Multilayer Ceramic Capacitor Materials Market is to Touch $37.2 Billion by 2030; rising demand for compact electronic devices and advancements in 5G technology propels market growth.

The Multilayer Ceramic Capacitor Materials Market size is estimated to reach $37.2 billion by 2030, growing at a CAGR of 13.6% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Multilayer Ceramic Capacitor 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, 2024-2030”

Increased adoption of electric vehicles and the growing demand for energy-efficient devices are fueling the growth of the Multilayer Ceramic Capacitor Materials industry during the forecast period.

In 2023, the Asia-Pacific region captured 45% of the global Multilayer Ceramic Capacitor Materials Market, driven by increasing investments in the healthcare sector and rising automotive production. Countries like China, South Korea, and India are witnessing strong demand for multilayer ceramic capacitor materials, primarily fueled by the automotive industry. According to the China Association of Automobile Manufacturers, between January and May 2023, China produced 10.687 million vehicles and sold 10.617 million, marking an 11.1% year-on-year growth. Technological advancements such as electric vehicles, autonomous driving, and connected cars are further boosting the demand for MLCCs. Similarly, India produced 25.9 million vehicles between April 2022 and March 2023, up from 23.0 million units the previous year, according to SIAM. South Korea also recorded robust vehicle production, with 3.75 million units in 2022, as reported by the Ministry of Trade, Industry, and Energy. These trends in automotive production across APAC are expected to drive demand for multilayer ceramic capacitor materials, significantly expanding the market size in the region. 

The growing aging population and innovations in healthcare are boosting demand for multilayer ceramic capacitors in medical devices. These materials are increasingly used in implantable devices like artificial cochleas, stomach stimulators, and wearable devices such as electrocardiograms and blood gas analyzers. According to the International Trade Administration, Mexico’s local medical device production rose from $16.33 billion in 2022 to $17.31 billion in 2023. Similarly, China’s medical device market is projected to grow at a 6.2% CAGR from 2024 to 2030, reaching $38.4 billion by 2025. The increasing need for reliable and miniaturized components in medical equipment is expected to significantly drive the demand for multilayer ceramic capacitor materials over the forecast period.

The electrical and electronics industry is a major consumer of multilayer ceramic capacitor materials, including ferroelectric barium titanate and polyethylene terephthalate film, used in smartphones, laptops, and other electronic devices. These materials are favored for their reliability and cost-effectiveness. As per the Indian Brand Equity Foundation (IBEF), India’s electronics manufacturing sector is forecast to reach $520 billion by 2025, reflecting substantial growth. Additionally, in 2022, the Canadian government launched the Semiconductor Challenge Callout, allocating $150 million to strengthen domestic semiconductor production. These developments in the electrical and electronics sectors are poised to drive demand for multilayer ceramic capacitor materials, supporting the industry's growth throughout the forecast period. 

Key companies profiled in the Multilayer Ceramic Capacitor Materials Market are 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 and others.