Electroceramics Market size is forecast to reach $13.4 billion by 2025, after growing at a CAGR of 5.7% during 2020-2025. With high consumption of these ceramics in manufacturing of electronic and automotive components and devices, electrical systems, medical sensors and implants, the electroceramics market is witnessing an increase in demand. Growing public interest towards Internet of Things (IOTs) & Artificial Intelligence (AI) will further enhance the overall market demand for Electroceramics during the forecast period.

Key Takeaways

Asia-Pacific dominates the electroceramics market owing to increasing demand from applications from industries such as automotive, electronics, energy & power.

Increase in demand of Electronics products, is likely to aid in the market growth of electroceramics.
Stringent Governments’ regulations towards digitalization will further enhance the market growth of Electroceramics.

High cost and technical complexity in manufacturing and deposition of the ceramics are likely to negatively affect the electroceramics market.

Covid-19 pandemic will create hurdles for the electroceramics market.

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Geography – Segment Analysis

APAC dominated the largest market with a share of more than 40%, as electroceramics are mostly used in the electronics products. Countries such as Taiwan, South Korea, China among with others are the largest market in the APAC region for Electroceramics market as, these countries are the largest electronics market.

Drivers – Electroceramics Market:

Increase in demand of Electronics products
Stringent Governments’ regulations

Market Landscape : Major players in the Electroceramics Market are Kyocera Corporation, CoorsTek Inc., CeramTec GmbH, Morgan Advanced Materials plc, Maruwa Co. Ltd., APC International Ltd among others.

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