Emphasis on Product Type (Semiconductor Ceramic, Insulating Ceramics, High-temperature Superconducting Ceramic, Dielectric Ceramics, Piezoelectric Ceramics, and Others); Application (Electrical & Electronics, Transportation, Chemicals, Aerospace & Defense, Medical, and Others); and Region/Country
The Global Functional Ceramics Market was valued at USD 232.84 Billion in 2021 & is expected to grow at a CAGR of 17% from 2022-2028. 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.
Functional Ceramics Market Report Coverage
“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.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Functional Ceramics Market
6. Functional Ceramics Market Revenue, 2020-2028f
7. Market Insights By Product Type
8. Market Insights By Application
9. Market Insights By Region
10. Functional Ceramics Market Dynamics
11. Functional Ceramics Market Opportunities
12. Functional Ceramics Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Pricing Analysis
16. Strategic Insights
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Functional Ceramics Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global functional ceramics market were the three major steps undertaken to create and analyze the adoption of functional ceramics in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global functional ceramics market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the functional ceramics market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the functional ceramics market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the functional ceramics market. Further, we conducted factor analysis using dependent and independent variables such as various product type and applications of functional ceramics. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the functional ceramics market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global functional ceramics market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global functional ceramics market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type and application in the global functional ceramics market.
The main Objective of the Global Functional ceramics Market Study
The current & future market trends of the global functional ceramics market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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