Piezoelectric Smart Materials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global Piezoelectric Smart Material Market is projected to register a CAGR of over 3% during the forecast period (2022-2027).
The COVID-19 outbreak caused nationwide lockdowns around the world, disruption in manufacturing activities and supply chains, and production halts, all of which had a negative impact on the market in 2020. However, conditions began to improve in 2021-2022, which is expected to boost market growth during the forecast period.
Key HighlightsThe Piezoelectric Smart Material market is partially consolidated in nature. Some of the major players in the market include Arkema, APC International, Ltd., CeramTec GmbH, CTS Corporation, and KYOCERA Corporation among others ( not in any particular order).
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