The global technical ceramics market accounted for a market revenue of USD 149 billion in the year 2019 and is projected to grow at a CAGR of more than 6% over the forecast period. Demand will be driven by the development of new applications for advanced ceramics as well as increasing adoption in already established ceramic applications due to superior material and performance properties. Such trends are the most marked in transport, medical, and machinery markets, with over-average growth. In the large electrical and electronic product industries, growth will be accelerated, while development remains modest and faster increases for advanced ceramics are reduced in general.
New technologies would drive the above-average growth in bio ceramics. Over the expected years, new developments in bio ceramics would help push the medical devices industry at a dual-digit annual rate as quickly as possible on any single market.
The market for technical ceramics was estimated to be worth US$ 9.0 billion in 2022. From 2023 to 2031, it is projected to grow at a compound annual growth rate (CAGR) of 6.7%, reaching US$ 16.1 billion by 2031..
.jpg "The Global Technical Ceramics Market 2021-2031(USD Billion)")
Shifting the choice of doctors to ceramics would also fuel increased competition in current orthopaedic applications, as alternative products are in favour.
Technical ceramics Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | US$ 16.1 billion |
| Growth Rate | CAGR of 6. 7% during 2021-2031 |
| Segment Covered | by Product, Material, End-User, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | CeramTec GmbH (Germany), Kyocera Corporation (Japan), Morgan Advanced Materials (U.K), Saint-Gobain Ceramic Materials (U.S.), McDanel Advanced Ceramic Technologies (U.S.), 3M Company (U.S.), Rauschert Steinbach GmbH (Germany) , Dyson Technical Ceramics Limited (U.K), Superior Technical Ceramics (U.S.), NGK Spark Plug Co., Ltd. (Japan) |
Key Segment Of The Technical ceramics Market
By Product (USD Billion)
• Monolithic Ceramics
• Ceramic Matrix Composites
• Ceramic Coatings
By Material, (USD Billion)
• Oxide
• Non Oxide
By End-user, (USD Billion)
• Electronics & Semiconductor
• Automotive
• Energy & Power
• Medical
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The Global technical ceramics Market is Segmented on the basis of Material, Application, End-User,Regions.
the technical ceramics market is growing at a CAGR of 6.7% during the forecast period.
The major contenders in the global technical ceramics market 3M, Bakony Ipari Kermia Kft., CeramTec GmbH,CoorsTek Inc., Dyson Technical Ceramics, Kyocera Corporation, Mantec Technical Ceramics Ltd, Morgan Advanced Materials, Saint-Gobain, Rauschert GmbH
Thanks to their superior functional features, modern ceramics will replace conventional materials extremely over the next eight years. In contrast with other products like aluminum and steel, these materials often have improved resistance to corrosion, and thus they are commonly used in the health and automotive industry. In the Asia Pacific emerging economies, the growth of the automotive and medical industries is expected to raise demand for goods over the next eight years. In the last decade, specifically the ceramic tiles industry has evolved into a more organized market with new users emerging in various industries.
Type Segment
On the basis of oxide and non-oxide. Oxide segment is projected to account for a major market revenue share over the foreseeable future. Various types promoting the growth of oxide segment include Alumina, titanate, and Zirconate. Titanates are well known for their high quality production of the materials, including titanium potassium and titanium sodium. Non-oxide ceramics are theoretically the most rapidly growing category because they are increasingly adopted in various end use industry sectors automotive and semiconductor.
Application Segment
On the Applications, the market is bifurcated into Automotive, Defense and Aerospace, Energy and Power, Medical, Defense and Aerospace, Other. Particular filters will be the key driver of demand on the transport markets as heavy goods truck production is increased. Catalyst supports and engine components will also contribute to a strong performance for advanced ceramics in this market. Advances in many markets may also be mutually beneficial. For example, jet turbines of the next generation have applications for new ceramic composite components that are machined to high tolerances.
In terms of region the global Technical ceramics market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East and Africa. The most demand growth for the projected period is anticipated in Asia-Pacific regions because of increased disposable income (specifically in China & India), which drives automotive sales and semiconductor industry.
.png "North America Technical Ceramics Market 2018-2025 (USD Billion)")
In recent years, this area has also experienced growth due to investment by MNCs and growing industries. Asian-pacific regions are followed by the Middle East & African countries because of upcoming projects. Key players include 3M, Bakony Ipari Kermia Kft., CeramTec GmbH,CoorsTek Inc., Dyson Technical Ceramics, Kyocera Corporation, Mantec Technical Ceramics Ltd, Morgan Advanced Materials, Saint-Gobain, Rauschert GmbH