Press release
Electroceramics Market to Hit $12,084.4 Million by 2023 Top Key Players are CoorsTek, Inc., Morgan Advanced Materials, MARUWA CO., LTD., PI Ceramic GmbH, Central Electronics Limited
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the electroceramics market is segmented on basis of type, material, application, and region. On the basis of type, the market is categorized into dielectric ceramics, conductive ceramics, piezoelectric ceramics, magnetic ceramics, and others (fast ion and ferroelectric ceramics). Among these, dielectric ceramics accounted for the largest market share during the historical period, owing to their adoption in consumer and industrial devices and components.
the electroceramics market is categorized into capacitors, data storage devices, optoelectronic devices, actuators and sensors, powder distribution devices, and others (radio frequency devices and resonators). Capacitors are critical components in electronic circuits for the purpose of restricting direct current while simultaneously aiding alternating current to pass. This along with their ability to regulate power transmission in electronic circuits spearheaded the demand for ceramics and contributed in generating the largest revenue share in the market during the historical period.
Globally, the APAC electroceramics market is expected to witness the fastest revenue growth, demonstrating a CAGR of 7.1%, during the forecast period. This is attributable to high-volume demand for these ceramics in consumer electronics and automotive manufacturing industries in the region. Furthermore, growth in other end-use industries such as medical are also expected to warrant adoption of these ceramics, thereby driving the growth of the market, during the forecast period.
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Countries such as China, Japan, India, South Korea, and Taiwan are the regional hubs for the production of different consumer electronic products. Large industrial bases for the production of information and communications technology (ICT) goods in the region, particularly in China, meet the demand for electronic products throughout the world. Furthermore, the large-scale production of ICT goods involves the production of electronic components, consumer electronics, communication equipment, and computers and peripheral equipment.
Some of the major players operating in the global electroceramics market are Kyocera Corporation, CoorsTek Inc., CeramTec GmbH, Morgan Advanced Materials plc, Maruwa Co. Ltd., APC International Ltd., PI Ceramic GmbH, Sensor Technology Limited, Murata Manufacturing Co. Ltd., and Central Electronics Limited.
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