Advanced Lead-Free Piezoelectric Materials Market Size was valued at USD 121.4 million in 2022. The Advanced Lead-Free Piezoelectric Materials market industry is projected to grow USD 549.560910036351 million by 2032, exhibiting a compound annual growth rate (CAGR) of 16.30% the forecast period (2023 - 2032). The increasing demand for eco-friendly and sustainable technologies and the growing use of advanced piezoelectric materials in various applications, such as sensors and energy harvesting, are the key market drivers fueling the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for Advanced Lead-Free Piezoelectric Materials is being driven by the increasing global concern for environmental sustainability and the stringent regulations governing the use of hazardous materials. Traditional piezoelectric materials often contain lead, which is toxic and harmful to the environment and human health. In response to these concerns, there has been a concerted effort to develop lead-free alternatives. This has spurred research and innovation in the field, leading to the emergence of advanced lead-free piezoelectric materials.
Furthermore, another critical driver of the advanced lead-free piezoelectric materials market is the growing array of applications in which these materials can be used. Piezoelectric materials convert mechanical energy into electrical energy, and their lead-free variants have found applications in numerous industries, including electronics, automotive, aerospace, and energy harvesting. These materials are used in sensors, actuators, and energy harvesting devices, among others.
Technological advancements and ongoing research have also led to significant improvements in the performance and properties of advanced lead-free piezoelectric materials. Researchers have been able to enhance their piezoelectric coefficients, allowing for greater energy conversion efficiency. These materials are being engineered to have higher Curie temperatures, which is crucial for their performance in a wide range of operating conditions.
According to the United Nations Environment Programme (UNEP), lead is considered one of the ten chemicals of major public health concern, and its exposure can lead to severe health problems. This has led to numerous countries imposing strict regulations on lead-containing materials. Research published in the journal "Advanced Materials" highlights advancements in lead-free piezoelectric materials, where scientists have achieved piezoelectric coefficients exceeding 600 pm/V, which is a significant improvement over previous materials. As a result, this advancement and regulation are anticipated to drive the Advanced Lead-Free Piezoelectric Materials market revenue.
The Advanced Lead-Free Piezoelectric Materials Market segmentation, based on Type includes Ceramics, Composites, and Other. The ceramics segment dominated the market, accounting for more than half of market revenue. They offer exceptional piezoelectric properties, including high piezoelectric coefficients, making them suitable for a wide range of applications. Ceramics are extensively used in consumer electronics, automotive sensors, and industrial applications due to their efficiency in converting mechanical vibrations into electrical energy.
The Advanced Lead-Free Piezoelectric Materials Market segmentation, is based on Automotive Industry, Consumer Electronics, Medical, and Others. The consumer electronics segment dominated the market, accounting for more than one-third of market revenue. This is attributed to huge application of lead-free piezoelectric materials in touchscreens, haptic feedback systems, and acoustic sensors in devices like smartphones, tablets, and wearables.
Figure 1: Advanced Lead-Free Piezoelectric Materials Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Advanced Lead-Free Piezoelectric Materials market area will dominate this market. The region is at the forefront of technological advancements and innovations in piezoelectric materials, which contributes to its dominance. Additionally, the market demand for lead-free materials is driven by strict environmental regulations and consumer preferences for sustainable products.
Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Advanced Lead-Free Piezoelectric Materials Market SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Advanced Lead-Free Piezoelectric Materials market accounts for the second-largest market. European countries have a history of prioritizing environmental sustainability and adopting stringent regulations related to hazardous materials, including lead. This regulatory environment has accelerated the development and adoption of lead-free piezoelectric materials in various industries. Further, the German Advanced Lead-Free Piezoelectric Materials market held the largest market share, and the UK Advanced Lead-Free Piezoelectric Materials market was the fastest-growing market in the European region
The Asia-Pacific Advanced Lead-Free Piezoelectric Materials Market is expected to grow at the fastest CAGR from 2023 to 2032. This region is a major hub for the production of consumer electronics and automotive components, both of which extensively use piezoelectric materials. Moreover, the region's investment in research and development, combined with its large consumer base, has led to increased demand for these materials. Moreover, China’s Advanced Lead-Free Piezoelectric Materials market held the largest market share, and the Indian Advanced Lead-Free Piezoelectric Materials market was the fastest growing market in the Asia-Pacific region.
