Piezoelectric Materials Market Hits USD 1.68 Billion By 2025: BY Grand View Research, Inc.
The global piezoelectric materials market is expected to reach USD 1.68 billion by 2025, according to a new report by Grand View Research, Inc. Rising sales of consumer electronics including LED televisions in developing countries including China, Thailand, and India as a result of product innovation is expected to play a significant role in increasing the requirement of sensors, which in turn will augment industry growth. Piezopolymers are projected to witness growth at a CAGR of 4% from 2016 to 2025. Rising importance of polyvinylidene fluoride (PVDF) as an electroactive polymer material with low piezoelectric coefficient as compared to ceramic counterparts is expected to increase its demand in hydrophones, clamp-on transducers and pressure-based sensors for diesel injection lines. Browse full research report on Piezoelectric Materials Market http://www.grandviewresearch.com/industry-analysis/piezoelectric-materials-market Further key findings fr...