Engineering Ceramics Market Size, Share & Industry Analysis, By Product Type ( Oxide Ceramics, Non-oxide Ceramics ), Application ( Electronics & Semiconductor, Automotive, Energy & power, Industrial, Medical, Others ) and regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Ceramic engineering is the technology of producing ceramic structures either by heating operation or utilizing high-purity aggregation reactions at decreased pressure and temperature. This is accompanied by significant volume changes, which assist to give a slightly higher power to the material. These ceramic materials are used in cutting instruments and installations where high corrosion resistance is required. Excellent electrical conductivity also results in its use in electronics for semiconductors and substrates.
Properties of engineering ceramics such as low thermal expansion, solidity and high temperature stability have improved their popularity in various end-use applications such as electrical & electronics, automotive. This in turn is anticipated to have a positive effect on the market growth. Because of its superior functional characteristics, it is expected to replace conventional materials to a large extent. With innovative technologies, the ceramic engineering is expected to experience the greatest growth in the near future. However, the growing competition among existing small regional suppliers pose a challenge to the industry growth. Also, the availability of alternatives is expected to hinder the growth of the market.
Market Segmentation:
Based on product type, the market for engineering ceramics is further segmented into oxide ceramics and non-oxide ceramics. Based on application, the market for engineering ceramics is further segmented into electronics & semiconductor, automotive, energy & power, industrial, medical, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver - Increasing application in electronic industries is driving the market. Key Market Restraint - High competition between regional players have restricted the industry growth.
Key Players Covered:
Key players operating in the this market are Kyocera Corporation, CeramTec GmbH, Morgan Advanced Materials, McDanel Advanced Ceramic Technologies, Saint-Gobain Ceramic Materials, CoorsTek, Inc., Rauschert Steinbach GmbH, Dyson Technical Ceramics Limited NGK Spark Plug Co., Ltd. and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Engineering Ceramicsmarket
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
Asia-Pacific dominates the global engineering ceramics market due to the growing use in the electronics & semiconductor and automotive industries. Properties such as high thermal stability, durability, low thermal expansion coefficient offers technical advantages in variety of end-use industries. The development of the automotive and medical industries in Asia Pacific's emerging economies is expected to drive the growth of the market. The second-largest consumer of advanced ceramics in North America. The rising opportunities backed by the increasing industrial sector are fuelling demand in the region. The U.S. is growing significantly with respect to product use in the environmental and medical sectors. After North America Europe retains a significant market share in 2019. Product demand will continue to increase owing to the strong economic and end-use industry growth in the region. Latin America and Middle East and Africa shows moderate growth. The availability of experienced manufacturers in the region led to market growth in the GCC. Technological progress is projected to further augment engineering ceramics performance, making it more widely used in downstream applications.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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