(MENAFN- EIN Presswire) Market Analysis on Photochromic Material market, Piezoelectric Ceramic market and Polymer-Dispersed Liquid Crystals (PDLCs) market forecasted till 2030

SEATTLE , WASHINGTON, USA, July 12, 2023/einpresswire.com / -- Executive Summary:
The global photochromic material market size was valued to grow from USD 124.00 Million in 2022 to USD 223.80 Million by 2030, at a CAGR of 8.80% during the forecast period. The market is driven by the growing demand for photochromic lenses in eyewear, automotive and construction industries due to their ability to change color in response to light. However, the high cost of raw materials and limited availability of resources may hinder market growth. North America dominates the market due to its high consumption of advanced technologies and presence of major players in the region.

The photochromic material market is growing at an impressive rate, driven by factors such as increasing demand for photochromic eyewear and lenses, rising adoption of photochromic coatings in automotive and architectural applications, and advancements in photochromic technology.

PPG, Tokuyama Corporation, Mitsui Chemicals, Tokyo Chemical Industry, Milliken Chemical, Yamada Chemical, Medvance, QCR Solutions Corp, Vivimed Labs, James Robinson, FX Pigments, Tianjin Uvos Tech Co., Ltd, and Bloclo are some of the prominent players operating in the photochromic material market. some of the above-mentioned companies' sales revenue figures in 2020 are as follows: PPG ($13.8 billion), Mitsui Chemicals ($14.2 billion), Milliken Chemical (over $2.5 billion), Vivimed Labs ($274.7 million), and James Robinson (over $30 million).

Photochromic materials are substances that change their color upon exposure to light of a specific wavelength. These materials are classified into two main types, organic and inorganic photochromic materials. Organic photochromic materials consist of natural or synthetic compounds with molecules that undergo reversible photoisomerization. In contrast, inorganic photochromic materials, such as silver halides and metal oxides, undergo reversible oxidation or reduction reactions.

Photochromic materials are substances that change their color or opacity when exposed to light, and they have various applications. Light control materials are substances with the ability to block or allow light transmission. Photochromic materials are used to create lenses that can automatically darken or lighten depending on the lighting conditions. In sensing applications, they are used in chemical, biological, and moisture sensors. They can also be incorporated into printed or recorded media such as security papers, where the color changes when exposed to ultraviolet light. The fastest-growing application segment in terms of revenue is in smart windows for building automation systems, where the windows can change color, tint, or opacity based on the incoming light, enhancing energy efficiency.

The Asia Pacific region is expected to dominate the photochromic material market in the coming years. This can be attributed to the growing demand for photochromic lenses in countries such as China and India, coupled with the increasing use of photochromic materials in various applications such as automotive glasses, helmets, and smart windows. The market share of the Asia Pacific region is estimated to be around 40-45% by the year 2025.

Apart from this, North America and Europe are also anticipated to witness significant growth in the photochromic material market owing to the increasing awareness about eye protection among people and the growing use of photochromic materials in the medical and healthcare sector. The market share of North America and Europe is expected to be around 25-30% each by 2025.

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Executive Summary
The Piezoelectric Ceramic market research report analyzes the current market conditions and predicts the future growth of the industry. It covers the demand, supply, and pricing trends across different regions, customer segments, and end-users. The report highlights the benefits of piezoelectric ceramics, such as high efficiency and sensitivity and low power consumption, which is driving their adoption in the automotive, aerospace, medical, and consumer electronics sectors. The global piezoelectric ceramic market size is expected to grow from USD 9.20 Billion in 2022 to USD 11.80 Billion by 2030, at a CAGR of 3.70% during the forecast period. The Asia Pacific region is expected to lead the market due to increasing demand for electronic devices and growing investments in automotive and aerospace sectors.

The global piezoelectric ceramic market is highly competitive due to the presence of various established players. The major players operating in the market include MURATA, TDK, MORGAN, Konghong Corporation, TAIYO YUDEN, KYOCERA, CeramTec GmbH, Exelis, Noliac, TRS, KEPO Electronics, APC International, Smart Material, Jiakang Electronics, SensorTech, Meggitt Sensing, Sparkler Ceramics, Johnson Matthey, PI Ceramic, Datong Electronic, Honghua Electronic, Audiowell, Risun Electronic, PANT, and Yuhai Electronic Ceramic.

These companies use piezoelectric ceramics in various electronic components and devices such as sensors, transducers, actuators, power generators, and filters. The piezoelectric ceramic materials are used in automotive, aerospace, medical, consumer electronics, and military applications.

In terms of revenue, MURATA had sales revenue of around $13.4 billion in 2020, while TDK Corporation had sales revenue of around $12.6 billion in the same year. KYOCERA had sales revenue of around $13.2 billion in 2020, and CeramTec GmbH had sales revenue of around $750 million in the same year.

Piezoelectric ceramics are a class of materials that exhibit an electric charge when subjected to mechanical stress and vice versa. The most common piezoelectric ceramic materials are Lead Zinc Titanates (PZT), Lead Titanate (PT), and Lead Magnesium Niobate (PMN), among others. PZT, a solid solution of lead titanate and lead zirconate, is widely used due to its high piezoelectric coefficients and good mechanical properties. PT exhibits high coercive field strength and has applications in transducers, ultrasonic devices, sensors, and actuators. PMN shows excellent piezoelectric properties and high electromechanical coupling coefficients and is used in medical imaging, sonar systems, and industrial sensing.

Piezoelectric ceramic is widely used in various industries and applications due to its unique properties. In the industrial and manufacturing sector, it is used for sensing, monitoring, and precision positioning, while in the automotive industry, it is utilized for airbag sensors, fuel injection systems, and exhaust gas analysis. In the information and telecommunication industry, piezoelectric ceramic is used in vibration sensors, inkjet printers, and ultrasonic cleaning. It's also extensively used in medical devices such as ultrasonic imaging systems and surgical instruments.

Asia Pacific is expected to dominate the Piezoelectric Ceramic market with a market share of over 50% during the forecast period. This can be attributed to the presence of major players in the region, particularly in China and Japan. North America and Europe are also expected to witness significant growth in the market, owing to the increasing demand for piezoelectric ceramics in various end-use industries such as automotive, aerospace, and healthcare. The expected market share for North America and Europe is around 20-25% and 15-20%, respectively. Other regions such as Latin America and Middle East & Africa are expected to witness moderate growth in the market. However, the market share for these regions is expected to be relatively low at around 5-10%.

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Executive Summary
The Polymer-Dispersed Liquid Crystals (PDLCs) market research report indicates that the market is expected to grow at a CAGR of 8.60% during the forecast period (2023-2030). PDLCs are used in various applications including smart windows, electronic displays, and automotive sunroofs. The rise in demand for energy-efficient solutions, coupled with the increasing adoption of smart technology in various industries, is driving the growth of the market. The Asia Pacific region dominates the PDLCs market due to the growing construction and automotive industries. The global PDLCs market size is estimated to USD 161.40 Million by 2030.

The Polymer-Dispersed Liquid Crystals (PDLCs) market is highly competitive, with several established players holding significant market shares. Some of the leading players in the Polymer-Dispersed Liquid Crystals (PDLCs) market include DMDisplay, IRISFILM, Smart Films International, Unite Glass, Inno Glass, Toppan Printing, Singyes New Materials, Benq Materials, Times Zhiguang, Huake-Tek, Jiangxi Kewei, Guangzhou T-Photon Technology, Chiefway, Magic-film, and Guangzhou Huichi.

These companies provide a range of PDLC-based products, including smart windows, projection screens, and signage displays. PDLCs are used in several applications, such as automotive, building & construction, electronics, and healthcare.

Polymer-Dispersed Liquid Crystals (PDLCs) are composite materials that consist of liquid crystal droplets dispersed in a polymeric matrix. There are three main types of PDLCs: scattering PDLCs, Nano-PDLCs, and polymer network liquid crystals. Scattering PDLCs contain randomly oriented liquid crystal droplets in a polymeric matrix that can switch between transparent and opaque states. Nano-PDLCs are made by adding nanoscale particles to the matrix, resulting in a higher contrast ratio and faster response time. Polymer network liquid crystals have a well-defined network of polymers that control the orientation of the liquid crystal droplets, leading to a sharper transition from transparent to opaque.

Polymer-Dispersed Liquid Crystals (PDLCs) have found widespread applications in building materials, transportation, and display industry. In the building industry, PDLCs are used to make switchable windows that can alter their degree of transparency with the flick of a switch. In the transportation industry, they are used to make smart glass windows that can reduce glare and increase privacy. In the display industry, PDLCs are used to make flexible displays and smart mirrors.

The fastest growing application segment in terms of revenue for PDLCs is the display industry. The increasing demand for flexible displays in smartphones, smartwatches, and other electronic devices is driving the growth of this market.

The Polymer-Dispersed Liquid Crystals (PDLCs) market is expected to witness significant growth across several regions globally. North America and Europe are expected to dominate the Polymer-Dispersed Liquid Crystals (PDLCs) market due to the growing demand for advanced technology and the increasing use of smart glass in the construction and automotive industries. The PDLCs market in Asia-Pacific is expected to witness substantial growth in the coming years due to increasing industrialization and urbanization in countries such as China and India.

As per the market analysis, North America and Europe are expected to hold a significant market share of the PDLCs market, accounting for more than 60% of the global market. Asia-Pacific is anticipated to be the fastest-growing market for PDLCs, with a CAGR of more than 8.60% during the forecast period.

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Mohit Patil
Prime PR Wire
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