Moderate Growth for Global Electroceramics Market Projected through 2023
Major materials for electroceramics include titanate, zirconia, alumina and others.
The electroceramics market is expected to register a moderate growth rate between 2018 and 2023, according to a report available from Research and Markets. With the advancement of the semiconductor and electronics industries, the number of the areas of application for different electroceramic materials has significantly increased.
Major materials for electroceramics include titanate, zirconia, alumina and others. Titanate is a base material in piezoelectric ceramics, while alumina is used to develop metrology components, actuators, semiconductor cores, and substrates. Semiconducting oxides are used for environment monitoring, in magnetic ceramic materials (used for data storage) and ferroelectric materials (used to develop accelerometers). Due to the increase in demand for these products, the consumption of electroceramics is expected to increase in the near future.
The growing domestic electronics manufacturing industry has attracted numerous foreign investors in the developing countries, like China and India. Indian foreign investment policy is providing an investor-friendly platform to invest in the field of IT and electronics. In addition, the growth of the electronics industry in China, due to accelerating demand for laptops, smartphones, smart TVs and other electronic devices, is also driving the market.
Additional details are available at www.researchandmarkets.com.