Lead Zirconate Titanate (PZT) Market Set to Witness an Uptick during 2015 - 2025
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Lead Zirconate Titanate (PZT) Market: Drivers and restraints
The growing automotive industry is expected to be a major demand driving factor for the global lead zirconate titanate market in the forecast period. The use of lead zirconate titanate in sensors is anticipated to rise the global lead zirconate titanate market. Also, the growing medical sector is projected to increase the demand for lead zirconate titanate, thus boosting the global lead zirconate titanate market in the upcoming years. The growth of global lead zirconate titanate market can be restrained by the use of alternatives with similar properties as that of PZT, as lead zirconate titanate contains more than 50% of lead. Growing concerns about the toxicity of lead is anticipated to decrease the rise of global lead zirconate titanate market. Research and development of lead free piezoelectric materials can decline the growth of global lead zirconate titanate market in the upcoming years. However, the global lead zirconate titanate market is anticipated to witness growth unless the regulatory agencies forces the manufacturers to use alternatives.
Lead Zirconate Titanate (PZT) Market: Segmentation
The global lead zirconate titanate market is broadly segmented based on types as
Hard lead zirconate titanate
Soft lead zirconate titanate
The global lead zirconate titanate market is also segmented on the basis of end use industries as
The global lead zirconate titanate market is again classified on the basis of applications as
Others (buzzers, spark generators, etc.)
Lead Zirconate Titanate (PZT) Market: Region – wise outlook
The global lead zirconate titanate market can be broadly segmented on the basis of geography as North America, Latin America, Middle East and Africa, Western Europe, Eastern Europe, Japan and Asia Pacific. North America and Asia Pacific is together expected to contribute maximum share in the global lead zirconate titanate market. Asia Pacific is expected to witness higher growth rate in the global lead zirconate titanate market in the forecast period. India and China are expected to be the fastest growing countries as they are witnessing massive growth in the automotive industry.
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Lead Zirconate Titanate (PZT) Market: Major Key players
Some of the key players identified in the global lead zirconate titanate market are
Morgan Advanced Materials plc
PI Ceramic GmbH
APC International, Ltd.
Sparkler Ceramics Pvt. Ltd.
Piezo Kinetics, Inc.
TRS Technologies, Inc.
Mitsubishi Materials Corporation
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