Global Multilayer Ceramic Chip Capacitors (MLCC) Market Insight

The Multilayer Ceramic Chip Capacitors (MLCC) is forecast to crazy increase over the next few years. According to the WK-chem Research “Global Multilayer Ceramic Chip Capacitors (MLCC) Professional Survey Report 2022, Forecast to 2027”, The upgrading of electronic products and the rapid development of 5G will drive the rapid development of the Multilayer Ceramic Chip Capacitors (MLCC) industry. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 11.35% base on WK-chem Research regression analysis model.

Analysts’ Viewpoint：

"What is certain is that the demand for multilayer ceramic chip capacitors has increased in the field of switching power supplies. The main reason is that capacitors can be made in a form that is very suitable for surface mounting. In terms of performance, in some respects, this capacitor is very suitable as a switching power supply, and there is a growing demand as a replacement for traditional electrolytic capacitors." said John, Senior analyst, Chemical & Material Market Research Center in WK-chem Research.

Market insight:

A ceramic capacitor is a fixed-value capacitor where the ceramic material acts as the dielectric. It is constructed of two or more alternating layers of ceramic and a metal layer acting as the electrodes. The composition of the ceramic material defines the electrical behavior and therefore applications. Ceramic capacitors, especially multilayer ceramic capacitors (MLCCs), are the most produced and used capacitors in electronic equipment that incorporate approximately one trillion pieces per year. An MLCC consists of a number of individual capacitors stacked together in parallel and contacted via the terminal surfaces. The starting material for all MLCC chips is a mixture of finely ground granules of paraelectric or ferroelectric raw materials, modified by accurately determined additives. These powdered materials are mixed homogeneously. The composition of the mixture and the size of the powder particles, as small as 10 nm, reflect the manufacturer's expertise. The advent of the Internet of Things (IoT) is generating a plethora of market prospects. Because of their inherent reliability and long service life, high-capacitance MLCCs are a perfect solution for IoT devices. The manufacturers of MLCCs are continuously looking for new ways to push the limitations of MLCC architecture because of the trend toward smaller and lighter electronic goods and components. A thinner dielectric or a larger electrode area each increase the capacitance value, as will a dielectric material of higher permittivity. With the progressive miniaturization of digital electronics in recent decades, the components on the periphery of the integrated logic circuits have been scaled down as well. Shrinking an MLCC involves reducing the dielectric thickness and increasing the number of layers. Both options require huge efforts and are connected with a lot of expertise.

Competition Landscape:

Some of the major players in the Multilayer Ceramic Chip Capacitors (MLCC) market are Murata, Samsung Electro-Mechanics, Taiyo Yuden, Yageo, Walsin, Kyocera (AVX), TDK, Fenghua, Three-Circle, Darfon, Nippon Chemi-Con, Holy Stone, Vishay, Tianli, MARUWA, Johanson Dielectrics, Samwha, NIC Components. In January 2022, Sabae Murata Manufacturing Co., Ltd. (in Sabae, Fukui Prefecture, Japan), a manufacturing subsidiary of Murata, will begin construction on a new research and development building in February 2022 with an investment of USD 55.24 million (for building only). The new R&D building will be used to develop plating technology suitable for making electronic components smaller, thinner, and lighter, as well as the technology required to bring it to mass production.

Segmentation of Multilayer Ceramic Chip Capacitors (MLCC) Market:

Based on type, the global market has been further divided into X7R, X5R, C0G (NP0), Y5V and others. The C0G (NP0) dielectric type is expected to dominate the Multilayer Ceramic Chip Capacitors (MLCC) market during the forecast period. It is expected to grow further at the highest CAGR during 2022 and 2027. Unlike film capacitors, C0G MLCCs do not require special reflow profiles for surface mounting. C0G MLCCs generally have a higher voltage rating for a given capacitance within a given case size. Murata (Japan), Samsung Electro-Mechanics (Korea), TAIYO YUDEN (Japan), and YAGEO (Taiwan) are several other major manufacturers offering C0G dielectric MLCCs. Likewise, KEMET, a subsidiary of Yageo (Taiwan), offers the CBR series of surface mount MLCCs in a C0G dielectric configuration with a durable and extremely stable base metal electrode dielectric system that provides excellent low loss performance (high Q). These devices have very low equivalent series resistance (ESR) and excellent self-resonant characteristics, making them ideal for resonant circuit applications or applications requiring Q (figure of merit) and capacitance stability. C0G (NP0) MLCCs are ideal for a variety of applications including automation equipment, security equipment, smart meters, smart homes, remote power management, inverters, power supplies, cellular base stations, smart/feature phones, laptops, servers, and uninterruptible power supplies Power supply (UPS) devices, chargers and adapters, motherboards, multimedia and white goods.Based on the Application, the market is divided into Consumer Electronics, Automotive, Industrial Applications, Defense & Military, Others. Consumer electronics will maintain its lead over the forecast period. The rapid growth of the global economy mainly comes from the rapid development of developing countries in recent years. The rapid economic development of developing countries has increased the per capita disposable income of citizens, which has pushed people to buy more consumer electronic products. At the same time, the leading consumer electronics manufacturers have made greater efforts in the deployment of the Internet of Things. While sales have increased, they also have a large number of customer groups. Continuous innovation in consumer electronics is also one of the reasons why people are increasing their purchases of consumer electronics. The continuous growth of the consumer electronics industry is expected to drive the growth of the Multilayer Ceramic Chip Capacitors (MLCC) industry.

Multilayer Ceramic Chip Capacitors (MLCC) Market: Regional Analysis

On the basis of Geography, the Multilayer Ceramic Chip Capacitors (MLCC) market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific is expected to hold the largest share of the MLCC market throughout the forecast period. According to OICA, from 2021 to 2022, China alone will produce about 30% of the world's cars. As vehicles transition from internal combustion engines (ICE) to battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs), the number of MLCCs per vehicle in Asia Pacific is also expected to grow at a higher rate. high rate of growth. The commercialization of 5G communication technology has driven the demand for high-performance and high-reliability MLCCs. In the Asia-Pacific region, the second wave of 5G network deployments has begun, with significant 5G-related activity in numerous new markets including India, Indonesia and Malaysia. The number of IoT connections in Asia Pacific is expected to reach 3.5 billion by 2027, which is expected to further fuel the growth of the MLCC market in the region.

Cagr: 11.35%

Largest share area：Asia Pacific

Largest share country：China

Product Type：X7R, X5R, C0G (NP0), Y5V, Others

Application：Consumer Electronics, Automotive, Industrial Applications, Defense & Military, Others

Leading Company：Murata, Samsung Electro-Mechanics, Taiyo Yuden, Yageo,???Walsin