The global market for ceramic materials is expected to grow by 23.7% to US$37 billion in 2024

Driven by the industrial demand of automobiles and semiconductors, the global market for ceramic materials is expanding. According to a survey conducted by Fuji Keizai, a Japanese market research agency, the ceramic material market grew to US$31.2 billion in 2018 (15.53 million tons, an increase of 4.0% compared to 2017), and is expected to expand to US$37.09 billion in 2024 ( An increase of 23.7%). In terms of oxide ceramic materials, in addition to titanium oxide (Titanium Oxide), wet silica (Wet Silica), aluminum oxide (Aluminum Oxide), etc., which account for most of the demand, the growth of barium titanate (Barium Titanate) is stable. ) Because of the increase in demand for Multi-layer Ceramic Capacitor (MLCC), its market growth has also attracted attention. Nitrides, under the background of miniaturization and high output power of automotive electronic equipment and other electronic components, the demand for heat dissipation materials has increased, and related adoption is expected to increase in the future.

Among the high-profile materials, silicon carbide (SiC), although the change in the slicing method of monocrystalline silicon ingots in China, has reduced the use of abrasives for solar cells, but there was still double-digit growth in 2018 Rate (increased by 11.7%), reaching 2.30 billion US dollars. Although the demand for solar cell abrasives is expected to disappear in the future, as the demand for engineering ceramics, power semiconductors and other applications increases, it is estimated that in 2024, it is expected to increase by 19.9% ​​compared to 2017, reaching US$2.47 billion.

In addition, about 90% of the demand for barium titanate is used as a dielectric material for multilayer ceramic capacitors. With the increase in the use of multilayer ceramic capacitors for automotive use, it has grown by 14.3% in 2018 and the amount has reached 400 million US dollars. . In view of the future progress of the Internet of Vehicles (IoT), the xEV of automobiles, and the 5G of mobile communications, it is expected to be substantially doubled in 2024 to reach US$710 million. The use of Boron Nitride, which is mostly used in molded products, is increasing in the use of heat dissipation materials. Although 2018 compared with 2017, it remained flat at US$130 million, but it is estimated to be in 2024 Can be expanded to 190 million US dollars (46.2% increase).

On the other hand, in the survey report, Fuji Keizai also made market forecasts for carboxymethyl cellulose (CMC) ceramics, which are ceramic composite materials. Since carboxymethyl cellulose ceramics can reinforce the brittleness of ceramics, and have characteristics such as light weight and excellent heat resistance, the market size is gradually expanding, focusing on aviation applications. It is expected to grow by 50.6% by 2024. The market size of 5.42 billion US dollars. It is also foreseeable that in the future, the use of nickel-based (Ni) alloys in the replacement of nickel-based (Ni) alloys in aero engine components, or the use of disc brakes in automobiles will continue to expand.

Article source https://www.materialsnet.com.tw/DocView.aspx?id=37965