Market Research Report
Automotive Ceramics Market by Material (Alumina Oxide Ceramic, Titanate Oxide Ceramic, Zirconia Oxide Ceramic), Application (Automotive Engine Parts, Automotive Exhaust Systems, Automotive Electronics), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||629491|
|Published||Content info||124 Pages
Delivery time: 1-2 business days
|Automotive Ceramics Market by Material (Alumina Oxide Ceramic, Titanate Oxide Ceramic, Zirconia Oxide Ceramic), Application (Automotive Engine Parts, Automotive Exhaust Systems, Automotive Electronics), and Region - Global Forecast to 2022|
|Published: April 18, 2018||Content info: 124 Pages||
"The automotive ceramics market is projected to grow at a CAGR of 5.2% from 2017 to 2022."
The automotive ceramics market is expected to grow from USD 1.59 billion in 2017 to USD 2.05 billion by 2022, at a CAGR of 5.2% from 2017 to 2022. The growth of the automotive ceramics market can be attributed to the increasing demand for automotive ceramics for automotive engine parts, automotive exhaust systems, automotive electronics, and other applications across the globe. Automotive ceramics find application in automotive component manufacturing due to their unique properties. Contrary to conventional materials (metals and plastics), automotive ceramic products are lighter in weight, durable, and have better corrosion resistance properties.
However, higher cost of automotive ceramics than their substitutes restrains the growth of the automotive ceramics market.
Alumina oxide was the largest material segment of the automotive ceramics market, in terms of value, in 2016. Automotive ceramics are advanced technical ceramics, which exhibit characteristics such as superior performance, safety, dependability, and environmental sustainability. These materials can efficiently function under extreme conditions such as high temperature, pressure, radiation, and corrosive exposures. These characteristics of automotive ceramics are attracting several companies to use automotive ceramics as a substitute for conventional materials in automotive component manufacturing.
The Asia Pacific automotive ceramics market is projected to grow at the highest CAGR from 2017 to 2022. An increase in manufacturing activities combined with the region's emergence as a cost-effective production hub is expected to drive the automotive ceramics market. The automotive ceramic manufacturers are shifting to this region mainly due to the developing local markets and greater manufacturing competitiveness of developing economies in APAC. The growth of the APAC automotive ceramics market is mainly driven by China, South Korea, and Japan, as these countries account for large shares of the APAC automotive ceramics market.
Breakdown of the profiles of primary interviews for the report on the automotive ceramics market:
Some of the key companies profiled in this report are: Kyocera (Japan), CeramTec (Germany), NGK Spark Plug (Japan), CoorsTek (US), and Morgan Advanced Materials (UK), among others.
The report covers the automotive ceramics market and their use across different applications and regions. It aims at estimating the market size and future growth potential of the automotive ceramics market across different segments. The report also includes an in-depth competitive analysis of key market players, along with their profiles, recent developments, and key growth strategies.
From an insight perspective, this research report has been focusing on various levels of analyses, which include industry analysis (industry trends) and company profiles. These insights together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the automotive ceramics market, high-growth regions, and drivers, restraints, opportunities, and challenges for the automotive ceramics market.
The report provides insights on the following pointers:
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.