PUNE, India, September 29, 2022 (GLOBE NEWSWIRE) — Loud Fortune Business Insights™, the globe Piezoelectric Materials Market The size is expected to reach $1.82 billion by 2028, at a CAGR of 4.4% over the forecast period. As a result, the increasing development of lead-free piezoelectric materials due to strict regulation will promote the healthy growth of the market. In a report entitled “Piezoelectric Materials Market, 2021-2028.” The market size was USD 1.31 billion in 2020.
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Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2021-2028 |
| Forecast CAGR | 4.4% |
| Value prognosis 2028 | $1.82 billion |
| base year | 2020 |
| Piezoelectric materials market size in 2021 | $1.35 billion |
| Historical data | 2017-2019 |
| number of pages | 250 |
| Covered Segments | By material, application, end user and regional insights |
| Growth drivers of the piezoelectric materials industry | Heavy aerospace and defense spending to fuel growth |
| Increasing production capacity to support expansion in Asia Pacific |
competitive landscape:
The competitive landscape of this industry presents a very concentrated market in which a few companies control the majority of the market share. To gain market share, key industry players invest significant resources in research and development of innovative materials and their applications.
The report lists the major companies in the market:
- CeramTec (Germany)
- Arkema (France)
- Solvay (Belgium)
- Mad City Labs, Inc. (USA)
- Piezosystem jena GmbH (Germany)
- Sparkler pottery (India)
- Piezomechanics GmbH (Germany)
- TDK Corporation (Japan)
- Murata Manufacturing Co.,Ltd. (Japan)
- Kinetic ceramics (USA)
- Hong Kong Piezo Co.Ltd. (China)
- Mide Technology (USA)
- Meggit PLC (UK)
- Johnson Matthey (UK)
- Piezo Kinetics Inc. (USA)
- TRS Technologies, Inc. (USA)
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