The $100B Market of Advanced Ceramics
Updated April 8, 2024
Updated April 8, 2024
With increasing demand for their unique properties in various high-tech industries, advanced ceramics are experiencing market growth with a focus on materials that support the development of electric vehicles and renewable energies.
Key players, such as Kyocera, CoorsTek, 3M on the manufacturing side, and Tesla, Boeing, and Lockheed Martin as end users, have propelled the global advanced ceramics market to a staggering estimated $100+ billion USD market.
Some examples of typical uses in sustainable energy systems include:
Specific properties like high strength, wear resistance, high-temperature tolerance, and good electrical conductivity also lend themselves to play a significant role in defence applications. These materials are utilised in a wide range of military equipment and systems, including:
Whilst some end uses of advanced ceramics can help reduce net life-cycle carbon emissions, the production of advanced ceramics typically involves high-temperature processes such as sintering, firing and forming, leading to significant energy consumption. This translates to high carbon emissions when fossil fuels are the primary energy source during manufacturing. Advanced Ceramics have recently been added as its own new product to Sustainable Platform database of 30,000 companies, allowing users to find the companies involved in its supply chain, as well as the sustainability impact of companies involved in its provision and use.
For more information, access to SP data or a copy of the full research report, please contact info@sustainableplatform.com.
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