According to Fact MR’s most recent industry survey, sales of Electronics and Electrical Ceramics will grow at a rapid CAGR through 2031, as chemical and material sales gradually recover from the disruptions caused by COVID-19. The report’s goal is to provide insights into untapped growth opportunities and challenges. It also offers suggestions to help businesses prepare for unforeseen challenges.
As a result, the market intelligence study includes demographics analysis so that market participants can plan their product and marketing strategy. It provides sales forecasts for over 20 countries. It identifies the most profitable segments to assist businesses in developing winning strategies for the future.
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The report provides useful and actionable market insights for Electronics and Electrical Ceramics. Fact.most MR’s recent report provides information on the current state of the market across various regions, as well as historical data and market forecasts. The report also includes sales and demand data for the Electronics and Electrical Ceramics Market in various industries and regions.
Fact.market MR’s research provides unique insight into how the market will develop. The study identifies critical trends influencing the growth of the Electronics and Electrical Ceramics market. This newly released report sheds light on critical dynamics such as the drivers, restraints, and opportunities for key market players as well as emerging players in the production and supply chain. The most recent
This recently published and insightful report sheds light on Market Insights of Electronics and Electrical Ceramics, key dynamics, and their impact on the overall value chain from suppliers to end-users, as well as the growth of the Electronics and Electrical Ceramics Market.
According to Fact.MR and electrical ceramics market insights, sales are expected to rise rapidly across Asia, with China surpassing a valuation of US$ 2 Bn by 2031, amounting to approximately
13% of the global market. The rapid adoption of consumer electronics and medical device manufacturing is boosting market prospects throughout the East Asian giant. The global market is expected to reach nearly US$ 12 billion in 2021.
Market Segments Covered in Study
- End Use
- Electronics and Electrical Ceramics for Home Appliances
- Electronics and Electrical Ceramics for Power Grids
- Electronics and Electrical Ceramics for Medical Devices
- Electronics and Electrical Ceramics for Mobile Phones
- Electronics and Electrical Ceramics for Other End Uses
- Alumina Electronics and Electrical Ceramics
- Titanate Electronics and Electrical Ceramics
- Zirconia Electronics and Electrical Ceramics
- Silica Electronics and Electrical Ceramics
- Other Materials Electronics and Electrical Ceramics
Key Takeaways from Market Study
- Medical device manufacturing will be the dominant end user, growing at a CAGR of 5%.
- Alumina ceramics are expected to reach US$ 5 billion by 2031, with a CAGR of more than 5%.
- Demand for zirconia ceramics is expected to rise, with a CAGR of more than 4% over the next decade.
- In 2020, the electronics and electrical ceramics market in the United States will generate more than $3 billion in revenue.
- The thriving consumer electronics industry in China is pivoting sales, which are expected to exceed US$ 2 billion by 2031.
- Germany will expand steadily, with a CAGR of 4% through 2031.
“Demand for robust telecommunication infrastructure for enhanced connectivity and rising need for deployment of superior quality surgical equipment across hospitals is spurring adoption of electronics and electrical ceramics on an enhanced scale,” remarks a Fact.MR analyst.
To maintain their market position, key players in the electronics and electrical ceramics landscape rely on new product launches, strategic mergers and acquisitions, collaborations, and regulatory approvals, among other strategies. The following are some noteworthy developments:
- CeramTec GmbH will launch a new ceramic power semiconductor module for drive inverters in e-mobility in May 2021. It has developed a ceramic heat sink with chip-on heatsink technology in collaboration with the Fraunhofer Institute for Integrated Systems and Device Technology (IISB).
- CoorsTek Inc. began construction on a 400,000 sq. ft. manufacturing facility in Southeast Asia in February 2021, expanding its manufacturing capacity throughout the region. Rayong, Thailand, has a 50,000-square-foot engineered ceramics facility. This will allow it to produce more electronics and electrical ceramics.
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