Monolithic Ceramics Demand being Supported by their Growing Applications in Electronic Devices

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Industry Experts, Inc., has released its latest report on Monolithic Ceramics Market, which projects the demand for the same be estimated at US$20.2 billion in 2024 and projected to reach US$29.2 billion by 2030 at a CAGR of 6.3% between the two years.

Some of the factors instrumental in driving demand for Monolithic Ceramics include increasing demand for electronic devices, especially in manufacturing capacitors and transistors for smartphones, laptops, TVs, cameras and IoT equipment, the growing need in medical care devices and continuous innovations in research & development to enhance the properties of monolithic ceramics. These materials are also extensively used in pollution control devices in automobiles due to the alarming concern over environmental issues. Stringent regulatory guidelines have been enforced by governments in regard to curbing the emissions of greenhouse gases from various sources.

Based on type, Oxide Monolithic Ceramics are estimated to hold a larger global market share, the major factors for which include extensive use of these materials in making capacitors for the electronics & electrical industry due to their beneficial characteristics, such as small size, light weight, high performance and capacitance, as against traditionally used materials. In addition, they are also used in semiconductors, smart wearable devices and electronic components. However, Non-Oxides are anticipated to maintain a faster growth during the analysis period owing to their wider utilization in the aerospace and automotive industries because of their unique properties, such as temperature and corrosion resistance.

The report studies the Monolithic Ceramics market across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Middle East & Africa.

The market for major types of Monolithic Ceramics analyzed in this report include Non-Oxide (Borides, Carbides & Nitrides) and Oxide (Aluminum Oxide, Titanium Dioxide & Zirconium Oxide). The study also examines the market for Monolithic Ceramics by form, comprising Disc, Insulator, Plate, Powder & Rod. The end-use sectors for Monolithic Ceramics analyzed in this report include Aerospace, Automotive & Transportation, Defense & Military, Electrical & Electronics, Healthcare & Power Generation.

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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