Leading market players are focusing on diversifying their product portfolios to cater to a wider range of applications. They offer a variety of lead-free piezoelectric materials, including ceramics, composites, polymers, and more. A diversified portfolio allows companies to capture a larger market share by addressing the needs of different industries and applications. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, cost optimization, competitive pricing, contractual agreements, mergers and acquisitions, higher investments, and collaboration with research institutions and other organizations. To expand and survive in a more competitive and rising market climate, Advanced Lead-Free Piezoelectric Materials industry must offer exceptional customer support and service.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Advanced Lead-Free Piezoelectric Materials industry to benefit clients and increase the market Share. In recent years, the Advanced Lead-Free Piezoelectric Materials industry has emphasized sustainability in production processes and supply chains. Major players in the weight loss products market, including Kyocera, Sumitomo Chemical, PI Ceramic GmbH, Yuhai Electronic Ceramic, and others, are attempting to increase market demand by investing in product development to increase their product line and cater to diverse consumer needs.
Kyocera, founded in 1959, is a global technology company that has established itself as a leader in various sectors, driven by its unwavering belief in the transformative power of engineering and technology. The company's diverse product portfolio spans fine ceramics, semiconductor components, and electronic devices, extending to cutting-edge fields like AI, IoT systems, and document solutions. Kyocera's business operations encompass a wide array of innovative solutions and products, with a strong emphasis on sustainability, innovation, and global collaboration. This comprehensive approach positions Kyocera as a forward-thinking technology company that continuously seeks to push the boundaries of what is possible, with the ultimate aim of fostering progress and positive impact in the world. In September 2023, the company announced the introduction of a new standard range of 230V silicon nitride (SN) igniters for gas stoves, boilers, water heaters, and industrial or domestic gas furnaces. Utilizing silicon nitride, the product offers remarkable endurance and incredibly stable, dependable igniting performance.
Founded in 1913, Sumitomo Chemical originated from the Sumitomo Fertilizer Manufactory, established with the dual purpose of addressing air pollution stemming from Sumitomo's copper smelting activities at the Besshi Copper Mine (now Niihama, Ehime Prefecture, Japan) and simultaneously improving agricultural production. This history underscores the company's commitment to environmental responsibility and societal advancement. Sumitomo Chemical has upheld the "Sumitomo Spirit," a testament to its dedication to earning society's trust and adhering to the principle that "Our business must benefit society at large, not just our own interests." These enduring values have been faithfully passed down through generations since the company's inception. In December 2023, Sumitomo Chemical announced the establishment of an advanced pilot facility dedicated to the chemical recycling of acrylic resin, specifically polymethyl methacrylate (PMMA). Located within its Ehime Works, situated in Niihama City, Ehime Prefecture, Japan, this facility marks a significant milestone in the company's commitment to sustainability and circular economy initiatives.
Sumitomo Chemical
Yuhai Electronic Ceramic
February 2021: CTS Corporation in collaboration with a strategic partner, Entekno Materials obtained funding from Eurostars to create "Environmentally Friendly Lead-Free Piezoelectric Ceramic Material." The Eurostars programme and CTS's innovation platform first enabled the co-development of a class of lead-free piezoelectric ceramics that might potentially be a drop-in replacement for current lead-based systems.
May 2021: The Swiss company Kistler Group expanded its range of intelligent auxiliary devices to guarantee accurate and safe placement of piezoelectric sensors in any measurement system. Proper positioning and signal transmission of sensors are guaranteed by connector extenders, adapters, and particular reamers.
Ceramics
Composites
Other
Automotive Industry
Consumer Electronics
Medical
Others
North America
Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 121.4 million |
| Market Size 2032 | USD 549.560910036351 million |
| Compound Annual Growth Rate (CAGR) | 16.30%ย (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Kyocera, Sumitomo Chemical, PI Ceramic GmbH, Yuhai Electronic Ceramic, and others |
| Key Market Opportunities | Increasing environmental concerns and regulations is fueling the market growth of Advanced Lead-Free Piezoelectric Materials |
| Key Market Dynamics | Growing array of applications in industries such as electronics, automotive, aerospace, and energy harvesting is driving market growth |
Advanced Lead-Free Piezoelectric Materials Market Highlights:
Frequently Asked Questions (FAQ) :
The Advanced Lead-Free Piezoelectric Materials Market size was valued at USD 121.4 million in 2022.
The global market is projected to grow at a CAGR of 16.30 during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Kyocera, Sumitomo Chemical, PI Ceramic GmbH, Yuhai Electronic Ceramic, and others.
The Ceramics category dominated the market in 2022.
The Consumer Electronics had the largest share in the global market.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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