Harnessing the Power of Advanced Materials: Alumina and Titanate Insights

In the United States, the rising demand for advanced ceramics is largely due to the preference for lightweight materials across multiple industries.

The global advanced ceramics market was valued at approximately USD 107.00 billion in 2023 and is projected to experience a steady growth rate with a compound annual growth rate (CAGR) of 4.2% between 2024 and 2030. This growth is being driven by the increasing demand for advanced ceramics across a wide range of industries, including growing sectors such as medical and telecommunications. These ceramics, also referred to as technical ceramics, offer enhanced properties such as improved magnetic, optical, thermal, and electrical conductivity. Their application helps end-users achieve greater efficiency in their products, ultimately leading to reductions in both production and energy costs. The Asia Pacific region stands out as a key market for the consumption of advanced ceramics, positioning itself as a global leader in this sector.

 

In the United States, the rising demand for advanced ceramics is largely due to the preference for lightweight materials across multiple industries. The increased production and utilization of these materials, particularly within the electrical and electronics sectors, reflect the growing need for uninterrupted connectivity. Additionally, the expanding electric vehicle (EV) market and the defense sector have contributed to the strong demand for advanced ceramics in the region.

 

Gather more insights about the market drivers, restrains and growth of the Advanced Ceramics Market

 

An example of this is seen in 2023 when the U.S. National Defense Authorization Act authorized USD 32.6 billion for Navy shipbuilding, a significant increase of USD 4.70 billion. Moreover, in April 2023, the Environmental Protection Agency (EPA) announced new, stricter environmental regulations targeting light- and medium-duty vehicles. These rules, which cover the 2027–2032 manufacturing period, address emissions of greenhouse gases (GHGs) and other harmful pollutants, including ozone, nitrogen oxides, particulate matter, and carbon monoxide.

 

Material Segmentation Insights

 

In terms of material type, alumina dominated the advanced ceramics market in 2023, accounting for over 34.0% of the total revenue share. This trend is expected to persist throughout the forecast period. Alumina-based ceramics are particularly suitable for demanding applications where high thermal stability and wear resistance are crucial, such as high-voltage semiconductor components, mechanical seals, insulators, and ballistic armor.

 

Titanate-based ceramics, on the other hand, are projected to witness the fastest growth rate in the coming years. These materials are particularly valuable in telecommunications, being widely used in antennas and resonators, especially dielectric resonators essential for microwave communication systems. As investments in wireless communication and 5G technology continue to rise, the consumption of titanate-based ceramics is expected to increase significantly.

 

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.

 


nayara

370 Blog posts

Comments