Sales of Electroceramics Industry Is Set To Reach Over US$ 11 Billion By 2031

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.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.  

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Electroceramics Market both at worldwide and provincial levels.

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Market Players: –

  • 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

Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

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