The Functional Ceramics Global Market Report 2023, provides comprehensive information on the functional ceramics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global functional ceramics market size is expected to grow from $231.54 billion in 2022 to $277.24 billion in 2023 at a compound annual growth rate (CAGR) of 19.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global functional ceramics market size is expected to reach $539.87 billion in 2027 at a CAGR of 18.1%.
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Technology innovations are a key trend gaining popularity in the functional ceramic market. Major companies operating in the functional ceramics market are adopting new technologies to sustain their position in the market. For instance, in September 2020, TDK Corporation, a Japan-based electronics corporation, introduced new multilayer ceramic capacitors (MLCC) for automotive applications. These MLCCs with increased capacitance enable higher energy storage in a smaller form factor, which is beneficial for automotive electronic systems that require compact and high-performance components. The capacitors achieve capacitance values of 22 F in the 2012 size (2.0 x 1.25 x 1.25 mm) and 47 F in the 3216 size (3.2 x 1.6 x 1.6 mm), among the highest in the world.
The functional ceramics market is segmented:
1) By Type: Semiconductor Ceramics, Insulating Ceramics, High-temperature Superconducting Ceramic, Dielectric Ceramics, Piezoelectric Ceramics, Other Types
2) By Application: Pottery, Tiles, Abrasives, Sanitary Wave, Bricks And Pipes, Other Applications
3) By End User: Medical, Industrial, Building And Construction, Other End Users
Asia-Pacific was the largest region in the functional ceramics market in 2022.
The table of contents in TBRC’s functional ceramics market report includes:
- Executive Summary
- Functional Ceramics Market Characteristics
- Functional Ceramics Market Trends And Strategies
- Functional Ceramics Market – Macro Economic Scenario
- Functional Ceramics Market Size And Growth
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- Africa Functional Ceramics Market
- Functional Ceramics Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Functional Ceramics Market
- Functional Ceramics Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Morgan Advanced Materials
- Kyocera Corporation
- AGC Ceramics Co Ltd
- 3M Company
- Dyson Technical Ceramics Limited
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