompatible coatings, advanced drug delivery systems for cardiovascular stents and other implantable medical devices, and composite layers for gene therapy.
- The number is anticipated to be higher in Europe (nearly 20%) and Japan (approximately 30%). Improved living conditions, better sanitation, better prevention of communicable diseases, and easier access to medicine and better sanitation products are some of the things that have led to longer life expectancy.
- Europe has only 1/8 of the world's population, but it has about 1/4 of the world's cancer cases, with about 3.7 million new patients each year.
- Even though more than 40% of cancer deaths can be stopped, 20% of deaths in the European Union are caused by cancer.
- The rapidly expanding medical device business in India is crucial to its healthcare system. The industry produces specialized medical devices, implanted devices, diagnostic equipment, and other medical tools.
- In recent years, the Indian medical devices industry has expanded dramatically due to the country's large population, expanding healthcare demands, and favorable political climate. According to data from the International Trade Administration, the Indian market for medical equipment reached USD 11.9 billion in 2021 and is likely to keep growing in the years to come.
- The growing number of chronic diseases and the rapidly aging population around the world are expected to increase the demand for medical implants, which will drive the demand for technical ceramics from the medical industry during the forecast period.
China to Dominate the Asia-Pacific Market
- Technical ceramics offer special features that make them ideal for electronics applications. Electronic components, sensors, and subassemblies use technical ceramics.
- Technical ceramics' heat stability makes them useful in electronics. They can function at high temperatures without compromising structural integrity or electrical conductivity, making them ideal for power electronics applications. Technical ceramics are appropriate for high-voltage applications because they are electrically insulated and break-resistant.
- China has the world's largest electronics production base. Electronic products, such as smartphones, TVs, wires, cables, portable computing devices, gaming systems, and other personal electronic devices, recorded the highest growth in the electronics segment. The country serves not only domestic demand for electronics but also exports electronic output to other countries.
- According to Trend Economy data, in 2021 China's exports of electrical machinery and equipment totaled 3,362.3 billion USD, a rise of 29.8 percent from the previous year.
- Chinese solar panel manufacturers are formulating output-boosting innovations to ensure their continued survival in the market. For example, JinkoSolar Holding is making solar modules with a back sheet that can turn light that bounces off the ground into electricity.
- The world's biggest manufacturer of solar products and solar power generators brought 54.88 GW of new solar power into operation in 2021, bringing the total installed capacity to 306 GW despite a disruption in the supply of raw materials. China is also expected to add 75 to 90 gigawatts (GW) of solar power in 2022.
- China's medical device market is thought to be one of the fastest-growing markets and is expected to be worth more than $100 billion by 2021.
- From what has been said so far, it seems likely that China will lead the market during the forecast period.
Technical Ceramics Industry Overview
The technical ceramics market is partially fragmented in nature. Some of the major players in the market (in no particular order) include 3M, Morgan Advanced Materials, CoorsTek Inc., KYOCERA Corporation, and NGK Spark Plug Co. Ltd.
Technical Ceramics Market Leaders
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3M
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Morgan Advanced Materials
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CoorsTek Inc.
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KYOCERA Corporation
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NGK SPARK PLUG CO.,LTD.
*Disclaimer: Major Players sorted in no particular order
Technical Ceramics Market News
- December 2022: Kyocera Corporation has announced intentions to construct a new manufacturing facility in Isahaya City, Nagasaki Prefecture, in order to further its corporate expansion objectives. The company has submitted an offer to purchase roughly 150,000 square meters (about 37 acres) of land in the Minami Isahaya Industrial Park.
- November 2022: Momentive Technologies acquired the crucible business of CoorsTek. This acquisition enables Momentive Technologies to offer customers in the semiconductor wafer and fabrication industries a comprehensive selection of crucible sizes to fulfill their requirements for advanced materials.
Technical Ceramics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing End-user Applications in the Electronics and Automotive Industries
- 4.1.2 Increasing Demand from the Medical Industry
- 4.1.3 Eco-friendly and Reliable for Use
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4.2 Restraints
- 4.2.1 High Capital Cost
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
- 4.5 Patent Analysis
- 4.6 Price Analysis
5. MARKET SEGMENTATION (Market Size by Value)
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5.1 Product
- 5.1.1 Monolithic Ceramics
- 5.1.2 Ceramic Matrix Composites
- 5.1.3 Ceramic Coatings
- 5.1.4 Other Products
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5.2 End-user Industry
- 5.2.1 Automotive
- 5.2.2 Electrical and Electronics
- 5.2.3 Energy and Power
- 5.2.4 Medical
- 5.2.5 Defense and Aerospace
- 5.2.6 Other End-user Industries
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Bakony Ipari Kermia Kft.
