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Wednesday, January 18, 2023

Global Automotive Ceramics Market Size to Grow at a CAGR of 5.40% in the Forecast Period of 2023-2028


The ‘Global Automotive Ceramics Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global automotive ceramics market, assessing the market based on its segments like materials, applications, end-uses, and regions.

Automotive Ceramics Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): Around USD 2.49 Billion
• Forecast CAGR (2023-2028): 5.40%
• Forecast Market Size (2028): Nearly USD 3.41 Billion

Automotive ceramics are improved ceramic materials that are produced into modules to be employed in automobiles. Some of the examples of automotive ceramic are spark plug insulators, catalysts and catalyst supports for radiation control gadgets, and different types of sensors. These catalysts are platinum-group metals and/or base metals like chromium, nickel, and copper. Since ceramics are extremely adaptable, it offers a substantial possibility for the automotive ceramics market expansion in the future.

Ceramics are comprehensively utilised in automobile applications as a substitute to metal owing to its mechanical intensity, stability, chemical endurance, and electrical properties. These ceramics are made by using developed ceramic materials like alumina, titanium, zirconia. The automotive ceramics are used in the automotive sector to create developed monitoring systems, heatshield, breaks, engines, shock absorbers, and sensors.

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Owing to the high-priced and heavy weight nature of metals, automotive producers are moving towards ceramics as a desirable substitute, leading to the development of the automotive ceramics market.

Beneficial properties of automotive ceramics like insulation and thermal properties such as heat volume, thermal transmission, and thermal expansion factor are leading to the increase in demand and utilisation of ceramics in the automotive sectors, in turn, encouraging the development of the automotive ceramics market.

Automotive Ceramics Industry Definition and Major Segments

Automotive ceramics includes components produced from enhanced ceramic materials like zirconia and alumina. Ceramic elements are utilised in engine parts that consist of knock sensor, valve techniques, and super chargers. These are applied in different sensors and actuators, like fuel level sensor, fluid level sensors, oxygen sensors to purify exhaust gas of vehicles. The materials of ceramics are light in weight as compared to the traditional material, like metals, and are relatively more robust than plastic. Ceramics also provides exceptional functioning at higher temperatures.

Based on materials, the market can be segmented into:

• Alumina Oxide Ceramics
• Titanate Oxide Ceramics
• Zirconia Oxide Ceramics
• Others

On the basis of applications, the market has been classified into:

• Automotive Engine Parts
• Automotive Exhaust Systems
• Automotive Electronics
• Others

On the basis of end-uses, the market has been classified into:

• Passenger Vehicles
• Commercial Vehicles

Based on regions, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Automotive Ceramics Market Trends

Leading players in the global automotive ceramics market are continually researching and developing cost effective technologies to apply ceramics in automotives that is leading to the increase in their demand. Due to their low cost, technologies that are created by using ceramics like knock sensors, exhaust pipes, and valve system, among others, are extensively utilised in the automotive industry.

A considerable share of the automotive ceramics market is held by zirconia oxide ceramics owing to their usage in automobile engine systems and exhausts. Zirconia is famous for avoiding crack proliferation as it is a high endurance material. The zirconia oxide ceramics grows thermally and are known to be an appropriate material that can be utilised for combining ceramic and steel. Such a type of ceramics is generally utilised in shock absorbers in premium vehicles. On the other hand, alumina oxide ceramics are expected to witness development in the forecast period due to its properties like excellent electrical insulation and superior resistance to erosion.

As per the region-based classification, North America accounted for a significant share in the automotive ceramics market and is likely to be consistent in its growth in the upcoming years. The extensive use and demand for automotives alongside a substantial production base are promoting the progress of the market in North America. Other factors such as rise in investments in electric vehicles and other innovative technologies are also supporting the rising demand for automotive ceramics in the region.

Key Market Players

The major players in the global automotive ceramics market report are Kyocera, Morgan Advanced Materials plc, Saint-Gobain Ceramics, CeramTec GmbH, NGK Spark Plug Co., Ltd., and Ceradyne, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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