Technical Ceramics Market

According to Stratistics MRC, the Global Technical Ceramics Market is accounted for $7.11 billion in 2021 and is expected to reach $13.01 billion by 2028 growing at a CAGR of 9.0% during the forecast period. Technical ceramic is an inorganic, non-metallic material with an exclusive mixture of thermal and physical properties that make it highly functional. It is ideally used in technical applications such as high temperature, corrosion & wear resistance, and offers longer service life along with sustained cost-efficiency. Thus, this material is popular by the name of technical ceramics. In addition, it is also known as high-performance ceramic and engineering ceramic.



Market Dynamics:

Driver:

Extraordinary Performance and Higher Properties of Technical Ceramics

Technical ceramics are chemically very constant which means they have low chemical solubility that makes them extremely resistant to corrosion which is predicted to drive the market demand. It offers consistent performance and reliability compared to metals & polymers that compromise their properties over time. Moreover, it is an excellent electric insulator owing to which they have high dielectric permittivity which is important for capacitors and resonators.  Also, these materials have ultra-high temperature ability due to which they can operate in extreme temperatures above 1750°C. Technical ceramics have superior properties such as high hardness, excellent compressive strength, low density, good wear resistance, and superior electrical properties. Also, these materials are thermally conductive, insulative, chemically inert, and have high corrosion resistance. For instance, excellent wear resistance of technical ceramics helps them to withstand extremely high temperatures while retaining the mechanical and electrical properties.

Restraint:

High Customization Requirements from End-use Industries
 
The high customization necessities raise the cost of technical ceramics and can make them brittle. This is because the conventional machining techniques such as milling, turning, and drilling are difficult to perform on these materials owing to their brittle nature, high strength, hardness, and resistance to creep. Technical ceramics hold application across several industries such as transportation electronics, automotive, and others.

Opportunity:

Multipurpose Applications of Technical Ceramics

These ceramic materials are commonly used in medical implants in the form of bulk components or as coatings & fillers. Numerous orthopedic procedures and implants such as hip, joint, knee, and spinal hard tissues use technical ceramics. Also, dental systems such as orthodontic devices like braces, root implants, and prostheses use technical ceramics. Some additional applications of these ceramic materials in the medical sector include the use of technical ceramics in x-ray tubes, hand tools, pressure sensors, femoral head implants for hip replacement, and others. Due to its superior insulating properties, strength, corrosion resistance, and high heat resistance, technical ceramics play a vital role in space exploration. The developing applications of technical ceramics in deep-sea exploration, space development, supercomputers, new energy sources, and others are anticipated to propel the technical ceramics market demand in the upcoming years. For instance, silicon nitride, the popular technical ceramic material, is used in deep-sea earthquake observation owing to its corrosion resistance, compressive strength, and low specific density that make it ideal for pressure-resistant containers used in submarines. Also, technical ceramics are used in supercomputers since the coefficient of thermal expansion is close to the coefficient of mounting units.

Threat:

Highly Competitive

The companies operating in the market are facing huge competition from existing and new players. These players are focusing on business expansion, partnership, acquisition strategies.  Therefore, competitive rivalry in the market is high.

Oxide Ceramics segment is expected to be the largest during the forecast period

The oxide ceramic segment is expected to remain high, owing to its better properties compared to other materials. Its properties comprise high strength & hardness, temperature stability, and high wear resistance & corrosion resistance at high temperature.

The Electrical & Electronics segment is expected to have the highest CAGR during the forecast period

This is mostly because technical ceramics are extensively used in numerous electronics and electrical applications. Moreover, the increasing use of technical ceramics in this segment for circulating coolants or as an insulator to act as a shield from electromagnetic radiation. Technical ceramics are considered as fundamentals in the production of electronics and semiconductor products. They are also used in the production of capacitors, which are a basic component used in consumer electronics and electronics appliances. As a result, an increase in sales of products such as smartphones, laptops, tablets, chargers, and other high-end appliances significantly drive the use of technical ceramics in the electronics and semiconductor industry.

Region with largest share:

The Asia Pacific is projected to hold the highest market share, Asia Pacific, especially China is also expected to observe faster growth on account of its strong electronics manufacturing industry and expanding smartphone and high-speed internet, leading to the demand for faster computing power in the region. Increasing automobile demand among consumers, particularly in Asia Pacific countries including China and India, on account of rising disposable incomes and changing lifestyles, is expected to fuel product demand over the forecast period. The province is likely to remain highly lucrative during the forecast period, due to rapid industrialization and a rise in demand for technical ceramics in the electronics and automotive industries in the region. China is a rapidly expanding country of the market in the Asia Pacific, owing to development in industries such as automobile, medical, and electronics in the country.

Region with highest CAGR:

North America is projected to have the highest CAGR due to its strong defense and space sector, medical innovation, and rising adoption of IoT and other newer computing electronics. Stringent environmental regulations have led to increased product use as it aids in controlling pollution. North America includes high demand for these ceramics in wind energy, medical implants, and aerospace sectors.



Key players in the market:

Some of the key players profiled in the Technical Ceramics Market include 3M, Albemarle Corporation, Coorstek, Inc., Kcc Corporation, Kyocera Corporation, Mcdanel Advanced Ceramic Technologies, Llc., Morgan Advanced Materials, Ngk Spark Plug Co., Ltd., Rauschert Gmbh, Saint-Gobain.

Key developments:

In May 2019, Kyocera Corporation acquired Friatec, a manufacturer and seller of ceramic and plastic components based in Mannheim, Germany through a newly established subsidiary. The acquisition gave Kyocera its first fine ceramic manufacturing facility in Europe, strategically positioning the company to meet the rising demand for fine ceramic components used in industrial machinery.

In June 2020, Morgan Advanced Materials announced the acquisition of Carbo San Luis, a producer of the insulating, unshaped-basic, and non-basic-preshaped and pressed refractory products and ceramic fibers.

In February 2021; CoorsTek announced the expansion of its manufacturing footprint in Southeast Asia. There is a growing need for technical ceramics in a wide variety of industries as these materials play an important role in solving future technical challenges and in addressing end-user expectations. The opening of the facility in Thailand provides a critical production hub for the continued supply of CoorsTek high-quality engineered ceramics in Southeast Asia.

Types Covered: 
• Electronic Technical Ceramics
• High Temperature Technical Ceramics
• Wear-Resistant Technical Ceramics 

Products Covered:
• Ceramic Coatings
• Ceramic Matrix Composites (CMC)
• Monolithic Ceramics 

Materials Covered:
• Oxide Ceramics
• Non-Oxide Ceramics
• Ferrite Ceramics
 
Applications Covered:
• Electrical & Electronics
• Medical Ceramics
• Bioceramics
• Catalyst Supports
• Electronic Devices
• Engine Parts
• Filters
• Wear Parts

End Users Covered:
• Automotive
• Electronics & Semiconductor
• Energy & Power
• Environmental
• Industrial
• Machinery
• Medical
• Military & Defense

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China        
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances