The alumina ceramic market in Asia- Pacific was valued at US$ 1897.53 million in 2019 and is projected to reach US$ 2459.01 million by 2027; it is expected to grow at a CAGR of 3.8% from 2020 to 2027. The growing demand for alumina ceramics in the automotive and medical industries is escalating the Alumina Ceramics market. Alumina Ceramics has high electrical insulation, acid and alkali corrosion resistance, and abrasion resistance. These advanced ceramics are used in a range of fields, including automotive and electronic equipment components. The products based on alumina ceramics, such as ceramic bearings, mechanical seals, valves, and sensors, are used in the automotive sector. For instance, Yttria Stabilized Zirconia, a ceramic material known for its high strength, is suitable for pump components such as fuel injectors and mechanical seals for engines requiring high durability.
Further, alumina ceramics are much more cost-effective and durable than plastics and have found widespread use in the automotive industry, as various advanced manufacturing technologies for car components need high-quality materials at an affordable cost. Moreover, ceramics can exhibit a variety of electrical properties, from insulators to resistors to semiconductors. Wide ceramic insulators that carry high-voltage electrical transmission wires are made of alumina (Al2O3). Ceramic insulators such as alumina are also very strong heat conductors. They can be used as supporting material or as mounting brackets to which other electrical components are connected – for example, electronic devices in a modern car are placed on alumina. When the electronics unit runs, it produces heat, and the backrest of the alumina holds the heat away. This makes it possible for the electronic devices to work efficiently.
Based on application, the alumina ceramics market is categorized into electronics and semiconductors, energy and power, military and defense, automotive, industrial, medical, and others. In 2019, the electronics and semiconductors segment were dominating the Asia- Pacific Alumina Ceramic Market. Alumina ceramic is one of the most widely used advanced ceramic materials and an excellent electrical insulator. Alumina ceramic provides a blend of mechanical and electrical characteristics, due to which it can be used for a wide range of applications. Aluminum ceramics are used for interconnectors, resistors, and capacitors in the electronics industry. It is an inexpensive and robust substrate material for hybrid integrated circuits, surface mounting devices, and sensors.
Further, it can also be used for semiconductor applications, including PVD, CVD, and CMP oxide etching, ion implants, and photolithography, to name a few. Furthermore, black alumina ceramic substrates are primarily utilized in semiconductor integrated circuits and electronic products. This is majorly due to the high photosensitivity of the majority of electronic goods. Packaging materials need to have strong light-shield properties to ensure the visibility of the digital display. The use of ceramics decreases the effective weight of assembled electronics, fueling ceramics in the electrical and electronics industries. These factors are responsible for propelling the demand for the alumina ceramic market in the electronics and semiconductor industry.
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and depends on the spread of the virus. The Government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Government has asked the chemicals & materials manufacturers to delay their production, which will adversely affect the worldwide supply of alumina ceramics.
The overall Asia- Pacific Alumina Ceramics market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Asia- Pacific Alumina Ceramics market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Asia- Pacific Alumina Ceramics market. Key players operating in the Asia- Pacific Alumina Ceramics market include BMW Steels Ltd., Ceramtec, Ferrotec Holdings Corporation, Kyocera Corporation, Morgan Advanced Materials, Saint Gobain S.A., and Xiamen Innovacera Advanced Materials Co., Ltd.