Wilmington, Delaware, Nov. 20, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s most recent industry analysis, the Global Electroceramics Market value is estimated at US$ 12.8 billion in 2023 and is expected to rise at a strong CAGR of over 4.6% over the forecast period of 2023-2030.
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Market Definition, Market Scope, and Report Overview
Electroceramics refer to a class of ceramic materials that exhibit electrical properties and are used in various electronic and electrical applications. These materials are characterized by their ability to conduct, insulate, or exhibit other electrical responses depending on the specific composition and structure. Electroceramics find applications in a wide range of technologies and industries, contributing to their global market growth.
The growing demand for consumer electronics, such as smartphones, tablets, laptops, and wearable devices, drives the market for electroceramics. These materials are used in various components, including capacitors, sensors, and actuators, contributing to the miniaturization and enhanced performance of electronic devices.
According to a deep-dive market assessment by RationalStat, the global Electroceramics market has been analyzed on the basis of market segments, including type, material, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Electroceramics market covers market sizes on the basis of market value (US$/EUR Million) and volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Electroceramics market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Electroceramics Market: Segmental and Market Share Analysis
- On the basis of type, electroceramics segment witnessing high demand in capacitor applications. It is essential for storing large amounts of charge in a compact form.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 12.8 billion |
| Market Size Forecast | US$ 17.5 billion |
| Growth Rate | 4.6% |
| Dominant Segment | Electroceramics |
| Dominant Region | Asia Pacific |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global electroceramics market include.
- In February 2021, The Office of Naval Research in the U.S. awarded CTS Corporation more than $1.5 million to develop next-generation piezoelectric single-crystal materials. This financing will assist the company in improving the production of electroceramics for a variety of applications.
Some of the prominent players and suppliers operating and contributing significantly to the global electroceramics market growth include Morgan Advanced Materials, Rubicon Technology, Swiss Jewel Company, TC Ceramics Inc., Electro Ceramics Industries, Keltron Electro Ceramics Ltd, Kyocera Corporation, Murata Manufacturing Co Ltd., TDK Corporation, and CeramTec GmbH, among others.
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RationalStat has segmented the global electroceramics market based on type, material, application and region
- Global Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type
- Dielectric Ceramics
- Electroceramics
- Magnetic Ceramics
- Piezoelectric Ceramics
- Others
- Global Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Material
- Titanate
- Zirconate
- Alumina
- Global Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application
- Electroceramics for capacitors
- Data Storage Devices
- Actuators & Sensors
- Optoelectronic Devices
- Power Distribution Devices
- Others
- Global Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region
- North America Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Electroceramics Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Country
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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?
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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.
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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