Table of Contents

1 EXECUTIVE SUMMARY							9
1.1 CERAMICS BUSINESS – MARKET OVERVIEW					10
1.2 MARKET TRENDS IMPACTING 2024 OUTLOOK 				11
1.3 CERAMICS 5-YEAR REVENUE FORECAST BY SEGMENT 			12
1.4 CERAMICS SEGMENT TRENDS 						13
1.5 CERAMICS TECHNOLOGY TRENDS 						14
1.6  COMPETITIVE LANDSCAPE 						15
1.7  TOP-4 SUPPLIERS’ ACTIVITIES & REPORTED REVENUES 			16
1.8 EHS, TRADE, AND/OR LOGISTICS ISSUES/CONCERNS 			17
1.9  ANALYST ASSESSMENT OF CERAMICS 					18

2 SCOPE, PURPOSE, AND METHODOLOGY					19
2.1 SCOPE 								20
2.2 PURPOSE & METHODOLOGY 						21
2.3 OVERVIEW OF OTHER TECHCET CMR™ OFFERINGS 				22

3 SEMICONDUCTOR INDUSTRY MARKET STATUS & OUTLOOK			23
3.1 WORLDWIDE ECONOMY AND OVERALL INDUSTRY OUTLOOK 			24
3.1.1 SEMICONDUCTOR INDUSTRIES TIES TO THE GLOBAL ECONOMY		26
3.1.2 SEMICONDUCTOR SALES GROWTH					27
3.1.3 TAIWAN OUTSOURCE MANUFACTURER MONTHLY SALES TRENDS		28
3.2 CHIPS SALES BY ELECTRONIC GOODS SEGMENT 				29
3.2.1 ELECTRONICS OUTLOOK						30
3.2.2 AUTOMOTIVE INDUSTRY OUTLOOK					31
3.2.2.1 ELECTRIC VEHICLE (EV) MARKET TRENDS				32
3.2.2.2 INCREASE IN SEMICONDUCTOR CONTENT FOR AUTOS			33
3.2.3 SMARTPHONE OUTLOOK						34
3.2.4 PC OUTLOOK							35
3.2.5 SERVERS / IT MARKET						36
3.3 SEMICONDUCTOR FABRICATION GROWTH & EXPANSION 			37
3.3.1 IN THE MIDST OF HUGE INVESTMENT IN CHIP EXPANSIONS		38
3.3.2 NEW FABS IN THE US						39
3.3.3 WW FAB EXPANSION DRIVING GROWTH 					40
3.3.4 EQUIPMENT SPENDING TRENDS						41
3.3.5 ADVANCED LOGIC TECHNOLOGY ROADMAPS				42
3.3.5.1 DRAM TECHNOLOGY ROADMAPS					43
3.3.5.2 3D NAND TECHNOLOGY ROADMAPS					44
3.3.6 FAB INVESTMENT ASSESSMENT						45
3.4 POLICY & TRADE TRENDS AND IMPACT 					46
3.5 SEMICONDUCTOR MATERIALS OVERVIEW 					47
3.5.1 TECHCET WAFER STARTS FORECAST THROUGH 2028			48
3.5.2 TECHCET MATERIALS MARKET FORECAST THROUGH 2028			49

