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Global Electronics Ceramics & Electrical Ceramics Market to Reach $15.5 Billion by 2026
SAN FRANCISCO, Aug. 25, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Electronics Ceramics & Electrical Ceramics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 418
Companies: 42 - Players covered include Ceradyne, Inc.; CeramTec GmbH; CoorsTek, Inc.; ENrG Inc.; Kyocera Corporation; Mantec Technical Ceramics Ltd.; Morgan Advanced Materials PLC; Murata Manufacturing Co., Ltd.; NGK Spark Plug Co., Ltd.; Rauschert Steinbach GmbH and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Home Appliances, Power Grids, Medical Devices, Mobile Phones, Other End-Uses); Material (Alumina ceramics, Titanate ceramics, Zirconia ceramics, Silica ceramics, Other Materials)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Electronics Ceramics and Electrical Ceramics Market to Reach $15.5 Billion by 2026
Amid the COID-19 crisis, the global market for Electronics Ceramics and Electrical Ceramics estimated at US$11.8 Billion in the year 2020, is projected to reach a revised size of US$15.5 Billion by 2026, growing at a CAGR of 4.7% over the analysis period. Alumina ceramics, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$5.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Titanate ceramics segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.3 Billion in 2021, While China is Forecast to Reach $2.5 Billion by 2026
The Electronics Ceramics and Electrical Ceramics market in the U.S. is estimated at US$3.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2026 trailing a CAGR of 4.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Zirconia ceramics Segment to Reach US$2.7 Billion by the year 2026
In the global Zirconia ceramics segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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