J P M O R G A N Asia Pacific Equity Research 08 September 2025 Asian MLCC Industry Entering a new phase of growth: demystifying the next five years' demand drivers In this report, we introduce the long-term MLCC industry demand forecast and provide a comprehensive comparative analysis of Asian MLCC peers. We view the MLCC industry's long-term growth profile in a re-acceleration phase thanks to emerging new demand drivers related to AI/Auto/Robotics. This is likely to result in tighter S-D in coming years an ...