Press Releases

Advanced Ceramics and Nanoceramic Powders Market to See 8.6% Annual Growth Through 2023

Fine Grain, Uniform Particle Sizes Most Sought for Their High Strength and Reliability

May 20, 2019

WELLESLEY, Mass., May 20, 2019–The fast growth of nanosized ceramic powders is helping to shape the global ceramic powders market, according to a report by BCC Research.

The market expects to see a compound annual growth rate (CAGR) of 8.6% through 2023, when it could be worth $24.5 billion, according to the report Advanced Ceramics and Nanoceramic Powders.

Major players in the market include BASF (BAS), Cabot Corp. (CBT), Evonik Corp. (EVK), Kemira (KEMIRA), Nanophase Technologies (NANX), and Praxair (PX).

Research Highlights

  • Advanced ceramics lead the market by size, with a 2018 value of $13.1 billion, followed by nanosized ceramics at $3.1 billion.
  • Electronic/electrical powders were valued at $9.2 billion in 2018, while structural powders were valued at $508.4 million and thermal spray powders were valued at $214.2 million.
  • Electronic/electrical nanoscale ceramic powders will hold 53% of the market in 2023, followed by chemical/environmental powders at 21.6% and medical at 20.1%.

“Advanced ceramics are a significant category of engineered materials pushing the performance of technology-based components and systems,” notes report author Andrew McWilliams. “They are an enabling technology critical to a wide range of applications including electronic devices and systems, high temperature applications such as advanced combustion engines and high temperature environments, and applications such as abrasives, cutting tools, and guide fixtures where high hardness and chemical stability is required.”

Technical Issues Include Particle Size, Rheology Control

There are a number of technical issues guiding the market, the report adds. Chief among those is particle size. Fine grain size is generally desirable in finished ceramics as it imparts high strength and permits fine dimensional control. Control of the rheology or particle fluid flow characteristics, meanwhile, is required for spray drying, tape casting or slip casting. Uniformity is highly prized in the industry as nonuniform ceramic powders can diminish reliability and post an unacceptable risk to engine components and other structural ceramic applications.

Editors/reporters requesting analyst interviews should contact Sarah Greenberg at press@bccresearch.com.

Advanced Ceramics and Nanoceramic Powders( NAN015J )
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