Piezoelectric Materials Market Research Report 2024
Piezoelectric Materials Market Global Industry Analysis And Forecast (2024- 2032) By Product (Ceramics, Polymers, Composites), Application (Actuators, Sensors, Motors), End-use (Automotive, Healthcare, Information & Telecom, Consumer Goods, Aerospace & Defense, Others)And Region
Global Piezoelectric Materials Market Synopsis
The Global Piezoelectric Materials Market was worth USD 1454.01 Million in 2023. As such, the forecast is that the market is expected to reach USD 2205.87 Million by 2032 with a CAGR of 4.74% from 2024 to 2032.
Piezoelectric materials are substances that generate an electric charge in response to applied mechanical stress. This property, known as the piezoelectric effect, allows these materials to convert mechanical energy into electrical energy and vice versa. Piezoelectric materials are used in a variety of applications, including sensors, actuators, and transducers, due to their ability to provide precise measurements and control.
The piezoelectric materials market has experienced significant growth due to the increasing demand for advanced electronics and precision devices across various sectors. Piezoelectric materials are integral in converting mechanical energy into electrical energy and vice versa, which has led to their widespread use in applications ranging from consumer electronics to automotive and aerospace industries. The market is characterized by ongoing technological advancements and increasing adoption of innovative applications. The demand for piezoelectric materials is propelled by their utility in sensors, actuators, and transducers, where high precision and reliability are crucial. These materials are pivotal in enhancing the performance of devices such as smartphones, medical imaging equipment, and automotive sensors. The growing focus on miniaturization and smart technologies further fuels the demand for piezoelectric materials.
Top Key Players Involved Are:
"PI (Physik Instrumente) (Germany), CTS Corporation (USA), Murata Manufacturing Co., Ltd. (Japan), Kyocera Corporation (Japan), Texas Instruments Inc. (USA), Thorlabs, Inc. (USA), Epson Precision (Japan), Huawei Technologies Co., Ltd. (China), Piezomechanik GmbH (Germany), Noliac A/S (Denmark), Toshiba Corporation (Japan), Sony Corporation (Japan), Kistler Group (Switzerland), Ritec (USA), Advanced Ceramics Manufacturing (USA), Samsung Electronics Co., Ltd. (South Korea), General Electric (USA), Johnson Matthey (UK), Meggitt PLC (UK), Asahi Kasei Corporation (Japan), Piezo Systems, Inc. (USA), Piezoelectric Products, Inc. (USA), Piezo.com (USA), Smart Material Corporation (USA), Sensing Systems (USA), and Other Active Players."
Global Piezoelectric Materials Market Trend Analysis
Development of Lead-Free Piezoceramics to Stimulate Technological Advancements:
- Lead zirconate titanate (PZT) has been the predominant piezoceramic material due to its excellent piezoelectric properties. However, the presence of lead in PZT brings it under stringent regulations like the EU’s Restriction of Hazardous Substances (RoHS) Directive 2002/95/EC, limiting its use. This regulatory pressure has spurred significant research into lead-free alternatives.
- The development of lead-free piezoceramics is a major area of focus, encompassing three primary compositional families: titanate-based ceramics, alkaline niobate perovskite-based ceramics, and bismuth perovskite-based ceramics. Each family offers different advantages in terms of piezoelectric properties and environmental safety.
- In addition to these ceramic options, researchers are also exploring piezoelectric polymers as viable alternatives. Polyvinylidene fluoride (PVDF) and polysulfone are two such polymers under investigation. These materials show promise in meeting piezoelectric needs while being compliant with environmental regulations.
- As lead is highly toxic, ongoing research into replacing lead-based ceramics with safer alternatives is anticipated to accelerate. This shift is expected to drive significant changes in the market, fostering growth and broadening the scope of piezoelectric materials. The move towards lead-free piezoceramics and polymers aligns with regulatory requirements and growing environmental and health concerns, potentially reshaping the piezoelectric materials industry shortly.
Growing Adoption of Automation Across Various End-Use Industries Creates an Opportunity for the Global Piezoelectric Materials Market
- Lead zirconate titanate (PZT) has been the predominant piezoceramic material due to its excellent piezoelectric properties. The presence of lead in PZT brings it under stringent regulations like the EU’s Restriction of Hazardous Substances (RoHS) Directive 2002/95/EC, limiting its use. This regulatory pressure has spurred significant research into lead-free alternatives.
