Press Releases

Bioceramics Sector Driving Overall Growth in Ceramics Market

March 15, 2016

Wellesley, Mass., March 15, 2016 – Advanced structural ceramics have the potential to resolve many material-based challenges in a host of commercial and industrial markets.  BCC Research reveals in its new report that breakthroughs in advanced ceramics technology are having a vast impact on global business and society.

Technical and advanced structural ceramics include all industrial and commercial inorganic nonmetallic solids. These are typically compounds of metallic elements and oxygen, but many are compounds of metallic elements and carbon, nitrogen or sulfur. Atomic structures are typically crystalline but may be a combination of the glassy and crystalline phases. The unifying properties are their maintenance of mechanical strength in spite of brittleness, chemical durability, high melting points, hardness, wear resistance, corrosion resistance, light weight, and thermal and electrical conductivity lower than that of metals.

The total technical and advanced structural ceramics market in North America is projected to reach nearly $6.7 billion in 2020. Growth rates in the various sectors of technical and advanced structural ceramics range from a high of 15.3% to a low of 13.1%. Bioceramics comprise the largest sector, with about 67% of the total dollar value in 2014. Medical implants and dental uses are both major contributors to this sector. The bioceramics sector is projected to retain its lead in 2020, with about 67% of the value of the market.

The advanced armor and military sector is expected to remain the second-largest segment, although its growth rate will be lower than in the recent past due to the U.S. disengagement from Iraq and Afghanistan and lower overall defense expenditures. Wear-resistant applications, particularly ceramic bearings, comprise the third-largest segment, reflecting growth of the wind-energy sector.  Energy and high-temperature-resistant components as a segment should demonstrate the highest five-year compound annual growth rate (CAGR), at 15.3%, reaching a total value of $263 million in 2020, up from $129 million in 2015.

Continued improvements to the fabrication and synthesis of advanced technical and structural ceramic materials and the use of more complex mixes to produce desired properties are projected to drive industry growth, particularly in the bioceramics sector.

There is a trend toward using alumina-based reinforced and/or composite materials and using alumina in combination with other materials to optimize properties. Aluminum oxide with titanium carbide or silicon carbide is one of the simplest examples.

“Alumina-based ceramics are commonly used in tool inserts, wear-resistant components and energy and high-temperature-resistant components in which ceramic components are used in solid oxide fuel cells to convert a feed of natural gas into electricity,” says BCC Research analyst Andrew McWilliams. “An interesting and relatively new application for alumina-based ceramics is ceramic membranes for seawater desalinization. Alumina-based ceramics constitute roughly 42% of the market for advanced structural ceramics by material type, followed by zirconia with 30%.”

Technical and Advanced Structural Ceramics: North American Markets (AVM011F) analyzes materials used in various structural ceramic application categories and their respective properties, processing technologies, properties and prices in U.S. markets.  Analyses of global market drivers and trends, with data from 2014, 2015, and projections of CAGRs through 2020 also are provided.

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.

Technical and Advanced Structural Ceramics: North American Markets( AVM011F )
Publish Date: Mar 2016    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.