Automotive Ceramics Market expected to grow at a CAGR of 5.2% with Industry Size, Share and Rising Trend till 2022


Posted May 13, 2019 by armaan007

The automotive ceramics market is expected to grow from USD 1.59 Billion in 2017 to USD 2.05 Billion by 2022

 
The 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", The automotive ceramics market is expected to grow from USD 1.59 Billion in 2017 and is projected to reach USD 2.05 Billion by 2022, at a CAGR of 5.2% from 2017 to 2022.

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Browse 75 market data Tables and 33 Figures spread through 122 Pages and in-depth TOC on "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.

Automotive ceramics are witnessing an expansion in the application area in the automotive industry around the world. Automotive engine parts, automotive exhaust systems, and automotive electronics are the major applications of automotive ceramics and account for the largest share of the automotive ceramics market. These are also gaining use in various other applications ranging from automotive brakes, coatings, lighting parts, and other parts and components.

The Asia Pacific automotive ceramics market is projected to grow at the highest CAGR between 2017 and 2022. The growth of the Asia Pacific automotive ceramics market can be attributed to the rising demand for rapid economic expansion, especially in China and India. Rapid industrialization in this region plays an important role in boosting the demand for automotive ceramics for various automotive applications. In APAC, the demand, as well as the manufacturing of passenger cars, has increased tremendously, which is expected to drive the need for automotive ceramics in the future. The automotive ceramics manufacturers are shifting their manufacturing base to this region mainly due to the developing local markets and greater manufacturing competitiveness of developing economies in APAC. The Western European automotive ceramics market is expected to witness considerable growth during the forecast period. This growth can be attributed to the growth in the use of automotive exhaust systems and automotive electronics applications. Western Europe is one of the largest producers of vehicles, and the automotive industry plays a vital role in the economic growth of the region.

The automotive ceramics value chain includes automotive ceramics manufacturers, such as Kyocera (Japan), CeramTec (Germany), NGK Spark Plug (Japan), CoorsTek (US), and Morgan Advanced Materials (UK), among others that manufacture automotive ceramic materials, such as alumina oxide ceramic, titanate oxide ceramic, zirconia oxide ceramic, and others. These materials are used by automotive parts and component manufacturers to develop various types of automotive parts and components, such as spark plugs, glow plugs, catalytic substrate, brakes, etc. that are further used in automobile manufacturing.

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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 May 13, 2019