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Automotive Ceramics Market Size, Share & Growth Analysis of Current and Future Industry Figures till 2026

Reports And Data

Reports And Data

The automotive ceramics market is projected to register CAGR of 4.4% in terms of value, from 2019 to reach USD 2.29 Billion by 2026

NEW YORK, NY, UNITED STATES, October 26, 2021 /EINPresswire.com/ -- The global automotive ceramics market is expected to reach USD 2.29 Billion by 2026, according to a new report by Reports and Data. This is owing to the increasing use of ceramics as a substitute to metals and plastics by vehicle producers and automotive component manufacturers, for its mechanical strength and thermal and electrical properties.

The growth of the automotive market is expected to stimulate market demand in the forecast period. In 2018, motor vehicles and their parts generated a revenue USD 518.10 billion of the USD 18.566 trillion or 28.0% in total GDP of the U.S. According to the Organization International des Constructers automobiles (OICA), the U.S. is the second-largest producer of automobiles, after China, in the number of automotive produced annually. In 2017, the U.S. had a total yearly production of 11.2 million passenger and commercial vehicles, whereas China’s annual production was 29.0 million.

Key participants include CoorsTek Inc., Kyocera Corporation, Morgan Advanced Materials PLC, Saint-Gobain Ceramic Materials, Ibiden Co. Ltd., Ceradyne, Momentive Performance Materials Inc., CeramTec GmbH, Oerlikon Surface Solutions AG, and Elan Technology, among others.

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The product demand is growing at a steady rate owing to stringent government regulations about emission control coupled with fuel economy standards. Increasing instances of respiratory and lung diseases in both adult and aged population, due to air pollution caused by vehicular emissions, which are expected to boost the market growth in the forecast period.

Additionally, the ability of the product to withstand extreme conditions, including high temperature, pressure, corrosion, and radiation is anticipated to fuel the growth of the market in the upcoming years.

Further key findings from the report suggest

By type, functional ceramics held a larger market share in 2018 and is expected to grow at a rate of 4.7% in the forecast period. This is due to the increasing use of the ceramics in sparks and glow plug, knocking sensors, PTC heaters, parking distance control, oxygen sensors, and fuel injection systems, among others.

By material, alumina oxide contributed to the largest market share in 2018 and is expected to grow at a rate of 4.2% in the forecast period. This material is the most widely used ceramics material, due to its superb material characteristics such as high mechanical strength, high electrical insulation, high wear, and chemical resistance.

The Asia Pacific Region held the largest market share in 2018 and is expected to grow at a rate of 4.8% in the forecast period. Increasing demand for automotive ceramics in automotive components from automobile manufacturers, especially in developing countries, such as China and India, is forecasted to drive the product demand in the future.

In July 2018, CoorsTek, a leading market player, announced the commencement of a new research and development (R&D) center in Uden, The Netherlands. This new R&D center is closely associated with CoorsTek R&D teams in the U.S. and Japan and is committed to developing technical ceramics capabilities to support CoorsTek customers across the globe.

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Automotive Ceramics Market Report Highlights:

Comprehensive summary of parent market & Automotive Ceramics market
Automotive Ceramics market dynamics in the industry (like COVID & Economic Impact Analysis)
In-depth Automotive Ceramics market segmentation (Trends, Drivers, Restraints, Growth with Historical & Forecast Analysis)
Recent industry updates and growth activity
Competitive landscape (Emerging Vendors & Market Share Analysis for Major Players along with complete Profiles)

For the purpose of this report, Reports and Data have segmented the global automotive ceramics market on the basis of type, material, application, and region:

Type Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Functional Ceramics
Structural Ceramics

Material Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Alumina Oxide
Titanate Oxide
Zirconia Oxide
Others

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Application Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
Automotive Electronics
Automotive Engine Parts
Automotive Exhaust Systems
Others

Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
North America
U.S.
Europe
UK
France
Asia Pacific
China
India
Japan
Latin America
Brazil
MEA

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About us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyse consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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Reports and Data
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