ADVANCED CERAMICS MARKET ANALYSIS

Advanced Ceramics Market Size and Trends

The global advanced ceramics market is estimated to be valued at USD 11.89 Bn in 2024 and is expected to reach USD 18.12 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

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The growing demand from various end-use industries such as electrical & electronics, transportation, medical, and industrial goods is driving the market growth. Advanced ceramics find wide applications in these industries owing to their properties such as strength, hardness, electrical conductivity, thermal stability, and corrosion and wear resistance. The market is witnessing increasing usage of advanced ceramics in electric vehicles owing to their high strength-to-weight ratio and stability at high temperatures. Moreover, the rising demand for ceramics from the medical industry for implants, dental crowns, hip replacement, and other prosthetics is supporting the market growth. The innovative applications of ceramics including ceramic matrix composites and piezoelectric ceramics are expected to open new growth avenues for the advanced ceramics market.

Rising Demand from Automotive Industry

The advanced ceramics market has witnessed significant growth in demand from the automotive industry in recent years. Ceramic materials such as alumina, zirconia, and silicon carbide are increasingly being used in automotive components that require high strength, hardness, corrosion, and temperature resistance. Ceramic brake discs and pads provide better braking power and longer lifespan than conventional grey iron discs. They also help reduce the overall weight of the vehicle, thereby improving fuel efficiency. Many automotive manufacturers have started utilizing ceramic brake systems in luxury and sports vehicles. Apart from brakes, advanced ceramics find wide applications in timing systems, turbochargers, and exhaust sensors due to their ability to withstand high exhaust gas temperatures.  The demand for lighter and more fuel-efficient vehicles has prompted automakers to replace metal parts with advanced ceramics wherever feasible. Ceramic parts are now commonly being used in catalytic converters for pollution control. Both particulate filters and NOx storage reduction (NSR) catalysts employ advanced ceramics to efficiently reduce toxic emissions from diesel engines. The growing environmental regulations regarding vehicle emissions will further spur the replacement of metallic components with ceramics.

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The advanced ceramics industry is witnessing rising popularity and proven benefits of ceramic materials in medical applications. Ceramics continue to replace traditionally used implant materials like stainless steel and titanium thanks to their unmatched biocompatibility. Zirconia, hydroxyapatite, bioglass, and alumina based ceramics have become gold standards for artificial hip, knee, and dental implants due to their ability to effectively bond with living tissue. They mimic natural bone properties and integrate harmoniously with the body. Ceramic tooth crowns and bridges offer a durable and aesthetically pleasing alternative to amalgam or composite fillings. The increasing consumer demand for cosmetic and preventive dentistry will promote the usage of ceramics.