4 CERAMICS MARKET TRENDS 						50
4.1 CERAMICS MARKET TRENDS – OUTLINE 					51
4.1.1 2023 CERAMICS MARKET LEADING INTO 2024				53
4.1.2 CERAMICS LANDSCAPE						54
4.1.3 CERAMICS MARKET OUTLOOK						55
4.2 CERAMICS 5-YEAR REVENUE FORECAST BY SEGMENT				56
4.2.1 CERAMICS PRODUCTION CAPACITY OF TOP SUPPLIERS – 
(NO ELECTROSTATIC CHUCKS)						57
4.3 ALUMINUM NITRIDE (ALN) MARKET SEGMENT				58
4.4 AL2O3 + OTHER COMPONENTS MARKET SEGMENT				60
4.4.1 AL2O3 + OTHER COMPONENTS MARKET SEGMENT, CONTINUED		60
4.5 HPA AL2O3								62
4.6 SIC (ALL AND CVD) COMPONENTS MARKET SEGMENT				63
4.6.1 SIC (ALL AND CVD) COMPONENTS MARKET SEGMENT, CONTINUED		64
4.6.2 CVD-SIC COMPONENTS- 5-YEAR FORECAST				65
4.6.3 CVD-SIC COST COMPONENTS MARKET SHARES				66
4.6.4 CVD-SIC COST CONSIDERATIONS AND ALTERNATIVES			67
4.7 CERAMICS PRODUCTION BY REGION 					68
4.8 CERAMICS PRODUCTION CAPACITY EXPANSIONS				69
4.8.1 CAPACITY EXPANSIONS & INVESTMENT ANNOUNCEMENTS			70
4.8.2 INVESTMENT ACTIVITY ADDITIONAL COMMENTS				71
4.9 CERAMICS SUPPLY VS. DEMAND BALANCE – OVERVIEW			72
4.10 PRICING TRENDS 							73
4.11 TECHNOLOGY TRENDS/TECHNICAL DRIVERS - OUTLINE 			74
4.11.1 CERAMICS GENERAL TECHNOLOGY OVERVIEW				75
4.12 CERAMICS PRODUCTION CAPACITY OF TOP SUPPLIERS – INCLUDES 
ELECTROSTATIC CHUCKS							79
4.12.1 GENERAL TECHNOLOGY OVERVIEW - ELECTROSTATIC CHUCKS		80
4.12.2 CERAMICS GENERAL TECHNOLOGY OVERVIEW – ELECTROSTATIC CHUCKS	81
4.12.3 ELECTROSTATIC CHUCK REVENUE TREND AND FORECAST			82
4.13 CERAMICS TECHNOLOGY TRENDS						83
4.13.1 CERAMICS TECHNOLOGY TRENDS, CONTINUED				83
4.14 REGIONAL CONSIDERATIONS 						86
4.14.1 REGIONAL CONSIDERATIONS – FABRICATORS’ REVENUES BY COUNTRY 	87
4.14.2 REGIONAL ASPECTS AND DRIVERS					88
4.15 EHS AND TRADE/LOGISTIC ISSUES  					91
4.15.1 EHS AND TRADE/LOGISTIC ISSUES- TRANSPORTATION  			91
4.15.2 EHS ISSUES – ENVIRONMENTAL IMPACT				96
4.15.3 TRADE/LOGISTICS ISSUES- SUMMARY					97
4.16  ANALYST ASSESSMENT OF CERAMICS MARKET TRENDS 			99

5 SUPPLY-SIDE MARKET LANDSCAPE  					100
5.1 CERAMICS MARKET SHARE 						101
5.1.1 CERAMICS FABRICATORS OFFERINGS					102
5.1.2  TOP-4 SUPPLIERS’ ACTIVITIES & REPORTED REVENUES 			103
5.1.3 ACTIVITY – NGK INSULATORS						104
5.1.4 ACTIVITY – COORSTEK						105
5.1.5 ACTIVITY – KYOCERA						106
5.1.6 ACTIVITY – AGC (ASAHI GLASS)					107
5.1.7 ACTIVITY – MARUWA							108
5.1.8 ACTIVITY – FERROTEC						109
5.2 M&A ACTIVITY AND PARTNERSHIPS 					110
5.3 PLANT CLOSURES 							111
5.4 NEW ENTRANTS 							112
5.5 TECHCET ANALYST ASSESSMENT OF CERAMICS SUPPLIERS 			113

6 SUB-TIER SUPPLY-CHAIN, CERAMICS 					114
6.1 SUB-TIER SUPPLY CHAIN: SOURCES & MARKETS OVERVIEW 			115
6.2 SUB-TIER SUPPLY CHAIN: ALUMINA (AL2O3) - ORES AND POWDERS 		116
6.2.1 SUB-TIER SUPPLY CHAIN: ALUMINA (AL2O3) PROCESSING BY REGION 	117
6.2.2 SUB-TIER SUPPLY CHAIN: ALUMINA (AL2O3) BY SUPPLIER 		118
6.2.3 SUB-TIER SUPPLY CHAIN: ALUMINA (AL2O3) – SUPPLIER 
PRODUCTS AND GRADES 							119
6.3 SUB-TIER SUPPLY CHAIN: SILICON CARBIDE (SIC) - ORES AND POWDERS 	120
6.4 SUB-TIER SUPPLY CHAIN: BLANKS 					121
6.5 SUB-TIER SUPPLY-CHAIN M&A OR PARTNERSHIP ACTIVITY 			123
6.6 SUB-TIER SUPPLY-CHAIN EHS AND LOGISTICS ISSUES 			124
6.7 SUB-TIER SUPPLY-CHAIN PLANT UPDATES 				125
6.8 SUB-TIER SUPPLY-CHAIN PLANT CLOSURES 				126
6.9 SUB-TIER SUPPLY-CHAIN TECHCET ANALYST ASSESSMENT			127

