Piezoelectric Materials Market Growth - Industry Forecast 2031

Piezoelectric Materials Market Competitive Landscape

Piezoelectric Materials Market Top Player's Company Profiles

Morgan Advanced Materials
APC International Ltd.
PI Ceramic
CeramTec
Piezo Kinetics, Inc.
CTS Corporation
Harris Corporation
KYOCERA Corporation
Noliac A/S
Meggitt Sensing Systems
TRS Technologies, Inc.
PI (Physik Instrumente) L.P.
Mad City Labs, Inc.
Johnson Matthey
US EuroTek, Inc.
National Institute for Materials Science (NIMS)
NGK Insulators, Ltd.
Sparkler Ceramics Pvt. Ltd.
Exelis Inc.
Ceradyne, Inc.

Piezoelectric Materials Market

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Piezoelectric Materials Market size was valued at USD 29.23 billion in 2019 and is poised to grow from USD 30.9 billion in 2023 to USD 48.14 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).

Global piezoelectric materials market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Morgan Advanced Materials', 'APC International Ltd.', 'PI Ceramic', 'CeramTec', 'Piezo Kinetics, Inc.', 'CTS Corporation', 'Harris Corporation', 'KYOCERA Corporation', 'Noliac A/S', 'Meggitt Sensing Systems', 'TRS Technologies, Inc.', 'PI (Physik Instrumente) L.P.', 'Mad City Labs, Inc.', 'Johnson Matthey', 'US EuroTek, Inc.', 'National Institute for Materials Science (NIMS)', 'NGK Insulators, Ltd.', 'Sparkler Ceramics Pvt. Ltd.', 'Exelis Inc.', 'Ceradyne, Inc. '

Increasing demand for devices such as transducers, sensors, actuators, and motors due to the automation in end-use industries including automotive and electronic manufacturing for running the production line smoothly. Because the devices use piezoelectric materials properties for measuring various quantities- pressure, acceleration, strain, and acoustic intensity, which will drive the growth of piezoelectric materials.

The usage of piezoelectric materials is constrained because there is lead in the compound which subjects PZT to the regulations- Restrictions of Hazardous Substances (RoHS) Directive 2002/95/EC by EU. Polymers having piezoelectric properties such as polyvinylidene fluoride (PVDF) and polysulfone are under examination for providing compliant piezoelectric materials. The leads are injurious to human health, so, the research on the alternative of lead-based ceramics is observed to gain speed in the upcoming years and turn on the market growth.

Asia Pacific (APAC) region is expected to register good profitability due to the establishment of electronic manufacturing units in South Korea, China, Japan, and Taiwan. The increasing production capacities of key companies may expand the piezoelectric materials market in the region. The governments are giving tax rebates, and incentives to the manufacturers of electronics establishing new plants in the region after the sluggish rate from the pandemic. The automotive sector will grow more in China and India after the latest investments by Ford and Volkswagen on a domestic level and is further expected to increase the demand for electronic accessories like motors. All of these are anticipated to increase the usage of piezoelectric materials in the formulation of actuators, sensors, and other electronic accessories.

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Piezoelectric Materials Market Size, Share, Growth Analysis, By Region - Industry Forecast 2024-2031

Piezoelectric Materials Market Competitive Landscape

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Piezoelectric Materials Market Size, Share, Growth Analysis, By Region - Industry Forecast 2024-2031

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