Alumina Electroceramics to Generate Over 40% Revenue in Global Market: Fact.MR Study
Published : 23 Jun 2021 Industry: Chemical & Materials
Fact.MR’s global electroceramics market report estimates a moderate outlook, expecting a CAGR of around 4% with the market value topping US$ 11 Bn by 2031. According to the market study, future sales are expected to remain underpinned by extensive development of robust telecommunications infrastructure, most notably to foster 5G connectivity solutions across potential regions.
The market posted significant gains during the historical forecast, beginning at over US$ 8 Bn in 2016, and expanding at approximately 3% CAGR to reach US$ 9 Bn by 2020. Recessionary pressures induced by the COVID-19 pandemic significantly weighed-down expansion prospects, as shortfalls in semiconductor and electronics manufacturing were experienced amid mandatory shutdowns in the first half of the previous year.
Fortunately, prospects rebounded in the latter half as infection curves flattened, permitting key countries to resume industrial operations. According to GSMA, 5G networks are expected to cover a third of the world’s population by 2025, having a profound impact on the mobile industry and its consumers. This trend is expected to sustain adoption of electroceramics across semiconductors production for 5G compatible electronic devices.
Key Takeaways from Market Study
- By product type, piezoelectric electroceramics sales to surge at over 3% CAGR through 2031
- Dielectric electroceramics demand likely to surpass US$ 4 Bn by the end of the forecast period
- By application, capacitors to account for bulk of electroceramics demand, topping a CAGR of 4%
- Alumina electroceramics to account for over 2 out of 5 sales through 2031
- Sales of electroceramics topped US$ 2 Bn across the U.S in 2020, amid extensive uptake across data storage devices
- Extensive 5G infrastructure deployment to render China’s revenue share at above US$ 2 Bn
- India, Australia and South Korea to collectively account for over US$ 1 Bn by 2031
“Increasing pace of digitalization is revolutionizing data assimilation and connectivity trends, prompting organizations to purchase high capacity servers and supercomputers, bolstering demand for electroceramics,” remarks a Fact.MR analyst.
Some major electroceramics manufacturers include CTM Corporation, CeramTec GmbH, Friatec AG, Keltron Electro Ceramics Ltd., Kyocera Corporation, Rubicon Technology, Maruwa Co. Ltd., and CoorsTek Inc., among others. These player rely on offering new products and acquiring existing players besides collaborating with other manufacturers.
- CoorsTek Inc., a prominent electroceramics manufacturer, offers electroceramics components for high-power radiofrequency (RF) and microwave applications, as well as the StatSafeTM ESD-safe ceramics respectively, used for medical imaging, airport scanning and microwave gyrotrons.
- In April 2021, Kyocera Corporation and AVX have established KYOCERA AVX to be used for its electronics components business, starting October 2021. The new brand structure will accelerate and strengthen the growth of Kyocera’s electronic components business globally.
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the electroceramics market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study divulges essential insights on the market on the basis of application (capacitors, data storage devices, optoelectric devices, actuators & sensors and other applications), material type (titanate, zirconate, alumina and other material types) and product type (dielectric ceramics, conductive ceramics, piezoelectric ceramics, magnetic ceramics and other product types) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
Fact.MR’s Domain Knowledge in Chemicals and Materials
Our chemical and material consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the chemical and material sector. Our expertise in recognizing the challenges and trends impacting the global chemical and material industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
For more information, refer to our market research report or contact the PR author.
Shambhu Nath Jha
Consultant – Chemicals and Materials