World Monolithic Ceramics Market to Exhibit Growth at 5.7% CAGR through 2022, Expects Industry Experts in Its Study Available at MarketPublishers.com
18 Apr 2017 • by Natalie Aster
LONDON – Monolithic ceramics captures the largest chunk of the technical ceramics market. Strong demand for monolithic ceramics is observed in the power, automotive, defense, electronics and electrical industries; escalating demand for such electronic devices as mobile phones and laptops has performed as one of the most important drivers for monolithic ceramics demand growth.
APAC with its rapidly-evolving electrical and electronics market has ensured that the region stays at forefront in terms of demand for monolithic ceramics.
The worldwide monolithic ceramics market is predicted to be evaluated at around USD 51.2 billion by the end of the current year. Furthermore, the market value will likely cross USD 67.5 billion by the year 2022, exhibiting growth at a 5.7% CAGR in the coming years.
The electrical and electronics industry is expected to remain the top consumer of monolithic ceramics up to 2022; the demand from this industry is predicted to see a 5.7% CAGR in the years ahead to reach USD 34.7 billion by the year 2022.
Cutting-edge topical report “Monolithic Ceramics – A Global Market Overview” elaborated by Industry Experts gives a clear understanding of the global market landscape as well as presents trustworthy updates statistics. This report contains a detailed analysis of the major market segments, explores the market dynamics and covers the key influencing factors. The study reviews the main demand drivers, discusses the hottest issues as well as identifies top emerging opportunities and challenges. It provides info on the monolithic ceramics market performance for 2014-20222, investigates the current state and historical background of the major regional and country-wide markets.
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