Global Electroceramics Technologies Market will reach $11.5 billion by 2022

The global market for electroceramics reached $8.3 billion in 2016. The market should reach $11.5 billion by 2022, increasing at a compound annual growth rate (CAGR) of 5.5% from 2017 to 2022.

Report Includes

-An overview of the global market for electroceramics technologies.

-Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022.

-An insight into the market through market sizes, value chain, raw material analysis, revenue, and volume forecast.

-Analysis of the market by type of electroceramics, by form factor, by application, by end user, and by region.

-Description of competitive intelligence mapping and strategies of leading players.

-Profiles of the key companies in the market.

Electroceramics are advanced ceramic materials that exhibit electronic, optical or electro-magnetic properties. Therefore, electroceramics are considered as subclass of advanced ceramics materials. Electroceramic materials are used for specific technological applications, including manufacturing data storage devices, sensors, transducers and actuators. The development of electroceramic materials depends on ionic-covalent bonding, as well as inorganic crystal compound structure.

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Electroceramic materials can be divided into multiple subclasses, with each subclass having specific applications. Semiconducting oxides are used in environment monitoring, magnetic ceramic materials are used for data storage and ferroelectric materials are used to develop accelerometers. With the advancement of the semiconductor and electronics industry, the number of application areas for different electroceramic materials has significantly increased.

In terms of revenue, the global electroceramic market was valued at $8.3 billion in 2016. It is expected to increase to $11.5 billion in 2022 at a CAGR of 5.5% from 2017 through 2022. In terms of volume, this market was valued at 49,902.2 metric tons in 2016. It is expected to increase to REDACTED metric tons in2022 at a CAGR of REDACTED from 2017 through 2022.

The electroceramic market has been segmented in terms of type into dielectric ceramics, conductive ceramics, piezoelectric ceramics, magnetic ceramics and others. Electroceramic materials are mostly used in the semiconductor and electronics industries. Dielectric ceramics are mostly used in capacitors, resonators, power distribution devices and optoelectronic devices. Piezoelectric ceramics have numerous applications in sensing and power electronic components. In terms of revenue and volume, dielectric ceramics accounted for a REDACTED and REDACTED share of electroceramics market in 2016, respectively.

In terms of material, the electroceramic market is divided into titanate, zirconia, alumina and others. In the semiconductor and electronics industry, alumina-based electroceramics are used for developing metrology components, actuators, semiconductor cores and substrates. In piezoelectric ceramics, titanate is mostly used as base material. In terms of revenue and volume, alumina accounted for a REDACTED and REDACTED share of the electroceramic market in 2016, respectively.

In terms of end users, the electroceramic market has been segmented into semiconductors and electronics, power distribution, transportation, aerospace and defense, environment monitoring and others. Considering their electrical and magnetic properties, electroceramic materials are preferred by semiconductor and electronic component manufacturers over other ceramic materials.

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