Electrical And Electronics Ceramics Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Electrical and electronics ceramics refers to a specific type of ceramic material that is utilized to perform various electronic functions and applications due to its properties such as thermal, chemical, and mechanical stability, and electrical and magnetic properties. They are commonly used in a wide range of electronic items, including cell phones, laptops, televisions, automotive electronics, and medical devices. It is also used in energy conversion, storage, industry, optical, and magnetic applications.

Sizing and Forecast
The electrical and electronics ceramics market size has grown strongly in recent years. It will grow from <b>$12.42 billion in 2023 to $13.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. </b> The growth in the historic period can be attributed to electronics miniaturization, increased demand for high-temperature stability, semiconductor industry growth, demand for capacitors and resistors, electronics manufacturing expansion, and increased demand for energy efficiency in electronics.

The electrical and electronics ceramics market size is expected to see strong growth in the next few years. It will grow to <b>$17.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. </b> The growth in the forecast period can be attributed to emerging market expansion, regulatory compliance and safety standards, research and development in ceramics, electric vehicle (ev) growth, and increasing adoption of internet of things (iot) devices. Major trends in the forecast period include introduction of advanced semiconductor materials, technological advancements in ceramics, sustainable and eco-friendly ceramics, integration of ceramics in renewable energy, and advanced packaging technologies.

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Segmentation & Regional Insights
The electrical and electronics ceramics market covered in this report is segmented –

1) By Product: Monolithic Ceramics, Ceramics Matrix Composites, Ceramics Coatings, Other Products
2) By Material: Alumina Ceramics, Titanate Ceramics, Zirconia Ceramics, Silica Ceramics, Other Materials
3) By End-User: Home Appliances, Power Grids, Medical Devices, Mobile Phones, Other End-Users

<b>Asia-Pacific</b> was the largest region in the electrical and electronics ceramics market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the electrical and electronics ceramics market during the forecast period. The regions covered in the electrical and electronics ceramics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The growing semiconductor and electronics industry is expected to propel the growth of the electrical and electronics ceramics market going forward. Semiconductors are referred to as materials with a resistance that falls between conductors and insulators. These are widely used in the electronics industry and in electronic devices such as diodes, transistors, and integrated circuits. Electrical ceramics, also known as piezoelectric ceramics, are gaining popularity in consumer electronics due to their ease of fabrication in a wide range of forms and sizes, which adds greatly to the miniaturization of electro-mechanical characteristics. For instance, in January 2023, according to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, in 2022, LG earned its highest annual revenue ever, an increase of 12.9% from 2021. The revenue for the LG Home Appliance & Air Solution Company in 2022 was $22.5 billion, an increase of 10.3% from 2021. Therefore, the growing semiconductor and electronics industries are anticipated to propel electrical and electronics ceramics market growth in the near future .

Key Industry Players
Major companies operating in the electrical and electronics ceramics market include <b> CeramTec GmbH, CoorsTek Inc., Kyocera Corporation, Mantec Technical Ceramics Ltd., Morgan Advanced Materials plc, NGK Spark Plug Co. Ltd., Rauschert Steinbach GmbH, ENRG Inc., Vinayak Techno Ceramics, Ravikiran Ceramics Pvt. Ltd., Anoop Ceramics, Aum Metals And Techno-Ceramics Private Limited, Ceradyne Inc., TDK Corporation, Hitachi Metals Ltd., Toshiba Materials Co. Ltd., Corning Gilbert Inc., Saint-Gobain Ceramic & Plastics Inc., Ferro Electronic Materials Systems, Murata Manufacturing Co. Ltd., Taiyo Yuden Co., Ltd., Maruwa Co. Ltd., KEMET Corporation, Vishay Intertechnology Inc., AVX Corporation, Yageo Corporation, Samsung Electro-Mechanics Co. Ltd., Superior Technical Ceramics, American Technical Ceramics Corp., AVX Corporation </b>

The electrical and electronics ceramics market report table of contents includes:

1. Executive Summary

2. Electrical And Electronics Ceramics Market Characteristics

3. Electrical And Electronics Ceramics Market Trends And Strategies

4. Electrical And Electronics Ceramics Market – Macro Economic Scenario

5. Global Electrical And Electronics Ceramics Market Size and Growth

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31. Global Electrical And Electronics Ceramics Market Competitive Benchmarking

32. Global Electrical And Electronics Ceramics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Electrical And Electronics Ceramics Market

34. Electrical And Electronics Ceramics Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

CeramTec GmbH

CoorsTek Inc

Mantec Technical

Ceramics Ltd.

Morgan Advanced Materials PLC

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