Electroceramics Market growth outlook with industry review and forecast 2018-2025
An outlook Electroceramics Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.
An outlook Electroceramics Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.
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<strong>Electroceramics</strong> <strong>Market</strong> to Witness A<br />
Phenomenal Growth over <strong>2018</strong> to <strong>2025</strong><br />
Increase in dem<strong>and</strong> of automobiles <strong>and</strong> consumer electronic products in the Asia<br />
Pacific region due to increase in disposable income coupled <strong>with</strong> population <strong>growth</strong><br />
will drive the <strong>Electroceramics</strong> <strong>Market</strong> dem<strong>and</strong> in <strong>forecast</strong> timeframe. This is all owing<br />
to significant usage of the product in automotive <strong>and</strong> electronic items as a key part of<br />
sensors, capacitors, etc. as it holds excellent thermal <strong>and</strong> electrical resistant<br />
features.Global <strong>Electroceramics</strong> <strong>Market</strong> size is witnessing a decent <strong>growth</strong> from the<br />
past few years <strong>and</strong> is expected to follow the similar trend over the <strong>forecast</strong> spell. These<br />
products are also called as advanced ceramic materials which find major applications<br />
in electrical, optical <strong>and</strong> electromagnetic applications.<br />
The product possesses high electrical resistivity <strong>and</strong> is primarily used as insulator to<br />
isolate electrical conductors in power transmission line. Growing dem<strong>and</strong> for energy<br />
has increased the T&D (transmission <strong>and</strong> distribution) expenditure which has resulted<br />
in expansion of T&D infrastructure consequently. This in turn will enhance the product<br />
dem<strong>and</strong> as they are used as insulator in distribution line. The products having low<br />
dielectric constant have application in making substrates for integrated circuits.<br />
Significant <strong>growth</strong> in sales of consumer electronics owing to initiatives taken by<br />
governments of developing economies will further boost the dem<strong>and</strong> of<br />
electroceramics market in coming years.<br />
Based on product type, electroceramics market is majorly classified into five<br />
categories; dielectric ceramics, piezoelectric ceramics, ferroelectric ceramics,<br />
magnetic ceramics <strong>and</strong> others. The others product segment includes ceramic<br />
insulators, pyroelectric ceramics etc. Among these dielectric ceramics are extensively<br />
used in applications such as sensors, actuators <strong>and</strong> capacitors.<br />
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Technology development <strong>and</strong> rising pollution concerns will uplift the dem<strong>and</strong> of electric<br />
<strong>and</strong> hybrid cars <strong>and</strong> this in turn will escalate the product dem<strong>and</strong> in future. Magnetic<br />
ceramics possesses properties such as high electrical resistivity, strong magnetic<br />
coupling which makes it suitable for data storage, tunnel junctions, high frequency,<br />
spin valve <strong>and</strong> in radar absorbing & coating applications. Developing countries such<br />
as China <strong>and</strong> India have increased their defense budget by 8.1% amounting USD<br />
175.0 billion <strong>and</strong> 2.4% amounting USD 52.5 billion respectively.<br />
The prominent players in electroceramics market are Coorstek Inc., Hitachi Metals<br />
America Ltd., Piezo technologies, Materion Corporation, Annon Piezo Technology Co.<br />
Limited, Harris Corporation, Morgan Advanced Materials, Ceradyne Inc., Dexter<br />
Magnetic Technologies Inc., Accuratus Corporation, Keltron Electro Ceramics Ltd.,<br />
Rubicon Technology, APC International Ltd., Advanced Abrasives, Kyocera<br />
Corporation, Maruwa Co. Ltd.<br />
Most of the companies are engaged in the expansion of product range <strong>and</strong> line as well<br />
as expansion in emerging markets through acquisitions, associations <strong>and</strong> mergers.<br />
For instance, in 2014, CoorsTek Inc.<br />
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