© 2018 Global Market Insights, Inc. USA. All Rights Reserved Ceramic Substrates Market to Witness A Phenomenal Growth over 2018 to 2024

Global Market Scenario of Ceramic Substrates Industry © 2018 Global Market Insights, Inc. USA. All Rights Reserved  Alumina segment led the Ceramic Substrates Market in 2017 owing to its suitability in numerous application areas along with its low cost compared to other ceramic substrates.Ceramic Substrates Market  Global Ceramic Substrates Market size is likely to grow with prominent CAGR during the forecast timespan. Ceramic substrate is an electronic sheet material, made by hot pressing or tape casting technology for thick electronic film and board in which electronic ceramic is used as a substrate. Continuous advancement in ceramic substrates industry has augmented its superior properties such as high corrosion, high wear resistance, electrical conductivity and longer life.  The ceramic substrates market is mainly driven due to properties such as corrosion-resistance, high temperature stability, low thermal expansion, lightweight and a variety of electrical properties ranging from semiconductor to highly conductive material.  Owing to these traits, ceramic substrates are used in wide range of industries, such as automotive, consumer electronics, telecom, industrial and military & avionics. The growth of the ceramic substrate market is attributed to the increasing use of it as an alternative to metals and alloy.  The increasing demand for compact microelectronic packaging solutions was another significant factor which drove the growth of the ceramic substrate market in past few years. The high procurement and raw material costs are likely to affect ceramic substrate market size negatively in the coming years.

© 2018 Global Market Insights, Inc. USA. All Rights Reserved Product Analysis:- Based on product type, ceramic substrates market is divided into five segments; alumina, aluminum nitrate, silicon nitride, beryllium oxide and others. Among which alumina segment led the ceramic substrates market in 2017 owing to its suitability in numerous application areas along with its low cost compared to other ceramic substrates. Regional Trends:- Asia Pacific ceramic substrates market is likely to grow at a significant growth rate on account of increasing disposable income of consumers and rising demand for technologically advanced consumer electronics in countries including China, India, Japan, Indonesia and South Korea. Factors such as rapid development of end-user industries, competitive manufacturing cost and high economic growth shall fuel ceramic substrates market size growth over the forecast duration. The ceramic substrate market growth in China was remarkable and is likely to experience additional growth over a forecast timespan due to increasing product manufacturing facilities and high raw material supply in China.

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© 2018 Global Market Insights, Inc. USA. All Rights Reserved Competitive Trends: Prominent players operating in ceramic substrates market are KYOCERA Corporation, Murata Manufacturing Co. Ltd., Coors Tek Inc., Ceram Tec., MARUWA Co. Ltd., Tong Hsing Electronics Industries Ltd., LEATEC Fine Ceramics Co., Ltd., Nikko Company, KOA-An S Corporation, yokowo co. ltd., Eti, SST Sensing Ltd. company, Nippon Carbide Industries Co., Inc., NGK Spark Plug Group and ENrG Inc. The global ceramic substrate market was highly fragmented in 2017 with the presence of many players across different regions. These players have adopted organic as well as inorganic growth strategies such as expansion agreements, new product launches, merger & acquisition, joint ventures and partnership to strengthen their position in the market. Entry barriers in the industry are very high as it needs high investment for manufacturing plant and for research and development activities, due to ongoing modifications and developments in ceramic substrates production technologies.

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