The market for advanced ceramics on a global scale. According to the study, the market will be worth around US$ 60 billion in 2020, accounting for roughly 20% of the total ceramics market. Advanced ceramics sales are expected to grow at a CAGR of 7% to reach US$ 120 billion by 2031. Over the forecast period of 2021 to 2031, demand for alumina ceramics is expected to grow at a CAGR of 6%.
Advanced ceramics are distinct from traditional ceramics in that the materials and processes used to create them have unique properties. Advanced ceramics have advanced strength in the form of heat, corrosion, and wear resistance thanks to these special properties.
Key Segments Covered in Advanced Ceramics Industry Research
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Material
- Alumina Ceramics
- Ceramic-based Components
- Titanate Ceramics
- Zirconia Ceramics
- Silicon Carbide Ceramics
- Ceramic Filters
- Others
- Silicon Nitride Ceramics
- Magnesium Silicate Ceramics
- Pyrolytic Boron Nitride Ceramics
- Aluminium Nitride Ceramics
- Electroceramics
- Structural Ceramics
- Technical Ceramics
- High-tech Ceramics
- Ferrite Ceramics
- Transparent Ceramics
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Class
- Ceramic Matrix Composites
- Ceramic Coatings
- Monolithic Ceramics
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Application
- Application of Advanced Ceramics in Electrical Equipment
- Application of Advanced Ceramics in Catalyst Support
- Application of Advanced Ceramics in Electronic Devices
- Application of Advanced Ceramics in Wear Parts
- Application of Advanced Ceramics in Engine Parts
- Application of Advanced Ceramics in Filters
- Application of Advanced Ceramics in Bioceramics
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End-User
- Use of Advanced Ceramics in Electrical & Electronics Sector
- Use of Advanced Ceramics in the Transportation Sector
- Use of Advanced Ceramics in the Medical Sector
- Use of Advanced Ceramics in Defense & Security Sector
- Use of Advanced Ceramics in the Environmental Sector
- Use of Advanced Ceramics in the Chemical Sector
Takeaways from the Market Research
- By 2031, the global advanced ceramics market is expected to reach US$ 120 billion.
- By 2031, the value of alumina ceramics is expected to reach around US$ 60 billion.
- Over the next ten years, ceramic matrix composites are expected to grow at a rate of more than 5%.
- Ceramic coatings are expected to be worth $25 billion by 2031.
- The APEJ market has a market share of more than 40%.
- Over the forecast period of 2021-2031, the German market is expected to grow at a rate of 4%.
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