- 6.4.3 CeramTec GmbH
- 6.4.4 CoorsTek Inc.
- 6.4.5 Dyson Technical Ceramics
- 6.4.6 Ortech Advanced Ceramics
- 6.4.7 KYOCERA Corporation
- 6.4.8 Mantec Technical Ceramics Ltd.
- 6.4.9 McDanel Advanced Ceramic Technologies
- 6.4.10 Morgan Advanced Materials
- 6.4.11 NGK SPARK PLUG CO. LTD.
- 6.4.12 Rauschert GmbH
- 6.4.13 Saint-Gobain
- 6.4.14 STC Superior Technical Ceramics
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Demand for Industrial Applications (Metallurgy and Industrial Machinery)
- 7.2 Increasing Usage in Nano Technology
Technical Ceramics Industry Segmentation
Technical ceramics are robust, heat-resistant, and electrically and thermally insulating. They are synthetic materials created utilizing advanced manufacturing methods to accomplish specialized functions in difficult conditions. Technical ceramics can be monolithic, coated, or composite, formed from oxides, carbides, nitrides, and borides. Technical ceramics are used in cutting tools, wear-resistant parts, electrical insulators, high-temperature furnace components, and biomedical implants.
The market is segmented on the basis of product, end-user industry, and geography. By product, the market is segmented into monolithic ceramics, ceramic matrix composites, ceramic coatings, and other products. By end-user industry, the market is segmented into automotive, electrical and electronics, energy and power, medical, defense and aerospace, and other end-user industries. The report also covers the market size and forecasts for the technical ceramics market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).
| Product | Monolithic Ceramics | |
| Ceramic Matrix Composites | ||
| Ceramic Coatings | ||
| Other Products | ||
| End-user Industry | Automotive | |
| Electrical and Electronics | ||
| Energy and Power | ||
| Medical | ||
| Defense and Aerospace | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Technical Ceramics Market Research FAQs
What is the current Technical Ceramics Market size?
The Technical Ceramics Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Technical Ceramics Market?
3M, Morgan Advanced Materials, CoorsTek Inc., KYOCERA Corporation and NGK SPARK PLUG CO.,LTD. are the major companies operating in the Technical Ceramics Market.
Which is the fastest growing region in Technical Ceramics Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Technical Ceramics Market?
In 2024, the Asia-Pacific accounts for the largest market share in Technical Ceramics Market.
What years does this Technical Ceramics Market cover?
The report covers the Technical Ceramics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Technical Ceramics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Which segments are covered in the Technical Ceramics Market report?
The segments covered in the Technical Ceramics Market report are a) Product: Monolithic Ceramics, Ceramic Matrix Composites, Ceramic Coatings b) End-user Industry: Automotive, Electrical and Electronics, Energy and Power, Medical, Defense and Aerospace c) Material: Oxide and Non-oxide
Technical Ceramics Industry Report
The global technical ceramics market is witnessing remarkable growth, fueled by escalating demand from key sectors such as electrical & electronics, automotive, energy & power, and medical industries. The market's expansion is largely due to technical ceramics' superior attributes, such as minimal thermal expansion, robustness, high-temperature resilience, and enhanced corrosion resistance over traditional materials like aluminum and steel. These advantages are propelling their adoption over conventional materials, especially in the booming automotive and medical sectors of Asia Pacific's emerging economies. With alumina ceramics leading in raw material segments and monolithic ceramics in product types, the electrical & electronics sector has become the primary end-use segment, capitalizing on the electrical conductivity and mechanical properties of technical ceramics. The Asia Pacific region, driven by increased electronics spending in India and China, dominates the market, while North America is also poised for significant growth. Amidst a competitive and fragmented market landscape, technical ceramics manufacturers and companies are intensifying R&D efforts to cater to new applications and enhance product quality, according to Mordor Intelligence™ Industry Reports, which offer a comprehensive analysis, market share, size, and growth rate insights, including forecasts and historical overviews. Get a sample of this industry analysis as a free report PDF download.
