The global for advanced ceramics market, with a recorded size of USD 10.80 billion in 2022, is anticipated to experience a swift compound annual growth rate (CAGR) of 5.2% throughout the forecast period. This growth is primarily propelled by the increasing demand for advanced ceramics within the medical sector and their expanding utilization in the defense industry. In the medical field, ceramics offer numerous advantages, such as being inert, non-toxic, highly durable, and possessing properties like hardness, low friction coefficient, high compressive strength, wear resistance, chemical resistance, and sterility. They find extensive use in medical implants, serving as bulk components, coatings, or fillers.
Ceramics also play a crucial role in medical instruments and tools, finding applications in tissue engineering scaffolds, medical pumps, blood shear valves for hematology testing, drug delivery devices, piezoelectric components for medical equipment, and ceramic-to-metal connections for imaging devices.
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Major Companies and Competitive Landscape:
3M, AGC Ceramics Co. Ltd., CeramTec GmbH, CoorsTek Inc., Elan Technology, KYOCERA, Morgan Advanced Materials, Murata Manufacturing Co., Ltd., Nishimura Advanced Ceramics Co., Ltd., and Ortech Advanced Ceramics.
Driving Factors of Advanced Ceramics Market
- Growing Demand in Various End-Use Industries: Advanced ceramics find applications in industries such as electronics, automotive, aerospace, healthcare, and energy. The increasing demand for advanced ceramics in these sectors drives market growth.
- Technological Advancements: Ongoing innovations in materials science and manufacturing technologies are expanding the possibilities for advanced ceramics. This leads to the development of new and improved products, increasing their adoption in various industries.
- Rising Need for High-Performance Materials: Industries that require materials with exceptional properties, such as high-temperature resistance, wear resistance, and electrical conductivity, are turning to advanced ceramics to meet these needs.
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Segments covered in the report:
Material Outlook:
- Alumina
- Titanate
- Zirconate
- Ferrite
- Aluminum nitride
- Silicon carbide
- Silicon nitride
Product Outlook:
- Monolithic
- Ceramic coatings
- Ceramic matrix composites
Application Outlook:
- Electrical equipment
- Catalyst supports
- Electronic devices
- Wear parts
- Engine parts
- Filters
- Bioceramic
- Others
End-Use Outlook:
- Electrical electronics
- Automotive
- Machinery
- Environmental
- Medical
- Others
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