Global Electroceramics Market Analysis & Forecast 2019-2030

According to RationalStat analysis, the global electroceramics market value is expected to reach at US$ 10 billion by the end of 2023, and it is expected to grow at a CAGR of 4.6% during the forecast period 2023-2028.

The global electroceramics market is witnessing an upsurge in the demand for Multilayer Ceramic Capacitors (MLCCs) that are widely used in various electronic devices and have experienced high demand due to the proliferation of smartphones, tablets, and other consumer electronics. Manufacturers have been expanding their MLCC production capacities to meet the increasing market demand.

Developing economies are laying emphasis on energy storage and renewable energy and electroceramics play a vital role in energy storage technologies such as batteries and supercapacitors. Therefore, with the increasing focus on renewable energy sources and the electrification of transportation, there has been a growing demand for electroceramics for energy storage applications.

However, the global electroceramics market has been addressing environmental concerns and implementing sustainable practices, which are anticipated to hamper the growth of the market. Manufacturers are focusing on reducing the use of hazardous materials, improving energy efficiency, and adopting recycling and waste management techniques.

Integration of the latest technologies coupled with an upsurge in industrial demand is cited as pivotal growth factors

As the IoT ecosystem expands, the demand for integration of electroceramics in Internet of Things (IoT) Devices is anticipated to gain traction as electroceramics are being utilized in IoT devices for applications such as sensors, wireless communication, and energy harvesting.

Besides, the automotive industry is adopting advanced electronic systems and components, leading to a rise in the demand for electroceramics. These materials are used in sensors, actuators, power electronics, and other applications that improve vehicle performance, safety, and efficiency, making it a key end user industry.

Moreover, other end user sectors like the healthcare industry utilize Electroceramics in medical devices and equipment, including pacemakers, hearing aids, dental implants, and diagnostic tools. The growing healthcare industry and the increasing focus on technologically advanced medical devices contribute to the demand for electroceramics.

The matured electronic and automotive industry to augment the growth of the electroceramics market in the Asia Pacific

The Asia-Pacific region is anticipated to dominate the global electroceramics market, primarily driven by countries like China, Japan, South Korea, and Taiwan. These countries are major manufacturers of electronic devices and have a robust demand for electroceramic components such as MLCCs.

The region benefits from well-established electronics and automotive industries, strong research and development capabilities, and favorable government initiatives supporting technological advancements.

In North America, particularly the US, has a significant presence in the electroceramics market. The region is known for its advanced electronics industry, including the production of smartphones, automotive electronics, and aerospace components.

The demand for electroceramics in energy storage systems, fuel cells, and medical devices also contributes to the market growth. Additionally, the focus on renewable energy and electric vehicles drives the adoption of electroceramics in North America.

In Europe countries like Germany, the UK, France, and Italy are expected to play a significant role in the growth of the regional market. The presence of a strong automotive industry in the region fuels technology adoption, creating opportunities for electroceramics manufacturers. The emphasis on energy efficiency and sustainability also drives the demand for electroceramics in the European market.

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Market Structure and competition landscape

The global electroceramics market is fragmented, with several players offering a wide range of product portfolios. Some of the key market players include Morgan Advanced Materials, Rubicon Technology, Swiss Jewel Company, TC Ceramics Inc., Electro Ceramics Industries, Keltron Electro Ceramics Ltd, Kyocera Corporation, Murata Manufacturing Co Ltd., TDK Corporation, CeramTec GmbH, among others.

In addition, electroceramics manufacturers have been focusing on research and development activities to introduce innovative products with enhanced performance. This includes advancements in materials, manufacturing processes, and design techniques to improve the electrical, thermal, and mechanical properties of electroceramics.

Key market segmentation

RationalStat has segmented the global electroceramics market based on product type, material, application, and region.

• By Product Type
  • Dielectric Ceramics
  • Electroceramics
  • Magnetic Ceramics
  • Piezoelectric Ceramics
  • Others
• By Material
  • Titanate
  • Zirconate
  • Alumina
• By Application
  • Electroceramics for capacitors
  • Data Storage Devices
  • Actuators & Sensors
  • Optoelectronic Devices
  • Power Distribution Devices
  • Others
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Rest of the Middle East & Africa

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents.
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others.
• Whitepapers, research papers, and industry blogs.

Why Buy this Report?

The report is intended for global electroceramics manufacturers and producers, government organizations, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.

Key Questions Answered in the Electroceramics Report:

• What will be the market value of the global electroceramics market by 2030?
• What is the market size of the global electroceramics market?
• What are the market drivers of the global electroceramics market?
• What are the key trends in the global electroceramics market?
• Which is the leading region in the global electroceramics market?
• What are the major companies operating in the global electroceramics market?
• What are the market shares by key segments in the global electroceramics market?