Home / Chemicals / Ferroelect

Ferroelectric Materials Market by Type (Barium Titanate, Others) by Application (Ceramic Capacitor, PTC Thermistor, Others): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

The global market is likely to attain a market value of USD 3.79 billion in 2027 from USD 2.30 billion in 2020. The CAGR for this market is likely to reach over 8.7% during the forecast period.

Ferroelectric materials are classified as functional materials that possess distinct electrical properties when come in contact with external electric field. In the absence of an external electric field, ferroelectric materials exhibit the phenomenon of electric polarization. By using an externally applied electric field, the direction of polarization in ferroelectric materials may also be reversed. The spontaneous reversible polarization is a common property of ferroelectric materials. Credence Research is offering holistic information and absolute accuracy on the report titled “Global Ferroelectric Materials Market”.

Key Market Drivers and Restraints

Factors that have high impact on the market growth of industrial electric vehicles will be covered her. Also, covers factors that may challenge or act as opportunity for market will be discussed in order to identify the revenue generation.

High Adoption in Various Industry

A major end-user of ferroelectric materials is the automotive industry. Despite the fact that ferroelectric materials are commonly used in industrial production and automotive applications, the medical instrument and information and telecommunication industries have the highest demand for them.

Piezoelectric sensors are used in ultrasonic imaging and other ultrasonic procedures in the healthcare industry. Ferroelectric materials are commonly used in devices such as cellular phones, computers, and inkjet printers in the IT and telecommunications industries. The use of piezoelectric technology in the field of structural health monitoring is also popular. Another booming industry is energy recycling, and piezoelectric technology is expected to play a significant role in this field in the future.

Asia-Pacific to led the global market in geographic regions

On geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research is providing in-depth insight on prominent regions of global market. Asia-Pacific topped the market by acquiring 38.2% share in 2020.

Global Market is led by the Barium Titanate in terms of type

In consideration of type, the market is bifurcated into barium titanate and others. Barium Titanate dominated the market in 2020. The market is largely driven by the region's growing demand for electric vehicles. The rise in carbon dioxide emissions, as well as increased government efforts to reduce the number of petroleum and diesel-based vehicles, is a major driver of increased demand for electric vehicles in Asia Pacific, which is pushing demand for barium titanate even higher.

Hospitals dominate the global market in 2020 in terms of Application

Ceramic Capacitor, PTC Thermistor and Others are the various Applications of this market. Ceramic Capacitor led the highest market share in 2020. As ceramic capacitors are becoming more common as performance improves, and demand is rising in a variety of industries, including consumer electronics, automotive, telecommunications, and energy and power, to name a few. Growing global automotive production, combined with increasing disposable income and a rising standard of living, will add to the growing demand for certifiable goods.

Frequently asked questions about global industry

  • Which are the different Types of Ferroelectric Materials?
    Ans: Others and Barium Titanate are the two Types available in the market
  • Name few prominent players in the global industry.
    Ans Sakai Chemical, Ferro, Nippon Chemical, Fuji Titanium, KCM, Shandong Sinocera, Shanghai Dian Yang and among others are the key players leading this market
  • Which is the fastest growing Application segment for global industry?
    Ans: Ceramics Capacitors has fastest growth at Application
  • Which is the leading regional market for global industry?
    Ans: Asia-Pacific has the largest share of the market
  • What will be the CAGR (2021 - 2027) of in global industry?
    Ans: The CAGR for this market is likely to reach over 8.7% during the forecast period
Choose License Type
Published Date:  May 2021
Category:  Chemicals
Report ID:   60369
Report Format:   PDF
Pages:   120
Rating:    4.2 (60)
Connect With Us
24/7 Research Support