The global advanced ceramics market was valued at USD 102.32 billion in 2023 and is projected to grow from USD 113.29 billion in 2024 and reach USD 250.30 billion by 2032, exhibiting a CAGR of 10.1% during the forecast period. Asia Pacific dominated the advanced ceramics market with a market share of 37.37% in 2023. Fortune Business Insights™ presented this information in a new report, titled, “Advanced Ceramics Market, 2025-2032.” The ongoing technological advancements and rising demand for modern consumer electronic appliances are expected to propel the need for electroceramics. Advanced ceramics is extensively used in such products because of their possession of multiple beneficial properties, such as compressive strength.

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A list of reputed advanced ceramics providers operating in the global market:

• International Syalons (UK)
• KYOCERA Corporation (Japan)
• S&S Advance Ceramics (India)
• Advanced Ceramics Manufacturing (U.S.)
• Nishimura Advanced Ceramics (Japan)
• CeramTec GmbH (Germany)
• CoorsTek Inc. (U.S.)
• Saint-Gobain (U.S.)
• Morgan Advanced Materials (UK)
• Technocera (India)
• Other Key Players

Kyocera Corporation Acquires 100% Shares of H.C. Starck Ceramics GmbH

In February 2019, Kyocera Corporation, a multinational ceramics and electronics manufacturer based in Japan, announced that Kyocera Fineceramics GmbH, its Germany-based European headquarters signed an agreement to acquire 100% shares of H.C. Starck Ceramics GmbH. This acquisition will help Kyocera to introduce its state-of-the-art fine ceramic manufacturing assets, innovative technologies, and production lineup in Europe. Such initiatives by prominent companies are likely to surge the demand for advanced ceramics worldwide.

Shutdown of Manufacturing Plants amid COVID-19 Pandemic May Impact Growth

Numerous companies in the U.S. and other countries have closed their manufacturing plants temporarily amid the COVID-19 pandemic. It has also disturbed supply networks in developing economies, such as India and China.  Also, electronics and automotive sectors showcased a decline in revenues backed by work-from-home norms. But, regulatory bodies are striving to bring everything back to normalcy by encouraging companies to start production. It would help in surging the demand for advanced ceramics in the next couple of years.

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