7 PROFILES								128
3M COMPANY
AGC INC.
APPLIED CERAMICS, INC.
ASUZAC INC., FINE CERAMICS DIVISION
CARBORUNDUM UNIVERSAL LTD (CUMI)
...AND 30+ MORE

8 APPENDIX								294
8.1 RAW MATERIAL PRODUCTION DETAILS 					295
8.2 ALUMINA PRODUCTION 							297
8.3 RAW MATERIAL PRODUCTION PROCESSES – ALUMINIUM NITRIDE AND 
BORON NITRIDE								298 
8.4 ALUMINUM NITRIDE PRODUCTION PROCESS					299

FIGURES
FIGURE 1.1: CERAMICS REVENUE FORECAST BY SEGMENT			12
FIGURE 1.2: CERAMICS MARKET SHARE % BY SUPPLIER				15
FIGURE 1.3: MOST RECENT QUARTERLY CERAMICS SUPPLIER SALES		16
FIGURE 3.1: GLOBAL ECONOMY AND THE ELECTRONICS SUPPLY CHAIN  (2023)  	26
FIGURE 3.2: WORLDWIDE SEMICONDUCTOR SALES				27
FIGURE 3.3: TECHCET’S TAIWAN SEMICONDUCTOR INDUSTRY INDEX (TTSII) 
IN 000’S OF NTD								28
FIGURE 3.4: 2023 SEMICONDUCTOR CHIP APPLICATIONS 			29
FIGURE 3.5: GLOBAL LIGHT VEHICLE UNIT SALES				31
FIGURE 3.6: ELECTRIFICATION TREND BY WORLD REGION			32
FIGURE 3.7: AUTOMOTIVE SEMICONDUCTOR PRODUCTION				33
FIGURE 3.8: MOBILE PHONE SHIPMENTS, WW ESTIMATES			34
FIGURE 3.9: WORLDWIDE PC AND TABLET FORECAST  				35
FIGURE 3.10: TSMC PHOENIX CAMPUS WITH THE 2ND FAB VISIBLE IN 
THE BACKGROUND								37
FIGURE 3.11: ESTIMATED GLOBAL FAB SPENDING 2023-2028  			38
FIGURE 3.12: FAB EXPANSIONS WITHIN THE US 				39
FIGURE 3.13: SEMICONDUCTOR CHIP MANUFACTURING REGIONS OF THE WORLD 	40
FIGURE 3.14: GLOBAL TOTAL EQUIPMENT SPENDING (US$ M) AND Y-O-Y CHANGE 	41
FIGURE 3.15: ADVANCED LOGIC DEVICE TECHNOLOGY ROADMAP OVERVIEW  	42
FIGURE 3.16: DRAM TECHNOLOGY ROADMAP OVERVIEW  				43
FIGURE 3.17: 3D NAND TECHNOLOGY ROADMAP OVERVIEW  			44
FIGURE 3.18: INTEL OHIO PLANT SITE AS OF FEB. 2024   			45
FIGURE 3.19: TECHCET WAFER START FORECAST BYNODE SEGMENTS		48 
FIGURE 3.20: TECHCET WORLDWIDE MATERIALS FORECAST  			49
FIGURE 4.1: TECHCET WAFER START FORECAST BY NODE SEGMENTS		52
FIGURE 4.2: CERAMICS REVENUE FORECAST BY SEGMENT			56
FIGURE 4.3: CERAMICS MARKET SHARE % BY SUPPLIER				57
FIGURE 4.4: ALUMINUM NITRIDE (ALN) COMPONENTS FORECAST			58
FIGURE 4.5: ALUMINUM NITRIDE (ALN) PARTS MARKET SHARE ESTIMATE		59
FIGURE 4.6: AL2O3 & ALL OTHER COMPONENTS FORECAST			60
FIGURE 4.7: AL2O3 & ALL OTHER PARTS MARKET SHARE ESTIMATE		61
FIGURE 4.8: 99.8% AND HPA (99.99) ALUMINA COMPONENTS FORECAST		62
FIGURE 4.9: SIC (ALL INCLUDING CVD) COMPONENTS FORECAST			63
FIGURE 4.10: SIC (ALL INCLUDING CVD) PARTS MARKET SHARE ESTIMATE	64
FIGURE 4.11: CVD-SIC COMPONENTS FORECAST				65
FIGURE 4.12: CVD-SIC PARTS MARKET SHARE ESTIMATE			66
FIGURE 4.13: CVD-SIC PARTS RELATIVE PRICING				67
FIGURE 4.14: CERAMICS BY REGION (CORP HEADQUARTERS)			68
FIGURE 4.15: CERAMICS SUPPLY CHAIN AND APPLICATION 			75
FIGURE 4.16: EXAMPLES OF CERAMICS USED FOR THERMAL PROCESSES		76
FIGURE 4.17: EXAMPLES OF CERAMICS USED FOR DRY ETCHING			77
FIGURE 4.18: EXAMPLE OF CERAMICS USED FOR CVD & EPI			78
FIGURE 4.19: CERAMICS MARKET SHARE % BY SUPPLIER WITH ECHUCKS		79
FIGURE 4.20: OVERVIEW OF ELECTROSTATIC CHUCK TECHNOLOGIES		80
FIGURE 4.21: ELECTROSTATIC CHUCK MARKET SHARE				81
FIGURE 4.22: ELECTROSTATIC CHUCK REVENUE TREND AND FORECAST		82
FIGURE 4.23: 2023 CERAMICS REVENUE SHARE BY REGION			86
FIGURE 4.24: 2023/2022 CHANGE IN REVENUES FOR SPECIFIC CERAMICS 
FABRICATORS BY HEADQUARTER COUNTRY BY REGION				87
FIGURE 4.25: GLOBAL CONTAINER FREIGHT RATE INDEX			91
FIGURE 4.26: ASSESSED CONTROL OF TERRAIN AROUND DONETSK			92
FIGURE 4.27: YEMEN’S HOUTHI ATTACKS DISRUPTINGGLOBAL SHIPPING		93
FIGURE 4.28: MIDDLE EAST CONFLICT					94
FIGURE 4.29: PANAMA CANAL SHIPPING					95
FIGURE 4.30: GREENHOUSE GAS PROTOCOL, DETAILED CATEGORIES		96
FIGURE 4.31: SCOPE 3 EMISSIONS FOR SEMICONDUCTOR COMPANIES		96
FIGURE 5.1: 2023 CERAMICS SUPPLIER MARKET SHARE BY REVENUE		101
FIGURE 5.2: MOST RECENT QUARTERLY CERAMICS SUPPLIER SALES		103
FIGURE 5.3: MARUWA CURRENT QUARTER FINANCIALS 				108
FIGURE 6.1: 2023 ALUMINA ORES AND POWDERS BY REGION 			116
FIGURE 6.2: 2023 ALUMINA PRODUCTION BY REGION 				117
FIGURE 6.3: SPECIALTY ALUMINA POWDER BY SUPPLIER			118

