Advanced Ceramics: A Global Strategic Business Report
San Jose, CA (Vocus) September 27, 2010
Advanced ceramics market has been witnessing growth in both traditional and new application areas. In traditional applications, growth comes from performance enhancement either through a supplementary role or through substitution of conventional materials, while in newer applications, advanced ceramics are assuming greater role of delivering specific performances not feasible earlier. Technology innovations have over the years helped make performance and productivity improvements, a key factor instrumental in popularizing the usage of advanced ceramics in several industries.
Given that demand for advanced ceramics primarily depends upon the health of major end-use markets such as electronic components & electrical equipment, automotive, defense, chemical, and general engineering, among others, the deceleration in growth momentum witnessed over the last two years thus comes as no surprise. The electronic components industry, particularly in developed markets such as the US and Europe, remained sluggish, with poor economic climate dampening consumer purchases of electronic devices such as mobile phones, pagers, and electronic gaming systems, and subsequently the demand for components used in electronic products. Therefore, demand for electronic ceramics remained largely limited. The electrical equipment market, which is presently characterized by a saturated marketplace and limited product development, also posted a deceleration in its production volume over the past two years, thereby limiting market opportunities for advanced ceramics in products such as insulators.
Although the recession canceled out the heady growth patterns and overly optimistic expectations, the advanced ceramics market has successfully ridden the worst-ever downturn without recording erosions in market value. This is because the sheer magnitude of current and potential applications make advanced ceramics lesser prone to windfall erosions in market net worth. Additionally, the predominantly high-end, premium application areas of advanced ceramics like in medical products, where quality and functionality are factors not compromised with cost/price, cushions the market against steep declines, despite walking an economic tightrope. Factors expected to drive growth during the post recession period include continued penetration into new application areas such as cutting tools, membranes and joint implants, where they are highly preferred for their performance capabilities, recovery in the construction and housing sector, and growing preference for high-end technologies like advanced ceramics in automotive construction and design.
Technology improvements, especially in the fracture properties of ceramics, and evolution of new high-temperature fibers based ceramic composites, will also offer ample opportunities for growth. Chemically bonded ceramics will find extensive uses in advanced cement based construction products, such as, electrical fittings, wall panels, floors, roof tiles, cabinets and pipes. Extensive use of coated machinery components, strong future demand for advanced coatings, and breakthroughs in deposition processes will magnetize commercial opportunities for ceramic coatings. In the area of industrial equipment, ceramic heat exchangers will rise in popularity in industrial furnaces, gas turbine engines, industrial cogeneration, and fluidized bed combustion, thus spurring demand in the marketplace. The traditionally tough and beleaguered automotive end-use industry is expected to generate encouraging gains for advanced ceramics, largely as a result of the growing popularity of ceramic filters, a fallout of industry’s focus on advanced technologies. As the diesel engine technology continues to develop in the future, advanced ceramics will find potential applications in components, such as, turbocharger valve train components, glow plugs, piston, cap cylinders, exhaust train insulation, liners, air bearings, high-temperature bearings, and low friction liquid, lubricant-free bearings, among others.
Given the robust long-term opportunities in this industry, manufacturers are expected to look beyond the current weakness in market demand, to focus resources and investments on research and development, optimization of ceramic fabrication processes, installation of technologically superior processing and quality control equipment, and tailoring targeted marketing strategies.
As stated by the new market research report on advanced ceramics, Japan continues to remain the largest regional market for advanced ceramics. Growth prospects in Asia-Pacific remain encouraging, driven by rapid development in the IT and electronics industries in the region, particularly the electronics segment, which is the primary consumer of advanced ceramics. Market for advanced ceramics market in this region is expected to grow at a CAGR of more than 7.0% over the analysis period. By product, electronic ceramics market is the largest segment. Banking upon the continued proliferation of new applications in the electronics industry, the electronic ceramics will continue to remain the most prominent segment over the analysis period. The structural ceramics market is the fastest growing product segment, displaying a robust CAGR of more than 7.0% over the analysis period.
Major market participants include Applied Ceramics Inc., Brush Engineered Materials Inc., Ceradyne Inc., CPS Technologies Corporation, CeramTec AG, COI Ceramics Inc., CoorsTek Inc., Cookson Group PLC, Covalent Materials Corporation, General Electric Company, International Ceramic Engineering, KEMET Corporation, Kyocera Corporation, AVX Corp., American Technical Ceramics Corp., Kyocera Industrial Ceramics Corporation, Momentive Performance Materials Inc., Morgan Technical Ceramics, Murata Manufacturing Co. Ltd., NGK Insulators Ltd., Rauschert GmbH, Samsung Electro-Mechanics Company Ltd., Taiyo Yuden Co. Ltd., TDK Corporation, Vishay Intertechnology Inc., Yageo Corp., among others.
The research report titled “Advanced Ceramics: A Global Strategic Business Report”, published by Global Industry Analysts, Inc., provides a comprehensive review of trends, product developments, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific and Rest of World. Product segments analyzed include Electronic Ceramics, Chemical Processing & Environmental Ceramics, Ceramic Coatings, and Structural Ceramics.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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