Global Market Insights, Inc. adds a new Global Electroceramics Market Research Report for forecast period that shows the growth of the market is rising at a steady CAGR from 2018 to 2025. Global Electroceramics Market size is witnessing a decent growth from the past few years and is expected to follow the similar trend over the forecast spell. These products are also called as advanced ceramic materials which find major applications in electrical, optical and electromagnetic applications.

Increase in demand of automobiles and consumer electronic products in the Asia Pacific region due to increase in disposable income coupled with population growth will drive the electroceramics market demand in forecast timeframe. This is all owing to significant usage of the product in automotive and electronic items as a key part of sensors, capacitors, etc. as it holds excellent thermal and electrical resistant features.

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Based on product type, electroceramics market is majorly classified into five categories; dielectric ceramics, piezoelectric ceramics, ferroelectric ceramics, magnetic ceramics and others. The others product segment includes ceramic insulators, pyroelectric ceramics etc. Among these dielectric ceramics are extensively used in applications such as sensors, actuators and capacitors. Technology development and rising pollution concerns will uplift the demand of electric and hybrid cars and this in turn will escalate the product demand in future.

Magnetic ceramics possesses properties such as high electrical resistivity, strong magnetic coupling which makes it suitable for data storage, tunnel junctions, high frequency, spin valve and in radar absorbing & coating applications. Developing countries such as China and India have increased their defense budget by 8.1% amounting USD 175.0 billion and 2.4% amounting USD 52.5 billion respectively. With more geopolitical and safety issues the aforementioned trend will follow, and this will drive the electroceramics market growth size subsequently in forecast time.

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Based on region, Asia Pacific constitute the largest share in the electroceramics market size due to substantial growth in semiconductor and electronics industries. Electronic industry has experienced highest growth in the region owing to recent initiatives taken by the governments to promote domestic manufacturing, rapid technological advancements, large consumer base and availability of low cost resources.

The electronics market in India is expected to reach USD 400 billion by 2020. In 2016, India witnessed USD 18.36 billion FDI in electronics manufacturing and this trend mentioned above will continue to follow. This in turn will boost the electroceramics market growth in coming years.

The prominent players in electroceramics market are Coorstek Inc., Hitachi Metals America Ltd., Piezo technologies, Materion Corporation, Annon Piezo Technology Co. Limited, Harris Corporation, Morgan Advanced Materials, Ceradyne Inc., Dexter Magnetic Technologies Inc., Accuratus Corporation, Keltron Electro Ceramics Ltd., Rubicon Technology, APC International Ltd., Advanced Abrasives, Kyocera Corporation, Maruwa Co. Ltd.

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Most of the companies are engaged in the expansion of product range and line as well as expansion in emerging markets through acquisitions, associations and mergers. For instance, in 2014, CoorsTek Inc. started its new subsidiary CoorsTek Medical LLC exclusively to cater the medical industry need which will provide high-performance engineered ceramic products and components to medical industry utilizing its prior experience in this field.

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