Advanced ceramics market includes highly-developed ceramic materials, which possess high strength. These ceramics are lightweight, non-metallic, organic, and corrosion-resistant. These materials are formed via various raw materials that include alumina, titanate, zirconia, silicon carbide, aluminium nitride, silicon nitride, magnesium silicate and pyrolytic boron nitride. The silicon carbide-based advanced ceramics is expected to grow at the highest CAGR during the forecast period owing to its low weight, high strength, low thermal expansion, excellent thermal shock resistance, high wear temperature and high chemical resistance.
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The global advanced ceramics market is expected to showcase a significant growth during the forecast period (2017-2023). The market growth can be attributed to the increasing use of advanced ceramics as an alternative to metals and plastics. Other factor which is driving the growth of the market includes the growing medical industry. Advanced ceramics are used in joint implantation and dental implants, due to properties such as low wear resistance and chemical inertness.
Additionally, advanced ceramics are used in various end-user industries such as electronics and electricals, transportation, medical, industrial, defense and security, chemicals, marine, textile and construction. The electronics and electricals industry dominated the segment. This dominance is attributed towards the excellent corrosion resistance and low thermal expansion, when compared to metal and plastics.
Furthermore, the market on the basis of class is segmented as monolithic ceramics, ceramic matrix composites and ceramic coatings. Monolithic ceramics accounts for majority of the market share in this segment owing to its various lining and insulation application as they can withstand extremely high temperature. They are even resistant to abrasion and thermal shock.
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The key trend observed in the advanced ceramics market is the development of advanced ceramics coatings. Alumina, titanium oxides and zirconium oxides are commonly used coating materials in the advanced ceramics market for producing ceramic-on-metal medical components. In addition, prominent manufactures in the market have shifted towards advanced glass ceramic coatings based on silicon dioxide. The use of ceramics in these applications is likely to increase due to the emergence of newer ceramic coating techniques such as titanium, among medical component manufacturers.
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