The industrial ceramics market is anticipated to record a CAGR of 6.1% during the forecast period, up from USD 118.9 Billion in 2022 to reach a valuation of USD 218.1 Billion by 2032.
| Attributes | Details |
|---|---|
| Industrial Ceramics Market CAGR | 6.1% |
| Industrial Ceramics Market (2022) | USD 118.9 Billion |
| Industrial Ceramics Market (2032) | USD 218.1 Billion |
Sales of industrial ceramics are expected to rise as market Expansion is being aided by rising demand from the building and construction industry. In addition to this, demand for industrial ceramics is rising on account of rising demand from the medical and automotive industries.
Increasing infrastructure projects are also projected to contribute to the industrial ceramics market share growth.
The report sheds light on the factors improving the sales of industrial ceramics, and, in turn, the opportunities for the market players. However, the industrial ceramics market also faces some challenges, which might limit the industrial ceramics market share from reaching its potential.
Some of the key industrial ceramics market trends promoting the demand for industrial ceramics include a constant increase in residential construction around the world.
Ceramic implants are becoming more popular around the world as medical technology advances, and the number of orthopedic and dental patients grows.
Rising investments in the residential and commercial sectors are fueling demand for ceramic-based items such as sanitary ware and tiles, which is driving the global industrial ceramics market. Furthermore, the substance is widely used in the medical business for the manufacture of bioimplants.
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Industrial Ceramics include a large number of different products which find application across a wide variety of industries such as Automotive, Aerospace & Aviation, Power, Oil & Gas, Healthcare, and other industrial sectors. In the automotive sector, products are based on industrial ceramics such as mechanical seals, ceramic bearings, valves, and sensors.
For example, Yttria Stabilized Zirconia, a ceramic material known for high strength, is suitable for pump components such as fuel injectors and mechanical seals for engines, which demand high durability.
Industrial ceramics are much more cost-efficient than metals and much more durable than plastics and thus have found wide application in the automotive industry, as advanced manufacturing technologies for car components require materials with high reliability at affordable costs resulting in high sales of industrial ceramics in the industry.
In industrial equipment such as pumps, critical components such as the rotor and stator are being manufactured from industrial ceramics, especially in applications involving the movement of high-temperature fluids, thus, increasing the demand for industrial ceramics.
Components made from industrial ceramics perform reliably under very high temperatures and have greater wear resistance, corrosion & chemical resistance. In the aerospace sector, industrial ceramics such as insulation tiles have a long history of usage in NASA’s space shuttle program.
In modern times, advanced industrial ceramics such as glass-ceramic composites are used to make windows, canopies, panels, and lenses because of their lightweight nature and higher heat resistance.
In the power sector, sales of industrial ceramics have been high for a long time for making insulators & surge arrestors because of their high electrical insulation qualities. In modern times, the application of industrial ceramics in gas turbine components is being heavily explored to improve their efficiency and thus reduce the cost of power generation.
Industrial ceramics have been a part of various end-use sectors for many years, and advanced applications are also being developed for them for various existing and new end users who are driving the demand for industrial ceramics globally.
The demand for industrial ceramics is expected to multiply quickly in the next decade as demand for its application in various end-use industries keeps growing.
Asia Pacific region is estimated to be a significant region for the industrial ceramics market, with its large automotive industry, fast-growing energy & power sector, and increasing innovation in aviation and healthcare.
The region has very high growth rates for the sale of industrial ceramics. North America and Europe have traditionally strong markets for Industrial Ceramics, with the early materials technology innovations taking place in these regions and industrial end users quickly adopting new and innovative developments, resulting in improved demand for industrial ceramics.
These regions are projected to witness stable demand patterns for sales of industrial ceramics. India, China, Japan, the United Kingdom, the USA, and Germany are some of the prominent countries to track in the industrial ceramics market.
Since there are so many domestic and regional competitors, global sales for industrial ceramics are highly fragmented and competitive. Key players use a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships to cater to the rising demand for industrial ceramics.
Leading organizations also use new product creation as a strategic way to expand their sales of industrial ceramics among consumers. Ceramics has grown as a result of these strategies.
Some of the market participants identified in the industrial ceramics market include:
Recent developments in the industrial ceramics market include:
CeramTec created a new 3D printing technology in 2021 to create construction pieces out of technical ceramics. It is a low-cost and quick 3D printing method.
In 2019, Kyocera Corporation announced the acquisition of Friatec GmbH's ceramic business. This acquisition has given the corporation a ceramic production operation in Europe, allowing it to fulfill expanding demand for industrial machinery components.
The report consists of key players, contributing to the industrial ceramics market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyzes the competitive landscape and industrial ceramics market share acquired by players to strengthen their market position.
| Report Attribute | Details |
|---|---|
| Growth rate | CAGR of 6.1% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2015 to 2020 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD Million, volume in kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments Covered | Type, Product, End Use, Region |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, United Kingdom., France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates(UAE), Iran, South Africa |
| Key companies profiled | Kyocera; Anderman Industrial Ceramics; Elan Technology; Khyati Ceramics; Industrial Ceramic Products; Inc.; Advanced Industrial Ceramics (AIC); Carborundum Universal Limited; CM Cera; A&B Industrial Ceramics; Schaefer Industrial Ceramics. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The industrial ceramics market is likely to register a CAGR of 6.1% during the forecast period.
Key players holding substantial industrial ceramics market share include Kyocera, Anderman Industrial Ceramics, Elan Technology, Khyati Ceramics, Industrial Ceramic Products, Inc., Advanced Industrial Ceramics (AIC), Carborundum Universal Limited, CM Cera, A&B Industrial Ceramics, Schaefer Industrial Ceramics.
As per the analysis, the industrial ceramics market share is likely to be USD 218.1 Billion by 2032.
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