Alumina-based Ceramics Market: Overview
Aluminum oxide, or alumina (Al2O3), is a commonly used and well-known ceramic material that can be engineered based on end-use requirement. It provides a blend of electrical and mechanical characteristics owing to which it can be used in a wide-range of applications. Alumina-based ceramics have been employed in electrical components for several years due to their high electrical insulation properties. Their use in mechanical parts can be ascribed to their high strength and resistance to wear and corrosion.
Alumina-based ceramics are manufactured in a series of purities, along with the use of additives, which are specifically designed for certain end-uses. These ceramics can be produced in ranges of shapes and sizes depending on the requirement by different processing methods such as slip casting, extrusion, and injection molding. Additionally, brazing and metallizing techniques can be used to readily attach them with metals and other ceramics.
Alumina-based Ceramics Market: Drivers & Restraints
Major applications of alumina-based ceramics are in the electronics industry (substrates, resistor cores, and heavy-duty forming tools), textile engineering, the chemical industry (heat sinks and protection tubes required in catalyst carriers and thermal processes), tiles for wear protection and ballistics, and seal and regulator discs for water taps and valves. Alumina-based ceramics are also used to manufacture capacitors, insulators, resistors, sealing refractory parts, furnace and thermocouple protection tubes, wear pads, laboratory equipment, foundry shapes, cutting tools and abrasive powders, ballistic armors, and bio-ceramic parts for dental and orthopedic surgeries.
Alumina-based Ceramics Market Trends & Segmentation
Alumina-based ceramics are available in different ranges of purity from 85% to 99.9%. Wide range of purities can be produced due to superior resistance to abrasion, chemical, and high temperature and electrical insulating properties offered by alumina. Prominent features of these ceramics are their high hardness and dielectric constant, which makes these optimal for applications such as high wear and low electric loss.
Each year, around 100 million tons of alumina is produced; therefore, it is one of the most abundant ceramic materials. The versatility in terms of purity and design flexibility, and the abundance of alumina leads to alumina-based ceramics being one of the most cost saving material as compared to others.
In terms of end-user, the global alumina-based ceramics market can be segmented into electrical and electronics, medical, chemicals, metallurgical processes, mechanical engineering, and military equipment.
Alumina-based Ceramics Market: Region-wise Outlook
Based on region, the global alumina-based ceramics market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a dominant share of the global market in 2017. The region was followed by Europe and North America.
Asia Pacific accounted for a large share of the global alumina-based ceramics market due to high demand for alumina-based ceramics from metal fabrication and electrical & electronics industries. Rapidly expanding electrical & electronics sector in the region is expected to further boost the demand during the forecast period. Countries, such as China, Japan, South Korea, and India, are anticipated to add substantially to the regional demand in Asia Pacific market.
Consumption of alumina-based ceramics is estimated to increase considerably in countries such as Germany, France, and the U.K. in Europe. In terms of demand, global alumina-based ceramics market share of Western Europe is projected to be higher than that of Rest of Europe.
Rise in demand for metal fabricated components from the automotive sector is anticipated to create opportunities for the alumina-based ceramics market in Latin America and Middle East & Africa.
Alumina-based Ceramics Market: Key Players
Key players operating in the global alumina-based ceramics market include Morgan Advanced Materials plc, KYOCERA Corporation, CeramTec, Dynamic Ceramic, Ceramco Inc., NTK Cutting Tools U.S.A., and Elan Technology.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.