Global Ceramic Inserts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ceramic Inserts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ceramic Inserts are indexable inserts made from aluminum oxide or silicon nitride. They have a hardness of 2,100-2,500 HV (About 40% above carbide), which enables them to machine Hard Steel up to 55 HRC. It can also machine cast iron and nickel-based alloys six times faster compared to coated carbide inserts.

Market Overview:

The latest research study on the global Ceramic Inserts market finds that the global Ceramic Inserts market reached a value of USD 1766.07 million in 2022. It’s expected that the market will achieve USD 2344.46 million by 2028, exhibiting a CAGR of 4.83% during the forecast period.

COVID-19 disease is spreading all over the world, infecting millions of people around the world, and major countries around the world have imposed embargoes and stop-work orders. Over the past year, the market has witnessed a decline in company sales and marketing activities, temporary business shutdowns and disruptions to supply chain and manufacturing activities. A considerable number of companies are still struggling due to manufacturing delays, which are mainly due to restrictions on raw materials and on-site labor. For some ceramic insert manufacturers, due to social distancing measures and supply chain delays, the crisis has slowed down product delivery and has had a certain impact on revenue.

The epidemic has also affected the downstream of ceramic inserts industry. The epidemic has also affected the downstream of ceramic inserts industry. Since the start of the COVID-19 pandemic, the automotive world received a series of blows and surprises. Lockdowns, travel restrictions and the resulting fallout have affected the automotive sector in a one-of-a-kind fashion. Many automotive suppliers and other manufacturers face complications in procuring enough raw material. Production cuts in downstream industries have affected demand for ceramic inserts.

In addition, small and medium companies face severe challenges in their capital chain. This epidemic will accelerate the reorganization and integration of the ceramic inserts industry. After the epidemic, the market is bound to rebound. For those strong and competitive companies, the industry competitive environment will be greatly improved by then, and the market space released by the fallen companies will provide development opportunities for the surviving companies.

Ceramic inserts have gained increased traction as a viable alternative to carbide inserts

Ceramic inserts most notably offer a much higher heat resistance than their carbide counterparts. While there are a handful of variations within the ceramic insert category, generally speaking, they offer solutions for machining metals that are extremely hard. The heat-resistant nature of ceramic inserts allows for reduced production time because ceramics can handle constant cutting at higher speeds. This cuts back on both time and costs.

Ceramic inserts industry has high barriers to entry

Ceramic insert industry is a technology-intensive and capital-intensive industry, which has certain entry threshold, and requires a continuous high level of R&D investment to maintain the technological advantages of products and narrow the gap with the international first-class enterprises. The manufacturing process of ceramic inserts is long and complicated, the key quality control points in the production process are many and difficult, the equipment requirements are high, and there are high technical barriers and capital barriers. Accordingly, compared with traditional products, the gross margin level of ceramic insert products is also higher.

Cutting challenges for difficult-to-machine metal materials

In industries where titanium, stainless steel, Inconel and other high temperature and heat resistant alloys are heavily used, more and more manufacturers are looking for machining solutions that extend tool life, improve productivity, provide reliable and consistent part quality, and take advantage of the latest advances in machine tool technology. The cutting heat and the unique machining properties of these metals stand in the way when processing these materials. This workpiece material cost is high, the processing process is expensive, time-consuming and laborious, once the processing failure, will pay a high price. Therefore, tool suppliers have become valuable engineering resources for their customers in a real sense.

Region Overview:

Europe dominated the Ceramic Inserts market in 2021, with a market share of 34.15%.

Company Overview

Sandvik, Kennameta, IMC Group were the top 3 players in the Ceramic Inserts market in 2022, taking up a market share of 41% together.

Segmentation Overview:

As for product types, the Polycrystalline Ceramics segment held the largest market share in 2021.

Singlecrystal Ceramics

Ceramic single crystals span a very wide range of materials from ionic crystals like the alkali halides with ionic bonding over oxides with mixed bonding to the carbides or nitrides with strong covalent bonding.

Polycrystalline Ceramics

Polycrystalline ceramics are solids in which the atoms or ions are arranged in regular array. They are bonded by ionic bonds with some covalent bonds.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ceramic Inserts market covered in Chapter 3:

IMC Group
Sandvik
NGK Spark Plug
KORLOY
CeramTec
Greenleaf Corporation
Walter AG
WIDIA
Kennametal
North America Carbide
Kyocera

In Chapter 4 and Chapter 14.2, on the basis of types, the Ceramic Inserts market from 2018 to 2029 is primarily split into:

Singlecrystal Ceramics
Polycrystalline Ceramics

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ceramic Inserts market from 2018 to 2029 covers:

Aerospace
Automotive
Energy and Power
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)