Ceramic Substrates Market Is Projected To Post A Phenomenal CAGR through 2018 | Radiant Insights,Inc

RadiantInsights.com has announced the addition of “Global Ceramic Substrates Market Size,Trends, Growth And Forecast Report Up To 2018 : Radiant Insights, Inc” Market Research Report to their Database.

The global Ceramic Substrates Market is anticipated to expand at a significant rate from 2017 to 2025. Advances in ceramic substrates have led to them possessing characteristics such as high corrosion resistance, thermal conductivity, electrical conductivity, and wear resistance. Industries using these substrates include aerospace, computers, automotive, military, medical, and communications among others.

The ceramic substrates market is expected to grow at a phenomenal rate during the forecast period (2013 to 2025). Benefits of ceramic substrates are expected to augur demand from various industrial sectors. Demand for consumer electronics is predicted to drive market growth over the forecast period. The growth in the light-emitting diode (LED) industry is also expected to bode well for the market. However, high manufacturing cost of these substrates may pose a challenge to the market.

Multilayer ceramic substrates are in high demand due to the growing smartphone and consumer electronics industries. Development of advanced ceramic substrate technologies such as high temperature co-fired ceramic (HTCC) and low temperature co-fired ceramic (LTCC) in ceramic packaging are expected to disrupt the market. For instance, Schott Electronic Packaging is capitalizing on this trend by offering packaging solutions for communication and electronics sectors. In addition, its use in high volume applications in automotive and telecommunication sectors is expected to extend the scope of the market.

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The worldwide ceramic substrates market is segmented by product, application, and region. By product, the market is divided into silicon nitride, aluminum nitride, beryllium oxide, alumina, and other substrates. Major applications comprise military and aerospace electronics, industrial, communication, consumer electronics, cars, and others.

Regions covered in the report include India, Japan, China, Southeast Asia, Europe, and North America. The China market is expected to dominate over the forecast period owing to major manufacturers setting up bases in the country. Demand for automotive, ultraviolet, and infrared LEDs is expected to further drive the demand. High supply of raw material from Taipei in Taiwan and Philippines can improve the prospects of the market.

The Europe market can expand steadily over the forecast period with rising production of filters to prevent pollution for the automotive industry. High pollution levels and adherence to the Kyoto protocol are other factors expected to drive demand for ceramic substrate. In 2017, researchers from the Swiss Federal Laboratories for Materials Science and Technology (Empa) developed a catalytic converter to filter out pollutants emitted during cold starts.

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The converter is of a polyhedron design with thin ceramic struts that heats up the engine and emits as little gas as possible. The Japan market for ceramic substrates is predicted to enjoy a good growth rate over the forecast period due to adoption of HTCC and LTCC packaging solutions.

Key players in the ceramic substrates market include CeramTec; Murata Manufacturing Co., Ltd.; KOA Corporation; CoorsTek, Inc.; and Kyocera Corporation. Acquisitions, collaborations, and mergers are some of the top strategies adopted by these companies to gain a high market share. For instance, in June 2017, Kyocera Corporation and Toshiba Materials Co. Ltd. decided to collaborate on producing nitride ceramic components used in power semiconductors to cater to the rising demand.

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