Electroceramics: Technologies and Global Markets
LONDON, Sept. 25, 2017 /PRNewswire/ -- 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.
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-- The global capacitors market for electroceramics reached $2.3 billion in 2016. The market should reach nearly $3.2 billion by 2022, increasing at a CAGR of 5.1% from 2017 to 2022.
-- The global actuators and sensors market for electroceramics reached $1.7 billion in 2016. The market should reach $2.5 billion by 2022, increasing at a CAGR of 6.2% from 2017 to 2022.
Chapter 1: Introduction
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. 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.
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 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 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. In the transportation industry, electroceramic materials are used to develop data storage products and other automotive components.
In terms of region, this report has segmented the electroceramic market into North America, Europe, the Asia-Pacific region and the Rest of the World (ROW). The current market size, along with the forecast up to 2022, are provided in this report.
Study Goals and Objectives
This report is an impact analysis of the electroceramic market. The information in this report includes factors currently driving and restraining market growth, as well as factors impacting the future of the industry.
The goals and objectives include:
-- To understand drivers, restraints, opportunities and innovation in the electroceramic market; identification of key trends, major regions and countries that will drive the future market growth.
-- To analyze the type, material, application and end user for the electroceramic market, as well as market dynamics for each segment.
-- To identify segments with high growth potential, as well as to understand future applications of given segments.
-- To identify key trends related to the technologies, applications, types, materials and regions that shape and influence the electroceramic market.
-- To identify region-specific developments within the industry.
-- To understand the major stakeholders in the market, as well as the competitive landscape for the market leaders.
-- To analyze key players' growth strategies within the electroceramics market.
-- To analyze patent positions, if relevant.
Reasons for Doing This Study
In last 20 years, growth of the semiconductor and electronics industry in the Asia-Pacific region has created many market opportunities for ceramic-based electronic components. In recent years, the importance of electroceramics has increased due to its numerous applications in computers, industrial control systems, wireless communication, sonar systems and automotives.
The developments of different subclasses of electroceramics have further fueled market growth. Electroceramic subclasses include ferroelectric multilayer ceramic capacitors (MLCCs), solid electrolytes-energy storage, FeRAM, ferrite filters, resonators and piezoelectric sonar. In the current marketplace, confusion exists among stakeholders trying to differentiate electroceramics from advanced functional ceramics, advanced ceramics and technical ceramics.
Therefore, stakeholders face difficulties when trying to identify market trends and growth opportunities. Confusion among electroceramic market stakeholders has further increased due to the continued emergence of electroceramic-based state-of-the art applications.
In this context, a detailed market research study is required to provide clear understanding of the electroceramic market and decrease the knowledge gap regarding potential electroceramic applications.
Increasing awareness of environmental protection and rising demand for sustainable energy have led ceramic electronic component manufacturers to look for growth opportunities in energy storage applications for high-performance dielectric materials, lead-free piezoceramics and conductive ceramics.
A detailed market research study can outline the growth potential of environmentally friendly applications of electroceramics in the coming years.
Considering the knowledge gap, an emergence of innovative electroceramic technology and demand side opportunities, the electroceramic market is expected to have significant potential for growth during the forecast period.
Scope of Report
The scope of the study includes discussion of current and upcoming trends for electroceramics. Raw material analysis, product lifecycle analysis and a competitive landscape are also included within the scope of this study. Efforts to understand the demand and supply side market trends, as well as to track the market's future growth potential, are also covered under the scope of the study.
Electroceramic types include dielectric ceramics, conductive ceramics, piezoelectric ceramics, magnetic ceramics and others (e.g., fast ion conductor ceramics, electro-optical ceramics). No other electroceramic types are considered within the scope of this report.
Electroceramic materials include titanate, zirconia, alumina and other (e.g., silica only used in electroceramics applications, niobate, carbide, oxide of other elements).
Electroceramic applications include capacitors, data storage, optoelectronic devices, actuators and sensors, power distribution and others (e.g., energy storage, energy conversion, ultrasonic equipment). No other applications of electroceramics are considered in this study.
End users for electroceramics include semiconductors and electronics, power distribution, transportation, aerospace and defense, environment monitoring and others (e.g., manufacturing, heavy engineering, medical, chemical). No other end users are considered within the scope of this report.
Estimated values used are based on manufacturers' total revenues. Metric tons are used as base units for calculating volume metrics. One metric ton is equivalent to 1,000 kilograms.
Information Sources
Various sources were used to collect valuable information and gather meaningful insight in the course of this study.
