The automotive ceramics market is predicted to grow from $ 2.50 billion in 2022 to $ 5.12 billion in 2028, with a CAGR of 6.3% between 2023-2028
Automotive ceramics find uses in different automotive applications owing to their unique features. Unlike conventional materials (metals and plastics), ceramic automotive products are lighter, more durable, and have better corrosion resistance properties. These factors are predicted to drive the automotive ceramics market during the foreseen period.
Automotive ceramics are advanced structural ceramic materials that are employed in the manufacture of automotive components. Components made from automotive ceramics include spark plug insulators, sensors of various types, and mounts for catalytic converters. Ceramics has excellent properties; therefore, it is preferred by most automobile component manufacturers. The main properties include high melting point, low electrical and thermal conductivity, high durability, toughness, and strength. These materials can operate efficiently at extremely high temperatures and pressures. Furthermore, the use of ceramic materials in automobile components improves driving comfort, reduces wear, reduces fuel consumption, and increases driving safety. The increase in the use of automobiles in the world is the main driver of the call for ceramic for automobiles. The high cost of these ceramics compared to alternatives such as metal and plastics is the key factor holding back the call for auto ceramics.
3M introduces the latest IR series of automotive glass ceramic films. 3M authorized window film distributors can now assist consumers in staying cool and connected while decreasing glare with the latest series of ceramic IR car window films.
The growing call for automotive ceramics from various end-use industries, especially developing economies, is a major factor in the expansion of the worldwide automotive ceramics market. Additionally, developments in automotive ceramics, along with the various advantages these ceramics offer over conventional ceramics, such as lightweight and durable ceramic products, are other important factors predicted to drive the expansion of the automotive ceramics market during the foreseen period. Ceramics plays an essential role in the advancement of the automotive industry with advanced and innovative ceramics that not only increase profitability, safety, service life, comfort, and respect for the nature of vehicles but also provide greater efficiency and productivity in the manufacturing process. Vehicle engineering is revolutionizing, and electric mobility and complex networks of vehicle systems represent a challenge for the automotive ceramics market. Trends such as light vehicles, electric mobility, and the escalating purchasing power of consumers in developing countries are driving the automotive ceramics market expansion.
Stringent government and environmental regulations restricting the use of certain auto ceramics are major factors restricting the expansion of the automotive ceramics market.
The excellent properties of automotive ceramics and strict worldwide emission standards are key drivers of the worldwide automotive ceramics market during the foreseen period. In addition, ceramics are employed as an alternative to plastics and metals which is also predicted to drive the automotive ceramics market expansion.
Another major factor that is predicted to hamper the adoption and thus the expansion of the worldwide automotive ceramics market during the foreseen period is the high costs associated with automotive ceramics.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
6.3% |
Segments Covered |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
Saint-Gobain Ceramics Materials, Ibiden, Ceradyne, Corning, Elan Technology, Mcdaniel, Advanced Ceramic Technologies, Dyson Technical Ceramics, Almatis, International Syalons (Newcastle) Limited |
By Material:
· Alumina oxide ceramic
· Titanate oxide ceramic
· Zirconia oxide ceramic
Among materials, the zirconium ceramic segment is predicted to grow at the highest CAGR during the foreseen period. Zirconia ceramics are known to have a very high resistance to crack propagation and are therefore preferred over other ceramics for applications requiring superior properties. Due to properties such as its high density, high tensile strength, high flexural strength, and high chemical resistance properties, zirconia ceramics are preferred by major market players for making components and auto parts.
By Application:
· Automotive engine parts
· Automotive exhaust systems
· Automotive electronics
The automotive engine parts applications segment is predicted to dominate the automotive ceramics market during the foreseen period. The expansion of this segment can be attributed to the escalating use of automotive ceramics in spark plugs, glow plugs, high-pressure pumps, electronic fuel pumps, valves, sealing and insulating rings, etc. Automotive electronics application is predicted to grow at the highest CAGR between 2021 and 2026.
The Automotive Ceramics Report includes the segmentation of Regions:
The automotive ceramics market in the APAC region is predicted to grow at the highest CAGR between 2021 and 2026. This expansion can be attributed to the presence of several key automotive ceramics manufacturers in the region. Automotive ceramic manufacturers are relocating their base to this region primarily due to the development of local markets and the increased manufacturing competitiveness of the growing economies of the APAC region. APAC's automotive ceramics market expansion is primarily driven by China, South Korea, and Japan. The call for these ceramics in China has increased exceptionally and is predicted to grow in the near future due to the continuous relocation of production facilities to this country from all over the world. The North American and European markets accounted for a significant share of worldwide automotive ceramics market revenue due to the growing adoption of automotive ceramics in various automotive industries and the presence of a well-developed automotive sector in the countries of the regions. In addition, the Latin American and the Middle East, and African markets are also predicted to make moderate contributions to revenue in the worldwide market. The Asia Pacific regional market is predicted to experience the fastest expansion in terms of revenue due to the escalating adoption of automotive ceramics by various industries in the countries of the region.
Morbi ceramic players might survive the COVID-19 scare in spite of the near-term shutdown. This, along with the likely improvement in their cash flow situation and their likely competitive pricing in domestic space, would enable them to stay intact even in these testing times. Post the sudden outbreak of COVID-19, which is likely to impact the call for tiles further in India, Morbi’s improving cashflow situation and its likely competitive pricing may keep the much-predicted industry share gains for branded players still at bay.
The major players covered in the automotive ceramics market report are
Saint-Gobain Ceramics Materials
Ibiden
Ceradyne
Corning
Elan Technology
Mcdanel Advanced Ceramic Technologies
Dyson Technical Ceramics
Almatis
International Syalons (Newcastle) Limited
PPG
Inmatec Technologies GmbH
Blasch Automotive Ceramics, Inc.
Baikowski Sas
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