Ceramic Substrates Market Poised for Nanotechnologies Trend

Posted by Lohitha on July 15th, 2019

The ceramic substrates market is experiencing substantial demand growth from end-user industry. The constant progressions in the ceramic substrates have enabled enhanced properties such as high resistance, high corrosion, longer life, and insulation. Increasing use of ceramic substrates in end-user industries such as consumer electronics, automotive, marine, and telecom are positively influencing the demand for substrates. As per a new business intelligence report from IndustryARC, the global ceramic substrates market valued at 14 million in 2018, and the valuation will be growing at a compound annual growth rate of 5.80% during the forecast period of 2019-2025.

The IndustryARC’s business intelligence report is titled “Ceramic Substrates Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2024.” Increasing new participants and the technological advancements in ceramic substitutes will induce the demand for ceramic products over the forecast period.

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Global Ceramic Substrates Market: Leading Segments

APAC is registered to generate the maximum revenue in the ceramic substrates market, and cumulative demand for ceramic products from electronic and construction industry are impacting the market value. The region accounted for a global demand share of 45% in 2018 and it will increase over the years.

Automotive application is the best performing segment in the ceramic substrates market. The excellent mechanical strength and durability make it a suitable product for manufacturing automotive parts. Growth of the automotive sector is attributed to the growing demand for ceramics products which is projected to grow with a CAGR of 7.20% through to end period.

Global Ceramic Substrates Market: Growth Drivers and Trends

· Aluminum nitride are used for heat sinks, electronic packages, IC packages, and microwave device packages. The growing demand for microelectronics packaging is driving the ceramic substrates market.

· Rapid innovations in the industrial field to escalate the use of ceramics for pollution control purposes, wind turbines, nanotechnologies will boom the ceramic substrates market.

· The aluminum oxide is one of the material segmentation and it is used in dental and surgical implants such as orthopedic implants that is driving the ceramics substitutes market.

· Increasing demand for ceramic substrates in the automotive industries for pressure sensor application and PCBs are driving the growth prospects of the ceramic substrates market.

· Para electronic ceramic substrates have relatively higher dielectric constants, and it play a crucial role in the generation of MEMS devices. Increasing demand for MEMS applications will gain high profit in the market.

Ceramic Substrates Market: Competitive Landscape

Some of the major players in the ceramic substrates market are Yocera, Murata Manufacturing, CoorsTek, Ceram Tec, Maruwa, Tong Hsing Electronic Industries, LEATEC Fine Ceramics, Nikko Company, KOA Corporation, and Yokowo.

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.