MLCC Dielectric Materials Market Size Worth $37.2 Billion By 2030: IndustryARC

Global MLCC Dielectric Materials Market size is predicted to reach $37.2 billion by 2030, growing at a CAGR of 13.6 % during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Escalating Construction Sectoris poised to propel the market growth, finds IndustryARC in its recent report, titled “MLCC Dielectric Materials Market – By Type (General Capacitor, Array, Serial Construction and Mega Cap.), By Dielectric Type (Class I (C0G, X8G, U2J) and Class II (X7R, X5R, Y5V, X7S)), By Rated Voltage Range(Low Range, Mid-Range and High-Range and Others), By End-Use Industry (Electrical & Electronics, Medical & Healthcare, Automotive (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicle), Industrial, Telecommunication and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”

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Europe to Register Highest Growth:

Europe commands a significant share of the MLCC market, driven by robust demand in electronics equipment and systems. This demand is largely fueled by the region’s strong industrial base, with a notable emphasis on the automotive sector. Germany, in particular, stands out for its advanced automotive technologies and has ambitious plans to expand its charging station infrastructure, further bolstering its position in the MLCC market.

MLCC Dielectric Materials Market 2024-2030: Scope of the Report

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MLCC Dielectric Materials Market Report – Key Takeaways:

• The class I segment held the largest share in the MLCC Dielectric Materials market

In 2023, the Class I segment dominated the MLCC Dielectric Materials market, securing the largest share and is projected to grow at a robust CAGR of 13.2% during the forecast period of 2024-2030. Class I dielectric materials are highly sought after for high-rated voltage applications due to their capability to withstand voltages of 1000 V and above, with TDK being a notable provider of such materials. The Class I C0G characteristics are particularly effective in managing voltages up to 1000 V. These materials are known for their stability, offering predictable and linear capacitance changes with temperature variations, negligible aging impact, and minimal capacitance shifts with voltage changes. This stability and reliability make Class I dielectric materials a preferred choice, driving significant growth in this market segment.

• The automotive industry segment held the largest share in the MLCC Dielectric Materials market

In 2023, the automotive industry held a significant share of the MLCC Dielectric Materials market and is projected to expand at a CAGR of 13.7% from 2024 to 2030. Key MLCC Dielectric Materials, such as ferroelectric barium titanate and polyethylene terephthalate film, are integral to automotive power, comfort, safety, and entertainment systems. The increasing sophistication of vehicles, including the rise of electric vehicles, is driving up the demand for these materials due to their high-temperature ratings, compact size, and ease of surface mounting. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), motor vehicle production in the USA increased from 9,157,205 units in 2021 to 10,060,339 units in 2022, while Austria saw a decline from 136,700 units to 107,500 units in the same period. This growth in vehicle production is anticipated to boost the need for MLCC Dielectric Materials, fueling market expansion in the automotive sector in the years ahead.

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Key Opportunity Analysis:

Expansion in Electric Vehicles (EVs)

The rapid growth of the electric vehicle market presents a significant opportunity for MLCC dielectric materials. These materials are essential in EVs due to their high-temperature stability, compact size, and efficient surface-mount capabilities. As EV adoption increases, driven by advancements in battery technology and government incentives, the demand for MLCC dielectric materials in EV electronics and subsystems is expected to rise substantially, offering substantial growth prospects for market players.

Advancements in Consumer Electronics

The continuous evolution of consumer electronics, including smartphones, tablets, and wearable devices, creates new opportunities for MLCC dielectric materials. These materials are crucial for improving the performance and miniaturization of electronic components. As consumer electronics become more advanced and compact, the need for high-performance MLCC dielectric materials will grow, driving innovation and market expansion.

Growth in Industrial Automation

The industrial automation sector is experiencing significant growth, driven by the integration of advanced technologies such as IoT, robotics, and smart sensors. MLCC dielectric materials play a vital role in ensuring the reliability and performance of electronic components used in industrial automation systems. As industries seek to enhance operational efficiency and adopt smart manufacturing solutions, the demand for MLCC dielectric materials is expected to increase, creating lucrative opportunities for market growth.

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The report also covers the following areas:

• MLCC Dielectric Materials Market Size and Forecast
• MLCC Dielectric Materials Market Trends
• MLCC Dielectric Materials Market Analysis by Product Type

MLCC Dielectric Materials Market 2024-2030: Key Highlights

• CAGR of the market during the forecast period 2024-2030
• Value Chain Analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• MLCC Dielectric Materials Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the MLCC Dielectric Materials Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic significantly affected the MLCC Dielectric Materials market by disrupting global supply chains, causing production delays, and leading to shortages of raw materials. Lockdowns and travel restrictions impacted manufacturing facilities and logistics, resulting in decreased production capacities and delays in the delivery of components. Additionally, the automotive industry, a major consumer of MLCC Dielectric Materials, faced reduced demand due to economic uncertainty and lower consumer spending on vehicles. However, as the global economy began to recover, the market saw a resurgence in demand driven by the automotive sector’s rebound and increased adoption of electronics in various industries. The pandemic highlighted the need for more resilient supply chains and accelerated the shift towards digital and automotive technologies, which continues to influence market dynamics.

• The ongoing Ukrainian crisis has further complicated the MLCC Dielectric Materials market by intensifying geopolitical uncertainties and disrupting regional supply chains. Ukraine is a key supplier of certain raw materials and components used in the production of MLCC Dielectric Materials. The conflict has led to shortages, increased costs, and delays in the procurement of these essential materials. Furthermore, the instability in Eastern Europe has affected global trade routes and logistics, compounding the challenges for manufacturers reliant on these regions. The crisis has also contributed to fluctuations in energy prices, impacting production costs. As a result, companies are seeking alternative supply sources and exploring strategies to mitigate risks associated with geopolitical tensions. The situation underscores the need for diversified supply chains and strategic planning to navigate such global disruptions.

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List of Key Market Players in the MLCC Dielectric Materials Market:

The Global MLCC Dielectric Materials Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Darfon Electronics Corp.
• Kemet Corporation
• Kyocera Corporation (AVX Corporation)
• Murata Manufacturing Co. Ltd.
• Samsung Electro-Mechanics Co. Ltd.
• Taiyo Yuden Co. Ltd.
• TDK Corporation
• Vishay Intertechnology Inc.
• Walsin Technology Corporation
• Yageo Corporation

Related Reports:

Automotive Multilayer Ceramic Capacitor Market: With the increasing adoption of safety systems such as ADAS, airbags, and electronic stability controls in vehicles, there is a greater need for reliable and durable MLCCs.  

Advanced Ceramics Market: The significant increase in demand for alumina owing to its superior electrical and mechanical properties is expected to provide a significant growth opportunity to increase the Advanced Ceramics market size in coming years.

Fireproof Ceramics Market: Increasing consumption of multilayer ceramic capacitors because they are used in various circuits for noise removal and smoothing of power supply voltages, which is likely to aid the growth of the fireproof ceramics market.

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