Stratview Research has published a new research report on the ‘Automotive Ceramics Market’. This report covers the top regions countries of the world and shows a region-wise development status, including market size, shares, revenue, opportunities, and strategies to enhance growth across the globe. This report provides a 5-year pre-historic and future forecast for the segment and a comprehensive overview of the global market size.
Automotive Ceramics Market: Report Highlights
The automotive ceramics market size was valued at USD 2.06 billion in 2021 and is likely to grow at a CAGR of 5.46% during 2022-2028 to reach USD 3 billion in 2028.
What are automotive ceramics?
Automotive Ceramics are ceramic materials that are further processed to be used in automobiles. Ceramic has higher ion conductivity and hence can be used for fuel cells for automotive.
Automotive Ceramics are available in different types such as alumina oxide, titanate oxide, zirconia oxide, and others. Some of the common places where the component is used are engine parts, exhaust systems, automotive electronics, and others.
Market Drivers
Automotive ceramic products are lighter in weight, more durable, and offer better corrosion-resistance properties in comparison with traditional materials such as metals and plastics. This factor is serving as a catalyst for the wide adoption of ceramic materials in a wide array of applications in the automotive industry.
Market Segments’ Analysis
Based on the material type, the market is segmented as alumina oxide ceramics, titanate oxide ceramics, zirconia oxide ceramics, and others. The alumina oxide ceramics segment held the largest market share of more than 40% in 2021 and is expected to register the highest growth during the forecast period.
In automotive applications where superior properties are required, there, zirconia oxide ceramics are considered as they bear very high resistance to crack propagation. Zirconia oxide ceramics are known for their properties such as high density, high fracture toughness, high flexural strength, and high chemical resistance owing to which they are extensively employed in automotive applications.
Based on the application type, the market is segmented as automotive engine parts, automotive exhaust systems, automotive electronics, and others. It is estimated that the automotive engine parts segment will lead the market during the forecast period. Extensive use of automotive ceramics in the manufacturing of spark plugs, glow plugs, high-pressure pumps, electronic fuel pumps, valves, sealing insulation rings, and other automotive applications is the major factor behind the dominance of automotive engine parts.
In terms of regions, Asia-Pacific held the largest market share more than 45% in 2021 and is also expected to witness the highest growth during the forecast period. Asia-Pacific is the largest automotive market owing to significant economic development in the region, a huge consumer base, increasing disposable income of consumers, and the presence of key automotive OEMs, tier players, and ceramic material suppliers. China, South Korea, and Japan are the growth engines of the automotive ceramics market in the region.
Key Players
The supply chain of this market comprises raw material manufacturers, distributors, and users. Some of the key players in the Automotive Ceramics Market are-
- Kyocera CorporationCeramTec
- NGK Spark Plug Co., Ltd.
- CoorsTek, Inc.
- Saint-Gobain Ceramics Materials
- Ceradyne Inc.
- Mcdanel Advanced Ceramic Technologies LLC
- Dyson Technical Ceramics Ltd.
- International Syalons (Newcastle) Limited
- Inmatec Technologies GmbH
- Blasch Precision Ceramics, Inc.
- Applied Ceramics, Inc.
- Ortech Advanced Ceramics
- Vinayak Techno Ceramics
Why invest in this report?
The report provides critical insights into the market dynamics and enables strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints,
- Market Trend and Forecast Analysis
- Market segment trend and Forecast
- Competitive landscape and dynamics: Market share, Product portfolio, new product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Key success factors
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