The alumina ceramic market in Europe was valued at US$ 911.74 million in 2019 and is projected to reach US$ 1,130.20 million by 2027; it is expected to grow at a CAGR of 3.2% from 2020 to 2027. Alumina ceramics is the most commonly used advanced ceramics material. These industrial ceramics are environment friendly and reliable for use. Due to its strong inter-atomic ion bonding, alumina provides good performance in terms of chemical and thermal stability, relatively good strength, and thermal and electrical insulation properties at a reasonable price. With a range of purities and a relatively low cost in processing raw materials, alumina can be used for various applications across different industries at reasonable prices.
Their ability to withstand the high temperatures has increased their demand for solar energy conversion, photovoltaic (PV), and other power plant engine systems. Development in the renewable energy sector is also expected to drive the market growth. Further, an environment friendly manufacturing method for alumina ceramics using hydraulic alumina (HA) and water, without adding an organic binder, the alumina green body maintains its original form through the hydration of HA in the green body. The results of the evolution of the gas analysis-mass spectrometry measurements have shown that the latest production process for alumina ceramics is eco-friendly. Owing to this, there is a rapid demand for alumina ceramics across various industries such as electrical & electronics, transportation, medical, defense & security, environmental, and chemical.
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 dominated the European 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 a cost-worthy and robust substrate material for hybrid integrated circuits, surface mounting devices, and sensors.
Further, it can be used for semiconductor applications, including PVD, CVD, CMP oxide etching, ion implants, and photolithography. Further, black alumina ceramic substrates are primarily utilized in semiconductor integrated circuits and electronic products. These factors are responsible for propelling the demand for the alumina ceramic market in the electronics and semiconductor industry.
However, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In Europe, as per the recent data, Russia has recorded the highest number of COVID-19 cases. Other than this, France, the UK, Italy, Spain, and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is projected to negatively impact the market growth in Europe.
The overall Europe 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 Europe 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 Europe alumina ceramics market. Key players operating in the Europe alumina ceramics market include Ceramtec, Dynamic Ceramic, Ferrotec Holdings Corporation, Kyocera Corporation, Morgan Advanced Materials, and Saint Gobain S.A.