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Electroceramics Market 2019 By Industry Growth & Regional Forecast

Author : Rahul Varpe | Published Date : 2019-06-10 

Global Market Insights add New Global Electroceramics Market report provides in-depth information about market overview, top vendors, Key market highlights, market drivers, challenges, trends, industry landscape, and forecast analysis, Key leading countries/Region.

Global Electroceramics Market size is witnessing a decent growth from the past few years and is expected to follow the similar trend over the forecast spell. These products are also called as advanced ceramic materials which find major applications in electrical, optical and electromagnetic applications. Increase in demand of automobiles and consumer electronic products in the Asia Pacific region due to increase in disposable income coupled with population growth will drive the electroceramics market demand in forecast timeframe. This is all owing to significant usage of the product in automotive and electronic items as a key part of sensors, capacitors, etc. as it holds excellent thermal and electrical resistant features.

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Based on application, electroceramics market is broadly classified into electronics, energy and power, automobile and others. The other applications include environment monitoring, aerospace & defense, etc. Piezoelectric ceramics are used to generate signals by the application of mechanical stress and this property makes them ideal to be used as sensors, actuators, sonar wave detectors, etc.

The product is also used in inkjet printers to control the flow of inks, in loudspeakers to convert voltage into mechanical movement as fuel injectors in diesel engines and in thermal imaging equipments. Electroceramics are also used as detectors for IR radiations through gas samples. Stringent environmental norms make the usage of pollution control devices in industries mandatory and this will drive the industry size subsequently by 2025.

Based on product type, electroceramics market is majorly classified into five categories; dielectric ceramics, piezoelectric ceramics, ferroelectric ceramics, magnetic ceramics and others. The others product segment includes ceramic insulators, pyroelectric ceramics etc. Among these dielectric ceramics are extensively used in applications such as sensors, actuators and capacitors

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Based on region, Asia Pacific constitute the largest share in the electroceramics market size due to substantial growth in semiconductor and electronics industries. Electronic industry has experienced highest growth in the region owing to recent initiatives taken by the governments to promote domestic manufacturing, rapid technological advancements, large consumer base and availability of low cost resources. The electronics market in India is expected to reach USD 400 billion by 2020. In 2016, India witnessed USD 18.36 billion FDI in electronics manufacturing and this trend mentioned above will continue to follow. This in turn will boost the electroceramics market growth in coming years.

The prominent players in electroceramics market are Coorstek Inc., Hitachi Metals America Ltd., Piezo technologies, Materion Corporation, Annon Piezo Technology Co. Limited, Harris Corporation, Morgan Advanced Materials, Ceradyne Inc., Dexter Magnetic Technologies Inc., Accuratus Corporation, Keltron Electro Ceramics Ltd., Rubicon Technology, APC International Ltd., Advanced Abrasives, Kyocera Corporation, Maruwa Co. Ltd.

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Most of the companies are engaged in the expansion of product range and line as well as expansion in emerging markets through acquisitions, associations and mergers. For instance, in 2014, CoorsTek Inc. started its new subsidiary CoorsTek Medical LLC exclusively to cater the medical industry need which will provide high-performance engineered ceramic products and components to medical industry utilizing its prior experience in this field.

Read more News @ https://www.marketwatch.com/press-release/bakery-packaging-market-revenue-regional-analysis-2019-2025-2019-06-10

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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