The sources used include:
Primary sources:
-- Key industry personnel from the industry.
-- Suppliers.
-- End users.
Secondary sources:
-- Websites.
-- Directories.
-- Peer-reviewed research papers.
-- White papers.
-- Databases, including Hoover's, Factiva, ICIS, Reuters, Bloomberg and SEC filings.
-- Stock exchanges, including TMX, NASDAQ, ASX and JPX.
Methodology
Primary and secondary research were conducted to understand the dynamics of the market, key trends, market size and future growth potential. Data estimation techniques such as top-down and bottom-up models were used to estimate value, as well as volume market size and future growth trends of electroceramics.
Statistical techniques were used to forecast the electroceramic market. Key market players were identified by reviewing secondary sources, including industry whitepapers, annual reports, annual industry review reports, financial reports, public domain interviews of key opinion leaders (KOLs) of leading companies and competitive intelligence reports published in proprietary databases.
Some electroceramic producers are included in the report from suggestions provided by KOLs. Chief executive officer (CEOs), sales managers, vice presidents, general managers, sales directors, market consultants, research and development (R&D) directors, production managers, purchase managers and supply chain managers are considered KOLs in this report.
All the major stakeholders throughout the electroceramic supply chain and value chain were contacted during the primary interview process.
In the first stage of the research, revenue and volume for the electroceramic market was tracked by estimating historical data, summing up segment revenues of producers, identifying growth trends of parallel industries and tracking export/import statistics. In the second stage, estimations made during the previous stage were verified by conducting primary interview with KOLs.
In necessary cases, initial findings were refined based on suggestions from KOLs. In the third stage, a statistical forecast was made based on the refined dataset and qualitative insights provided by KOLs.
In the of absence of secondary data for specific market segments, growth trends and market sizes of parallel industries were tracked, and initial estimations were made. These estimations were verified by KOLs during primary interviews.
Regional Breakdown The regions considered for market analysis in this report only include:
North America:
-- U.S.
-- Mexico.
-- Canada.
Europe:
-- U.K.
-- Germany.
-- France.
-- Rest of the Europe.
Asia-Pacific:
-- China.
-- Japan.
-- India.
-- Rest of Asia-Pacific.
Rest of the World (ROW):
-- Middle East.
-- South America.
-- Africa.
Chapter 2: Summary and Highlights
The global electroceramic market was valued at $8.3 billion in 2016, and it is expected to increase to
$11.5 billion in 2022, growing 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, and it is expected to increase to 67,149.6 metric tons in 2022 at a CAGR of 5.0%. In this report, the global electroceramic market has been segmented by type, material, application, end user and region.
In developed countries, the electroceramic market has reached its maturity stage, whereas in the Asia- Pacific region, the market is growing at an above-average rate.
Growth of electroceramic market in the Rest of the World (ROW) during the forecast period is dependent upon recovery from current financial turmoil, development of the semiconductor and electronics industry, and an increase in the demand for consumer electronic products.
The greatest demand for electroceramics is currently generated from the semiconductor and electronics industry, and this trend will continue in the coming years.
Electroceramics are widely used to develop sensors, capacitors, filters, resonators and actuators, which are used as integral components in electronic products. Rising demand for consumer electronics and electronic components in the non-semiconductor industries will drive market growth.
The Asia-Pacific region has strong base for semiconductor foundries, which provides a unique resource advantage for semiconductor manufacturers in this region.
Electroceramic manufacturers in the Asia-Pacific region have gained a large end-user base due to deep penetration of semiconductor industries, relatively less stringent environment regulations and high demand for consumer electronics.
Piezoelectric ceramics are used for developing sensors, actuators and accelerometers. Different types of piezoceramics and other ceramic-based sensors are used in the automotive industry to check tire pressure, air-fuel ratio, seat actuation and engine knocking.
The growing automotive sector in the Asia-Pacific region has created a large end-user market for electroceramics.
Growing concern for environmental safety and greenhouse gas emissions has created an urgency among industries to control emission levels. Zirconia-based gas sensors are used to detect oxygen and other gas levels in the environment.
Growing environmental concern and stringent regulations have positively impacted the growth of the electroceramics sensor market. These factors are expected to drive the electroceramic market toward a healthy growth rate during the forecast period.
The major players in electroceramic market include Kyocera Corporation (Japan), CoorsTek Inc. (U.S.), Murata Manufacturing Co. Ltd. (Japan), CeramTec (Germany), Morgan Advanced Materials (U.K.) and Maruwa Co. Ltd. (Japan)
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