NEW YORK, Jan. 09, 2019 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, electroceramics market is projected to reach $12,084.4 million by 2023. The market growth is expected to be driven by high-volume demand for these ceramics in end-use industries such as semiconductor and electronics, automotive, and medical. Furthermore, growth in these industries is likely to translate into increasing demand for ceramics into devices and components, thereby ascribing the growth of the market in the forthcoming period.
Request to get the sample pages of the report: https://www.psmarketresearch.com/market-analysis/electroceramics-market/report-sample
In the following report, the electroceramics market is segmented on basis of type, material, application, and region. On the basis of type, the market is categorized into dielectric ceramics, conductive ceramics, piezoelectric ceramics, magnetic ceramics, and others (fast ion and ferroelectric ceramics). Among these, dielectric ceramics accounted for the largest market share during the historical period, owing to their adoption in consumer and industrial devices and components.
Based on material, the electroceramics market is classified into titanate, zirconate, alumina, and others (silicate, niobite, and stannate). Alumina-based electroceramics accounted for the largest revenue share of over 40% in 2017. This is attributable to traditionally favorability of the products, owing to high hardness, substantial wear and heat resistance, better thermal conductivity, and high electrical insulation at high temperature ranges.
Based on application, the electroceramics market is categorized into capacitors, data storage devices, optoelectronic devices, actuators and sensors, powder distribution devices, and others (radio frequency devices and resonators). Capacitors are critical components in electronic circuits for the purpose of restricting direct current while simultaneously aiding alternating current to pass. This along with their ability to regulate power transmission in electronic circuits spearheaded the demand for ceramics and contributed in generating the largest revenue share in the market during the historical period.
Browse report overview with 115 tables and 47 figures spread through 155 pages and detailed TOC on "Electroceramics " at: https://www.psmarketresearch.com/market-analysis/electroceramics-market
Globally, the APAC electroceramics market is expected to witness the fastest revenue growth, demonstrating a CAGR of 7.1%, during the forecast period. This is attributable to high-volume demand for these ceramics in consumer electronics and automotive manufacturing industries in the region. Furthermore, growth in other end-use industries such as medical are also expected to warrant adoption of these ceramics, thereby driving the growth of the market, during the forecast period.
Some of the major players operating in the global electroceramics market are Kyocera Corporation, CoorsTek Inc., CeramTec GmbH, Morgan Advanced Materials plc, Maruwa Co. Ltd., APC International Ltd., PI Ceramic GmbH, Sensor Technology Limited, Murata Manufacturing Co. Ltd., and Central Electronics Limited.
Make enquiry before buying the report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=electroceramics-market
In recent years, the electroceramics market activities have been directed toward expansion of existing facilities, acquisitions, and product launches in the market. For instance, in March 2017, CeramTec GmbH announced the acquisition of the U.K.-based electroceramics business of Morgan Advanced Materials plc for a value of $60.2 million. The acquisition is aimed to assist CeramTec in expansion of its product portfolio by gaining technological capabilities for the production of piezoelectric and dielectric ceramics.
More Reports by P&S Intelligence
3D Printing Materials Market
The demand for 3D printing materials is expected to witness the fastest growth in the APAC region, owing to the increase in automotive and consumer electronics manufacturing facilities in China, India, and other regional countries. The increasing growth is led by the supportive governments’ policies for smart manufacturing, which are expected to elevate the manufacturing output in the APAC region.
https://www.psmarketresearch.com/market-analysis/3d-printing-materials-market
Biocomposites Market
India’s construction biocomposites consumption in wind power has surpassed that of China’s. Furthermore, composites are increasingly being employed in the market for applications ranging from fabricating cooling tower units to resisting corrosion due to moisture. Hence, APAC is predicted to witness fastest growth in the biocomposite market during the forecast period.
https://www.psmarketresearch.com/market-analysis/biocomposites-market
About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com