Ceramic Substrates Market growth outlook with industry review and forecast 2018-2024
The
ceramic substrates market is mainly driven due to properties such as corrosion-resistance,
high temperature stability, low thermal expansion, lightweight and a variety of
electrical properties ranging from semiconductor to highly conductive material.
Owing to these traits, ceramic substrates are used in wide range of industries,
such as automotive, consumer electronics, telecom, industrial and military
& avionics. The growth of the ceramic substrate market is attributed to the
increasing use of it as an alternative to metals and alloy.
The
increasing demand for compact microelectronic packaging solutions was another
significant factor which drove the growth of the ceramic substrate market in
past few years. The high procurement and raw material costs are likely to
affect ceramic substrate market size negatively in the coming years. In
addition, issues of recyclability and reliability of ceramic materials coupled
with high price of ceramic substrates compared to metals and alloys may hamper
the ceramic substrates market growth during the forecast timeframe.
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Global
Ceramic Substrates Market size is likely to grow with prominent CAGR during the
forecast timespan. Ceramic substrate is an electronic sheet material, made by
hot pressing or tape casting technology for thick electronic film and board in
which electronic ceramic is used as a substrate. Continuous advancement in
ceramic substrates industry has augmented its superior properties such as high
corrosion, high wear resistance, electrical conductivity and longer life.
Asia
Pacific ceramic substrates market is likely to grow at a significant growth
rate on account of increasing disposable income of consumers and rising demand
for technologically advanced consumer electronics in countries including China,
India, Japan, Indonesia and South Korea. Factors such as rapid development of
end-user industries, competitive manufacturing cost and high economic growth
shall fuel ceramic substrates market size growth over the forecast duration.
The ceramic substrate market growth in China was remarkable and is likely to
experience additional growth over a forecast timespan due to increasing product
manufacturing facilities and high raw material supply in China.
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Summary @
Prominent
players operating in ceramic substrates market are KYOCERA Corporation, Murata
Manufacturing Co. Ltd., Coors Tek Inc., Ceram Tec., MARUWA Co. Ltd., Tong Hsing
Electronics Industries Ltd., LEATEC Fine Ceramics Co., Ltd., Nikko Company,
KOA-An S Corporation, yokowo co. ltd., Eti, SST Sensing Ltd. company, Nippon
Carbide Industries Co., Inc., NGK Spark Plug Group and ENrG Inc. The global
ceramic substrate market was highly fragmented in 2017 with the presence of
many players across different regions.
These players have adopted organic as
well as inorganic growth strategies such as expansion agreements, new product
launches, merger & acquisition, joint ventures and partnership to
strengthen their position in the market. Entry barriers in the industry are
very high as it needs high investment for manufacturing plant and for research
and development activities, due to ongoing modifications and developments in
ceramic substrates production technologies.
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Ceramic Substrates Market growth outlook with industry review and forecast 2018-2024
Reviewed by snehal
on
August 01, 2018
Rating:
Reviewed by snehal
on
August 01, 2018
Rating:
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