Dielectric ceramics are types of ceramic material with dielectric properties used for electrical applications. They are electrical insulator with dielectric strength, dielectric constant, electrical resistivity, operating frequency, and loss of tangent values customized specially for specific circuit application. The product finds numerous applications in industries including electrical & electronics and communication. They are used in capacitors where high dielectric constants are used to store and increase the charge, microelectronics circuits to reduce the noise generation, and high voltage application. Materials used for the construction of dielectric ceramics include lead zirconate titanate (PZT), magnesium titanate (MT), strontium titanate (ST), barium titanate(BT), calcium titanate (CT), and many more. Some piezoelectric material can also be used such as EIA Class 2 dielectrics. The global Dielectric Ceramics Market is expected to witness a healthy CAGR during forecast period.
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Dielectric Ceramics Market: Market Dynamics
The key driving factor for the growth of the dielectric ceramics market is its widespread usage in the wireless communication industry. The wireless communication industry has been growing in the past few years. The dielectric ceramics application in wireless communication industry includes cellular phones, facsimile (FAX), military radar system, satellite, intelligent transport system (ITS), and direct broadcast satellite. Moreover, growing usage of dielectric ceramics in electronics component manufacturing is further boosting the growth of the market. The exceptional dielectric properties of dielectric ceramics are used to make microwave circuit components such as filters, oscillators, insulators, and substrates. Moreover, dielectric ceramics is considered as a potential substitute for metal-based substrates. They have replaced metals in the microwave application to reduce cost, weight, and efficiency of the microwave. Moreover, increased demand for miniaturized components in telecommunication, automotive, and electronics industries has supported the growth of the global dielectric ceramics market. However, the primary factor affecting the growth of the dielectric ceramics market is the high cost of raw material required for manufacturing dielectric ceramics product. Also, the complex technology to inbuilt dielectric ceramics requires a huge capital, which further dampens the growth of the global dielectric ceramics market globally.
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Dielectric Ceramics Market: Regional Outlook
East Asia is expected to account for a majority of the share in the global dielectric ceramics market owing to strong electrical & electronics industry, which is attributed to the supportive government policies, rise in regional demand, and presence of electronic manufacturers in the region. Also, China, Japan, and South Korea are the primary electronic producers globally. In North America, the demand for dielectric ceramics is expected to witness a steady growth owing to increase in demand for miniaturization electronics goods and presence of advanced technology. Dielectric ceramics are highly exported especially from the U.S., China, and Japan. In Europe, the growth of the dielectric ceramics market will be moderate due to slow-down in the economy. South Asia is the fastest-growing region in the global dielectric ceramics market owing to an increase in consumption of electronics components, rise in middle-class population, and government initiatives. The Middle East & Asia and Latin America will witness a growth of merely single-digit as a majority of demand is import driven.
Dielectric Ceramics Market: Prominent players
Prominent players in the global dielectric ceramics market are Kyocera Corporation, Monocrystal, Rubicon Technology, San Jose Delta Associates, Advanced Technical Ceramics, National Magnetics Group, and Morgan Advanced Materials, amongst others. The global dielectric ceramics market is consolidated with the presence of top players accounting for majority of the share.
The research report presents a comprehensive assessment of the dielectric ceramics market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The dielectric ceramics market report provides analysis and information, according to market segments such as geographies, application and industry.
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