Technical Ceramics Market,

Global, 2024‒2030

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Innovative New Material Grades

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Driving Transformational Growth
by Catering to Emerging
Applications

Global Chemicals, Materials, &

N u t r i t i o n R e s e a r c h Te a m a t
Frost & Sullivan

PFDB-92
November 2024

© 2024 Frost & Sullivan. All rights reserved. This document contains highly confidential information and is the sole property of Frost & Sullivan.
No part of it may be circulated, quoted, copied, or otherwise reproduced without the written approval of Frost & Sullivan.
2 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Contents

Section Slide Number

Scope and Segmentation 9
 Scope of Analysis 10
 Market Definition 11
 Segmentation 12

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Growth Environment: Transformation in the Technical Ceramics Industry 13

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 Why Is It Increasingly Difficult to Grow? 14
 The Strategic Imperative 8 15
 The Impact of the Top 3 Strategic Imperatives on the Technical Ceramics Industry 16
Technical Ceramics Industry Ecosystem 17
 Competitive Environment 18
 Distribution Channels 19
Growth Generator 20
 Growth Metrics 21
 Revenue and Volume Forecast 22
 Percent Volume Forecast by Product 23
3 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Contents (continued)

Section Slide Number

 Percent Revenue Forecast by Product 24
 Revenue Forecast Analysis 25
Growth Generator: Alumina 26
 Growth Metrics 27

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 Overview 28

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 Growth Environment 29
 Growth Drivers 30
 Growth Driver Analysis 31
 Growth Restraints 33
 Growth Restraint Analysis 34
 Revenue and Volume Forecast 36
 Value Chain Analysis 37
 Competitive Structure 38
Growth Generator: Zirconia 39
 Growth Metrics 40
4 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Contents (continued)

Section Slide Number

 Overview 41
 Growth Environment 42
 Growth Drivers 43
 Growth Driver Analysis 44

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 Growth Restraints 46

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 Growth Restraint Analysis 47
 Revenue and Volume Forecast 49
 Supply Chain 50
 Competitive Structure 51
Growth Generator: Other Oxides 52
 Growth Metrics 53
 Overview 54
 Revenue and Volume Forecast 55
 Forecast Analysis 56
 Supply Chain 57
5 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Contents (continued)

Section Slide Number

 Competitive Structure 58
Growth Generator: Silicon Carbide 59
 Growth Metrics 60
 Overview 61

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 Growth Environment 62

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 Growth Drivers 63
 Growth Driver Analysis 64
 Growth Restraints 66
 Growth Restraint Analysis 67
 Revenue and Volume Forecast 69
 Supply Chain 70
 Sustainability Perspective 71
 Competitive Structure 72
Growth Generator: Silicon Nitride 73
 Growth Metrics 74
6 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Contents (continued)

Section Slide Number

 Overview 75
 Growth Environment 76
 Growth Drivers 77
 Growth Driver Analysis 78

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 Growth Restraints 80

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 Growth Restraint Analysis 81
 Revenue and Volume Forecast 83
 Supply Chain 84
 Supply Chain Dynamics 85
 Competitive Structure 86
Growth Generator: Boron Nitride and Boron Carbide 87
 Growth Metrics 88
 Introduction 89
 Growth Environment 90
 Growth Drivers 91
7 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Contents (continued)

Section Slide Number

 Growth Driver Analysis 92
 Growth Restraints 94
 Growth Restraint Analysis 95

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 Revenue and Volume Forecast 96

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 Segmentation by Product Type 97

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 BN Supply Chain 98
 B4C Supply Chain 99
 Supply Chain Dynamics 100
 Competitive Structure 101
Growth Generator: Other Non-oxides 102
 Growth Metrics 103
 Overview 104
 Revenue and Volume Forecast 105
 Forecast Analysis and Supply Chain Dynamics 106
8 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Contents (continued)

Section Slide Number

Growth Opportunity Universe 107
 Growth Opportunity 1: Creating a Portfolio for Markets Undergoing Electrification 108
 Growth Opportunity 2: Practicing Sustainability 110
 Growth Opportunity 3: Embracing Advanced Manufacturing Technologies 112

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Appendix & Next Steps 114

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 Benefits and Impacts of Growth Opportunities 115
 Next Steps 116
 List of Exhibits 117
 Legal Disclaimer 121

Author: Brian Balmer

 9
PFDB-92

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Scope and Segmentation

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Technical Ceramics Market, Global, 2024‒2030

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10 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Scope of Analysis

• This study is an update of our previous study on this

Scope
market, MA84-39, from 2018.
Geographic Coverage Global
• It covers existing trends while adding to those in MA84-39
and gauges the impacts of the drivers and restraints. Study Period 2020–2030

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• The study takes a deep dive into the following product
Base Year 2023

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types: alumina (Al2O3), zirconia (ZrO2), other oxides,

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silicon carbide (SiC), silicon nitride (Si3N4), boron nitride Forecast Period 2024–2030
(BN) and boron carbide (B4C), and other non-oxides.
Monetary Unit US Dollars ($)
• The study considers the market’s generated volume and
revenue from 2020 to 2030. Volume Kilo-tonnes (kt)

• Most published information on technical ceramics has Currency Conversion Rate

€1.00 = $1.10
focused on the revenues associated with the fabricated (as of 31 December 2023)
parts industry. Therefore, this study closely aligns with
market opportunities for upstream companies selling
powder and related raw materials.

Note: Other Oxides includes all metal oxides used as technical ceramics except alumina and zirconia.
Other Non-oxides includes all metal carbides, nitrides, and borides used as technical ceramics, with
the exception of those listed separately.

Source: Frost & Sullivan

11 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Market Definition

• This table provides an example of how many companies define what comprises technical ceramics.
For example, BN’s primary use is in technical ceramics, but in addition,

o Industrial refractory applications use refractory grades of BN, and

o Technical grades can act as solid lubricants or coating ingredients.

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Technical Ceramics Market: Scope and Definitions, Global, 2018

Not a Solid, Sintered Non-technical

Micro-structure Part Applications Technical Applications
Coarse SiC, metallurgical grade Bricks Industrial refractories

Fine Abrasives, cutting tools, Tableware, decorative Technical Ceramics

BN solid lubricant, ceramics, ceramic
physical vapor (PV) sanitary ware, wall and
deposition coatings floor tiles

Focus of this Research

Source: Frost & Sullivan

12 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Segmentation

Technical Ceramics

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Oxides Non-oxides

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Alumina Zirconia Other Oxides Silicon Carbide

Silicon Nitride

Boron Ceramics

Note: The Other Oxides category is dominated by magnesia and metal silicates. Other Non-oxides
The primary material in the Other Non-oxides category is aluminium nitride.

Source: Frost & Sullivan

13 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Environment:
Transformation in the
Technical Ceramics

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Industry

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Is your company prepared to Survive
and Thrive through the coming
Transformation?
14 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8 : Factors Creating Pressure on Growth

Customer Value
Chain Compression

Innovative Transformative
Business Models Megatrends

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DISRUPT
COLLAPSE
Industry Internal
Convergence TRANSFORM Challenges

Disruptive Competitive
Technologies Intensity
Geopolitical
Chaos

Source: Frost & Sullivan

15 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

The Strategic Imperative 8

Customer Value Chain

Innovative Business Models Transformative Megatrends Internal Challenges
Compression

A new revenue model that Customer value chain Global forces that define the The internal organizational
defines how a company compression as a result of future world with their far- behaviors that prevent a
creates and capitalizes advanced technologies, reaching impact on company from making

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economic value, typically internet platforms, and business, societies, required changes

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impacting its value other direct-to-consumer economies, cultures, and
proposition, product models that enables personal lives

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offering, operational reduction in friction and the
strategies, and brand number of steps in
positioning customer journeys

Competitive Intensity Geopolitical Chaos Disruptive Technologies Industry Convergence

A new wave of competition Chaos and disorder arising New, disruptive Collaboration between
from start-ups and digital from political discord, technologies that are previously disparate
business models that natural calamities, displacing the old, and industries to deliver on
challenge the standing pandemics, and social significantly altering the way whitespace cross-industry
conventions of the past, unrest that impact global consumers, industries, or growth opportunities
compelling established trade, collaboration, and businesses operate
industries to re-think their business security
competitive stance

Source: Frost & Sullivan

 16 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

The Impact of the Top 3 Strategic Imperatives on the Technical

Ceramics Industry
SI8

Transformative Megatrends Disruptive Technologies Industry Convergence

• Several transformative megatrends, such as • Efforts to enhance production efficiency and

net-zero (particularly the shift to renewable cost-effectiveness have led to the rapid
energy sources), IT transformations (e.g., evolution of automation since the start of the
Industry 4.0, the Internet of Things [IoT], and industrial era. • Ceramics are increasingly finding
applications in diverse sectors such as

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5G), and electrification (especially within • The automation of component production has
healthcare (medical implants, dental tools),
WHY

transportation) are influencing the technical

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culminated in 3D printing. Since its initial use
ceramics market. energy (batteries, solar cells), and
in prototyping, it has emerged as a pivotal
consumer electronics (smartphones,

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• These trends create new opportunities and technology for full-scale manufacturing.
wearables).
challenges for market players, leading to the • Substantial advancements in 3D printing have
development of advanced materials and expanded its use for many materials, including
technologies. ceramics.

• Industry conglomerates are looking at an

• The impact of these megatrends can increasingly broad range of 3D printing • Convergence opens doors to previously
significantly disrupt the ceramics industry. technologies to mitigate production untapped or underutilized market
FROST PERSPECTIVE

Some new applications, such as silicon limitations. For example, Carborundum segments and applications. For example,
carbide for power semiconductors, require Universal Ltd. (CUMI) installed a 3D printer ceramics that integrate with IoT sensors
material grades different from those of other from 3DCeram in 2024. can create smart systems for industrial
applications, necessitating substantial capital • Technology advancements at product and automation or healthcare monitoring,
investment to compete. manufacturing levels will take center stage in opening new revenue streams.

• At the same time, market trends can remove 3–5 years. • Participants actively collaborating with
the need for some ceramics, as with silicon • Companies should leverage advanced different tiers will gain a competitive
nitride in earlier generations of PV cells. manufacturing technologies to stay ahead in advantage.
this dynamic market.

Source: Frost & Sullivan

17 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Technical Ceramics
Industry Ecosystem

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How is the complexity of Ecosystem

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impacting your Future Growth
Potential?
18 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Competitive Environment

Number of Competitors More than 50

Performance; price; access to raw materials; flexibility regarding supply

Competitive Factors of basic powder, ready-to-press formulations or prepared bodies;
sustainability

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Key End-user Industry Verticals Automotive, electronics, aerospace, industrial equipment, medical

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Saint Gobain, Tosoh, Alzchem, Ube Industries, Denka, Almatis, Fiven,
Leading Competitors
ESK, Washington Mills

Revenue Share of Top 5 Competitors

30%–40%
(2023)

Other Notable Competitors Alpha HPA, Imerys, Coorstek, Morgan Advanced Materials

Direct sales; distributors; some ceramic markets have significant vertical

Distribution Structure
integration (e.g., part fabricators producing their own powder)

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
19 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Distribution Channels

Technical Ceramics Market: Supply Chain, Global, 2023 • Every material that technical ceramics employs has a
unique route to market, and each offers different
opportunities for chemical companies to supply raw
Mined natural Synthetic raw materials.
minerals materials
• The supply chain on this slide is illustrative. Several other
possible steps in the complex ceramics market depend on

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factors such as the complexity of the final component’s

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shape.
Ceramic powder

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For applications other than • For example, intermediate finished parts can come as
technical-engineered ceramics
blanks, prepared bodies, near-net shapes, or components.
Sintering is typically the final step, although machining
Report quantifying these uses of
powder as part of the technical
can occur before or after.
ceramics value chain
• The main route to market that bypasses ceramic powder
is creating fabricated parts from synthetic raw materials.
Formulations (with, This process encompasses techniques such as chemical
Prepared
for example, sintering vapor deposition (CVD) and reaction bonding (e.g., the
bodies
aids)1 creation of silicon nitride [Si3N4] parts by sintering a
silicon [Si] body in an atmosphere of nitrogen gas [N2]).

• This research does not include the direct creation of

fabricated parts from natural minerals because this
Fabricated parts constitutes the traditional ceramic industry (tiles,
1Sometimes referred to as ready-to-press tableware, and sanitaryware) rather than the technical
ceramics industry.

Source: Frost & Sullivan

20 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Generator

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What are your organization’s Growth

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Aspirations?
21 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Metrics

Technical Ceramics Market: Growth Metrics, Global, 2023

Average Price Per Revenue for Last

Life Cycle Stage Revenue Volume Year of Study Period
Unit

681.4 kilo

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Growth $4,740.8 M $7.0/kg $6,908.2 M
tonnes

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(2023) (2023) (2023) (2030)

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Base Year Growth Compound Annual Number of Degree of
Concentration
Rate Growth Rate Competitors Technical Change

6.7% 5.5% >50 7 30% to 40%

(active competitors in (scale:1 [low] to 10 [high]) (Share of top 5
(2023) (2023‒2030)
2023) competitors)

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
22 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Revenue and Volume Forecast

Technical Ceramics Market: Revenue and Volume Forecast, Global, 2024‒2030

Volume CAGR, 2023‒2030 = 5.0%
Revenue CAGR, 2023‒2030 = 5.5%
8,000.0 1,200.0

7,000.0
1,000.0

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6,000.0
Revenue ($ Million)

800.0

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5,000.0

Volume (kt)
4,000.0 600.0

3,000.0
400.0
2,000.0
200.0
1,000.0

0.0 0.0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue 3,850.5 4,130.4 4,442.8 4,740.8 5,059.3 5,370.6 5,648.1 5,940.0 6,259.3 6,576.8 6,908.2
Volume 589.9 617.9 649.3 681.4 715.1 750.8 786.6 826.2 869.9 913.9 959.5

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
 23 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Percent Volume Forecast by Product

Technical Ceramics Market: Percent Volume by Product Technical Ceramics Market: Percent Volume by Product
Type, Global, 2023 Type, Global, 2030

BN and B4C BN and B4C

Si3N4 Other non

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0.5% Other non 0.5%
0.4% Si3N4 oxides
oxides

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SiC 0.4% 0.1%
0.1%
10.1% SiC

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12.7%

Other oxides
19.4% Other oxides
18.3%

Alumina
Alumina 59.8%
61.5%

Zirconia Zirconia
8.0% 8.2%

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
24 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Percent Revenue Forecast by Product

Technical Ceramics Market: Percent Revenue by Product Technical Ceramics Market: Percent Revenue by Product
Type, Global, 2023 Type, Global, 2030

BN and B4C Other non

Si3N4 4.2% oxides BN and B4C
Other non oxides

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2.1% 1.4% Si3N4 3.9%
1.4%
SiC 2.2%

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6.2% SiC
8.2%

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Other oxides
5.0% Other oxides
4.6%

Alumina Alumina
55.1% 50.7%

Zirconia
26.0%
Zirconia
29.0%

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
25 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Revenue Forecast Analysis

• Ceramic materials are crucial to the rapidly growing renewable energy and energy storage markets.
The increasing adoption of ceramics over competing materials is driving revenue growth, and some
ceramic materials with low market penetration will show significant growth.

• Demand for other ceramics is increasing primarily because they already have high market penetration

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in rapidly growing end markets.

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• The strong demand for higher-priced, premium grades of ceramics boosts revenue beyond volume
growth. However, significant price differences between low- and high-end grades make revenue
growth highly sensitive to the sales mix of these grades.

• This study emphasizes revenue from pure ceramic powder sales. Powder producers can increase
revenue by expanding into formulations, prepared bodies, or semi-finished parts, though fabricators’
in-house processing limits opportunities.

• Innovative new material grades, particularly nano-scale powders, which cater to emerging applications
such as energy storage in EVs, will drive long-term growth.

Source: Frost & Sullivan

26 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Generator:
Alumina

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What are your organization’s Growth

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Aspirations?
27 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Metrics

Alumina: Growth Metrics, Global, 2023

Units/ Average Price Per Revenue for Last

Life Cycle Stage Revenue Year of Study Period
Volume Unit

420.0 kilo

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Growth $2,608.2 M $6.2/kg $3,494.8 M
tonnes

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(2023) (2023) (2024) (2030)

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Base Year Growth Compound Annual Number of Degree of
Rate Growth Rate Competitors Technical Change

6.5% 4.3% >10 6

(active competitors in (scale:1 [low] to 10 [high])
(2023) (2023‒2030)
2023)

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
28 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Overview

The calcined alumina and alumina ceramic industry is integral to Alumina: Supply Chain Overview, Global, 2023
numerous high-tech and industrial applications. Aluminum (Al)
metal production (through smelting processes) uses
approximately 90% of the material. Raw
materials
While Al metal production uses the majority of calcined alumina,
its non-metallurgical applications, particularly in technical

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ceramics, are vital for advancing technology and improving the
performance of a wide range of products.

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Powder
The ongoing development and demand for high-performance

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materials underscore the importance of calcined alumina in the
global market. Other uses
Other routes
Other applications include: to market
• Refractories, catalyst substrates, ceramic glasses, and other
non-technical ceramics Parts
• Abrasives
• Fillers, pigments, and matting agents
• Cement such as calcium aluminate The share of powder production for use in
Less than 1%
technical ceramic applications
• Production of Al-containing chemicals
The share of technical ceramic parts
If a manufacturer makes a technical ceramic part from alumina, 100%
produced using powder
the only option is to use an alumina powder precursor. The other
routes to market in the graphic are unavailable in the alumina
industry.

Source: Frost & Sullivan

29 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Environment

This chart shows how market drivers and restraints combine to create the volume and revenue growth projections
for alumina.

Alumina: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030

6.0%

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5.0%
CAGR (2023–2030)

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4.0%

3.0%

2.0%

1.0%

0.0%
Growth in end Market Changing Route to Other Volume Price trends Revenue
markets penetration intensity of market trends disruptive growth growth
growth use growth

Note: Blue columns positively contribute to growth (drivers); khaki columns negatively contribute to growth (restraints). Price trends combine 2 individual
factors (inflationary and other) from the tables on the following drivers and restraints slides.
Volume and revenue growth are the cumulative overall effects of all relevant drivers and restraints.

CAGR = Compound Annual Growth Rate

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
30 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Drivers

Alumina: Growth Drivers, Global, 2024–2030

Driver 1–2 Years 3–4 Years 5–7 Years

End-market Volume Growth High High High

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Increasing Market Penetration High High High

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Disruptive Sources of Growth Medium High High

Source: Frost & Sullivan

31 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis

End-market Volume Growth
The end markets for alumina in technical ceramics are steadily expanding. Diverse applications across various industries,
including automotive, medical, and electronics sectors, are driving this expansion. These markets will grow at a 3%–4%
annual rate in volume.
The surge in consumer electronics, telecommunications, and semiconductor industries significantly contributes to this
demand. Consequently, the volume growth in these end-markets will propel a 3% increase in the alumina market.

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Increasing Market Penetration

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Alumina ceramics are gaining traction in various markets because of their superior performance over traditional
materials in areas such as durability, thermal/electrical properties, and biocompatibility while being cost-efficient.
Alumina is a more economical alternative than other technical ceramics (such as ZrO2) in medical implants.
The industrial sector’s need for durable and wear-resistant materials has increased the adoption of alumina ceramics in
cutting tools and wear parts. Despite the shift toward EVs, significant investments in enhancing combustion engine
technology persist, and alumina’s important role in improving spark plug performance, durability, and efficiency boosts
its market adoption.
Additionally, the advancement of 3D printing technologies is paving the way for additive manufacturing of alumina,
which is far more advanced than other ceramics and can unlock various applications requiring intricate designs and
complexities. While this development may not immediately boost the volume of applications, it could become a
significant advantage in the long run. Companies such as Formlabs have developed Alumina 4N resin specifically for
additive manufacturing. Although 3D printing will play a major role in the future, high costs and low technology
readiness are bottlenecks in the short to medium term.

Source: Formlabs; Frost & Sullivan

32 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis (continued)

Disruptive Sources of Growth
The utilization of alumina in lithium-ion (Li-ion) batteries represents a significant growth driver. The chart shown here is Frost & Sullivan’s
forecast from our recent study on Materials for Li-Ion Batteries (PEB2).
The HPA market is set for substantial growth because of its growing demand in high-tech applications, particularly electronics, light-emitting
diodes (LEDs), and Li-ion batteries.
Certain niche markets for HPA are significant because of their historical usage and growth potential. Processing HPA into synthetic sapphire

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produces high-quality, durable, scratch-resistant, and optically superior lenses compared to standard glass. The use of synthetic sapphire is

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widespread in watch lenses, and its adoption in cell phone camera lenses and other personal electronic devices is increasing. Many high-
quality glass forms often include 5%–10% HPA.

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Alumina’s role in enhancing battery safety, performance, Li-ion Battery Materials: Revenue and Volume Forecast,
and longevity is significant, especially as the EV market Global, 2019–2029
grows. Li-ion batteries are essential for energy storage in Revenue CAGR, 2022–2029 = 19.4%
a range of electronic devices because of their high cell Volume CAGR, 2022–2029 = 18.0%
140.00 6,000.0
voltage, good energy density, and long shelf life. Ceramic
materials, particularly HPA, often coat the polymer 120.00 5,000.0
separators in these batteries to prevent thermal
Revenue ($ Billion)

100.00
runaway, thus improving safety and performance 4,000.0

Volume (kt)
characteristics. 80.00
3,000.0
However, the market remains cost-sensitive, and HPA is 60.00
not growing as rapidly as anticipated because of its 2,000.0
40.00
higher production costs. However, eventually, as
20.00 1,000.0
industries continue to seek high-performance materials,
HPA’s superior properties and applications will make it a 0.00 0.0
crucial component in the evolving technological 2019 2022 2025 2029
landscape.
Source: Frost & Sullivan
33 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraints

Alumina: Growth Restraints, Global, 2024–2030

Restraint 1–2 Years 3–4 Years 5–7 Years

Increasing Costs Resulting from Supply Chain Disruptions High High High

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Changing Intensity of Use High High High

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Route to Market Trends Medium High High

Source: Frost & Sullivan

34 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraint Analysis

Increasing Costs Resulting from Supply Chain Disruptions
Global supply chain disruptions have posed significant challenges for alumina producers, affecting the procurement of raw
materials and timely delivery. These disruptions have increased prices and reduced profit margins.

In late 2023, bauxite mines in northern China faced closures because of government inspections, disrupting supply. Additionally,
government energy and emissions requirements forced several alumina refineries to close or reduce operations to meet targets.

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These factors removed more than 6 million tonnes of annual alumina capacity in China.

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For 2023, the average price for commodity-grade alumina Technical Ceramics Market: Alumina Commodity Prices,

IIM Bangalore
was $344 per tonne, while the contract price for ground Global, 2022–2024
calcined alumina for ceramic applications was an estimated
550
$705 per tonne.

Despite expectations that the situation would improve in 500

2024, economic uncertainties and inflationary pressures

USD per tonne

have prolonged these challenges. Consequently, supply chain
450
disruptions will remain a bottleneck for the industry in the
short term. The chart on the right shows the effect on prices.
At the time of writing, prices have risen, passing the 400
$600 per tonne (Oct 2024) mark.
350
In our previous Technical Ceramics report published in
Q2 2019, the alumina price index recorded a significant
spike, peaking at approximately $700 per tonne before 300
easing to levels closer to $300. Our new forecasts assume Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
current prices will also ease. 2022 2022 2023 2023 2023 2023 2024 2024 2024

Source: Frost & Sullivan

35 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraint Analysis (continued)

Changing Intensity of Use

As previous reports mentioned, the trends of miniaturization and lightweighting continue to impact various industries
and will negatively affect the quantity of alumina in important applications. While this opens opportunities for technical
ceramics to replace other alternatives, the negative impacts are more significant.

Li-ion batteries, a high-growth market for HPA, will require companies to diversify their portfolios strategically. The

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potential for solid-state batteries is particularly noteworthy because they eliminate the need for separators, which use
alumina as a coating. Although solid-state batteries will not immediately replace Li-ion batteries, their growth will be

IIM Bangalore
gradual.

Route to Market Trends

Alumina powder is a raw material of all alumina parts, so the route to market will not affect overall market volumes.

Source: Frost & Sullivan

36 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Revenue and Volume Forecast

Alumina: Revenue and Volume Forecast, Global, 2024‒2030

Volume CAGR, 2023‒2030 = 4.5%
Revenue CAGR, 2023‒2030 = 4.3%
4,000.0 700.0

3,500.0 600.0

Prohibited
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3,000.0
500.0
Revenue ($ Million)

VolumeDistribution
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2,500.0

(kt)
400.0

Unauthorized
2,000.0
300.0
1,500.0
200.0
1,000.0

500.0 100.0

0.0 0.0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue 2,102.6 2,269.5 2,449.5 2,608.2 2,777.1 2,933.8 3,044.7 3,156.1 3,277.8 3,384.5 3,494.8
Volume 362.5 381.0 400.8 420.0 440.2 460.8 480.7 502.8 526.9 549.6 573.2

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
37 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Value Chain Analysis

Alumina: Supply Chain Summary, Global, 2023

Synthetic chemical Alternative mineral

Bauxite ore
precursors sources (e.g., kaolin)

Al production

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Companies such as Altech are
Alumina developing new routes to

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(142 million tonnes per avoid the high raw materials
annum [mtpa]) 20 kilo tonnes costs of the synthetic route to

IIM Bangalore
Brown fused alumina high-purity alumina (HPA)
per annum
(typically 95% pure)
(ktpa)
Non-metallurgical applications
(10 mtpa)
$65 per kg
White fused alumina Synthetic HPA
(typically 99% pure)
Other non-ceramic Ceramic applications
applications (700 ktpa)
High-purity calcined alumina
40% 60%

Non- Technical Speciality grades (e.g., low

Abrasive and refractory
technical (420 ktpa) soda)
applications

Normal grades of calcined

alumina
Note: The data includes tabular alumina but does not show specific separation.
Manufacturers generally make tabular alumina from calcined alumina via heat $0.7 per kg
treatment. A range of ceramic and refractory applications can use tabular alumina.

Source: Frost & Sullivan

38 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Competitive Structure

• The primary consumers of alumina are Al smelters, where

Alumina: Main Industry Participants, Global, 2023
alumina serves as a raw material for Al production through
the Bayer process. Several companies specialize in producing
non-metallurgical alumina grades for applications such as Calcined Synthetic
technical ceramics. Company alumina HPA
Almatis X
• Alumina production has received several recent investments in

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new manufacturing capacity. Evonik has invested in fumed Alpha HPA X
aluminium oxide production in Japan, specifically for Li-ion

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batteries. Alteo X

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• The potential growing demand for alumina (especially HPA) Baikowski X
from the LED and Li-ion battery markets has stimulated much Coorstek X
of this investment. Australia has seen huge investments in
HPA production. Corning X

• ChemX Materials Limited (ASX) has begun commissioning the Evonik X

leach circuit in its HiPurA® HPA 24-tpa pilot plant in O’Connor, Kyocera X
Western Australia. Alpha HPA is investing $500 million in the
2nd stage of its battery metals plant in Gladstone, Queensland. Nabaltec X
Construction will start in the 2024 fiscal year, aiming to produce Nishimura X X
10,000 tonnes of HPA annually with advanced automation and
process control systems. Saint Gobain X X

• Corning’s Ribbon Ceramics is a one-of-a-kind product line using Sasol X X

the company’s revolutionary roll-to-roll, continuous Sumitomo Chemicals X X
manufacturing process to produce high-performance, fully
dense ceramic substrates in ribbon and wafer formats.

Source: Frost & Sullivan

39 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Generator:
Zirconia

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Aspirations?
40 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Metrics

Zirconia: Growth Metrics, Global, 2023

Average Price Per Revenue for Last

Life Cycle Stage Revenue Volume Year of Study Period
Unit

54.5 kilo

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Growth $1,231.7 M $22.6/kg $2,004.4 M
tonnes

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(2023) (2023) (2023) (2030)

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Base Year Growth Compound Annual Number of Degree of
Rate Growth Rate Competitors Technical Change

7.6% 7.2% >10 6

(active competitors in (scale:1 [low] to 10 [high])
(2023) (2023‒2030)
2023)

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
41 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Overview

In its monoclinic phase, pure ZrO2 exhibits poor thermal Zirconia: Supply Chain Overview, Global, 2023
and mechanical performance at room temperature. The
(partial or full) stabilization and toughening of almost all Raw
materials
zirconia for use in technical ceramics enhances its
properties. Forms include:

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• Yttria-stabilized ZrO2 (YSZ)

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Powder

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• ZrO2-toughened alumina (ZTA)
Other uses
• Magnesia-stabilized ZrO2 (MSZ) Other routes
to market
Companies such as International Syalons offer Zircalon 30,
a co-stabilized ZrO2-based ceramic with alumina-based Parts
platelets reinforcing the matrix.

ZrO2 powder production involves various routes, often via

intermediates such as zirconium oxychloride (ZOC).
The share of powder production for use in
However, the fabrication of zirconia technical ceramic 25%
technical ceramic applications
components exclusively uses ZrO2 as the raw material.
The share of produced technical ceramic
Alternative routes are not significant in this industry parts that use powder
>99%
segment.

Source: Frost & Sullivan

42 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Environment

This chart shows how market drivers and restraints combine to create the volume and revenue growth projections for
ZrO2.

Zirconia: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030
8.0%

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7.0%

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6.0%
CAGR (2023–2030)

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5.0%

4.0%

3.0%

2.0%

1.0%

0.0%
Growth in end Market Changing Route to Other Volume Price trends Revenue
markets penetration intensity of market trends disruptive growth growth
growth use growth

Note: Blue columns positively contribute to growth (drivers); khaki columns negatively contribute to growth (restraints). Price trends combine 2 individual
factors (inflationary and other) from the tables on the following drivers and restraints slides.
Volume and revenue growth are the cumulative overall effects of all relevant drivers and restraints.

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
43 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Drivers

Zirconia: Growth Drivers, Global, 2024–2030

Driver 1–2 Years 3–4 Years 5–7 Years

End-market Volume Growth High High High

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Increasing Market Penetration High High High

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Disruptive Sources of Growth Medium Medium Medium

Source: Frost & Sullivan

44 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis

End-market Volume Growth
ZrO2’s exceptional properties make it indispensable in various industrial applications. Its hardness and thermal stability
are ideal for cutting tools and wear-resistant parts.
In milling and grinding processes, ZrO2 serves as a durable and efficient grinding media. Its low thermal conductivity
makes it an excellent choice for thermal barriers in high-temperature environments.

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The medical field favors ZrO2 for dental implants because of its biocompatibility and aesthetic appeal. Prosthetics use
ZrO2 for joint replacements and other devices.

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The electronics sector benefits from ZrO2’s excellent electrical insulation properties and applications in oxygen sensors

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for automotive and industrial use.
Growth in end markets across these segments will contribute to an estimated 2.8% volume growth for ZrO2.
Increasing Market Penetration
The market penetration of ZrO2 will increase in some of its main end markets.
ZrO2’s hardness and wear resistance make it a superior alternative to steel and tungsten carbide in cutting tools and
grinding media, offering longer life and reduced maintenance. Thus, ZrO2’s market penetration as a replacement for
steel blades will increase significantly, as the previous report noted.
Medical implants are the other important market. ZrO2 is replacing titanium and other metal alloys in dental implants
and orthopedic prosthetics. Its biocompatibility, non-reactivity, and aesthetic appearance (resembling natural teeth)
make it an ideal material for these applications. Product developments by ZrO2 powder producers are an important
factor behind this growth in market penetration. Examples include the development of powders that match the color of
patients’ natural teeth.
Source: Frost & Sullivan
45 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis (continued)

Disruptive Sources of Growth

The end-user segment for 3D printing, particularly in medical implants requiring high customization, remains highly
attractive. However, ZrO2 has yet to match the commercial success of other ceramic materials in additive
manufacturing. Many companies in the field have already achieved high success rates with their additive manufacturing
of ZrO2.

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As 3D printing technology becomes mainstream, significant opportunities for ZrO2 will develop.

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In the short to medium term, demand for ZrO2 will primarily come from existing end-user segments.

Source: Frost & Sullivan

46 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraints

Zirconia: Growth Restraints, Global, 2024–2030

Restraint 1–2 Years 3–4 Years 5–7 Years

Changing Intensity of Use High High High

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Route to Market Trends High High High

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Supply Chain Disruptions High Medium Low

Source: Frost & Sullivan

47 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraint Analysis

Changing Intensity of Use

While future miniaturization trends in the main end markets will negatively affect some ceramics, this will not be a
major restraining factor for ZrO2.

Route to Market Trends

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The fabrication of the vast majority of ZrO2 technical ceramics uses ZrO2 powder as a precursor. Few exceptions exist;

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those that do include making ZrO2-mullite composites using zircon as a precursor.

IIM Bangalore
These alternative routes to the market will not significantly impact the growth of the ZrO2 powder segment during the
forecast period.

Source: Frost & Sullivan

48 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraint Analysis (continued)

Supply Chain Disruptions

From 2021 to 2023, the ZrO2 ceramics market faced considerable supply chain disruptions because of challenges
resulting from the COVID-19 pandemic, geopolitical tensions, raw material shortages, and logistical issues.

A handful of countries mine most of the ZrO2. Australia, Senegal, and South Africa are the major global exporters of
zirconium mineral concentrates, and China, India, and Spain are the primary importers. This dynamic makes the market

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vulnerable to supply chain disruptions.

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Iluka, the world’s largest producer of zircon sands, reported a price increase of $50 per tonne in Q2 2023. Despite the
challenging market conditions, Iluka’s commitment to sustainable value creation led to a 6% increase in the full-year
weighted average zircon premium and standard prices compared to 2022.

In the short term, price fluctuations will continue posing challenges to the market, though prices will stabilize in the
future.

Source: Frost & Sullivan

49 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Revenue and Volume Forecast

Zirconia: Revenue and Volume Forecast, Global, 2024–2030

Volume CAGR, 2023–2030 = 5.5%
Revenue CAGR, 2023–2030 = 7.2%
2,500.0 90.0

80.0

Prohibited
2,000.0 70.0

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VolumeDistribution
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Revenue ($ Million)

60.0
1,500.0

(kt)
50.0

Unauthorized
40.0
1,000.0
30.0

500.0 20.0

10.0

0.0 0.0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue 992.0 1,062.5 1,144.6 1,231.7 1,325.5 1,426.2 1,531.7 1,641.8 1,758.2 1,879.1 2,004.4
Volume 46.9 49.2 51.7 54.5 57.4 60.7 64.1 67.6 71.3 75.1 79.1

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
50 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Supply Chain

Zirconia: Supply Chain Summary, Global, 2023

1,400 ktpa (approximately

910 kt of ZrO2 content) in Little use
2023
Zircon sands Baddeleyite (natural
(typically, 65% ZrO2 as zirconium oxide) from
zirconium silicate) iron ores

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80% 10% 10%
Capacity of 200 ktpa ZrO2
equivalent, but large over-

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capacity (especially in China)
Direct uses of zircon and Fused ZrO2 Chemical-grade ZrO2*
others, mostly in commodity (69 ktpa)
ceramics
50% 50%
20
ktpa
Other applications Technical ceramics Pigments—the main market for
(pure ZrO2) chemical grades of ZrO2,
Other oxides (e.g., especially for inkjet printing of
alumina, yttria) ceramic tiles

45 kt total demand for ZrO2 in

Stabilized grades and technical ceramic applications
ZTA, for example

*Note: Dashed lines indicate that the process involves multiple steps. For example,
the production of most chemical-grade ZrO2 requires converting ores into ZOC, then
converting ZOC into zirconium basic carbonate or zirconium sulphate. Chemical-grade
ZrO2 is a precipitation from these precursors.

Source: Frost & Sullivan

51 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Competitive Structure

• Compared to pre-COVID-19-pandemic trends, more companies Zirconia: Main Industry Participants, Global, 2023
are now exploring potential alternative sources of ZrO2. For
Precipitated
example, American Rare Earths Ltd. discovered high-value high-purity
zircon as a possible co-product with rare earth elements at its Company Fused ZrO2 ZrO2

flagship Halleck Creek Project in Wyoming. Daiichi Kigenso Kagaku Kogyo Co.,
X
Ltd. (Daiichi)

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• Lithoz GmbH, based in Vienna, Austria, has successfully Doral X

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implanted an additive-manufactured ZrO2 subperiosteal jaw Guangdong Orient Zirconic1 X

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structure in a patient for the 1st time. As part of the EU-funded Imerys X
INKplant project, Lithoz developed and additively Innovnano X
manufactured the ceramic implant to address atrophic jaws, a Luxfer Group X
common problem in older patients. Saint Gobain X
Showa Denko X
• China dominates the production of chemical grades of ZrO2
TAM Ceramics2 X
from ZOC. However, the environmental impact of this
Tosoh X
production is a concern.
Treibacher Industrie AG3 X
• Statistics on China’s production are unreliable, and the Zircomet X X
volumes have not yet surpassed pre-COVID-19-pandemic
Notes
levels. Hence, for the study’s forecasts, we estimate the 1Guangdong Orient Zirconic is one of the leading Chinese producers of ZrO2,

production of chemical grades of ZrO2 to be 15 kt in China and although many others (not in this table) exist.
2TAM Ceramics produces ZrO2 powder, although with a much stronger focus on

5 kt in the rest of the world. applications outside technical ceramics.

3Treibacher previously produced fused minerals, such as ZrO2, but Imerys bought

the division, creating Imerys Fused Minerals, in 2000.

Source: Frost & Sullivan

52 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Generator:
Other Oxides

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53 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Metrics

Other Oxides: Growth Metrics, Global, 2023

Units/ Average Price Per Revenue for Last

Life Cycle Stage Revenue Year of Study Period
Volume Unit

132.0 kilo

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Growth $237.6 M $1.8/kg $317.6 M
tonnes

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(2023) (2023) (2023) (2030)

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Base Year Growth Compound Annual Number of Degree of
Rate Growth Rate Competitors Technical Change

4.3% 4.2% >10 5

(active competitors in (scale:1 [low] to 10 [high])
(2023) (2023‒2030)
2023)

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
54 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Overview

• While alumina and ZrO2 dominate the production of Other Oxides: Supply Chain Overview, Global, 2023
technical ceramics, various other materials play crucial
niche roles. These materials, including magnesium oxide Raw
materials
(MgO) and beryllium oxide (BeO), are valuable because
of their high melting points, chemical inertness,

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electrical insulation, and thermal conductivity.

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Powder
• Commonly mixed oxides in technical ceramics come

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from the alumina–silica–magnesia system and often
share chemistries with natural minerals, such as kaolin, Other uses
Other routes
which technical ceramics and porcelain use. The bulk of to market
this segment’s volume comes from mixed oxides.
Parts
• Additionally, manufacturers often blend materials such
as yttria with other oxides, such as YSZ. This category
includes the use of alumina powder to produce mixed
oxide sintered parts. The share of powder production for use in Less than
technical ceramic applications 10%
• This scope does not include constituent materials in
The share of produced technical ceramic
glass or glass ceramics production. Technical ceramics parts that use powder
100%
can utilize pure alumina and magnesia but not silica.
Fused quartz and fused silica are glasses, not ceramics.

Source: Frost & Sullivan

55 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Revenue and Volume Forecast

Other Oxides: Revenue and Volume Forecast, Global, 2024–2030

Volume CAGR, 2023–2030 = 4.1%
350.00
Revenue CAGR, 2023–2030 = 4.2% 200.0

180.0
300.00

Prohibited
160.0

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250.00 140.0
Revenue ($ Million)

VolumeDistribution
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120.0

(kt)
200.00

Unauthorized
100.0
150.00
80.0

100.00 60.0

40.0
50.00
20.0

0.00 0.0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue 210.8 218.8 227.8 237.6 247.8 258.2 268.8 279.6 291.9 305.4 317.6
Volume 117.7 121.9 126.7 132.0 137.5 143.2 148.9 154.7 161.4 168.6 175.2

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
56 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Forecast Analysis
Volume Trends
Various industries beyond technical ceramics, such as refractories, ceramic tiles, and tableware, use the materials
covered in the other oxides section extensively.
Some grades of these materials find applications in technical ceramics. For example, MgO applications include crucibles,
refractory bricks, and thermal insulation components because of MgO’s high thermal conductivity, electrical insulation,
and high-temperature resistance. BeO’s applications include electronic circuit substrates, heat sinks, and crucibles

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because of its exceptional thermal conductivity, electrical insulation, and mechanical strength.

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In technical ceramics, most MgO is a constituent of mixed oxide formulations, such as forsterite or MSZ, and receives

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relatively little industry attention. However, it remains a crucial raw material for mixed oxide technical ceramic parts,
including some high-end products.
Market trends remain consistent with the last report, and the growth rate of these materials will be lower than other
mainstream oxide ceramics, such as alumina and ZrO2.
Price Trends
Prices vary widely for the different materials in this section. Natural talc powder, a raw material for cordierite technical
ceramics, has a market price of approximately $300 per tonne.
Prices for pure oxides vary widely between materials. Magnesia and yttria are 2 of the most common other oxides for
use in technical ceramics.
Fused magnesia prices have fallen and are an estimated $1 per kg.
Yttria prices depend on the purity of the material, but typical grades are from $2.8 to $3.5 per kg.
Across all the materials in this section, average prices are an estimated $1.8 per kg.

Source: Frost & Sullivan

57 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Supply Chain

Other Oxides: Raw Materials and Ceramics in the Magnesium Aside from alumina and ZrO2, silicates primarily
(Mg)–Al-Si System, Global, 2023
from natural minerals dominate other oxide
MgO from magnesite or sea Mg technical ceramics.
water brine
The diagram shows that most of these other
oxides contain 2 (or all 3) of Mg, Al, and Si.

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Forsterite In most cases, the production of a fabricated
technical ceramic part must use the powder of the

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same mineral, thus creating a market for powder
Talc
producers.
Spinel Steatite
However, instances where production does not
require an equivalent powder occur. For example,
producing finished forsterite parts can involve
Cordierite
Alumina from sintering a body comprising a mix of MgO and talc
bauxite Silica
powders.
Al Si
Mullite Kaolin In many cases, the powder strongly influences the
quality of the finished part. For example, mullite
Naturally occurring minerals used for synthesizing technical ceramics
powder is available as sintered and fused mullite.
The fusion of high-purity silica and alumina
Mixed oxides for use as technical ceramics (most share their name
with naturally occurring minerals or rocks) produces fused mullite.

Source: Frost & Sullivan

58 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Competitive Structure

Because of the extremely fragmented nature of the other oxides Other Oxides: Main Industry Participants, Global,
market, with many individual chemistries, many companies 2023
participate in producing these materials. The table shows some of
these companies. Company Other Supplied Oxides
Some of these companies operate mines that produce natural
Elementis Talc for cordierite production
minerals for use in mixed oxide technical ceramics (such as talc and

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kaolin), and some specialize in producing synthetic mixed oxide Höganäs Yttrium oxide (Y2O3)

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powders.
Kaolin and talc powders for

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Applications of the natural minerals are typically dominated by Imerys production of steatite and
non-technical applications (such as wall tiles and refractories) which cordierite bodies
are outside the scope of this study. Technical ceramics therefore Itochu Ceratech Corporation Mullite
represent a small proportion of the total usage of these minerals.
Lasselsberger GmbH Natural kaolin
Often the natural minerals are supplied from specific mines.
Martin Marietta MgO
For example, Lasselberger’s kaolin is supplied by its subsidiary
LB Minerals s.r.o. in the Czech Republic. Materion BeO

For synthetic oxide powders, supply into the technical ceramics Mullite and other
Nabaltec
market is often intertwined with demand for these products in other alumina-based mixed oxides
markets. BeO is a good example; many countries in the world Treibacher Industrie AG Y2O3
include beryllium in their own lists of Critical Minerals. Companies
such as Materion have responded to this in recent years by investing Washington Mills MgO and Mullite
in production capacity to better meet global demand across all areas
of application.

Source: Frost & Sullivan

59 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Generator:
Silicon Carbide

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60 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Metrics

Silicon Carbide: Growth Metrics, Global, 2023

Units/ Average Price Per Revenue for Last

Life Cycle Stage Revenue Year of Study Period
Volume Unit

68.5 kilo

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Growth $294.6 M $4.3/kg $569.1 M
tonnes

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(2023) (2023) (2023) (2030)

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Base Year Growth Compound Annual Number of Degree of
Rate Growth Rate Competitors Technical Change

9.1% 9.9% >10 8

(active competitors in (scale:1 [low] to 10 [high])
(2023) (2023‒2030)
2023)

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
61 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Overview

Silicon carbide (SiC) is a manmade mineral of extreme hardness and Silicon Carbide: Supply Chain Overview, Global, 2023
sharpness. The mineral is the ideal abrasive for grinding/sanding low
tensile strength materials, such as cast iron, brass, Al, and bronze. Its
Raw
thermal properties make it an excellent medium for manufacturing
materials
refractory products and crucibles.
SiC production requires a process involving the electrochemical

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reaction of silica—in the form of quartz with carbon in the form of
raw petroleum coke. The stoichiometric mixture reacts in an Powder

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electrical resistance furnace at a temperature greater than (microgrit)

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2,200 degrees Celsius to yield high-quality crystals. The large crystals
undergo segregation, crushing, cleaning (of magnetic impurities) in
high-intensity magnetic separators, and classification into narrow size Other uses
fractions to suit the end use. Dedicated lines produce products for Other routes
to market
different applications.
SiC grains serve in marble and granite polishing, the manufacture of
kiln furniture, and as a deoxidizer in iron and steel making. SiC Parts
material has a wide range of uses. Applications outside technical
ceramics dominate the industry.
The primary factors differentiating SiC grades include:
The share of powder production for use in
• Grain (grit) size 20%
technical ceramic applications
• Crystal structure of the material (SiC has many forms; the most The share of produced technical ceramic
important are α-SiC and ß-SiC) 90%
parts that use powder
• Chemical purity, especially alumina content (more expensive
green SiC grades have lower alumina content than black SiC)

Source: Frost & Sullivan

62 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Environment

This chart shows how the market drivers and restraints combine to create the volume and revenue growth projections
for SiC.

Silicon Carbide: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030

12.0%

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10.0%
CAGR (2023–2030)

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8.0%

6.0%

4.0%

2.0%

0.0%
Growth in end Market Changing Route to Other Volume growth Price trends Revenue
markets penetration intensity of use market trends disruptive growth
growth growth

Note: Blue columns positively contribute to growth (drivers); khaki columns negatively contribute to growth (restraints). Price trends combine 2 individual
factors (inflationary and other) from the tables on the following drivers and restraints slides.
Volume and revenue growth are the cumulative overall effects of all relevant drivers and restraints.

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
63 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Drivers

Silicon Carbide: Growth Drivers, Global, 2024–2030

Driver 1–2 Years 3–4 Years 5–7 Years

End-market Volume Growth High High High

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Increasing Market Penetration High High High

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Disruptive Sources of Growth Medium Medium Medium

Source: Frost & Sullivan

64 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis

End-market Volume Growth
SiC is a component in a wide range of end markets; some are declining, while others show high-volume growth.
In our last report, we identified diesel particulate filters as an important market for SiC. However, because of declining demand for
diesel-engine vehicles following emissions scrutiny, this market will see a gradual decline. A promising growth area for SiC is industrial heat
exchangers, with the market growing by 5%–6% in revenue from 2023 to 2030.
SiC’s hardness and lightweight properties are ideal for ballistic armor and protective gear in defense applications.

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Therefore, the contribution of end markets to volume growth for SiC will vary widely from one application to another. The net contribution

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will be a 3.8% growth in SiC volumes.

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Increasing Market Penetration Power Semiconductors: Percentage
Segmentation by Material, Global,
SiC is increasingly replacing other materials across a range of applications 2023–2033
because of its superior performance. An important growth area for SiC is
power semiconductors, where it can replace Si metal.
100%
SiC’s ability to handle high current densities and demanding applications,
such as alternating current/direct current (DC) conversion, makes it ideal for 80%
automotive applications and enhances its market penetration in high-power GaN
electronics. The chart on this slide shows Frost & Sullivan’s forecast for SiC 60%
market penetration in that market. The increase in market penetration being SiC
shown is equivalent to a contribution to CAGR of 13.5% p.a. 40%
Si
Furthermore, the power semiconductors market itself is experiencing a CAGR
of 6.4% from 2023 to 2030, due mainly to growing EV production. 20%

Another significant opportunity for SiC is in EV charging infrastructure, 0%

particularly in DC fast charging. In addition, SiC is finding applications in solar
2023 2033
microinverters, wind energy inverters, industrial motor drives, and
transformers, broadening its market penetration across various sectors. GaN = gallium nitride

Source: Global Power Semiconductors Market (K9EC, August 2024); Frost & Sullivan
65 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis (continued)

Disruptive Sources of Growth

SiC powder is finding new applications in fuel cells and electrical components for hybrid and EVs, although the market
potential remains uncertain. Additionally, the rollout of 5G networks is boosting demand for SiC because of its superior
performance, energy efficiency, and thermal management in power amplifiers and radio frequency devices, which is
crucial for high-frequency operations.

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While these opportunities will drive market revenue through the sale of high-priced grades, volume may experience less

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impact. Furthermore, 3D printing is emerging as a significant growth area for SiC, with additive manufacturing poised to
disrupt the market by enabling the production of SiC parts. The cost of high-purity SiC powders and advanced 3D

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printing equipment can be high; however, costs will decrease as the technology matures and scales.

SiC substrate costs represent the largest portion of the overall cost structure, accounting for about 50%. Therefore,
reducing costs and improving utilization rates in this segment are crucial. The adoption of large-size substrates is
increasing because of their cost benefits, and expectations regarding their impact are high. In terms of market
expansion, major investments in 2023 by Bosch and ON Semiconductor focused on the automotive SiC market.