TABLES	
TABLE 1.1: ELECTRONIC CERAMICS GROWTH OVERVIEW				10
TABLE 1.2: ESTIMATED MARKET SHARE BY SUPPLIER				15
TABLE 3.1: GLOBAL GDP AND SEMICONDUCTOR REVENUES			24
TABLE 3.2: BATTERY ELECTRIC VEHICLE (BEV) REGIONAL TRENDS		32
TABLE 3.3: DATA CENTER SYSTEMS AND COMMUNICATION SERVICES MARKET 
SPENDING 2023								36 
TABLE 4.1: ESTIMATED MARKET SHARE BY SUPPLIER				57
TABLE 4.2: CERAMICS SUPPLIER LOCATIONS 					68
TABLE 4.3: OVERVIEW OF ANNOUNCED 2023/2024 CERAMIC SUPPLIER INVESTMENTS	70
TABLE 4.4: ESTIMATED CERAMICS SHARE BY SUPPLIER				79
TABLE 4.5: REGIONAL CERAMICS FOR SEMICONDUCTOR MANUFACTURING MARKETS	88
TABLE 4.6: REGIONAL CERAMICS FOR SEMICONDUCTOR MANUFACTURING MARKETS
, CONTINUED								89
TABLE 5.1: 2023 CERAMICS OFFERINGS BY MATERIAL 				102
TABLE 5.2: NGK INSULATORS CURRENT QUARTER FINANCIALS 			104
TABLE 5.3: #2 KYOCERA CURRENT QUARTER FINANCIALS 			106
TABLE 5.4: AGC CURRENT QUARTER FINANCIALS 				107
TABLE 5.5: FERROTEC FINANCIALS, SEMI 					109
TABLE 5.6: FERROTEC CURRENT QUARTER FINANCIALS 				109
TABLE 6.1: PRODUCT OFFERINGS AND PURITY OF LEADING ALUMINA 
POWDER PRODUCERS							119
TABLE 6.2: HIGH PURITY SILICON CARBIDE POWDER PRODUCERS RANKING	120
TABLE 6.3: RANKING OF CERAMIC BLANK MANUFACTURERS			121
TABLE 8.1: HIGH PURITY ALUMINA NITRIDE POWDER PRODUCERS RANKING		134