EVENT DOSSIER
On September 8, 2026, titanium media reported that the market price of high-end multilayer ceramic capacitors (MLCCs) had increased by more than 30%. This increase reflects a significant widening of the supply-demand gap in this field. At the same time, with the expansion of domestic production capacity and technological breakthroughs, domestic MLCCs are accelerating their replacement of imported products, and industry competition has entered a critical stage.
超 30% 涨价函显示，村田、太阳诱电及三星电机等全球 MLCC 龙头同步上调高端产品售价，供需缺口导致 AI 服务器与车规料号交期拉长至 12-20 周。行业呈现“高端大涨、民用微涨”分化格局，日韩产能利用率超 90%，新增资本开支倾斜于高端叠层线。AI 服务器单台 MLCC 用量从传统 2000 颗激增至 44 万 -60 万颗，规格升级推动单价数十倍增长；新能源车单车用量达燃油车 6 倍。村田预测高端需求将维持至 2030 年，国内信维通信、风华高科及三环集团正通过收购参股、优化收入结构或垂直一体化路径切入高端市场。国产替代窗口因海外粉体受稀土库存耗尽及设备交付限制而进一步打开，国瓷材料与博迁新材等企业在陶瓷介质与镍粉领域加速突破。