Additionally, STMicroelectronics plans to build an 8-inch SiC chip factory in Italy, targeting the EV sector. While some
manufacturers have not specified their future applications, EVs are the primary growth driver for SiC, making them a
focus for expansion. The EV industry is shifting toward an 800-volt (V) high-voltage platform and requires higher-voltage
power semiconductor components. Consequently, manufacturers are developing 1,200 V SiC power devices.

Although 6-inch wafers are the standard, the move toward 8-inch wafers is inevitable for cost reduction and efficiency
improvements. The growing demand for 8-inch wafers will drive Sic volume.

Source: Frost & Sullivan

66 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraints

Silicon Carbide: Growth Restraints, Global, 2024–2030

Restraint 1–2 Years 3–4 Years 5–7 Years

Changing Intensity of Use Medium Medium Medium

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Route to Market Trends Low Low Low

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Inflationary Factors Leading to Increased Prices Low Low Low

Source: Frost & Sullivan

67 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraint Analysis

Changing Intensity of Use

Efficiency trends, particularly miniaturization in the automotive and electronics industry, will impact the SiC market.
Despite potential drawbacks, the positive effects will prevail. The technical demands of miniaturized components will
drive increased demand for the finest grades of SiC raw materials, which is a primary factor in price growth.

Route to Market Trends

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Most technical ceramic parts with SiC as a component rely on SiC powder as a raw material. Producing sintered SiC

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(SSiC) involves pure SiC powder with sintering aids.

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However, producing some products involves techniques such as SiSiC or reaction-bonded SiC, which use elemental Si
and carbon as (additional) raw materials that react during sintering to form additional SiC. Therefore, the quantity of SiC
powder necessary to produce a finished part is lower in the SiSiC process than in the SSiC.

Susteon’s SiC synthesis process uses recycled Si waste to produce high-purity SiC and hydrogen. This approach allows
75% lower carbon dioxide (CO2) emissions than existing production methods while eliminating the release of toxic
substances, such as sulfur oxide, nitrogen dioxide, and heavy metals, at a low production cost. Susteon claims that the
process can produce high-purity microsized green SiC (β-SiC polytype) for $10–$20 per kg, less than half the cost of
existing state-of-the-art technology. Additionally, incorporating recycled waste Si and fugitive methane or biogas could
decrease costs and greenhouse gas emissions in SiC production.

Despite the importance of this process, any increase in other routes will not negatively affect the demand for SiC
powder during the forecasted period.

Source: Frost & Sullivan

68 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraint Analysis (continued)

Inflationary Factors Leading to Increased Prices

Various factors influence SiC prices, including capacity utilization and raw material costs. From 2015 to 2018, SiC prices
remained relatively stable. However, the pandemic disrupted supply chains, creating market uncertainty.

In 2022, SiC commodity prices surged by 20%–40%, stabilizing in 2023 at an average of approximately $1,550 per tonne.

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The hardness of SiC makes crushing it to finer grades extremely energy-intensive, significantly adding to production

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costs. In regions such as Europe, climbing energy prices have complicated stakeholders’ cost management.

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The power semiconductor industry, which aims to reduce prices to compete with leading technologies, may face
consumer resistance because of increasing SiC costs.

In the long term, SiC prices will gradually decrease, returning to pre-pandemic trends.

Source: Frost & Sullivan

69 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Revenue and Volume Forecast

Silicon Carbide: Revenue and Volume Forecast, Global, 2024‒2030

Volume CAGR, 2023‒2030 = 8.6%
Revenue CAGR, 2023‒2030 = 9.9%
600.0 140.0

120.0

Prohibited
500.0

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100.0

VolumeDistribution
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400.0
Revenue ($ Million)

(kt)
80.0

Unauthorized
300.0
60.0

200.0
40.0

100.0
20.0

0.0 0.0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue 230.1 247.5 269.9 294.6 321.5 348.3 381.0 419.4 464.4 514.1 569.1
Volume 57.4 60.2 64.1 68.5 73.2 78.9 85.4 93.1 101.8 111.5 122.2

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
70 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Supply Chain

Silicon Carbide: Supply Chain Summary, Global, 2023

Silica Carbon

Customers have a wide variety of options in

where they source materials along the value

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1,500 to 2,000 kt chain:
Crude SiC

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Metallurgical grades
(ingredient in steel making) Some customers buy coarse grit and mill
Mechanical processing (e.g.,

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crush, grind, sieve, grade) it in-house.
Refractory grades, such as 250 kt
dust collector fines SiC powder (micro grit) Some vendors only supply pure powder
(not formulations). Specialist suppliers,
(e.g., abrasives, polishing, such as HC Starck, do not operate
Quantified tier furnaces, so they must source the
wire sawing)
Sintering aids; carbon powder and specialize in producing
for Si-infiltrated SiC formulations.
(SiSiC)
Ready-to-press
formulations
Some customers prefer to source
Fabricated ready-to-press formulations.
parts

Green machining The production of SiC parts can use CVD,

which does not require SiC powder as a
raw material.
Si for SiSiC

Source: Frost & Sullivan

71 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Sustainability Perspective

• For over a century, the Acheson process has been the cornerstone of raw SiC production for industrial uses.
This method, however, is highly energy-intensive, consuming approximately 7.15 megawatts/hour of electricity
to produce just 1 ton of SiC. Additionally, it generates about 4.2 tonnes of CO2 emissions per ton of SiC, with
2.4 tonnes stemming from chemical reactions and 1.8 tonnes from energy consumption.

• This emission estimate refers to the European electricity mix and is conservative. In regions such as China, the

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United States, and Russia, energy-related emissions are even higher, worsening the CO2 balance.

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• ESK-SIC, a leading SiC materials supplier, partners with Kyocera, a technology leader in technical ceramics and

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semiconductor manufacturing, to address these challenges. This strategic alliance aims to develop sustainable
SiC production methods and associated end products.

• The innovative RECOSiC technology recycles by-products and end-of-life ceramics to create raw materials for
various applications, enhancing the sustainability of SiC production.

• Global leaders in the SiC market will embrace sustainability, which will become one of the primary trends
during the forecast period.

Source: Frost & Sullivan

72 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Competitive Structure

Silicon Carbide: Percent Revenue by Participant, • Unlike other technical ceramics markets, only a few
Global, 2023 global players dominate the SiC market. The drivers of
competitive dynamics are technological advancements,
strategic collaborations, market segmentation,
Fiven
17.8% geographical leadership, cost competitiveness,

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regulatory compliance, and market challenges.

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• In the long term, the market will shift toward domestic

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ESK-SiC production. Local companies in emerging markets are
13.7%
gaining traction by offering competitively priced
products and leveraging regional resources.
Others
57.1% • For instance, CUMI is establishing a 6-ton-per-month
high-purity SiC facility in Kerala, India, which will be
Washington operational within 18 months. The project includes
Mills
11.4% investments in IT infrastructure and safety-related
capital expenditures. This new facility will serve the
semiconductor industry and the technical ceramics
sector. CUMI plans to scale capacity according to
utilization rates, aligning with market demand and
growth opportunities.
Source: Frost & Sullivan
73 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Generator:
Silicon Nitride

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What are your organization’s Growth

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Aspirations?
74 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Metrics

Silicon Nitride: Growth Metrics, Global, 2023

Units/ Average Price Per Revenue for Last

Life Cycle Stage Revenue Year of Study Period
Volume Unit

2.5 kilo

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Growth $100.3 M $40.1/kg $155.2 M
tonnes

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(2023) (2023) (2023) (2030)

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Base Year Growth Compound Annual Number of Degree of
Rate Growth Rate Competitors Technical Change

(1.0%) 6.4% >10 8

(active competitors in (scale:1 [low] to 10 [high])
(2023) (2023‒2030)
2023)

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
75 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Overview

• Silicon nitride (Si3N4) is a vital material in the technical Silicon Nitride: Supply Chain Overview, Global, 2023
ceramics industry.
• Using sintering powder to produce parts dominates the Raw
silicon nitride industry. There are few other uses of materials
Si3N4 powder, and there is little use of other processes to
produce parts.

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• Silicon nitride is available in various tailored grades to

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Powder
meet specific application needs across diverse industries.

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Semiconductor manufacturing favors high-purity grades
for their excellent thermal conductivity and electrical
Other uses
insulation properties. In automotive applications, where Other routes
stringent requirements for thermal shock resistance and to market
mechanical strength are crucial, components such as
bearings, turbochargers, and diesel engine components
Parts
utilize engineered grades of silicon nitride.
• Silicon nitride’s other applications include CVD coatings,
although powder is not a raw material in that market.
• Pure silicon nitride’s formula is Si3N4. However, most The share of powder production for use in
More than 90%
technical ceramic applications
market participants include other chemistries as an
inherent part of the silicon nitride market. Most important The share of produced technical ceramic
90%
are ceramics made from a mixture of Si, Al, oxide, and parts that use powder
nitride (SiAlON). Si3N4 powder is a component of SiAlON
ceramic production.

Source: Frost & Sullivan

76 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Environment

This chart shows how the market drivers and restraints combine to create the volume and revenue growth projections
for Si3N4.

Silicon Nitride: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030

9.0%

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8.0%

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7.0%

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CAGR (2023–2030)

6.0%

5.0%

4.0%

3.0%

2.0%

1.0%

0.0%
Growth in end Market Changing Route to Other Volume Price trends Revenue
markets penetration intensity of use market trends disruptive growth growth
growth growth

Note: Blue columns positively contribute to growth (drivers); khaki columns negatively contribute to growth (restraints). Price trends combine 2 individual
factors (inflationary and other) from the tables on the following drivers and restraints slides.
Volume and revenue growth are the cumulative overall effects of all relevant drivers and restraints.

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
77 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Drivers

Silicon Nitride: Growth Drivers, Global, 2024–2030

Driver 1–2 Years 3–4 Years 5–7 Years

End-market Volume Growth High High High

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Increasing Market Penetration High High High

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Disruptive Sources of Growth Medium Medium Medium

Source: Frost & Sullivan

78 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis

End-market Volume Growth

Various industries use silicon nitride, including aerospace, automotive, medical, electronics (notably LED lighting), and industrial equipment.
Its exceptional high-temperature stability, wear resistance, and corrosion resistance make it ideal for turbine blades and vanes in jet engines.

Si3N4’s high thermal shock resistance and mechanical strength improve the efficiency and durability of turbochargers. Additionally, the Al
foundry and casting components market, identified as a growth area in previous reports, continues to benefit from silicon nitride
applications.

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Increasing Market Penetration

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Building on previous trends, Si3N4-coated crucibles are an important technology for producing semiconductor wafers for multi-crystalline

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solar cells. However, since mono-crystalline cells have gained market share since 2012, the use of silicon nitride in the solar PV industry will
decline, with multi-crystalline cells now holding only about 10%–15% of the market.

The preference for silicon nitride in bearing applications stems from its low weight and reduced friction compared to steel. Ceramic bearing
balls, weighing less than half of their steel counterparts, offer advantages such as reduced wear, lower lubrication needs, decreased raceway
stress, and lower operating temperatures. Crucially for EVs, Si3N4’s electrical resistance prevents short circuits and bearing breakdowns,
enhancing reliability in various applications.

The increase of EVs globally is driving the higher demand for power semiconductors, with EVs containing 2–3 times more semiconductor
content (of which almost 75% are power semiconductors) than internal combustion engine vehicles. The need for higher efficiency and
performance is increasing the use of Si3N4 substrates as insulating materials for inverter power modules in the automotive sector. As EV
trends push for longer ranges and shorter charging times, materials that can withstand higher voltages are essential. To mitigate electrical
corrosion risks, the adoption of ceramic balls meeting stringent safety and reliability standards is accelerating worldwide. Consequently,
Si3N4 substrates are becoming crucial in advancing EV technology and meeting evolving industry requirements.

Therefore, the biggest growth driver for silicon nitride will be the increasing market penetration of its target applications as it replaces other
materials.

Source: Frost & Sullivan

79 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis (continued)

Disruptive Sources of Growth

The primary growth drivers for silicon nitride will stem from established markets such as crucibles, bearings, and substrates for electronics.
Disruptive applications, such as additive manufacturing, will not significantly impact the silicon nitride market in the near term, although
market players are collaborating.

Lithoz GmbH and the United States Department of Energy’s Oak Ridge National Laboratory have signed a cooperative R&D agreement to use

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Lithoz’s 3D printing technology to advance non-oxide ceramics processing. This technology enables printing dark ceramics, such as SiC and

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Si3N4, beyond the capability of other methods.

