Electroceramics Market

Market Outlook for Electroceramics

As per Fact.MR’s electroceramics industry survey, sales of electroceramics surpassed US$ 8 Bn at the beginning of the historical period (2016), expanding 1.2X to reach US$ 9 Bn by 2020. The market is further anticipated to expand, albeit moderately, to reach over US$ 11 Bn by 2031, with alumina electroceramics generating 2/5 of overall market revenue.

Key Points Covered in Electroceramics Market Report:

• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Electroceramics and How to Navigate
• Recommendation on Key Winning Strategies

Industry Analysis of Electroceramics from 2016-2020 Vs Future Market Outlook for 2021 to 2031

From 2016 and 2020, sales of electroceramics expanded at 3% CAGR to reach US$ 9 Bn by the end of the said historical period. Demand has been largely spurred by extensive uptake across semiconductors and electronic devices manufacturing.

Amidst the COVID-19 pandemic, recessionary pressures were experienced in the first half of 2020, which significantly impeded production and sales of electroceramics in the wake of mandatory cessation of production activities. As per the revised analysis of electroceramics, the market is likely expand at nearly 4% CAGR from 2021 to 2031.  

Is Extensive Development of Electronics & Semiconductor Industry Fueling Growth Prospects of Electroceramics Manufacturers?

As the global electronics revolution gathers pace, individuals and corporations alike are augmenting investments in advanced data storage devices, including supercomputers, servers, smartphones and other electronic devices. Hence, production of semiconductors to manufacture these devices has increased significantly.

Prominent electroceramics manufacturers are therefore gaining significant momentum, doling out ceramics made from several high-grade materials, including magnesia, alumina and zirconia respectively. Promises also abound across automotive semiconductors, specifically for electric vehicles.

How is Rapid Digitalization Heightening Demand for Electroceramics?

Electroceramics constitute an integral part of major telecommunication devices, including smartphones. The global transition toward high-volume data storage and high-speed data transfer is identified as a key trend impacting the electroceramics market.

Electroceramics, which make an integral part of telecommunication devices, are implied to handle this added demand and pressure to cater high-volume and high-speed requirements without compromising the economies of scale and technological feasibility of a telecommunication network.

This is also expected to incentivize investments in R&D for production of novel and improved substrates in the near future.

Country-wise Analysis

How Opportunistic is the Electroceramics Demand Outlook in the U.S.?

Fact.MR’s electroceramics industry research concludes that the U.S market topped US$ 2 Bn in 2020. Extensive uptake across data storage devices is principally driving demand for electroceramics across the country.

Over the years, data assimilation and storage has undergone a paradigm shift, with companies shifting to cloud-based and virtual platforms. This has augmented demand for high-end storage solutions, including servers and supercomputers which require superior grade electroceramics.

Will Extensive Communication Infrastructure Development Bolster Growth Prospects of Electroceramics Suppliers in China?

Sales of electroceramics in China is poised to surpass US$ 2 Bn by 2031, expanding at over 5% CAGR across the forecast period, majorly attributed to extensive applications in the establishment of advanced communication infrastructure.

China is likely to be the first country to implement 5G communication infrastructure, which is providing impetus to downstream industries such as ceramic antennae, low temperature co-fired ceramics (LTCCs) and ceramic filters, which are primary end users of electroceramics.

Category-wise Insights

Why is Demand for Piezoelectric Electroceramics the Highest?

By product type, piezoelectric electroceramics demand outlook is expected to remain elevated, topping a CAGR of 3% until 2031. Growth is likely to remain strong amid extensive uptake across electric generators.

Piezoelectric ceramics can generate sufficient voltage to spark across an electrode gap, rendering them suitable for usage across fuel lighters, gas stoves, welding equipment and other apparatuses.

Will Electroceramics for Capacitors Tower Over Other Application Areas?

As per Fact.MR’s electroceramics market report, sales are expected to remain especially high in the capacitors segment, registering a CAGR of around 4%. Sales are high amid increasing demand across electric power transmission and storage components in consumer devices and industrial grade electronics.

Polymer dielectric capacitors offer high power or energy density for applications at room temperature. For high temperatures, dielectric ceramics are a better alternative as they possess greater resilience, especially above 100 degrees Celsius.

What Prospects abound for Alumina Electroceramics?

Insights into the global market for electroceramics forecast a high share for alumina-based electroceramics, generating over 40% of the revenue in the forthcoming decade.

Alumina-based ceramics demonstrate high hardness and significant wear and heat resistance, improved thermal conductivity, and high-value electrical insulation at elevated temperature ranges.

Competitive Landscape

Prominent expansion strategies deployed by key electroceramics players include product launches, acquisitions, partnerships & collaborations, regulatory approvals and securing patents among others. Some notable developments include:

• In May 2017, CeramTec GmbH acquired Morgan Advanced Materials’ UK electroceramics business, comprising of two manufacturing sites at Ruabon and Southampton for an enterprise value worth US$ 65 Mn (£47 Mn)
• In February 2021, CTS Corporation was awarded over US$ 1.5 Mn for developing next generation piezoelectric single crystal materials from the Office of Naval Research (ONR) in the U.S. This funding will help the company enhance production of electroceramics for multiple applications

Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered	North America Latin America Europe East Asia South Asia Oceania Middle East & Africa
Key Countries Covered	U.S. Canada Germany U.K. France Spain Italy Russia China Japan South Korea India Australia Brazil Mexico Argentina GCC South Africa
Key Market Segments Covered	Application Material Product Type Region
Key Companies Profiled	Advanced Abrasives Corporation APC International Ltd. Central Electronics Limited Ceradyne Inc. Ceramic Magnetics Inc. CeramTec GmbH CoorsTek Inc. CTS Corporation Maruwa Co. Ltd. Electro Ceramics Co. Ltd. Friatec AG Morgan Advanced Materials PLC Huntsman International LLC Keltron Electro Ceramics Ltd. Rubicon Technology Kyocera Corporation
Pricing	Available upon Request

Key Market Segments Covered

• Application

  • Electroceramics for Capacitors
  • Electroceramics for Data Storage Devices
  • Electroceramics for Optoelectric Devices
  • Electroceramics for Actuators & Sensors
  • Electroceramics for Other Applications

• Material

  • Titanate Electroceramics
  • Zirconate Electroceramics
  • Alumina Electroceramics
  • Other Material Type Electroceramics

• Product Type

  • Dielectric Electroceramics
  • Conductive Electroceramics
  • Piezoelectric Electroceramics
  • Magnetic Electroceramics
  • Other Product Type Electroceramics