The market for advanced and nanosized ceramic powders was estimated at over $16.2 billion in 2018 and is forecast to expand to approximately $24.5 billion in 2023, growing at a CAGR of 8.6%.

Advanced ceramic powders account for the bulk of this market (81.9% in 2017), but nanosized powders are expected to increase in market share as they are in a significantly more dramatic growth stage of economic development and are expected to reach a 25.0% market share in 2023.