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NEW YORK , Oct. 17, 2022 /PRNewswire/ -- The global advanced ceramics market size is expected to grow by USD 3.29 billion , accelerating at a CAGR of 5.56% between 2021 and 2026. To estimate the size of the market, Technavio has tracked the recent trends and developments in the commodity chemicals industry. Some of the factors considered to estimate the market size include the revenue generated by chemical products companies manufacturing advanced ceramics, demand from end-user industries, construction industry growth, and GDP growth among others. Get a detailed analysis of the market size, current market scenario, future growth opportunities, and much more. Buy Report Now

The market is driven by the increasing use in electronic components and circuits. Ceramic components and systems are widely used in the electronics industry owing to their heat resistance and insulation properties. Electroceramics currently constitute almost 85% of the total value of the ceramics manufactured. Ceramic materials are used in electronic components as ferrites, ferroelectrics, and a few transition metal oxides. Also, the dielectric, insulting, piezoelectric, magnetic, optical, and superconducting properties of ceramics have led to their growing use in electronic devices. Spark plugs, hermetic packaging, ceramic arc tubes, and protective pieces for bare wires and power lines are some examples of ceramic items used as electrical insulators. Thus, the increasing use of advanced ceramics in electronic components and circuits is expected to drive the growth of the market during the forecast period.

However, stringent regulations might hamper the market growth. The imposition of trade and non-trade tariffs on the medical sector, changing government policies, and stringent FDA regulations for medical equipment manufacturers have created a harsh business environment for the advanced ceramics market. For instance, according to the Affordable Care Act, companies have to pay an excise tax of 2.3% on Classes I, II, and III medical devices. In addition, the high cost of ceramic medical products and implants in comparison to their metallic counterparts makes it difficult for players to expand their businesses. All these factors will reduce the growth potential in the market.

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Technavio identifies 3M Co., BCE Special Ceramics GmbH, Blasch Precision Ceramics Inc., CeramTec GmbH, Compagnie de Saint Gobain SA, CoorsTek Inc., Corning Inc., Dyson Technical Ceramics Ltd., Elan Technology, Ferrotec Holdings Corp., International Syalons (Newcastle) Ltd., Kyocera Corp., Materion Corp., McDanel Advanced Ceramic Technologies LLC, Momentive Performance Materials Inc., Morgan Advanced Materials Plc, Nishimura Advanced Ceramics Co. Ltd., Ortech Advanced Ceramics, Superior Technical Ceramics Corp., and Techno Cera Industries are some of the major market participants.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our advanced ceramics market report covers the following areas:

The global advanced ceramics market is segmented as below:

The housing and construction segment will account for the largest share of the market. The segment is driven by the extensive use of ceramics in various applications in the construction industry such as floor, wall, and roof tiles, cement; gypsum; brick; sewer pipe; and glass.

About 72% of the market growth will come from APAC over the forecast period. The rapid growth in the construction industry is driving the growth of the advanced ceramics market in APAC. China and India are the key markets for advanced ceramics in APAC. Market growth in this region will be slower than the growth of the market in the Middle East and Africa .

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We provide a detailed analysis of around 25 vendors operating in the advanced ceramics market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the advanced ceramics market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Accelerate at a CAGR of 5.56%

APAC, Europe, South America, Middle East and Africa, and North America

China, India, Germany, UK, and Brazil

Leading companies, competitive strategies, consumer engagement scope

3M Co., BCE Special Ceramics GmbH, Blasch Precision Ceramics Inc., CeramTec GmbH, Compagnie de Saint Gobain SA, CoorsTek Inc., Corning Inc., Dyson Technical Ceramics Ltd., Elan Technology, Ferrotec Holdings Corp., International Syalons (Newcastle) Ltd., Kyocera Corp., Materion Corp., McDanel Advanced Ceramic Technologies LLC, Momentive Performance Materials Inc., Morgan Advanced Materials Plc, Nishimura Advanced Ceramics Co. Ltd., Ortech Advanced Ceramics, Superior Technical Ceramics Corp., and Techno Cera Industries

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/

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