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