Latin America Piezoelectric Materials Market Size & Outlook
Latin America piezoelectric materials market, 2018-2030 (US$M)
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Latin America piezoelectric materials market highlights
- The Latin America piezoelectric materials market generated a revenue of USD 95.8 million in 2022.
- The market is expected to grow at a CAGR of 2.7% from 2023 to 2030.
- In terms of segment, ceramics was the largest revenue generating product in 2022.
- Composites is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 95.8 million |
| Market revenue in 2030 | USD 118.5 million |
| Growth rate | 2.7% (CAGR from 2022 to 2030) |
| Largest segment | Ceramics |
| Fastest growing segment | Composites |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramics, Polymers, Composites |
| Key market players worldwide | L3Harris Technologies Inc, CTS Corp, Albemarle Corp, PI Ceramic, APC International, Piezosystem Jena, Sparkler Ceramics, Noliac Systems SRO, Mad City Labs |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.9% of the global piezoelectric materials market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 909.3 million by 2030.
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Piezoelectric Materials Market Scope
Piezoelectric Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America piezoelectric materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to piezoelectric materials market will help companies and investors design strategic landscapes.
Ceramics was the largest segment with a revenue share of 62.42% in 2022. Horizon Databook has segmented the Latin America piezoelectric materials market based on ceramics, polymers, composites covering the revenue growth of each sub-segment from 2018 to 2030.
. The flourishing aerospace & defense industry in Brazil, Argentina, and Colombia is expected to generate high demand for piezoelectric materials.
Additionally, increasing investments in the automotive industry in the region are also anticipated to fuel the demand for these materials in Central & South America in the coming years.
The leading car manufacturers such as General Motors, Volkswagen, and Groupe PSA announced expansions of their existing manufacturing facilities to increase their production to cater to the growing demand for vehicles in the region.
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Our clientele includes a mix of piezoelectric materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America piezoelectric materials market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America piezoelectric materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America piezoelectric materials market size, by country, 2018-2030 (US$M)
Latin America Piezoelectric Materials Market Outlook Share, 2022 & 2030 (US$M)
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