Summary

The global Functional Ceramics Market is expected to grow at a skyrocketing rate of around 17% during the forecast period. Functional ceramics are ceramic materials that are beneficial for a variety of applications due to special physical, chemical, or biological characteristics. Ceramics that are functional are made to carry out specific tasks, including electrical conductivity, thermal insulation, or chemical resistance. Ceramic processing, which entails combining raw materials, shaping them into the required shape, and burning them at high temperatures to produce a solid, dense substance, is frequently used to create functional ceramics. The Functional ceramics characteristics can be influenced by several processing factors, including temperature, pressure, and chemical composition.

Murata Manufacturing Co., Ltd; TDK Electronics AG; Semco; KYOCERA Corporation; TAIYO YUDEN CO., LTD; KEMET Corporation; Vishay Intertechnology, Inc.; YAGEO Group; Samwha Capacitor Group; Morgan Advanced Materials are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst product type, semiconductor ceramic category is expected to grow with a significant CAGR during the forecast period.”
Based on product type, the market is segmented into semiconductor ceramics, insulating ceramics, high-temperature superconducting ceramics, dielectric ceramics, piezoelectric ceramics, and others. The semiconductor ceramic category is expected to grow with a significant CAGR during the forecast period. This is mainly owing to factors such as high strength, high resistance properties, high thermal and electrical conductivity, high mechanical strength, and others. Due to these properties, the need for semiconductor ceramics is highly preferred in some industries such as electrical, aerospace, energy, and automotive.

“Amongst application, electrical & electronics category is expected to grow with a significant CAGR during the forecast period.”
Based on application, the functional ceramics market has been classified into electrical & electronics, transportation, chemicals, aerospace & defense, medical, and others. The electrical & electronics category is expected to grow with a significant CAGR during the forecast period. This is mainly owing to the applications of functional ceramics as insulators and substrates in electronic devices such as capacitors, inductors, and resistors, Ceramics are used as insulators due to their dielectric strength and low loss of energy that helps maintain the efficiency of electronic circuits.

“APAC is anticipated to grow at a substantial CAGR during the forecast period.”
In 2021, APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to growing industrialization, rising demand for energy-efficient products such as sensors, actuators, & power generators, and many other factors that are driving the growth of the market. Moreover, increasing demand for high-performance materials with superior properties is further expected to support market growth. In addition, the growing use of functional ceramics in the healthcare industry such as medical devices, implants, and drug delivery systems further accelerates the functional ceramics market growth in the region.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global functional ceramics market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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