- The development of lead-free piezoceramics is a major area of focus, encompassing three primary compositional families: titanate-based ceramics, alkaline niobate perovskite-based ceramics, and bismuth perovskite-based ceramics. Each family offers different advantages in terms of piezoelectric properties and environmental safety.
- In addition to these ceramic options, researchers are also exploring piezoelectric polymers as viable alternatives. Polyvinylidene fluoride (PVDF) and polysulfone are two such polymers under investigation. These materials show promise in meeting piezoelectric needs while being compliant with environmental regulations.
- As lead is highly toxic, ongoing research into replacing lead-based ceramics with safer alternatives is anticipated to accelerate. This shift is expected to drive significant changes in the market, fostering growth and broadening the scope of piezoelectric materials. The move towards lead-free piezoceramics and polymers aligns with regulatory requirements and growing environmental and health concerns, potentially reshaping the piezoelectric materials industry soon.
Global Piezoelectric Materials Market Segment Analysis:
The Global Piezoelectric Materials Market is Segmented into Product, Application, End-use, and Region.
By Product, the Ceramics segment is expected to dominate the market during the forecast period.
- The ceramic piezoelectric materials segment is driven by several key factors, including the rising incidence of cardiovascular, orthopedic, and dental diseases, alongside the growing elderly population. These materials play a critical role in various medical applications, such as sensors and actuators, which are crucial for diagnostics and treatment in these medical fields. Additionally, the expanding automotive and electronics industries significantly contribute to the demand for ceramic piezoelectric materials. This surge is largely due to the versatility and adaptability of these materials in different applications.
- Ceramic piezoelectric materials are valued for their ability to convert mechanical stress into electrical energy and vice versa, which is beneficial for a range of electronic and automotive components. For example, ceramics doped with niobium produce soft-PZT (lead zirconate titanate), which is known for its high sensitivity and is used in applications requiring precise measurements. On the other hand, ceramics doped with iron create hard PZT, which is characterized by its high dielectric constant and is utilized in devices that require strong piezoelectric effects.
- The ability of these materials to be tailored to specific applications, depending on their doping elements, enhances their performance and broadens their use across various sectors. This adaptability, combined with increasing demand from the medical, automotive, and electronics industries, fuels the growth of the ceramic piezoelectric materials segment.
By End-use, the Automotive segment held the largest share in 2023.
- The expansion of automobile manufacturing, particularly in emerging economies like China and India, is significantly driving the demand for piezoelectric materials in the automotive sector. This growth is fueled by a rising population and increasing disposable incomes in these developing regions, which have spurred a heightened demand for automobiles. As more consumers seek vehicles, the automotive industry is expanding to meet this need.
- The surge in electric vehicle production is further amplifying this demand. Electric vehicles (EVs) are becoming increasingly popular, prompting manufacturers to scale up production. This trend is expected to boost the consumption of piezoelectric materials, which are crucial for various automotive applications. Piezoelectric materials are essential for enhancing vehicle performance and efficiency, contributing to the adoption of advanced technologies in the automotive industry.
- The combination of these factors growing automotive manufacturing, increased consumer purchasing power, and the rise of electric vehicles is set to drive significant growth in the piezoelectric materials market. As the automotive sector continues to expand, the need for these materials will likely rise, reflecting broader trends in both consumer behavior and technological advancement. This growth trajectory underscores the pivotal role of piezoelectric materials in supporting the evolution of modern transportation solutions.
Global Piezoelectric Materials Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- The electronics industry’s strong presence in Taiwan, China, South Korea, India, and Japan is expected to be a significant driver for the growth of conductive polymers. The expanding market for consumer electronics, particularly smartphones and tablets, in South Asia and ASEAN countries is bolstered by new product launches from major brands like Apple, Samsung, LG, and Huawei. This trend is anticipated to create new opportunities for conductive polymers, which are crucial in the manufacturing of advanced electronic components.
- In Asia Pacific, China has emerged as the leading market for piezoelectric materials, capturing a substantial share of revenue. This dominance is supported by regulatory measures that promote power generation from renewable sources, such as solar and wind energy. China’s push towards these green energy solutions is likely to drive increased demand for piezoelectric materials, which are essential for energy storage systems. The country’s commitment to accelerating the development of sustainable energy infrastructure is poised to further boost the market for piezoelectric materials, highlighting China’s pivotal role in the region's energy transition and material innovation sectors.
Global Piezoelectric Materials Market Top Key Players:
- PI (Physik Instrumente) (Germany)
- CTS Corporation (USA)
- Murata Manufacturing Co., Ltd. (Japan)
- Kyocera Corporation (Japan)
- Texas Instruments Inc. (USA)
- Thorlabs, Inc. (USA)
- Epson Precision (Japan)
- Huawei Technologies Co., Ltd. (China)
- Piezomechanik GmbH (Germany)
- Noliac A/S (Denmark)
- Toshiba Corporation (Japan)
- Sony Corporation (Japan)
- Kistler Group (Switzerland)
- Ritec (USA)
- Advanced Ceramics Manufacturing (USA)
- Samsung Electronics Co., Ltd. (South Korea)
- General Electric (USA)
- Johnson Matthey (UK)
- Meggitt PLC (UK)
- Asahi Kasei Corporation (Japan)
- Piezo Systems, Inc. (USA)
- Piezoelectric Products, Inc. (USA)
- com (USA)
- Smart Material Corporation (USA)
- Sensing Systems (USA), and Other Active Players.
Key Industry Development:
- In April 2023, A research group at KAIST, under the leadership of Professor Keon Jae Lee from the Department of Materials Science and Engineering, in collaboration with the College of Medicine at the Catholic University of Korea, successfully created an exceptionally sensitive wearable blood pressure sensor based on piezoelectric technology.
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Global Piezoelectric Materials Market |
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Base Year: |
2023 |
Forecast Period: |
2024- 2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1454.01 Mn. |
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Forecast Period 2024-32 CAGR: |
4.74% |
Market Size in 2032: |
USD 2205.87 Mn. |
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Segments Covered: |
By Product |
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By Application |
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By End-use |
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By Region |
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Key Market Restraints: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Piezoelectric Materials Market by Product
4.1 Piezoelectric Materials Market Snapshot and Growth Engine
4.2 Piezoelectric Materials Market Overview
4.3 Ceramics
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in
Frequently Asked Questions
What would be the forecast period in the Global Piezoelectric Materials Market research report?
The forecast period in the Global Piezoelectric Materials Market research report is 2024- 2032.
Who are the key players in the Global Piezoelectric Materials Market?
PI (Physik Instrumente) (Germany), CTS Corporation (USA), Murata Manufacturing Co., Ltd. (Japan), Kyocera Corporation (Japan), Texas Instruments Inc. (USA), Thorlabs, Inc. (USA), Epson Precision (Japan), Huawei Technologies Co., Ltd. (China), Piezomechanik GmbH (Germany), Noliac A/S (Denmark), Toshiba Corporation (Japan), Sony Corporation (Japan), Kistler Group (Switzerland), Ritec (USA), Advanced Ceramics Manufacturing (USA), Samsung Electronics Co., Ltd. (South Korea), General Electric (USA), Johnson Matthey (UK), Meggitt PLC (UK), Asahi Kasei Corporation (Japan), Piezo Systems, Inc. (USA), Piezoelectric Products, Inc. (USA), Piezo.com (USA), Smart Material Corporation (USA), Sensing Systems (USA), and Other Active Players.
What are the segments of the Global Piezoelectric Materials Market?
The Piezoelectric Materials Market is Segmented into Product, Application, End-use, and Region. Product the market is categorized into (Ceramics, Polymers, Composites), Application the market is categorized into (Actuators, Sensors, Motors), End-use the market is categorized into (Automotive, Healthcare, Information & Telecom, Consumer Goods, Aerospace & Defense, Others). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Global Piezoelectric Materials Market?
Piezoelectric materials are substances that generate an electric charge in response to applied mechanical stress. This property, known as the piezoelectric effect, allows these materials to convert mechanical energy into electrical energy and vice versa. Piezoelectric materials are used in a variety of applications, including sensors, actuators, and transducers, due to their ability to provide precise measurements and control.
How big is the Global Piezoelectric Materials Market?
The Global Piezoelectric Materials Market was worth USD 1454.01 Million in 2023. As such, the forecast is that the market is expected to reach USD 2205.87 Million by 2032 with a CAGR of 4.74% from 2024 to 2032.
