Lead free Piezoelectric Ceramic Material Market Forecast to 2030
Global Lead free Piezoelectric Ceramic Material Market, Emergen Research's most recent market research report, includes an estimated market size and share, current industry trends, global market growth rates, main market competitors, key drivers and opportunities, challenges, and product segmentation. Cost structure, market size, the level of competition, a product's features and portfolio, and business profiles
The global lead-free piezoelectric ceramic material market size is expected to reach USD 710.0 Million in 2030 and register a revenue CAGR of 16.3% over the forecast period, according to latest analysis by Emergen Research. Increasing significance of automated manufacturing processes with higher efficiency and short production times is one of the key factors expected to support market revenue growth between 2022 and 2030. Lead-free piezoelectric ceramic materials have a high degree of stiffness and capacity to change shape when subjected to mechanical stress, they are now widely employed in manufacturing of electronic goods such as transducers, actuators, generators, SONAR, sensors, and motors. This is another factor expected to drive market revenue growth over the forecast period. Furthermore, increased demand for photovoltaic cells in developed countries such as the U.S. and Germany is likely to boost demand over the forecast period due to legislative assistance pertaining to Feed-in-Tariff (FiT).
The lead-free piezoelectric ceramic material market refers to the industry that focuses on the development, production, and sale of piezoelectric ceramic materials that do not contain lead. Piezoelectric ceramics are a class of materials that can convert mechanical stress or pressure into an electrical charge, and vice versa. They find applications in a wide range of industries, including electronics, telecommunications, automotive, medical devices, and more.
In the past, lead-based materials were commonly used in the production of piezoelectric ceramics due to their favorable properties. However, the environmental and health concerns associated with lead have prompted the industry to shift towards lead-free alternatives. Lead is known to be toxic and can cause severe health problems if ingested or released into the environment.
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The global Lead free Piezoelectric Ceramic Material market report employs an extremely extensive and perceptive process that analyzes statistical data relating to services and products offered in the market. The research study is a pivotal document in understanding the needs and wants of the clients. The report is comprised of significant data about the leading companies and their marketing strategies. The Lead free Piezoelectric Ceramic Material industry is witnessing an expansion and change of dynamics owing to the entry of several new players.
The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
KYOCERA Corporation, Sumitomo Chemical Co., Ltd., PI Ceramic GmbH, Zibo Yuhai Electronic Ceramic Co., Ltd, Fuji Ceramics Corporation, NGK Spark Plug Co., Ltd., Noritake Co., Limited, Kemet Corporation, Seiko Epson Corporation, and Canon Inc
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Some Key Highlights from the Report
Barium titanate base segment accounted for the largest revenue share in 2021. Barium titanate is a white powder that is made up of an inorganic chemical compound. It is a ferroelectric ceramic chemical compound that is also piezoelectric. In its purest form, barium titanate can be utilized as an electrical insulator. The compound is utilized as a dielectric ceramic material in capacitors. It is also utilized in microphones and other transducers as a piezoelectric due to its ferroelectric, exceptional dielectric, pyroelectric, piezoelectric, and electro-optical characteristics.
Industry & manufacturing segment revenue is expected to register a significant growth rate during the forecast period. Lead-free piezoelectric ceramics are utilized in actuators, sensors, positioners, and other applications. Lead-free piezoelectric ceramic materials are widely used in the manufacturing industry as they play an important role in a variety of processes that save time and money, such as welding automation systems for cutting metals, plastics processing equipment for injection molding machines, and so on.
Automotive industry segment is expected to grow significantly during the forecast period. In automotive industry, lead-free piezoelectric ceramics materials are utilized to control a variety of systems. Windshield wipers, window lifts and motors, engine timing belt tensioner/idler pulleys, and servo valves are some of the examples. A piezoelectric element is used in cars to measure vibrations from various areas of vehicle in order to improve comfort and reduce noise levels. This sort of sensor is also used in assemblies such as high beam switches, turn indicators, warning flashers, and other assemblies where it serves as a strike sensor or switch, making it quite popular among automakers.
Lead-free piezoelectric ceramic material market in Asia Pacific is expected to account for largest revenue share among other regional markets during the forecast period. Increase in production facilities by companies in India, South Korea, Taiwan, China, and Japan is responsible for this growth. Moreover, use of lead-free piezoelectric ceramic materials in automotive industry has increased, with applications including tire pressure sensors, fuel injectors, backup sensors, engine knock sensors, dynamic pressure sensors, and a slew of other critical safety features found in modern vehicles, supporting market revenue growth in the region.
In February 2021, CTS Corporation secured financing from Eurostars for development of ‘Environmentally Friendly Lead-Free Piezoelectric Ceramic Material’ with a strategic partner Entekno Materials, Turkey.
The report bifurcates the Lead free Piezoelectric Ceramic Material market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Product Type Outlook (Revenue, USD Million; 2019–2030)
Barium Titanate Base
Bismuth Titanate Sodium Group
Application Outlook (Revenue, USD Million; 2019–2030)
Industry & Manufacturing
Regional Outlook (Revenue, USD Million; 2019–2030)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Furthermore, the report provides the analytical data in an organized format segmented into charts, tables, graphs, figures, and diagrams. This enables readers to understand the market scenario in an easy and beneficial manner. Moreover, the report aims to impart a prospective outlook and draw an informative conclusion to assist the reader in making lucrative business decisions. The report, in conclusion, provides a detailed analysis of the segments expected to dominate the market, the regional bifurcation, the estimated market size and share, and comprehensive SWOT analysis and Porter’s Five Forces Analysis.
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