by Advanced ceramics have found widespread use in biomedical applications due to their mechanical strength, biocompatibility, corrosion resistance and bioinertness. They are used in dental and orthopedic implants, surgical and medical devices, diagnostic instruments and labware. Ceramic materials such as zirconia and alumina are preferred for dental crowns, bridges and orthopedic joint replacements due to their ability to closely resemble natural bone. Ceramic shafts and balls are used in hip and knee replacement surgeries with zirconia ceramics emerging as a biomaterial of choice.
The global Advanced Ceramics Market is estimated to be valued at US$ 91617.4 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rapid adoption of advanced ceramics in the medical industry has been a major trend driving the advanced ceramics market growth over the past few years. Ceramic biomaterials have gained acceptance due to their excellent biocompatibility allowing for integration with living bone tissue without eliciting negative immune responses. Properties like mechanical strength, fracture toughness and corrosion resistance suit them for load-bearing implants. They are increasingly replacing metals in joint replacements and dental implants. Continuous R&D is expanding applications with novel ceramic materials and surface modifications improving integration with bone. Composites incorporating ceramics with other materials are also enhancing mechanical properties. The medical application segment is expected to grow the fastest due to new product innovations and increased usage of advanced biomimetic ceramics for orthopedic and dental procedures.
SWOT Analysis
Strength: Advanced ceramics offers excellent mechanical strength, elevated temperature capability, corrosion and wear resistance. These ceramics find wide applications in harsh operating environment.
Weakness: Development of advanced ceramics requires high capital investment. Moreover, processing of advanced ceramics is complex involving sintering at very high temperatures.
Opportunity: Growing demand from various end-use industries like electronics, automotive and energy drives the market growth. Adoption of advanced ceramics increases in specialty applications requiring high performance.
Threats: Availability of alternative materials limits the scope of advanced ceramics. Stringent environmental regulations associated with ceramic processing pose challenges.
Key Takeaways
The Global Advanced Ceramics Market Size is expected to witness high growth.
Regional analysis: The Asia Pacific region dominates the global advanced ceramics market and is expected to maintain its lead during the forecast period. Countries like China, India, Japan and South Korea are major markets in the region. Abundant raw material availability and massive growth of end-use industries like electronics and automotive lead to highest demand and production of advanced ceramics in Asia Pacific.
Key players related content comprises Key players operating in the advanced ceramics market are 3M (Ceradyne Inc.), AGC Inc., Applied Ceramics, Blasch Precision Ceramics Inc., Ceramtec, COI Ceramics Inc., Coorstek Inc., Corning Incorporated, International Ceramics Inc., Kyocera Corporation, MARUWA Co. Ltd, Materion Corporation, McDanel Advanced Ceramic Technologies, Morgan Advanced Materials, Murata Manufacturing Co. Ltd, Rauschert GmbH, Saint-Gobain, Small Precision Tools Inc., Vesuvius, and Wonik QnC Corporation. These key players focus on new product development and expansion strategies to gain leading position in the global market.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
