Automotive Ceramics Market Size Worth $3.32 Billion by 2027 | CAGR 5.60%
The latest research report from IMARC Group, titled “Automotive Ceramics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The global automotive ceramic market reached a value of US$2.37 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$3.32 billion by 2027, growing at a CAGR of 5.60% over the period 2022-2027. Automotive ceramics represent the hard materials used to produce several automotive components, including compressors, valve systems, knock sensors, actuators, oxygen, fluid levels, fuel level sensors, etc. They are typically made from alumina, titanate and zirconia oxide and provide an extra layer of protection for the vehicle and shield against ultraviolet (UV) rays, scratches, chemical contaminants, etc. Automotive ceramic products are durable, lightweight, safe, and exhibit excellent corrosion resistance and wear properties. Therefore, they are widely used in spark plug insulators, catalysts and catalyst carriers for emission control devices in passenger cars and commercial vehicles.
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Important Attribute and Report Highlights:
- Detailed Global Market Share Analysis
- Market segmentation by component, material and application.
- Historical, current and projected market size in terms of volume and value
- Latest industry trends and developments
- Competitive landscape for the automotive ceramics market
- Strategies of key players and product offerings
The increasing need for fuel-efficient vehicles is mainly driving the automotive ceramics market. Additionally, increasing adoption of lightweight components owing to their cost effectiveness, energy efficiency, improved performance, etc., is further catalyzing the growth of the market. In addition, the increasing use of electric vehicles (EVs), which consist of ceramic electronic components and sensors for intelligent traffic management and driving systems, acts as another important growth factor. Moreover, many other factors such as the implementation of various stringent regulations by government bodies across the countries for emission control and greenhouse gas reduction are also positively influencing the global market. Apart from this, the introduction of high-tech glass product variants that feature high technical strength and are virtually impervious to electricity as well as heat are expected to drive the automotive ceramic market over the period. forecast.
Key Players Covered in the Global Automotive Ceramics Market Research Report:
- Almatis GmbH
- CeramTec GmbH
- Company of Saint-Gobain SA
- CoorsTek Inc.
- Corning Incorporated
- Elan Technology
- Ibiden Co.Ltd.
- International Syalons (Newcastle) Limited
- Kyocera Company
- Morgan Advanced Materials
- Spark plug NGK Co. Ltd.
- Noritake Co. Limited.
Do you know more information, contact our analyst at– https://www.imarcgroup.com/automotive-ceramics-market
Overview of the impact of COVID-19:
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Key Market Segmentation:
Breakdown by component:
- Automotive engine parts
- Automotive exhaust systems
- Automotive electronics
Breakdown by material:
- Alumina Oxide
- Titanate Oxide
- zirconia oxide
Breakdown by application:
- Tourism vehicle
- commercial vehicle
Breakdown by region:
- North America (USA, Canada)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Table of Content of Automotive Ceramics Research Market Report:
- Scope and methodology
- Global automotive ceramic market
- SWOT analysis
- Value chain analysis
- Price analysis
- Competitive landscape
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Who we are:
The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.
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