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3DCERAM Sinto is partnering with SINTX Technologies, Inc. to develop innovative resins and processes for additive manufacturing of ceramic
products. The companies highlighted the potential of Si3N4-based resins for the biomedical sector, noting that 3D-printed silicon nitride
devices will significantly impact medical and technical markets. SINTX’s resin formulation and densification expertise with 3DCERAM’s
advanced printing technology will deliver superior-quality components.

Source: Frost & Sullivan

80 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraints

Silicon Nitride: Growth Restraints, Global, 2024–2030

Restraint 1–2 Years 3–4 Years 5–7 Years

Changing Intensity of Use Medium Medium Medium

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Inflationary Factors Affecting Prices and Revenue Growth Low Low Low

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Route to Market Trends Low Low Low

Source: Frost & Sullivan

81 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraint Analysis

Changing Intensity of Use

Silicon nitride ceramics have a high strength-to-weight ratio, making them ideal for applications where reduced weight is
essential. Threats to volume growth in silicon nitride include increased durability leading to lower replacement rates and
component miniaturization because of demands such as automotive light-weighting. However, these factors will not have a
significant impact.

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Frost & Sullivan predicts these efficiency savings will translate into a negative 0.5% contribution to overall market growth.

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Inflationary Factors Affecting Prices and Revenue Growth

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Like-for-like prices in the silicon nitride industry are experiencing a downward trend. Previously, the high utilization of production
capacity kept prices elevated, but recent capacity growth has outpaced demand, leading to lower utilization and falling prices.

This trend springs from the increased capacity of top players and the ability of Japanese companies to produce high-quality Si3N4
powder. In 2023, UBE Corporation announced plans to expand Si3N4 production at its Ube Chemical Factory in Japan by late
2025, boosting capacity by 1.5 times to meet the growing demand for EV bearings and substrates. Similarly, Toshiba invested
approximately $38 million in a new silicon nitride ball manufacturing facility, which began production this year, increasing
capacity by 50% compared to 2021.

Additionally, the market is seeing higher volume growth for cheaper industrial grades of silicon nitride, while the demand for
high-purity, expensive solar grades is declining. This shift is causing the market average price to drop slightly. Prices will continue
falling at rates of 1%–2% per year during the forecast period, particularly for solar grades.

Source: Frost & Sullivan

82 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraint Analysis (continued)

Route to Market Trends

Route-to-market trends in the silicon nitride industry remain consistent. Fabrication of silicon nitride parts primarily relies on
Si3N4 powder, with RBSN as the only alternative. The production of RBSN involves sintering Si in a nitrogen atmosphere. RBSN is
less competitive because of its higher porosity and lower strength.

While Si3N4 powder could take market share from RBSN, fabricators have heavily invested in RBSN infrastructure and are unlikely

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to switch. RBSN’s main advantage is its ability to produce larger parts.

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Sintered RBSN represents an advancement over RBSN, targeting reduced product porosity for better mechanical properties.

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Recent progress in SRBSN has resulted in increased toughness and impact resistance because of the formation of crack-deflecting
Si3N4 ceramic needle-like grains.

However, RBSN will have minimal impact on Si3N4 powder volume growth during the forecast period.

Source: Frost & Sullivan

83 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Revenue and Volume Forecast

Silicon Nitride: Revenue and Volume Forecast, Global, 2024‒2030

Volume CAGR, 2023‒2030 = 7.7%
Revenue CAGR, 2023‒2030 = 6.4%
180.0 4.5

160.0 4.0

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140.0 3.5

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Revenue ($ Million)

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120.0 3.0

(kt)
100.0 2.5

Volume
80.0 2.0

60.0 1.5

40.0 1.0

20.0 0.5

0.0 0.0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue 84.2 89.8 95.3 100.3 105.5 111.2 117.5 125.2 134.1 144.2 155.2
Volume 2.1 2.2 2.4 2.5 2.7 2.8 3.0 3.3 3.6 3.9 4.2

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
84 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Supply Chain

Silicon Nitride: Supply Chain Summary, Global, 2023

Fully synthetic raw

Si powder + nitrogen materials (e.g., Si • The Si3N4 powder production has
(N) tetrachloride and 2 competing routes.
ammonia [NH3])
• Using synthetic routes produces
high-purity grades of Si3N4.

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52% 10% 38%

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• The direct nitridation of Si produces
a mix of standard and high-purity
Ceramic-grade Si3N4 High-purity grade Si3N4

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grades.
powder powder

52% 22% 26%

2,500 tonnes (2023)

Ready-to-press
Other raw materials formulations for Solar applications
(e.g., Al oxide for Industrial applications
SiAlONs)

Precursors (e.g., for Fabricated parts (e.g., Note: Ready-to-press formulations

Si blank
CVD thin films) pure Si3N4 or SiAlON) contain processing aids and sintering
additives.
Reaction-bonded Si3N4
(RBSN)

Source: Frost & Sullivan

85 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Supply Chain Dynamics

Raw Materials Silicon Nitride: Value Chain Analysis of Denka, 2023

• Of the ceramics in this study, Si3N4 is the one that has some of
the most significant value chain considerations in terms of what
Powder
makes companies competitive in the market.

• Denka and AlzChem (direct nitriding process) entered the Si3N4 In-house

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market via expertise in the carbide value chain. production

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• Ube Industries’ (synthetic process) presence in the industry is
Bare substrate

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mainly because of its raw materials supply and process External
technology. It has not diversified into other ceramics except for manufacturers
amide and imide chemistry. of substrates
and ball
Downstream Value Chain
bearings Si3N4 substrate
• Unlike some other ceramic materials, little vertical integration
between Si3N4 powder and part fabrication occurs. The powder
production process is highly complex, so it remains the preserve
of specialists. Denka has vertical integration with in-house
substrate manufacturing for EV applications. EV semiconductors, bearings, and other
structural materials
• Most Si3N4 powder goes into producing Si3N4 parts, although
some go to the production of other parts: Vertical integration enhances quality control and allows
companies to better meet consumer needs, improving market
• The production of SiAlON parts typically involves sintering blends service. Additionally, having complete control over the supply
of alumina and Si3N4 powders. chain provides a significant competitive advantage.

Source: Frost & Sullivan

86 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Competitive Structure

Si3N4 Powder Silicon Nitride Powder: Percent Revenue by Participant,

• Denka leads the market in volume terms with the highest Global, 2023
production capacity for Si3N4 powder, focusing primarily
on standard grades.
Others
• Ube Industries, while having a smaller production capacity, 23.0% Ube
specializes exclusively in high-purity grades, making it the Industries

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top player in revenue terms. 34.4%

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• AlzChem holds the third-largest market share globally and SKF
is the leading producer in Europe. Most other producers, 2.2%

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including Yantai Tomley, are in China, with minimal
production in North America.
Hoganas
• SKF, a downstream producer of rotary-power equipment
7.2%
including bearings, is active in the silicon nitride market
through its ownership of the powder producing business, Yantai
Vesta Si.
Tomley
RBSN 8.0% Denka
Alzchem 13.8%
• The primary manufacturers of RBSN parts—which do not 11.5%
require Si3N4 powder—include Ceradyne, Morgan
Advanced Materials, and Tenmat.

Unlike other materials in this study, the Si3N4 market has seen limited interest from new entrants, likely because of its smaller size,
technical complexity, and the strong presence of established players. Nonetheless, extensive research exists into alternative synthetic
methods for Si3N4. Additionally, applications such as bearings and medical implants, which often require high-end grades, will drive the
highest volume growth for Si3N4.

Source: Frost & Sullivan

87 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Generator: Boron

Nitride and Boron Carbide

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88 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Metrics

Boron Nitride and Boron Carbide: Growth Metrics, Global, 2024‒2030

Units/ Average Price Per Revenue for Last

Life Cycle Stage Revenue Year of Study Period
Volume Unit

3.1 kilo

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Growth $201.0 M $64.84/kg $270.5 M
tonnes

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(2023) (2023) (2023) (2030)

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Base Year Growth Compound Annual Number of Degree of
Rate Growth Rate Competitors Technical Change

5.2% 4.3% >10 6

(active competitors in (scale:1 [low] to 10 [high])
(2023) (2023‒2030)
2023)

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
89 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Introduction
Boron Nitride and Boron Carbide (BN and B4C) are vital materials for Boron Nitride and Boron Carbide: Supply Chain
the technical ceramic industry, although volumes are smaller (and Introduction, Global, 2023
prices higher) than the 4 primary materials this study considers. BN
and B4C are crucial materials in various high-performance applications.
BN exists in 2 forms: Raw
materials
• Hexagonal BN (HBN), also known as α-BN, has the same structure as
graphite and thus is a relatively soft material.
• Cubic BN (CBN), also known as ß-BN, has a diamond structure and is

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the 2nd hardest material after diamonds.

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Powder
• The (white) α-modification HBN forms at high temperatures from

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boron oxide (B2O3) and elemental N2 with calcium phosphate as a
catalyst.
Other uses
• Hexagonal α-modification at high temperatures (from 1,500 degrees Other routes
Celsius/2,732 degrees Fahrenheit) under high pressure (between to market
50 and 90 kilobars) can produce CBN—much like graphite becomes
diamond.
Parts
HBN and CBN have applications in technical ceramics. CBN parts use
HBN powder as a raw material; hence, both finished products are a
part of the overall HBN powder market.
CBN powder is a micro-grit that industries mainly use as an abrasive The share of powder production for use
rather than a raw material for technical ceramic fabrication. 30%
in technical ceramic applications
B4C is extremely hard, serving primarily as an abrasive, and has
The share of produced technical ceramic
important technical ceramic applications. The process for producing More than 90%
parts that use powder
B4C powder is similar to SiC.
B4C is a component in control rod production for the nuclear industry
(not a technical ceramic application).
Source: Frost & Sullivan
Growth Environment

This chart shows how the market drivers and restraints combine to create the volume and revenue growth projections
for boron ceramics.
Silicon Nitride: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030
7.0%

6.0%

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CAGR (2023–2030)

5.0%

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4.0%

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3.0%

2.0%

1.0%

0.0%
Growth in end Market Changing Route to Other Volume Price trends Revenue
markets penetration intensity of use market trends disruptive growth growth
growth growth

The net effect of these drivers and restraints is a

predicted volume growth rate of 5.4% per year
(CAGR, 2023–2030).

Note: Blue columns positively contribute to growth (drivers); khaki columns negatively contribute to growth (restraints). Price trends combine 2 individual
factors (inflationary and other) from the tables on the following drivers and restraints slides.
Volume and revenue growth are the cumulative overall effects of all relevant drivers and restraints.

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
91 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Drivers

Boron Nitride and Boron Carbide: Growth Drivers, Global, 2024–2030

Driver 1–2 Years 3–4 Years 5–7 Years

End-market Volume Growth High High High

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Increasing Market Penetration Medium Medium Medium

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Disruptive Sources of Growth Low Low Low

Higher Volume Growth for Expensive Grades Raising Market

Low Low Low
Average Price

Source: Frost & Sullivan

92 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis

End-market Volume Growth

B4C’s primary markets include the defense industry and industrial machinery. Its extreme hardness is ideal for
lightweight, high-strength body armor, armored vehicles, sandblasting and water jet cutting nozzles, grinding wheels,
cutting tools, and lapping compounds.

The nuclear industry utilizes B4C, with companies such as Nanovia, a French advanced 3D printing filament

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manufacturer, leading innovation. Nanovia designed its new Flex B4C filament and enriched it with B4C for neutron

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shielding in nuclear energy applications.

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The electronics, aerospace, and industrial sectors use BN extensively because of its high thermal conductivity,
electrical insulation, and high-temperature stability. Cutting tools for machining hard materials use CBN because of its
hardness and thermal stability. HBN serves as an insulator in various high-temperature electrical applications.

The markets for boron ceramics are more mature than other ceramic material markets, indicating a well-established
and stable demand.

Increasing Market Penetration

Unlike many other materials in this study, BN has limited opportunities to increase its market penetration. Because of
Its unique properties and high cost, it is already in use where necessary, leaving little room for market expansion.

B4C will continue increasing its market penetration, particularly in applications such as defense. For example,
Nurol Teknoloji is investing heavily in B4C to serve the personal and vehicle armor markets.

Source: Frost & Sullivan

93 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Driver Analysis (continued)

Disruptive Sources of Growth

Future applications will drive significant demand for BN. While alumina ceramics are experiencing growth because of
their use in Li-ion batteries, BN is emerging as a primary material for several upcoming technologies. Hydrogen fuel
cells, which could become a dominant transportation fuel, could rely heavily on BN. Recent research highlights BN’s
potential as an excellent structural material for hydrogen storage, though it has a low technology readiness level and
is unlikely to impact the market within the forecast period.

