Alumina: The Backbone of Advanced Ceramics for Demanding Applications
The global advanced ceramics market was valued at approximately USD 107.00 billion in 2023 and is projected to experience a steady growth rate with a compound annual growth rate (CAGR) of 4.2% between 2024 and 2030. This growth is being driven by the increasing demand for advanced ceramics across a wide range of industries, including growing sectors such as medical and telecommunications. These ceramics, also referred to as technical ceramics, offer enhanced properties such as improved magnetic, optical, thermal, and electrical conductivity. Their application helps end-users achieve greater efficiency in their products, ultimately leading to reductions in both production and energy costs. The Asia Pacific region stands out as a key market for the consumption of advanced ceramics, positioning itself as a global leader in this sector. In the United States, the rising demand for advanced ceramics is largely due to the preference for lightweight materials across multiple industries. The in...