Advanced Ceramics Market size is anticipated to reach USD 200 Billion by the end of 2033, growing at a CAGR of 10% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of advanced ceramics was over USD 84 Billion. Increasing consumption of ceramics in the medical industry and notably rising advancements in electronic technologies are estimated to propel the market growth during the forecast period. For instance, ceramic consumption in the U.S rose more than 8% in 2021 as per the estimations.
Increasing use of advanced ceramics in battery parts owing to the thermal, electrical, and flexibility properties is expected to drive the global technical ceramics market over the coming years. As per observations, the flexible lithium ceramic batteries of 100 mAh and 2C passed electricity even in a destructive phase and with this flexibility, they are able to be used in wearables. Moreover, the significantly increasing development of various end use industries is another major factor which is driving the growth of the market over the forecast period.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
10% |
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Base Year Market Size (2022) |
USD 84 Billion |
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Forecast Year Market Size (2033) |
USD 200 Billion |
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Regional Scope |
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End-user (Electrical & Electronics, Transportation, Medical, Chemical)
The global advanced ceramics market is segmented and analyzed for demand and supply by end-user into electrical & electronics, transportation, medical, chemical, and others. Out of these, the electrical & electronics segment is anticipated to hold the largest market size by the end of 2033 on the back of increasing advancements in technology, followed by the rising demand for power electronics & electronic sensors for reducing the power consumption across the world. For instance, the use of power electronics technology is estimated to reduce energy consumption by 36% across the world.
Our in-depth analysis of the global advanced ceramics market includes the following segments:
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By Material |
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By End-User |
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Asia Pacific Market Forecast
The Asia Pacific advanced ceramics market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033 on the account of increasing ceramic product demand from the medical industry, along with the increasing research and development investments, and rising technological advancements. Furthermore, the rising elderly population increases the demand for the replacement of bones, hips, and knees owing to the escalating market growth. For instance, about 1.4 billion people in China had knee replacements in 2018.
Kyocera Corporation declared the construction of two additional production facilities for ceramic components used in semiconductor manufacturing equipment.
Murata Manufacturing Co., Ltd. designed the GCM21BC71E106ME36 multilayer ceramic capacitors with a maximum capacitance of 10uF, 2012M size, and 25V rating for 12V line smoothing in automobile applications.
Author Credits: Smruti Ranjan, Rajrani Baghel
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