Advanced Ceramic Additives Industry Overview
The global advanced ceramic additives market size is expected to reach USD 781.3 Million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.0% from 2021 to 2028. The market growth is attributable to the increasing utilization of advanced ceramics in producing components in various end-use industries including medical, automotive, and electronics.
Advanced Ceramic Additives Market Segmentation
Grand View Research has segmented the advanced ceramic additives market on the basis of product, application, and region:
Based on the Application Insights, the market is segmented into Electrical Electronics, Automotive, Machinery, Environmental, Medical, Others.
- The electrical and electronics segment constituted the largest revenue share of over 55.0% in 2020. Advanced ceramics exhibit semiconducting, piezoelectric, and magnetic properties, which has propelled their application in the electrical and electronics industry.
- They are used in producing spark plugs, capacitors, fixed variable resistors, inductors, and circuit protection devices in the electrical and electronics industry.
- Government support and investments in the electronics industry are expected to contribute to the demand for advanced ceramics over the forecast period.
- Automotive is a key application segment of the market. Investments in this industry, especially in electric vehicles are anticipated to augment demand for advanced ceramics and benefit additives consumption over the forecast period.
Based on the Product Insights, the market is segmented into Dispersants, Binders, Others.
- The dispersants segment is anticipated to witness the highest CAGR of 5.3% over the forecast period, in terms of revenue. Dispersants aid the dispersing of powdered ceramics in solvents and help in stabilizing the slurry against sedimentation or flocculation.
- Growing demand for dispersants in advanced ceramics is attributable to low overall costs and growth in end-use industries like electronics and medical. Dispersants reduce water usage and energy costs considerably, which helps in increasing production output.
- Binders help the ceramic particles to bind together, which ensures high strength. They improve the mechanical strength of bodies, helping them to remain intact without any breakage before they go through the production process.
Advanced Ceramic Additives Regional Outlook
- North America
- Europe
- Asia Pacific
- Central South America
- Middle East Africa (MEA)
Key Companies Profile Market Share Insights
The market is extremely competitive in nature on account of presence of numerous players across the globe. The ongoing coronavirus pandemic had a harsh impact on the sales of the players in 2020 as the production and consumption of advanced ceramics declined.
Some prominent players in the global advanced ceramic additives market include
- BASF
- Bentonite Performance Minerals LLC
- BOZZETTO GROUP
- Dow
- Evonik Industries
- Solvay
Order a free sample PDF of the Advanced Ceramic Additives Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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