Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 61.48 Billion | USD 89.72 Billion | 4.86% | 2022 |
FrequentlyAsked Questions
Dielectric materials are insulating materials that do not conduct electricity or conduct it very weakly. Dielectric Material is used in a variety of applications, including capacitors, transformers, and high-voltage power lines.
The primary factor projected to drive the dielectric material market is the increasing demand for electronic devices such as smartphones, laptops, and tablets. Dielectric materials are widely used in the manufacture of electronic devices, including capacitors, transistors, and circuit boards. As the demand for these electronic products continues to increase, so does the demand for dielectric materials.
According to the report, the global market size was worth around $ 61.48 billion in 2022 and is predicted to grow to around $ 89.72 billion by 2030.
The global dielectric material markets are expected to grow at a CAGR of 4.86% during the forecast period.
The global dielectric material market growth is expected to be driven by North America owing to its advanced research & development capabilities, robust electronics & telecommunications industries, and a focus on technological innovation.
The global dielectric material market is dominated by players like Kent Displays, LG Display, Precision Materials, Schott AG, Kolon Industries, Honeywell Electronics Materials, Plextronics, BASF, Corning Incorporated, Dupont Display, NEC Display Solutions, Samsung Display Solutions, Samsung Corning, Photonics, Polyera Corporation, Plastic Logic, Merck Performance Materials, Tecnisco, Materion Corporation, and Novaled AG.
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