Market Size of Technical Ceramics Industry
| 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 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 |
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Technical Ceramics Market Size Summary
The technical ceramics market is poised for significant growth, driven by increasing demand across various sectors such as automotive, aerospace, and medical industries. The market experienced a slowdown due to global disruptions in 2020 but rebounded as economies reopened, with a notable surge in demand for applications in electric vehicles, renewable energy, and 5G technology. Despite challenges like high capital costs and limited availability, the market is expected to expand, supported by the rising need for industrial applications in metallurgy and machinery. Technical ceramics play a crucial role in the medical device industry, offering innovative materials for devices like lithotripters, ultrasonic cleaners, and bioceramics used in implants. The growing prevalence of chronic diseases and an aging population are anticipated to further boost demand for medical implants, thereby driving the market.
In the electronics sector, technical ceramics are valued for their heat stability and electrical insulation properties, making them ideal for high-voltage and power electronics applications. China, with its vast electronics production base, is a key player in this segment, exporting a significant volume of electronic products. The country's solar panel manufacturers are also innovating to enhance output, contributing to the global solar power market. The technical ceramics market is characterized by partial fragmentation, with major players like 3M, Morgan Advanced Materials, and KYOCERA Corporation actively expanding their operations. Recent developments include Kyocera's plans to establish a new manufacturing facility in Japan and Momentive Technologies' acquisition of CoorsTek's crucible business, highlighting ongoing strategic moves to strengthen market positions.
Technical Ceramics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing End-user Applications in the Electronics and Automotive Industries
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1.1.2 Increasing Demand from the Medical Industry
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1.1.3 Eco-friendly and Reliable for Use
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1.2 Restraints
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1.2.1 High Capital Cost
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Patent Analysis
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1.6 Price Analysis
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2. MARKET SEGMENTATION (Market Size by Value)
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2.1 Product
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2.1.1 Monolithic Ceramics
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2.1.2 Ceramic Matrix Composites
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2.1.3 Ceramic Coatings
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2.1.4 Other Products
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2.2 End-user Industry
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2.2.1 Automotive
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2.2.2 Electrical and Electronics
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2.2.3 Energy and Power
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2.2.4 Medical
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2.2.5 Defense and Aerospace
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2.2.6 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 France
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2.3.3.4 Italy
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Technical Ceramics Market Size 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.
