Press release
Piezoelectric Materials Market Current Trends, Key Industry Players, Business Strategies, Growth Analysis till 2031
Piezoelectric Materials
According to the latest report by Allied Market Research, the global piezoelectric materials market exhibited a revenue of $1.4 billion in 2021 and is anticipated to reach $2.5 billion by 2031, marking a robust Compound Annual Growth Rate (CAGR) of 6.2% from 2022 to 2031. This comprehensive report delves into winning strategies, market trends, estimations, value chains, key investment areas, drivers, opportunities, and regional landscapes. It serves as an essential source for stakeholders, offering insights to shape future strategies and enhance market positioning.
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ https://www.alliedmarketresearch.com/request-sample/21555
Key Report Highlights:
Market Dynamics:
The report covers evolving market trends, size estimations, value chain analysis, and a detailed examination of drivers, opportunities, competitive landscapes, and regional dynamics.
Impact of COVID-19:
The COVID-19 pandemic negatively impacted the global piezoelectric materials market due to manufacturing facility closures and project delays. Lockdowns and raw material shortages affected end-use industries, resulting in market contraction. However, with eased restrictions, the market is poised for recovery.
Segmentation:
The market is segmented based on material type, application, end-use, and region, offering a detailed analysis of each segment's subcategories.
Material Types:
The ceramic segment dominated in 2021, holding three-fifths of the global market share. The composite segment is anticipated to exhibit the fastest CAGR of 6.7% during the forecast period.
๐๐จ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ https://www.alliedmarketresearch.com/purchase-enquiry/21555
Applications:
Actuators led in 2021, comprising over one-third of the market share. Motors are projected to witness the fastest CAGR of 6.9% during the forecast period.
End-Use Industries:
Consumer goods claimed a significant market share in 2021, and the segment is expected to exhibit the fastest CAGR of 6.6% during the forecast period. Other analyzed segments include automotive, information technology, healthcare, and more.
Regional Analysis:
The Asia-Pacific region held the majority of the market share in 2021 and is poised to maintain leadership with the fastest CAGR of 6.6% during the forecast period. The report also evaluates North America, Europe, and LAMEA regions.
Key Players:
Key players in the piezoelectric materials market include Arkema S.A., CeramTec GmbH, Johnson Matthey plc, PI Ceramic GmbH, Piezo Kinetics Inc., Piezomechanik Dr. Lutz Pickelmann GmbH, Solvay, Sparkler Ceramics Pvt. Ltd., TDK Electronics AG, and TRS Technologies, Inc. The report analyzes their strategies, recent developments, product portfolios, and business performance.
Access the Detailed Report and Procurement Options https://www.alliedmarketresearch.com/piezoelectric-materials-market-A21105
Strategic Insights and Procurement Options: For staeholders interested in accessing statistical data, graphs, and key players' strategies, the report provides procurement options through the Allied Market Research platform.
Contact:
David Correa
Portland, OR, United States
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help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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