Engineered ceramics are ceramic compounds that are extensively used in various applications such as power generation, aero propulsion, E/O packaging, personnel protection, and industrial processing equipment. Structural applications of engineered ceramics are used in the manufacture of cutting tools, wear components, armor, and engines. Engineered ceramics are popularly known as advanced ceramics, technical ceramics, industrial ceramics, to fine ceramics. Engineered ceramics possess exceptional magnetic, optical, thermal, and electrical properties. Engineered ceramics are effective substitutes due to their striking features of excellent performance level and quality. There is a huge demand for engineered ceramics due to its extensive physical and chemical properties.
According to the study “Asia Engineered Ceramics Industry Situation and Prospects Research report”, the increase in stringent environmental regulatory issues and augmented competition level from substitute materials is the key factor affecting the growth of engineering ceramics industry. Engineered ceramics is categorized based on its application in various industries such as military, aerospace, and others. Asian engineered ceramics market is spread across China, Japan, India, Korea, Saudi Arabia and other regions. The growth in the market will be robust over the next few years due to many players who are focusing on investing heavily in R&D, partnerships, acquisitions, and joint ventures. The leading players in Asia’s engineered ceramics industry are CoorsTek, Smart Ceramics, Morgan Advanced Materials, Pingxiang Chemshun Ceramics Co.,Ltd, Blasch Precision Ceramics, and CeramTec. Type I and type II are the two types of products in Asian engineered ceramics market.
Engineered ceramics are used in various automotive heat engines, medical implants/devices, and electrochemical devices due to rise in the demands, widespread usage of coated machinery gears, increase in applications, adopting enhanced coatings, rising market in commercial sector, and huge investments. Asia accounts for a largest share in the engineered ceramics industry and it is estimated that the region will dominating the global market until next few years due to constant technological innovations, rise in the investments by the manufacturers, and heavy manufacturing base. Industrialization in emerging economies such as China and India has led to significant growth opportunities in Asian engineered ceramics market. Emerging economies are dependent on engineered ceramics industry that will drive an increased adoption. Asian engineered ceramics market is expected to witness a steady growth due to rising regulatory framework, growing adoption of engineered ceramics across various sectors and demand for quality that will drive the market over the next few years.
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