Global Electronics and Electrical Ceramics Market Report and Forecast 2024-2032

Global Electronics and Electrical Ceramics Market Size

The global electronics and electrical ceramics market reached approximately USD 13.85 billion in 2023. The market is projected to grow at a CAGR of 4.2% between 2024 and 2032, reaching a value of around USD 20.24 billion by 2032.

Electronics and Electrical Ceramics Market Outlook

• According to industry reports, the global electronics market was valued at USD 1.7-2 trillion in 2015. Home appliances make up one of the leading market categories.

• The demand for electrical and electronic ceramics is driven by global power generation projects, including new and existing plant expansion.

• The properties of electrical ceramics are widely used in technologies such as communication, storage, electronics, and automation.

Electronics and Electrical Ceramics Market Growth

Ceramic materials are valued for their exceptional strength and non-conductive nature, making them ideal for use in insulators for circuit boards, coaxial cables, and power lines to prevent power surges, short circuits, and fire risks. Additionally, ceramic insulators have excellent heat retention capabilities, favourable plasticity, precise grinding potential, and superior mechanical bonding properties, enabling them to be shaped into various forms.

The key market players are heavily investing in the semiconductor sector. For instance, in Dec 2022, Morgan Advanced Materials, a renowned company known for its expertise in manufacturing specialist products, unveiled an ambitious investment plan. The company committed to invest a staggering £60 million over four years to bolster its capabilities in the semiconductor sector.

Ceramic objects are crucial components in a wide range of applications. This includes ceramic arc tubes, hermetic packaging, as well as protective components for bare wires and power lines. These products are extensively utilised in industries such as automotive, aerospace, marine, electricity distribution, and transportation. Ceramic capacitors, for instance, leverage the insulating properties of a ceramic material, also referred to as dielectric, which is sandwiched between two or more metal layers to store electrical charges.

Key Trends and Developments

The rising demand for consumer appliances, growing power generation projects, rapid adoption of the internet, and wide application of technological appliances, positively impact the electronics and electrical ceramics market growth

May 2021

AdValue Photonics, a company specialising in lasers and equipment, was named among the top 10 solution providers for Advanced Materials by Manufacturing Outlook Magazine.

Dec 2022

Saint-Gobain, a French-based company that focuses on the design, production, and distribution of materials and solutions entered a contract to sell its British distribution business to the Stark group, a prominent retailer and distributor of building materials.

Dec 2022

Morgan Advanced Materials, a company specialising in manufacturing specialist products, announced a £60m investment plan over a four-year period to enhance their capabilities in the semiconductor sector.

Jan 2023

AdValue Photonics, Inc., a prominent producer of cutting-edge fibre lasers, successfully delivered a high-power ultraviolet (UV) laser operating at a single frequency of 308 nm to NASA Goddard Space Flight Center.

Increase in demand for consumer appliances

Consumer appliances are anticipated to be the primary sector for the utilisation of electrical and electronics ceramics.

Growing power generation projects

The market demand for electrical and electronic ceramics is further driven by the expansion of power generation projects across the globe.

Increasing demand for internet

The market is anticipated to experience growth due to the increasing global demand for the internet and other related services.

Application in technological appliances

These ceramics are commonly used in various technological devices such as actuators, data storage units, transducers, and sensors due to their optical, electrical, and magnetic properties.

Electronics and Electrical Ceramics Market Trends

With the rise of power generation initiatives worldwide, the global market for electrical and electronic ceramics has experienced substantial growth. As countries invest in infrastructure to meet their energy demands and reduce their carbon footprint, the demand for advanced ceramics used in electrical applications has surged. This trend is expected to continue as the world shifts towards renewable energy sources and invests in modernising its power grids.

Electrical and electronic ceramics are expected to play a crucial role in the consumer appliances industry due to their unique properties and capabilities. These ceramics are specifically designed to withstand high temperatures, electrical currents, and harsh environments, making them ideal for various applications in consumer appliances. One primary application of electrical and electronics ceramics in consumer appliances is in heating elements. These ceramics have excellent thermal conductivity, allowing them to efficiently transfer heat to the desired area. This makes them ideal for use in electric stoves, ovens, and other cooking appliances, ensuring even and consistent heating.

Electronics and Electrical Ceramics Industry Segmentation

“Global Electronics and Electrical Ceramics Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Material Type

• Alumina Ceramics

• Zirconia Ceramics

• Silica

• Titanate

• Others

Market Breakup by Product

• Monolithic Ceramics

• Ceramic Matrix Composites

• Ceramic Coatings

• Others

Market Breakup by End Use

• Home Appliances

• Power Grids

• Medical Devices

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Electronics and Electrical Ceramics Market Share

Electrical ceramics are extensively used in the power grid sector, among other end use industries

The electric grid plays a crucial role in modern society, particularly in regions like the U.S. Sophisticated grid systems consist of various electrified wires and power lines that carry high-voltage electricity along suspended wires. While the wires themselves are not insulated, specific parts of the grid require insulation, such as areas where live wires connect to supporting poles. Electric insulators, particularly ceramic ones, are becoming increasingly popular in industrial settings due to their diverse material properties and wide range of applications.

Electronics and Electrical Ceramics Market Leaders

The market players are focusing more on technological upgradation and sustainability to gain a competitive edge over their counterparts

Compagnie de Saint Gobain SA

Compagnie de Saint Gobain SA was founded in 1665 and is headquartered in France. The company is responsible for designing, producing, and delivering materials and services to the construction and industrial sectors.

Maruwa Co., Ltd.

Maruwa Co., Ltd. was founded in 1973 and is headquartered in Japan. It is mainly involved in the production and distribution of ceramic components, which encompass electronic components as well as lighting equipment.

Nippon Carbide Industries Co., Inc.

Nippon Carbide Industries Co., Inc. was established in 1935 and is headquartered in Tokyo, Japan. It manufactures chemical goods like synthetic resin products, construction materials, electronic components, and specialty chemicals.

AdValue Technology, LLC

AdValue Technology, LLC was founded in 2004 and is headquartered in Arizona, United States. The company deals in a wide variety of product ranges including alumina, sapphire, and high-purity powders, among others.

Other players in the global electronics and electrical ceramics market are Noritake Co., Ltd. (KCM Corporation Co., Ltd.), Murata Manufacturing Co. Ltd., Morgan Advanced Materials Plc, BAAN Industrial Raw Materials, CeramTec GmbH, CoorsTek, Inc., and Aum Techno Ceramics, among others.

Electronics and Electrical Ceramics Market Analysis by Region

The Asia Pacific region is expected to lead the market over the forecast period, because of increasing government support to the domestic electronics industry

The electronics and electrical ceramics market in the Asia Pacific region is expected to be dominated by the established electrical and electronics industry in the area. Major countries such as China, Japan, India, South Korea, and Vietnam are significant consumers of electronic and electrical ceramics in this region.

China, being the world's largest electronics production base, poses strong competition to existing upstream producers like South Korea, Singapore, and Taiwan. India's electronics industry is also one of the largest and fastest-growing industries globally. Due to increasing labour costs, many manufacturers are relocating from China to India to meet domestic demand. Furthermore, government initiatives like Digital India are driving growth in the country's electronics manufacturing sector. Japan, on the other hand, boasts one of the world's major electrical and electronic industries and is a key competitor to the United States in semiconductor manufacturing. It is also home to global leading companies in the electronics industry such as Sony and Toshiba.

Key Highlights of the Report