The ceramic green sheet market size is projected to grow at a CAGR of 2.9% from 2022-to 2027. A ceramic green sheet is used in the formation of a sintered ceramic substrate, which contains ceramic powder and photosensitive resin composition. Ceramic sheets are formed from ceramic powders like alumina, zirconia, aluminum nitride, zirconia, and silicon nitride while ceramics are formed by barium titanate, boron nitride (BN), and alumina. It is majorly used in air conditioners which are placed for heat exchange and thus keep the room cooler in less time. It is also used in semiconductors in automotive and electrical industries due to its flexible shape capability and bonding applications, which is driving its market growth. Many countries experienced a setback in the production and development of applications, including the electrical and electronics industries, as a result of COVID-19. However, many ceramic manufacturers declared their operations essential for industrial applications such as televisions and smartphones while the country was in lockdown.
Report Coverage
Key Takeaways
- Asia-Pacific is the leading manufacturer of ceramic green sheet market, owing to the increasing demand from various the electrical & electronics industry.
- Ceramic green sheet is used in capacitors in various electrical and electronics industries as ceramic delivers greater frequency responses.
- Aluminum trioxide is the main type of ceramic in ceramic green sheets which are used to offer high chemical resistance and high-temperature resistance.
Ceramic Green Sheet Market Segment Analysis – By Application
The Capacitor segment held the largest share in the ceramic green sheet market in 2021 and is growing at a CAGR of 3.2% during the forecast period of 2022-2027. A ceramic capacitor is a fixed-value capacitor where the ceramic material acts as the dielectric material. The two kinds of ceramics used in capacitors are multi-layer ceramic (MLCC) and ceramic discs. MLCC uses green sheet ceramics in high quantity due to their flexibility in shape and brittle state. It is used in the electrical and electronics industry as transmitter stations, power circuit breakers, printed circuit boards, and many more. The ceramic green sheet consists of 95% silicon or greater, which is one of the main components in capacitors. According to India Brand Equity Foundation, India has grown its production to US$ 67 billion in 2020-2021 from US$ 29 billion in 2014-2015 and the electronics sector of India contributes around 3.4% of the country’s Gross Domestic Product (GDP). Hence as the production increases, the consumption of ceramic green sheets also increases.
Ceramic Green Sheet Market Segment Analysis – By End-Use Industry
The Smartphone segment held the largest share in the ceramic green sheet market in 2021 and is growing at a CAGR of 4.8% during the forecast period of 2022-2027. Ceramics are used in almost every smartphone. Also, multi-layer ceramic (MLCC), is majorly being used in 5G smartphones which are made from green ceramic sheets. MLCC is being used due to its small size and large capacitance. In smartphones, semiconductor technologies are renewed every two-three years, but the use of MLCC is constant. Therefore, the use of green ceramic sheets in smartphones is constant. It is also used as a screen cover and as the back body protector as it is brittle and has low density. According to Pew Research Center, in the US, a total of 85% population have a smartphone and 11% population have a cell phone but not a smartphone. Therefore, the production of smartphones is increasing, which results in the increasing use of green ceramic sheets.
Ceramic Green Sheet Market Segment Analysis – By Geography
The Asia-Pacific region held the largest share in the ceramic green sheet market in 2021 up to 43%. According to the Trade Promotion Council of India (TPCI), India is the 6th largest exporter of ceramic products and accounting for 3% of the world exports, and ranks 23rd in terms of imports. The sales of ceramic green sheets are dependent on the production of smartphones. According to Oberlo, the total global smartphone users is estimated at 6.6 billion in 2022, marking a 4.9% annual increase. According to Sri City, Daikin, which is a top brand for air conditioner manufacturing in Japan lays a foundation in India in 2022 and will have a capacity to manufacture 1.5 million AC units per year. Therefore, ceramic sheets have their main production in Asia-Pacific.
Ceramic Green Sheet Market Drivers
Increasing Air Conditioner Industry
Recently, many companies are manufacturing energy-saving air conditioning products with energy-saving ceramic sheets. The ceramic sheet is designed to be placed in the air intake vent closet to the heat exchanger of air conditioning equipment. Water molecules in the air are miniaturized by the infrared rays coming off of the ceramic, thus enhancing the efficiency of heat exchange via the resonance phenomenon. Therefore it cools the room more quickly than other products, increasing the outage time of the compressor. With different experiments, it is determined that a 20% energy reduction can be experienced when these energy-saving air conditioning systems are installed. According to International Energy Agency, the global air conditioner stock sales were around 306 million units in 2021 and are expected to reach 321 million units by 2022. Since ceramic is used for energy-saving air conditioners, the growing air conditioner stock is driving the market growth.
Growing semiconductor industry
The ceramic powder used in SrTiO3 based grain boundary insulated semiconductor ceramic is used in semiconductor ceramic capacitor using ceramic powder and a manufacturing method. In recent years, to decrease the size of multiple electronic devices and increase their functioning, more semiconductors are used, which increased the use of ceramics. To ensure the maximum performance of a semiconductor, ceramic powder is used for flexible shape capability, bonding of applications, a wide variety of plating, and flexible production capability. According to Semiconductor Industry Association, global semiconductor sales increased and reached US$ 556 billion in 2021, while US companies accounted for 46% of the global market i.e. US$ 258 billion. And since is widely used in semiconductors, the increasing semiconductor industry is spurring the market growth.
Ceramic Green Sheet Market Challenges
Crack formation during drying
Under proper conditions, it was observed that cracks occur on the ceramic green sheets during drying. A paper-thin flexible green sheet of various ceramic compositions is produced by tape casting for the manufacturing of substrates of electronic conductors, resistors, and multi-layer capacitors. Due to this forming process, it is easy to control the thickness of the green sheets and easy to laminate the sheets as well. However shape distortion and cracking often occurs during drying, causing defects in the final product. Thus, to ensure crack-free green sheets, particles need to be packed very closely and particles must not move easily. Therefore, the production process needs to be taken care of. Therefore, ceramic green sheets need to be used with care due to their crack formation conditions, which is restricting its market growth.
Ceramic Green Sheet Market Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the ceramic green sheet market. Ceramic green sheet market top 10 companies are:
- Caesar Ceramics USA, INC.
- Advanced Ceramic Technology
- LSP Industrial Ceramics, Inc.
- C-Mac International, LLC
- Insaco Inc.
- Ortech, Inc.
- Maryland Ceramic & Steatite Company, Inc.
- Alumina Ceramic Components, Inc.
- Anaren, Inc.
- Bomas Machine Specialties, Inc.
Relevant Reports
Ceramic Tiles Market - Forecast(2022 - 2027)
Report Code: CMR 0223
Cast Acrylic Sheets Market – Forecast (2022 - 2027)
Report Code: CMR 60143
Global Polycarbonate Sheets and Films Market – Forecast (2022 - 2027)
Report Code: CMR 54860
For more Chemicals and Materials Market reports, please click here
