Specialty Advanced Ceramics Market to Reach $10.2 Billion by 2028, Fueled by Electronics and Semiconductor Industry Demand

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Nov 01, 2023, 13:45 ET

DUBLIN, Nov. 1, 2023 /PRNewswire/ -- The "Global Specialty Advanced Ceramics Market by Type (Composite Structure Ceramics, Electrical & Electronic Functional Ceramics), Application (Defence & Security, Electronics & Semiconductor, Optics & Industrial Manufacturing), & Region - Forecast 2028" report has been added to ResearchAndMarkets.com's offering.

The global specialty advanced ceramics market is projected to grow from USD 7.7 billion in 2023 to USD 10.2 billion by 2028, registering a CAGR of 6% during the forecast period.

The electronics industry relies heavily on advanced ceramics for components such as substrates, insulators, and capacitors. As technology continues to advance, the demand for smaller, more efficient electronic devices grows, driving the need for specialty ceramics.

Alumina ceramics accounted for the largest share in type segment of specialty advanced ceramics market in terms of value

Alumina ceramics, also known as aluminum oxide (Al2O3) ceramics, hold a prominent position in the specialty ceramics market due to their exceptional mechanical strength, hardness, electrical insulation properties, thermal stability, and chemical inertness. These ceramics find wide-ranging applications in various industries, including electronics for insulators and substrates, manufacturing for cutting tools and pump components, and high-temperature environments like furnace linings and automotive components. Their versatility and reliability in harsh conditions make alumina ceramics a favored choice for high-tech applications, contributing significantly to their growth in the specialty ceramics market.

Composite structure ceramics accounted for the largest share in type segment of speciality advanced ceramics market in terms of value

The growth of composite structured ceramics in the market is driven by their ability to provide enhanced performance characteristics through the strategic combination of different ceramic materials. These composites offer a unique opportunity to tailor properties such as mechanical strength, toughness, and wear resistance to meet specific application requirements. Industries such as aerospace, automotive, and manufacturing are increasingly adopting these materials for their ability to deliver superior performance and durability, driving the demand for composite structured ceramics in high-tech and demanding applications.

Electronics and semiconductor application accounted for the largest share in application segment of Speciality advanced ceramics market in terms of value

The specialty advanced ceramics market experiences robust growth primarily driven by its vital application in the electronics and semiconductor industry. Advanced ceramics serve as essential materials in various facets of electronic component production and semiconductor manufacturing processes. They play a crucial role as substrates and packaging materials for integrated circuits (ICs) and semiconductor devices, leveraging their exceptional thermal conductivity and electrical insulation properties to efficiently dissipate heat generated during operation while safeguarding sensitive electronic components.

Furthermore, advanced ceramics find extensive use in semiconductor manufacturing equipment, where their high mechanical strength, chemical resistance, and precise machining capabilities are pivotal for fabricating semiconductor wafers, deposition tools, and etching chambers. As the electronics and semiconductor sectors continue to advance with a relentless pursuit of smaller, more efficient devices, the specialty advanced ceramics market remains a key enabler of innovation in these high-tech industries.

Asia-Pacific is the largest market for Speciality advanced ceramics

The specialty advanced ceramics market in the Asia-Pacific region has been experiencing significant growth in recent years, driven by several key factors. As the region's economies continue to expand and industrialize, there is a growing demand for high-performance ceramics in various industries, including electronics, automotive, aerospace, and healthcare. Asia-Pacific is a major hub for electronics manufacturing, and advanced ceramics find extensive use in this sector for applications like semiconductor manufacturing equipment, substrates, and insulators.

Additionally, the region's robust automotive and aerospace industries rely on advanced ceramics for components that require superior mechanical and thermal properties. Furthermore, the healthcare sector in Asia-Pacific has been embracing advanced ceramics for dental and medical applications, such as implants and prosthetics. With ongoing technological advancements and increasing emphasis on sustainability, the specialty advanced ceramics market in Asia-Pacific is poised for continued growth and innovation in the coming years.

Premium Insights

Increasing Awareness of Benefits of Advanced Ceramics to Drive Market During Forecast Period
Asia-Pacific to Account for Largest Market Share by 2028
Indian Market to Record Fastest Growth During Forecast Period
Composite Structure Ceramics Segment to Lead Market in 2028
Alumina Ceramics Segment to Account for Largest Market Share in 2028
Electronics & Semiconductor Segment to Hold Largest Market Share in 2028
Electronics & Semiconductor Segment and China LED Market in 2022

Market Dynamics

Drivers

Growing Use of Advanced Ceramics in Energy Applications
Development of Advanced Ceramics with Unique Properties
Increasing Demand for Lightweight Materials Across Industries

Restraints

High Cost of Specialty Ceramics
Complex and Fragmented IP Landscape
Availability of Substitutes

Opportunities

Growth of 3D Printing Industry
Development of Ceramic Composites for Radar-Absorbing Materials
Rising Demand for Sustainable Nuclear Power

Challenges

Difficulty in Controlling Dimensional Tolerances During Processing
Faults due to Thermal Expansion

Companies Mentioned

3M Company
AGC Ceramics Co. Ltd.
BCE Special Ceramics GmbH
Blasch Precision Ceramics
CeramTec GmbH
Coi Ceramics, Inc.
CoorsTek, Inc.
Ebara Corporation
Elan Technology
Ferrotec (USA) Corporation
Hitachi Power Solutions Co. Ltd.
Ibiden
Kyocera Corporation
Materion Corporation
McDanel Advanced Ceramic Technologies
Morgan Advanced Materials
NGK Insulators, Ltd.
Nishimura Advanced Ceramics Co. Ltd
Ortech Advanced Ceramics
Paul Rauschert GmbH & Co. KG
Precision Ceramics UK Limited
Prematech Advanced Ceramics
Saint-Gobain
Smith+Nephew
Techno Cera Industries

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