Global Composites Piezoelectric Material Market Research Report 2023(Status and Outlook)

Global Composites Piezoelectric Material Market Research Report 2023(Status and Outlook)

Report Overview

Composites Piezoelectric Material (or Piezoelectric composites) are a class of functional materials consisting of piezoelectric active materials and non-piezoelectric passive polymers, mechanically attached together to form different connectivities. These composites have several advantages compared to conventional piezoelectric ceramics and polymers, including improved electromechanical properties, mechanical flexibility and the ability to tailor properties by using several different connectivity patterns. These advantages have led to the improvement of overall transducer performance, such as transducer sensitivity and bandwidth, resulting in rapid implementation of piezoelectric composites in medical imaging ultrasounds and other acoustic transducers. Recently, new piezoelectric composite transducers have been developed with optimized composite components that have improved thermal stability and mechanical quality factors, making them promising candidates for high temperature, high power transducer applications, such as therapeutic ultrasound, high power ultrasonic wirebonding, high temperature non-destructive testing, and downhole energy harvesting.

Global Composites Piezoelectric Material key players include Arkema, UJRC, Solvay, Piezo Kinetics, MSI Tranducers, etc. Global top five manufacturers hold a share about 40%.

North America is the largest market, with a share over 30%, followed by Europe and China, both have a share about 40 percent.

In terms of product, 1-3 Type is the largest segment, with a share about 85%. And in terms of application, the largest application is Industrial, followed by Healthcare.

The Global Composites Piezoelectric Material Market Size was estimated at USD 218.20 million in 2022 and is projected to reach USD 388.74 million by 2029, exhibiting a CAGR of 8.60% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Composites Piezoelectric Material market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Composites Piezoelectric Material Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Composites Piezoelectric Material market in any manner.

Global Composites Piezoelectric Material Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Arkema

UJRC

Solvay

Piezo Kinetics

MSI Tranducers Corp.

CeramTec

Morgan Advanced Materials

Johnson Matthey

Piezo Technologies

Meggitt Sensing

Smart Material Corporation

APC International

Innovia (Shanghai) Materials

Weifang Jude Electronic Co.,Ltd

Market Segmentation (by Type)

1-3 Type

2-2 Type

Market Segmentation (by Application)

Construction & Building

HVAC

Plumbing

Refrigeration

Automotive

Oil & Gas

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Composites Piezoelectric Material Market

Overview of the regional outlook of the Composites Piezoelectric Material Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors