The ceramic substrates market size is estimated to be USD 6.5 billion in 2020 and is expected to reach USD 8.7 billion by 2025, at a CAGR of 6.0% during the forecast period. Ceramic substrates are packaging layers used to support various electronic components such as microelectronic circuits, resistors, and capacitors. These substrates can be a combination of glasses, ceramics, and metals and are used in microelectronic, semiconductor, and electrical applications in various end-use industries. According to United States Environmental Protection Agency ceramic substrates is also formed by applying a thick film of ceramic paste on a substrate. Ceramic pastes are used for decorating ceramic tableware and forming capacitors and dielectric layers on rigid substrates for microelectronics. Slurry forming of ceramics generally is accomplished using slip casting, gel casting, or tape casting. Tape casting consists of forming a thin film of ceramic slurry of controlled thickness onto a support surface using a knife edge. Tape casting is usually used to produce thin ceramic sheets or tape, which can be cut and stacked to form multilayer ceramics for capacitors and dielectric insulator substrates.
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The key market players profiled in the report include Kyocera Corporation (Japan), Murata Manufacturing Co. Ltd. (Japan), Coorstek Inc. (US), Ceramtec (Germany), Maruwa Co. Ltd. (Japan), Koa Corporation (Japan), Yokowo Co. Ltd. (Japan), Tong Hsing Electronics Industries (Taiwan), Leatec Fine Ceramics (Taiwan), and Nikko Company (Japan).
Players in the ceramic substrate market are mainly concentrating on new product launches, merger & acquisition, and expansions to meet the growing demand for ceramic substrate for various applications. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.
The growth of the ceramic substrate market has been largely influenced by new product launches that were undertaken between 2016 and 2020. Companies such as Kyocera Corporation, Coorstek Inc. and Ceramtec have adopted new product launches to enhance their market position.
Kyocera (Japan) is one of the major players in the ceramic substrate market. In order to widen their product portfolio, the company has adopted new product launch strategy. For instance, in February 2020, Kyocera introduced a new ceramic material, AH100A Alumina, that provides superior high-voltage electrical insulation performance. It provides faster conditioning time, higher creeping voltage resistance, higher breakdown voltage resistance, unprecedented potential for miniaturization and light weighting. Its applications include scientific instruments, such as SEM and TEM microscopes; mass spectrometers, X-ray, CT and MRI systems; particle accelerators; electron beam positioning; and many other types of high-voltage equipment or components involving power between 5kV and 1MV. Similarly, Murata manufacturing has started mass production of two new multilayer ceramic capacitors for automotive applications—the NFM15HC105D0G3, worlds smallest size(1.0×0.5mm) three-terminal low-ESL multilayer ceramic capacitor, and the NFM18HC106D0G3, three-terminal low-ESL multilayer ceramic capacitor with the worlds highest capacitance of 10µF in 0603 inch size(1.6×0.8mm).
The companies also adopted expansion and acquisition as a strategy to strengthen their market presence. For instance, in May 2019, Aliaxis SA, a manufacturer and distributor of advanced plastic piping systems signed an agreement to divest its Ceramics business consisting of high-performance ceramics and laboratory technology to Kyocera Fine ceramics GmbH. Similarly, in April 2019, Kyocera had announced that it has started construction of a facility on the premises of its Yasu manufacturing complex in Shiga Prefecture, Japan. It aims to develop and produce Kyocera’s own proprietary automated production equipment, enabling the company to strengthen its use of robotics and artificial intelligence (AI) in manufacturing.
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