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BN holds promise for EVs, not as a vehicle component but as a material for manufacturing EV parts. For B4C, the
nuclear industry presents a significant growth opportunity. Advances in reactor designs, such as small modular and

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generation IV reactors, require advanced materials for enhanced safety and efficiency. This trend drives demand for
B4C, which is essential for neutron absorption and radiation shielding.

Higher Volume Growth For Expensive Grades Increasing Market Average Price

BN powder is available in diverse grades, costing approximately $120 per kg–$400 per kg. While refractory grades are
not typical in technical ceramics, producing high-purity CBN involves complex and costly processes.

Suppliers are experiencing growth across all grades of BN, indicating a steady demand for low- and high-end
materials. Consequently, the proportion of low-end versus high-end materials will remain stable, and fluctuations in
product value will have a minimal impact on differentiating market revenue growth from overall volume growth.

Source: Frost & Sullivan

94 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraints

Boron Nitride and Boron Carbide: Growth Restraints, Global, 2024–2030

Restraint 1–2 Years 3–4 Years 5–7 Years

Changing Intensity of Use Medium Medium Medium

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Inflationary Factors Reducing Prices and Revenue Growth Low Low Low

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Route to Market Trends Low Low Low

Source: Frost & Sullivan

95 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Restraint Analysis

Changing Intensity of Use

BN’s high cost is prompting customers to explore cost-saving alternatives, potentially reducing its use in various
applications, including technical ceramics. Consequently, the volume of BN powder will decline throughout the forecast
period.

Inflationary Factors Affecting Prices and Revenue Growth

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The entry of new Chinese suppliers has significantly influenced the recent price trends for boron ceramic, putting

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pressure on prices for Western manufacturers. Market recognition of BN’s value has resulted in some price stability;

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however, some price reductions have occurred. A modest level of negative price pressure will continue through the
forecast period.

Route to Market Trends

The primary alternative to high-temperature BN powder for part fabrication is the pyrolytic BN (PBN) process, which
uses CVD to grow solid parts, such as crucibles, from chemical precursors. Although PBN presents an alternative
manufacturing method, BN powder producers view PBN as a distinct product, with end products not directly competing
with sintered BN powder. Therefore, competition from PBN will not significantly impact the growth of BN powder.

Researchers from the Dongguan University of Technology and Zhengzhou University of Aeronautics in China have
developed a groundbreaking method for producing B4C ceramics. Their approach—dynamic sinter forging—leverages
oscillatory pressure rather than static pressure, enhancing the ceramics’ densification and mechanical properties. This
innovative technique promises to be more cost-effective and efficient than traditional pressure-assisted methods.
However, more research is necessary to fully understand the underlying mechanisms and optimize the process.

Source: Frost & Sullivan

96 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Revenue and Volume Forecast

Boron Nitride and Boron Carbide: Revenue and Volume Forecast, Global, 2024‒2030
Volume CAGR, 2023‒2030 = 5.4%
Revenue CAGR, 2023‒2030 = 4.3%
300.00 5.0

4.5
250.00

Prohibited
4.0

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3.5
Revenue ($ Million)

Distribution
200.00

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(kt)
3.0

Volume
Unauthorized
150.00 2.5

2.0
100.00
1.5

1.0
50.00
0.5

0.00 0.0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue 171.6 180.6 191.0 201.0 211.5 219.0 226.8 236.2 246.8 258.3 270.5
Volume 2.7 2.8 3.0 3.1 3.3 3.4 3.6 3.8 4.0 4.2 4.5

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
97 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Segmentation by Product Type

Boron Nitride and Boron Carbide: Volume Share by

In volume, B4C dominates the boron ceramics market. Material, Global, 2023
However, because of the high cost of BN powder, BN BN
dominates in revenue terms. 22.6%

Beyond technical ceramic applications, several other uses

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of HBN powder are exhibiting growth. These include:

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• Personal care

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B4C
77.4%
• Fillers for electronic components (for example, LED
lighting)
Boron Nitride and Boron Carbide: Revenue Share by
• Thermal spray coatings Material, Global, 2023

Consequently, the proportion of total BN consumption

B4C
from technical ceramics has been falling slightly. 31.0%

BN
69.0%

Source: Frost & Sullivan

98 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

BN Supply Chain
BN: Supply Chain Summary, Global, 2023

Turkey is the primary global HBN production from B2O3 has three
source of borate minerals. Natural borate minerals
competing processes, with different N
source materials. In one case, calcium
hexaboride (CaB6) acts as an additional
source of boron.

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B2O3

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$80 per kg Wide spectrum of grades ($100–$300 per kg)

HBN refractory-grade
HBN ceramic-grade powder
powder

70% 25% 5%
Other potential routes,
Included (e.g., via CBN powder)

Other applications (not For fabricating

engineering ceramic), Sintered HBN CBN parts
e.g., lubricant and parts
coating

PBN is a high-purity grade material (>99.99%), but parts

Other ceramic raw materials are also made of PBN are deposited by CVD using BCl3 and NH3
needed to fabricate composite parts, gases. Thus, the process does not use BN powder.
such as TiB2/BN and ZrO2/BN.

Source: Frost & Sullivan

99 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

B4C Supply Chain

B4C: Supply Chain Summary, Global, 2023

Natural borate minerals

Boric acid B2O3

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Coke Coke

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No alternatives to the traditional process of
manufacturing B4C powder via crude B4C ingots

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are available despite the process’s drawbacks. Crude B4C ingot
The challenge of this traditional route is driving
the development of alternative production
processes (e.g., using spray drying of solutions Mechanical processing (e.g.,
crush, grind, sieve, grade)
containing carbohydrates as a carbon source).

B4C powder

Included

Other applications, (e.g., raw Abrasives and Technical ceramics

material for CaB6 production) cutting tools

Production of B4C coatings can use chemical

precursors in techniques such as CVD instead of
powder raw material.

Source: Frost & Sullivan

100 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Supply Chain Dynamics

As of 2023, China accounted for 80% of downstream Boron Nitride and Boron Carbide: Volume Share by
boron processing, while Turkey produced 65% of the Applications, Global, 2023
global boron supply. The primary applications of boron are
in non-technical ceramics, including borosilicate glass and
various glazes and frits. Others, such as
food,

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B4C and BN powders, components in technical ceramics, detergents,
pharma, and
35%

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represent a small fraction—just 1.5%—of global boron magnets
consumption. In 2023, the global consumption of refined

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borates was an estimated 1,450 kt of B2O3 equivalent.
The total demand for mined borates reached Ceramics 15%
(10% technical ceramics)
approximately 2,900 kt of B2O3 equivalent.

Significant boron reserves exist outside Turkey and China,

including in the United States, South America, and Russia,
with leading suppliers such as Rio Tinto. 50%
Glass

Consequently, the risk of supply shortages impacting the

boron ceramics market is relatively low compared to some
materials Frost & Sullivan have studied. The United States
has also implemented strategies to reduce dependence on
Turkish resources and Chinese processing by onshoring
essential materials.

Source: Frost & Sullivan

101 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Competitive Structure

Denka is the leading supplier of BN powder for technical Boron Nitride and Boron Carbide: Main
ceramic applications, with competitors including Saint Gobain, Industry Participants, Global, 2023
3M, and Momentive.
Company B4C BN
The BN industry features significant vertical integration, with
3M (ESK) X X

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top producers, such as Denka and Momentive, manufacturing a
range of fabricated parts, primarily as semi-finished products DCEI X

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that customers can machine. Denka X

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H C Starck STC
In contrast, companies in the abrasives sector predominantly X X
(Höganäs)
control B4C powder production, with less vertical integration Henze BNP X
between powder production and part fabrication than BN.
JSC Zaporozhabrasive X

Nurol Teknoloji has invested significantly in response to the Kennametal X X

growing demand for personal and vehicle armor. The company Momentive X
acquired Industriekeramik Hochrhein, a German ceramics Saint Gobain X
specialist, to enhance its production of ceramic powders for
Showa Denko X
protective plates. Furthermore, Nurol Teknoloji is investing in
Washington Mills X
high-temperature sintering furnaces to increase its output of
direct-SSiC and B4C, aiming to provide lighter solutions for
personal and vehicle protection.

Source: Frost & Sullivan

102 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Generator:
Other Non-oxides

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Aspirations?
103 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Metrics

Other Non-oxides: Growth Metrics, Global, 2024‒2030

Average Price Per Revenue for Last

Life Cycle Stage Revenue Volume Year of Study Period
Unit

0.8 kilo

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Growth $67.5 M $90/kg $96.6 M
tonnes

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(2023) (2023) (2023) (2030)

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Base Year Growth Compound Annual Number of Degree of
Rate Growth Rate Competitors Technical Change

4.3% 5.3% >10 5

(active competitors in (scale:1 [low] to 10 [high])
(2023) (2023‒2030)
2023)

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
104 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Overview

Aside from the 4 primary materials, a wide range of other Other Non-oxides: Supply Chain Overview,
non-oxide materials can serve as technical ceramics. Global, 2023

Among these, Al nitride (AlN) is the most significant in the Raw

materials
industry. Despite their utility, the volumes of these non-oxide
materials in technical ceramics remain small, as the 6 higher-

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volume technical ceramics adequately serve most applications.

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Powder
AIN production can utilize direct nitridation or carbothermal

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reduction and nitridation. The latter process yields finer powder
with less milling but is more energy-intensive and costly. Other uses
Other routes
Consequently, the prices of AlN powder vary significantly,
to market
ranging from approximately $25 per kg–$250 per kg.

Market drivers and restraints: Parts

Notable inter-material competition exists among the various

non-oxides and between non-oxide and oxide ceramics. For
example, high thermal conductivity applications market BeO as The share of powder production for use in Varies by
technical ceramic applications material
an alternative to AlN.
The share of produced technical ceramic Generally
Additionally, the use of these materials in composite ceramic parts that use powder high
parts, such as TiB2/BN, will drive market growth.

Source: Frost & Sullivan

105 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Revenue and Volume Forecast

Other Non-oxides: Revenue and Volume Forecast, Global, 2024‒2030

Volume CAGR, 2023‒2030 = 5.2%
Revenue CAGR, 2023‒2030 = 5.3%
120.00 1.2

100.00 1.0

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80.00 0.8
Revenue ($ Million)

Volume (kt)
60.00 0.6

40.00 0.4

20.00 0.2

0.00 0.0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Revenue 59.3 61.8 64.7 67.5 70.4 73.8 77.6 81.7 86.2 91.2 96.6
Volume 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9 1.0 1.0 1.1

Note: All figures are rounded. The base year is 2023. Source: Frost & Sullivan
106 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Forecast Analysis and Supply Chain Dynamics

• Other non-oxide technical ceramics, such as AlN and TiB2, are useful because of their superior thermal and electrical
properties, high hardness, and resistance to wear and corrosion.

• Manufacturing processes heavily influence these materials’ quality and pricing, similar to other non-oxide ceramics
such as Si3N4.

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• TiB2’s use as coatings on cutting tools, armor plating, and wear-resistant applications is because of its exceptional

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hardness, electrical conductivity, and resistance to corrosion and oxidation. Additionally, biomedical implants and

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decorative finishes use it.

• AlN finds application in substrates for electronic circuits, heat sinks, and insulators because of its high thermal
conductivity, electrical insulation, and Si-matching thermal expansion properties. The increasing demand for
high-power electronic devices and LED technologies is a significant driver for AlN ceramics.

• Materion is focusing on developing scandium-doped AIN and believes the material is pivotal to advancing 5G and IoT
technologies and will play a central role in future sensors and communication devices.

• Japan’s AlN industry is notably strong in raw material production and part fabrication. Japanese companies, such as
Furukawa and Maruwa, lead in ceramic component manufacturing for the electronics industry. Internationally, large
and diversified technical ceramic fabricators, such as Morgan Advanced Materials, maintain a robust AlN product
line.

Source: Frost & Sullivan

107 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Opportunity
Universe

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What Growth Strategies have you

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embraced to maximize your Growth
Potential?
108 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Opportunity 1: Creating a Portfolio for Markets Undergoing

Electrification
Over Relevant End-User Industries for this Growth Opportunity Applicable Regions
Opp. Size in 5 USD 500 M
Years –
USD 1 B
Central & East Europe
Manufacturing Mobility Metal & Mining

South Asia
Information &
Communications

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Energy & Environment Chemicals & Materials
Technologies Western Europe

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Timeline for Over 5 Electronics & Agriculture, Food & CIS
Govt and Public Sector

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Action Years Semiconductors Nutrition
North America
Construction Education Healthcare & Lifesciences
Latin America

Africa
Consumer Aerospace Hospitality

GO Base Year 2024 Middle East

Banking & Financial
Retail Defense
Services Asia-Pacific

Frost & Sullivan has identified 10 Growth Processes that serve as levers for determining and evaluating new Growth Opportunities.

