[119 Pages Report] 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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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.

Automotive ceramics are advanced technical ceramics, which exhibit characteristics such as superior performance, safety, dependability, and environmental sustainability. These materials can efficiently function under high temperatures, pressure, and corrosive exposures. Alumina oxide ceramics, owing to exceptional physical, thermal, and electrical properties find application in the automotive industry. Alumina oxide ceramics is the most commonly used ceramic material, which finds extensive application in automotive engine parts and automotive exhaust systems, owing to their favorable properties and low price. Among materials, the zirconia oxide ceramic segment is projected to grow at the highest CAGR between 2017 and 2022.

The growth of this segment can be attributed to the increased use of this ceramic in automotive electronics. Zirconia oxide ceramics are known to have very high resistance to crack propagation and, hence, are preferred over other ceramics for applications requiring superior properties. Automotive components manufactured using zirconia oxide ceramics are expensive than alumina oxide ceramics.

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. Among applications, the automotive electronics segment is projected to grow at the highest CAGR between 2017 and 2022. Automotive ceramics are extensively used in the manufacturing of various electronics such as power electronics, sensor systems, and temperature management electronics. Automotive electronics are the most important parts of an automobile and therefore, are the fastest growing application area of automotive ceramics.

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