Demand for advanced ceramics is growing from a number of different sources. But to take advantage, suppliers need to evolve not only in terms of their materials but also in the way they bring them to market. In this blog, we highlight five opportunities for suppliers of advanced ceramics, including the ability to reach more customers through digital channels.
1) Growth in traditional markets
Industry analysts expect the global advanced ceramics market to reach $100 billion by 2025, which represents a Compound Annual Growth Rate (CAGR) of 7.9%. This growth will come from both new applications for the materials as well as increased demand from existing markets.
For example, the silicon carbide power semiconductors market is expected to see significant growth over the next 4-5 years as digital technology continues to proliferate across the globe.
The biotechnology market, too, is likely to grow, primarily driven by demand in dental and orthopaedic applications in emerging economies.
2) Piezoelectric devices
As the world shifts to a low-carbon economy, demand for piezoelectric devices – from sensors and transducers to generators and motors – continues to increase.
This combination of increased demand for energy-harvesting technologies and greater investment from governments and private equity will see the piezoelectric devices market reach $24.9 billion by 2023. Ceramics suppliers are well placed to take a significant slice of this pie.
Another exciting application of piezoelectric ceramics has been floated by researchers at Lancaster University. When embedded in road surfaces, such materials would use the piezoelectric effect to turn the mechanical energy of vehicle vibrations into electric power. Developments like this really demonstrate the wide range of potential applications for advanced ceramics.
In this white paper, we look at some interesting opportunities for advanced ceramics suppliers, including new markets and applications for piezoelectric devices, smart factories of the future and current industry trends. Download now.
3) Clean energy
A new ceramic membrane developed based on research by a joint team from CoorsTek, the University of Oslo, and the Instituto de Tecnología Química (in Spain), can help generate hydrogen from natural gas and electricity with almost no energy loss.
This hyper-efficient approach to hydrogen production could make it the most affordable – and most environmentally friendly – way to fuel vehicles in the future.
What’s also exciting is that this near-zero energy loss method of energy conversion creates the possibility to use advanced ceramics to develop zero-carbon energy systems.
4) Smart factories
Factories are becoming increasingly smarter; they’re employing automation, robotics, AI and IoT technologies to be more efficient and autonomous. And behind many of the advancements are sensors that capture data on what’s happening in the factories.
Take vibration sensors, for example. They provide real-time, remote measurement of high and low-frequency vibrations with a high degree of precision, often at extreme operating temperatures. Advanced ceramics are a vital component of these sensors as they have the necessary properties to deliver the performance required.
Check out our newest SlideShare presentation on advanced ceramics! Don’t forget to share it with your network and friends.
While ‘digital’ is not an opportunity for a new application of ceramics, it does represent a chance for suppliers to reach new customers.
The world is increasingly moving online, and there’s no doubt this also applies to how companies select and source materials. Many engineers, designers and product developers now perform a lot of their research online, so companies that don’t have a strong presence in the internet will never be found.
But companies that do embrace the digital opportunity can benefit in a number of ways, for example:
- They can connect with potential material buyers at an earlier stage in the selection process
- Digital marketing channels can be more cost-effective than traditional marketing channels
- Analytics from digital platforms can provide insight into what buyers are looking for and help suppliers identify new opportunities more easily
It can be challenging to know where to start, though, and that’s where Matmatch can help. If you’re an advanced ceramics supplier and would like to reach new customers online, a listing on Matmatch can help you do just that. Find out more and request a demo of the platform here.