Electrical and electronic ceramics are recognized as essential components for various electronic functions in specific applications, such as dielectric, ferroelectric, piezo ceramics, and conductive ceramics are widely available. These ceramics play a crucial role in producing ferrite-based circuit devices and permanent magnets, which generate an electric charge when subjected to pressure within an electric field. This emphasizes the diverse applications and functionalities of electrical and electronic ceramics in the electronics industry.
According to Data Bridge Market Research the Electrical and Electronics Ceramics Market accounted for USD 11.66 billion in 2021 and is expected to reach USD 17.89 billion by 2029, registering a CAGR of 5.50% during the forecast period of 2022 to 2029.
“Rising demand for alumina ceramics increases the market demand”
The rising demand for alumina ceramics in the electrical and electronics ceramics market is driven by its superior properties compared to other materials. Alumina ceramics offer high wear resistance, corrosion resistance, strength, hardness, and temperature stability at high temperatures. These properties make alumina ceramics highly suitable for producing electrical and electronic ceramics. As the market prioritizes durability and performance, the demand for alumina ceramics is expected to remain beneficial and grow during the forecast period.
What restraints the growth of the electrical and electronics ceramics market?
“High raw material cost hinders the market’s growth”
The high price of raw materials acts as a major restraint on the growth of the electrical and electronics ceramics market. The manufacture of ceramics includes the aids of various dedicated raw materials, which can be expensive to source and process. The increased prices of these raw materials impact the overall manufacturing costs and pricing of ceramics. This, in turn, affects the competitiveness of electrical and electronics ceramics in the market, posing a challenge to its growth of the electrical and electronics ceramics market.
Segmentation: Electrical and Electronics Ceramics Market
The electrical and electronics ceramics market is segmented on the basis of material type, product type and end-user industry.
- On the basis of material type, the electrical and electronics ceramics market is segmented into alumina ceramics, titanate ceramics, zirconia ceramics, silica ceramics, others.
- On the basis of product type, the electrical and electronics ceramics market is segmented into monolithic ceramics, ceramics matrix composites, ceramics coatings, others.
- On the basis of end- user industry, the electrical and electronics ceramics market is segmented into home appliances, power grids, Medical Devices, mobile phones, others.
Regional Insights: Asia-Pacific Dominates the Electrical and Electronics Ceramics Market
Asia-Pacific holds a dominant position in the electrical and electronics ceramics market in terms of revenue and market share. The region's growth is attributed to the increasing usage of electronics and electrical ceramics in the medical devices and home appliances industries. This adoption of ceramics in various sectors is expected to drive market growth in Asia-Pacific.
North America is projected to be the fastest developing region in the forecast period of 2022-2029, driven by a thriving medical devices industry. The region's sales in the electrical and electronics ceramics market are particularly spurred by investments in high-grade medical devices made with high-quality ceramics. The growing population suffering from chronic diseases further fuels the demand for advanced medical devices, contributing to market growth in North America..
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Recent Developments in Electrical and Electronics Ceramics Market
- In February 2021, CoorsTek Inc. initiated the construction of a 400,000 sq. ft. engineered ceramics facility in Thailand, expanding its production capacity in Southeast Asia. This strategic move aims to enhance CoorsTek's ability to manufacture a higher volume of electronics and electrical ceramics, meeting the growing market demand.
- In May 2021, CeramTec GmbH introduced a ceramic power semiconductor module designed for drive inverters in electric mobility applications. In collaboration with the Fraunhofer Institute for Integrated Systems and Device Technology (IISB), CeramTec GmbH developed a ceramic heat sink utilizing chip-on heatsink technology. This innovation offers improved thermal management for power semiconductor modules, catering to the requirements of the e-mobility sector.
The Prominent Key Players Operating in the Electrical and Electronics Ceramics Market Include:
- CoorsTek, Inc. (U.S.)
- CeramTec GmbH (Germany)
- Kyocera Corporation (Japan)
- Morgan Advanced Materials (U.K.)
- Saint-Gobain (U.S.)
- NGK SPARK PLUG CO., LTD (Japan)
- 3M (U.S.)
- McDanel Advanced Ceramic Technologies (U.S.)
- Rauschert GmbH (Germany)
- Elan Technology (U.S.)
- OC Oerlikon Management AG (Switzerland)
- Mingrui Ceramic (China)
- DuPont (U.S.)
- HOPE Microelectronics CO (Japan)
- HONEYWELL INTERNATIONAL INC (U.S.)
- Shin-Etsu Chemical Co., Ltd. (China)
- Albemarle Corporation (U.S.)
- Advanced Ceramics Association (U.S.)
- Applied Ceramics (U.S.)
- Materion Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of electrical and electronics ceramics market companies contact, https://www.databridgemarketresearch.com/es/contact
Research Methodology: Global Electrical and Electronics Ceramics Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
