Automotive Ceramics Market to exceed 2.05 Billion USD by 2022


Posted April 3, 2019 by armaan007

Automotive Ceramics Market expected to stand at 2.05 Billion USD by 2022, at a CAGR of 5.2%, between 2017–2022

 
[119 Pages Report] The automotive ceramics market is projected to reach USD 2.05 billion by 2022, at a CAGR of 5.2% between 2017 and 2022. Automotive ceramics find widespread application in the automotive industry, as they exhibit superior physical and chemical stability. Automotive ceramics have superior wear resistance, high-temperature strength, and chemical stability in comparison to metals. The higher cost of automotive ceramics than their substitutes is one of the major factors influencing the demand for automotive ceramics. The automotive ceramics market has been segmented on the basis of material, application, and region.

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Key players operating in the automotive ceramics market are Kyocera (Japan), CeramTec (Germany), NGK Spark Plug (Japan), CoorsTek (US), Morgan Advanced Materials (UK), Saint Gobain Ceramic Materials (US), IBIDEN (Japan), Ceradyne (US), and Corning (US)., among others.

Kyocera (Japan) is one of the leading manufacturers of automotive ceramics. In July 2017, the company and Toshiba Materials (Japan) signed an agreement for the development and production of nitride ceramic components for automotive applications. With this agreement, the company aims to establish a strong foothold in the automotive ceramics market. The company has a strong presence worldwide, especially, in APAC and Europe.

CeramTec (Germany) and NGK Spark Plug (Japan) are other major players in the automotive ceramics market. In February 2014, CeramTec expanded its existing Laurens County facility, US, and invested approximately USD 13.2 million. The expansion was carried out to strengthen the ceramic business of the facility.

In October 2017, NGK Spark Plug planned to establish a surplus production plant in India to reinforce its automotive components manufacturing capability. This expansion will help the company to gain a substantial share of the automotive ceramics market.

This report provides a detailed analysis of the automotive ceramics market and segments the market based on material, application, and region. Based on material, the automotive ceramics market has been segmented into alumina oxide ceramics, titanate oxide ceramics, zirconia oxide ceramics, and others. Based on application, the market has been segmented into automotive engine parts, automotive exhaust systems, automotive electronics, and others. The automotive ceramics market has been studied for APAC, North America, Western Europe, Central & Eastern Europe, South America, and the Middle East & Africa.

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Issued By Markets And Markets
Country India
Categories Automotive , Industry , Manufacturing
Tags automotive ceramics , automotive ceramics companies , automotive ceramics industry , automotive ceramics manufacturers , automotive ceramics market
Last Updated April 3, 2019