Customer & Branding Distribution Channel Geographic Expansion Vertical Market Expansion Competitive Strategy

Growth
Processes
Strategic Partnering Product Development Mergers & Acquisitions Product Launch Technology & IP

Source: Frost & Sullivan

109 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Opportunity 1: Creating a Portfolio for Markets Undergoing

Electrification (continued)

Context and Definition Call to Action

• Electrification is emerging as a significant growth opportunity • Companies have two primary options in targeting this market:
for the technical ceramics market, driven by the increasing pull together a portfolio of pre-existing product grades or
demand for high-performance materials in various electric develop new ones.

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applications.

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• Coorstek, for example, has developed a portfolio targeting EV
• As industries transition toward cleaner energy sources and technologies, pulling materials from the various technical

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electric technologies, technical ceramics offer essential ceramics the company offers and how they fit the requirements
properties such as high thermal stability, electrical insulation, of EV industries.
and durability. These materials are integral to the development
• Investment in research and development will be important.
of advanced components in electric vehicles (EVs), energy
Companies can gain a competitive edge in this rapidly growing
storage systems, and power electronics.
market by developing specialized technical ceramics that cater
• For example, in EVs, technical ceramics are used in battery to the evolving needs of EVs and renewable energy systems.
systems and electric motor components due to their ability to
• Collaborating with automotive and energy firms can also drive
withstand high temperatures and electrical stresses, enhancing
innovation and facilitate the adoption of advanced ceramics in
overall performance and longevity.
new technologies. For instance, partnerships with EV
manufacturers to provide custom ceramic solutions could lead
to increased market penetration and revenue growth.

Source: Frost & Sullivan

110 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Opportunity 2: Practicing Sustainability

Over Relevant End-User Industries for this Growth Opportunity Applicable Regions
Opp. Size in 5 USD 500 M
Years –
USD 1 B
Central & East Europe
Manufacturing Mobility Metal & Mining

South Asia
Information &
Communications

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Energy & Environment Chemicals & Materials
Technologies Western Europe

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Timeline for Over 5 Electronics & Agriculture, Food & CIS
Govt and Public Sector

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Action Years Semiconductors Nutrition
North America
Construction Education Healthcare & Lifesciences
Latin America

Africa
Consumer Aerospace Hospitality

GO Base Year 2024 Middle East

Banking & Financial
Retail Defense
Services Asia-Pacific

Frost & Sullivan has identified 10 Growth Processes that serve as levers for determining and evaluating new Growth Opportunities.

Customer & Branding Distribution Channel Geographic Expansion Vertical Market Expansion Competitive Strategy

Growth
Processes
Strategic Partnering Product Development Mergers & Acquisitions Product Launch Technology & IP

Source: Frost & Sullivan

111 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Opportunity 2: Practicing Sustainability (continued)

Context and Definition Call to Action

• In most end markets for technical ceramics, project and supply • To stay competitive in this evolving landscape, industry leaders
chain managers have started prioritizing the right material for should embrace this shift toward sustainability to position their
contracts, considering the initial and long-term costs of companies at the forefront of innovation.

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materials.

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• Stakeholders play a crucial role in the sustainability journey.
• Historically, cost versus performance was the primary driver in They can start by reassessing the supply chain, investing in

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engineering applications. However, project managers are sustainable materials, and adopting energy-efficient production
increasingly tasked with meeting sustainability requirements. processes.

• Imerys, for example, focuses on sustainable practices at the

• Sustainable solutions are generally defined by their minimal
production level. One example is its white-fused alumina
ecological footprint. Yet, the energy-intensive processes
production plant in Hidd, Bahrain, which has cut energy costs
required to produce advanced ceramics often make achieving
and improved its environmental impact. This aligns with
true sustainability a challenge.
Imerys's sustainability goals and Bahrain's Net Zero initiative,
aiming for carbon neutrality by 2060.

• The plant's new solar power system includes rooftop, ground-

mount, and car park solar panels. With over 8,600 panels, the
4.7 MW system produces 7,600 GWh of clean energy annually,
reducing CO2 emissions by 5,000 metric tonnes, which is over
15% of the plant's emissions compared to 2021 levels.

Source: Frost & Sullivan

112 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Opportunity 3: Embracing Advanced Manufacturing

Technologies

USD 100 M Relevant End-User Industries for this Growth Opportunity Applicable Regions
Opp. Size in 5
–
Years
USD 500 M
Central & East Europe
Manufacturing Mobility Metal & Mining

South Asia
Information &
Communications

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Energy & Environment Chemicals & Materials
Technologies Western Europe

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Timeline for Over 5 Electronics & Agriculture, Food & CIS
Govt and Public Sector

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Action Years Semiconductors Nutrition
North America
Construction Education Healthcare & Lifesciences
Latin America

Africa
Consumer Aerospace Hospitality

GO Base Year 2024 Middle East

Banking & Financial
Retail Defense
Services Asia-Pacific

Frost & Sullivan has identified 10 Growth Processes that serve as levers for determining and evaluating new Growth Opportunities.

Customer & Branding Distribution Channel Geographic Expansion Vertical Market Expansion Competitive Strategy

Growth
Processes
Strategic Partnering Product Development Mergers & Acquisitions Product Launch Technology & IP

Source: Frost & Sullivan

113 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Growth Opportunity 3: Embracing Advanced Manufacturing

Technologies (continued)

Context and Definition Call to Action

• In the ever-evolving technical ceramics landscape, staying ahead • To harness the transformative potential of advanced
requires an acute understanding of market dynamics and manufacturing technologies, including additive manufacturing,
customization. companies in the technical ceramics industry should integrate

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these innovations into their operations. This approach can boost

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• One such opportunity lies in the adoption of advanced
production efficiency, minimize material waste, and open new
manufacturing technologies, such as additive manufacturing.

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market opportunities for specialized ceramic applications.
These innovative methods allow for the creation of intricate
ceramic components with unparalleled precision and minimal • Downstream companies should adopt cutting-edge additive
material wastage. manufacturing technologies to produce intricate ceramic
components with high precision and lower material costs.
• At the time of writing our previous report on Technical Ceramics
This strategy will enhance customization and help establish
(May 2019), these technologies were in an emergent stage.
forward-thinking companies at the forefront of technological
However, they are beginning to mature and revolutionize
advancements.
production processes, making them more efficient and
cost-effective. This not only improves customization capabilities • Powder producers should focus on developing powders
but also opens new markets for specialized ceramic optimized for 3D printing. For example, Formlabs has introduced
applications. Alumina 4N Resin, a cost-effective, high-performance ceramic
material designed for stereolithography (SLA) 3D printers,
showcasing the potential of such innovations.

Source: Frost & Sullivan

114 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Appendix & Next Steps

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How does your organization identify

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and prioritize Growth Opportunities?
115 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Benefits and Impacts of Growth Opportunities

Transformation Ecosystem Growth Generator Growth Opportunities Frost Radar Best Practices Companies to Action

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1 2 3 4 5

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Survive & Maximize: One Team: Implementation: Brand Power:
Thrive:
Future Growth CEO’s Growth Align with Growth Investor-
The Coming Potential Team is inspired & Opportunities Customer-
Transformation unified Employee

Which of these benefits would be most important to your Investor-Customer-Employee?

Source: Frost & Sullivan

116 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

Next Steps

Transformation Ecosystem Growth Generator Growth Opportunities Frost Radar Best Practices Companies to Action

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JOIN: APPLY:

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Growth Council Companies to Action

ENGAGE: PARTICIPATE:
Growth Dialog Growth Council Think Tank

Does your current system support rapid adaptation to emerging opportunities?

Source: Frost & Sullivan

117 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

List of Exhibits

Exhibit Slide Number

Technical Ceramics Market: Scope and Definitions, Global, 2018 11
Technical Ceramics Market: Supply Chain, Global, 2023 19
Technical Ceramics Market: Growth Metrics, Global, 2023 21
Technical Ceramics Market: Revenue and Volume Forecast, Global, 2024‒2030 22

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Technical Ceramics Market: Percent Volume by Product Type, Global, 2023 23

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Technical Ceramics Market: Percent Volume by Product Type, Global, 2030 23

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Technical Ceramics Market: Percent Revenue by Product Type, Global, 2023 24
Technical Ceramics Market: Percent Revenue by Product Type, Global, 2030 24
Alumina: Growth Metrics, Global, 2023 27
Alumina: Supply Chain Overview, Global, 2023 28
Alumina: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030 29
Alumina: Growth Drivers, Global, 2024–2030 30
Li-ion Battery Materials: Revenue and Volume Forecast, Global, 2019–2029 32
Alumina: Growth Restraints, Global, 2024–2030 33
Technical Ceramics Market: Alumina Commodity Prices, Global, 2022–2024 34
Alumina: Revenue and Volume Forecast, Global, 2024‒2030 36
Alumina: Supply Chain Summary, Global, 2023 37
118 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

List of Exhibits (continued)

Exhibit Slide Number

Alumina: Main Industry Participants, Global, 2023 38
Zirconia: Growth Metrics, Global, 2023 40
Zirconia: Supply Chain Overview, Global, 2023 41
Zirconia: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030 42

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Zirconia: Growth Drivers, Global, 2024–2030 43

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Zirconia: Growth Restraints, Global, 2024–2030 46

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Zirconia: Revenue and Volume Forecast, Global, 2024–2030 49
Zirconia: Supply Chain Summary, Global, 2023 50
Zirconia: Main Industry Participants, Global, 2023 51
Other Oxides: Growth Metrics, Global, 2023 53
Other Oxides: Supply Chain Overview, Global, 2023 54
Other Oxides: Revenue and Volume Forecast, Global, 2024–2030 55
Other Oxides: Raw Materials and Ceramics in the Magnesium (Mg)–Al-Si System, Global, 2023 57
Other Oxides: Main Industry Participants, Global, 2023 58
Silicon Carbide: Growth Metrics, Global, 2023 60
Silicon Carbide: Supply Chain Overview, Global, 2023 61
Silicon Carbide: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030 62
119 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

List of Exhibits (continued)

Exhibit Slide Number

Silicon Carbide: Growth Drivers, Global, 2024–2030 63
Power Semiconductors: Percentage Segmentation by Material, Global, 2023–2033 64
Silicon Carbide: Growth Restraints, Global, 2024–2030 66
Silicon Carbide: Revenue and Volume Forecast, Global, 2024‒2030 69

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Silicon Carbide: Supply Chain Summary, Global, 2023 70

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Silicon Carbide: Percent Revenue by Participant, Global, 2023 72

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Silicon Nitride: Growth Metrics, Global, 2023 74
Silicon Nitride: Supply Chain Overview, Global, 2023 75
Silicon Nitride: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030 76
Silicon Nitride: Growth Drivers, Global, 2024–2030 77
Silicon Nitride: Growth Restraints, Global, 2024–2030 80
Silicon Nitride: Revenue and Volume Forecast, Global, 2024‒2030 83
Silicon Nitride: Supply Chain Summary, Global, 2023 84
Silicon Nitride: Value Chain Analysis of Denka, 2023 85
Silicon Nitride Powder: Percent Revenue by Participant, Global, 2023 86
Boron Nitride and Boron Carbide: Growth Metrics, Global, 2024‒2030 88
Boron Nitride and Boron Carbide: Supply Chain Introduction, Global, 2023 89
120 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

List of Exhibits (continued)

Exhibit Slide Number

Silicon Nitride: Impact of Drivers and Restraints on Volume and Revenue Growth, Global, 2023–2030 90
Boron Nitride and Boron Carbide: Growth Drivers, Global, 2024–2030 91
Boron Nitride and Boron Carbide: Growth Restraints, Global, 2024–2030 94
Boron Nitride and Boron Carbide: Revenue and Volume Forecast, Global, 2024‒2030 96

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Boron Nitride and Boron Carbide: Volume Share by Material, Global, 2023 97

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Boron Nitride and Boron Carbide: Revenue Share by Material, Global, 2023 97

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BN: Supply Chain Summary, Global, 2023 98
B4C: Supply Chain Summary, Global, 2023 99
Boron Nitride and Boron Carbide: Volume Share by Applications, Global, 2023 100
Boron Nitride and Boron Carbide: Main Industry Participants, Global, 2023 101
Other Non-oxides: Growth Metrics, Global, 2024‒2030 103
Other Non-oxides: Supply Chain Overview, Global, 2023 104
Other Non-oxides: Revenue and Volume Forecast, Global, 2024‒2030 105
121 PFDB-92 Technical Ceramics Market, Global, 2024‒2030

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