Market Overview:
The global inorganic piezoelectric materials market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for inorganic piezoelectric materials from various applications such as medical, petrochemical, building automation and industrial sectors. In addition, the growing awareness about the benefits of using inorganic piezoelectric materials is also contributing to the growth of this market. Based on type, room temperature curing segment is projected to hold a dominant position in the global inorganic piezoelectric materials market during the forecast period from 2018 to 2030. This segment is expected to grow at a CAGR of 7% during this period owing to its properties such as low shrinkage and high dimensional stability which make it suitable for use across various applications. On basis application wise medical sector dominated with highest share followed by Petrochemical sector globally .
Product Definition:
Inorganic Piezoelectric Materials are materials that generate an electric potential in response to mechanical stress. They are used in a variety of applications, including sensors, actuators, and energy harvesting devices.
Room Temperature Curing:
The global room temperature curing (RTC) is a process in which materials are cured at ambient temperatures. The RTC process does not require high heat, unlike the hot-air or laser beam method of thermal cure. In addition, it offers low cost and easy handling advantages over other methods.
Baking Curing:
Baking curing is a process of drying or hardening using heat and air. Inorganic piezoelectric materials are prone to baking curing when used in the production of ceramic tiles, sanitary ware, and similar products. The process helps in producing strong bonds between ingredients as well as surfaces which results into tiles with low water absorption and high thermal conductivity.
Application Insights:
The market is segmented on the basis of application into medical, building automation, industrial, petrochemical and others. The medical segment held the largest share in 2017 owing to increasing demand for piezoelectric devices that are used for diagnostics and treatment purposes. Piezo electric actuators are also used in surgical equipment such as forceps, drills & saws and other types of motors & pumps which help deliver medicine through an intravenous line or remove fluids from a body cavity.
Building automation is expected to be one of the fastest-growing segments over the forecast period due to rising demand for energy-efficient solutions coupled with technological advancements that have made it possible to control appliances using only a smartphone app or via remote control. Piezo sensors can also be integrated with smart home systems which enable homeowners monitor & control their buildings remotely using mobile devices or computers while providing security monitoring services at the same time.
Regional Analysis:
Asia Pacific dominated the global inorganic piezoelectric materials market and accounted for over 45% of the total revenue share in 2016. The growth is attributed to rising product demand from end-use industries such as medical, industrial, building automation, and petrochemical. In addition, favorable government initiatives pertaining to research & development activities are expected to drive industry expansion over the forecast period.
The Asia Pacific is anticipated to be one of the most lucrative regions with a CAGR exceeding 6% during the forecast period on account of rapid industrialization coupled with increasing consumer disposable income levels in emerging economies such as China and India.
Growth Factors:
- Increasing demand for Inorganic Piezoelectric Materials in automotive and aerospace industries for various applications such as sensors, actuators, and microphones.
- Growing demand from emerging economies due to rising disposable income and technological advancements.
- Rising awareness about the benefits of Inorganic Piezoelectric Materials across different industries is expected to boost the market growth during the forecast period.
- Increasing R&D investments by key players to develop new products and enhance their product portfolio is anticipated to propel the market growth in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Inorganic Piezoelectric Materials Market Research Report
By Type
Room Temperature Curing, Baking Curing
By Application
Medical, Petrochemical, Building Automation, Industrial
By Companies
AkzoNobel, BEHR, PPG, Nippon Paint Holdings, RPM, Vitthal Udyognagar, BASF SE, Dow Chemical, Arkema S.A., Air Products and Chemicals, Nippon Shokubai, Formosa Plastics Corporation, Mitsubishi Chemical Holdings Corporation, Dic Corporation, Momentive Specialty Chemicals, Hitachi Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Inorganic Piezoelectric Materials Market Report Segments:
The global Inorganic Piezoelectric Materials market is segmented on the basis of:
Types
Room Temperature Curing, Baking Curing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Petrochemical, Building Automation, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AkzoNobel
- BEHR
- PPG
- Nippon Paint Holdings
- RPM
- Vitthal Udyognagar
- BASF SE
- Dow Chemical
- Arkema S.A.
- Air Products and Chemicals
- Nippon Shokubai
- Formosa Plastics Corporation
- Mitsubishi Chemical Holdings Corporation
- Dic Corporation
- Momentive Specialty Chemicals
- Hitachi Chemical
Highlights of The Inorganic Piezoelectric Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Room Temperature Curing
- Baking Curing
- By Application:
- Medical
- Petrochemical
- Building Automation
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Inorganic Piezoelectric Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Inorganic piezoelectric materials are materials that have the ability to generate an electric charge when subjected to mechanical stress. This property makes these materials ideal for use in devices such as sensors, actuators, and transducers.
Some of the key players operating in the inorganic piezoelectric materials market are AkzoNobel, BEHR, PPG, Nippon Paint Holdings, RPM, Vitthal Udyognagar, BASF SE, Dow Chemical, Arkema S.A., Air Products and Chemicals, Nippon Shokubai, Formosa Plastics Corporation, Mitsubishi Chemical Holdings Corporation, Dic Corporation, Momentive Specialty Chemicals, Hitachi Chemical.
The inorganic piezoelectric materials market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inorganic Piezoelectric Materials Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Inorganic Piezoelectric Materials Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Inorganic Piezoelectric Materials Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Inorganic Piezoelectric Materials Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Inorganic Piezoelectric Materials Market Size & Forecast, 2020-2028 4.5.1 Inorganic Piezoelectric Materials Market Size and Y-o-Y Growth 4.5.2 Inorganic Piezoelectric Materials Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Room Temperature Curing
5.2.2 Baking Curing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Petrochemical
6.2.3 Building Automation
6.2.4 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inorganic Piezoelectric Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Inorganic Piezoelectric Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Room Temperature Curing
9.6.2 Baking Curing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Petrochemical
9.10.3 Building Automation
9.10.4 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Room Temperature Curing
10.6.2 Baking Curing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Petrochemical
10.10.3 Building Automation
10.10.4 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Room Temperature Curing
11.6.2 Baking Curing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Petrochemical
11.10.3 Building Automation
11.10.4 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Room Temperature Curing
12.6.2 Baking Curing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Petrochemical
12.10.3 Building Automation
12.10.4 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Room Temperature Curing
13.6.2 Baking Curing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Petrochemical
13.10.3 Building Automation
13.10.4 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Inorganic Piezoelectric Materials Market: Competitive Dashboard
14.2 Global Inorganic Piezoelectric Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AkzoNobel
14.3.2 BEHR
14.3.3 PPG
14.3.4 Nippon Paint Holdings
14.3.5 RPM
14.3.6 Vitthal Udyognagar
14.3.7 BASF SE
14.3.8 Dow Chemical
14.3.9 Arkema S.A.
14.3.10 Air Products and Chemicals
14.3.11 Nippon Shokubai
14.3.12 Formosa Plastics Corporation
14.3.13 Mitsubishi Chemical Holdings Corporation
14.3.14 Dic Corporation
14.3.15 Momentive Specialty Chemicals
14.3.16 Hitachi Chemical