Automotive Ceramics Market Size To Reach USD 3.1 Billion By 2027 at CAGR 6.5% - Valuates Reports
BANGALORE, India, March 9, 2021 /PRNewswire/ -- Automotive Ceramics Market is Segmented by Material (Alumina Oxide, Titanate Oxide, Zirconia Oxide, and Others), Component (Automotive Engine Parts, Automotive Exhaust Systems, Automotive Electronics, and Others), and Vehicle type (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2027. This report is published on Valuates Reports in the Chemicals Industry Category.
The global Automotive Ceramics Market size was valued at USD 1.9 Billion in 2019 and is projected to reach USD 3.1 Billion by 2027, growing at a CAGR of 6.5% from 2020 to 2027.
Major factors driving the growth of Automotive Ceramics market size are:
- Changing vehicle emission control regulations
- Increasing consumer demand for fuel-efficient vehicles
- Increasing demand for electronics applications in vehicles
Inquire For Sample: https://reports.valuates.com/request/sample/ALLI-Manu-2Q49/Automotive_Ceramics_Market
TRENDS INFLUENCING THE AUTOMOTIVE CERAMICS MARKET SIZE
Increased demand for electronic applications in both ICE and electric vehicles is likely to increase the growth of the automotive ceramics market size during the forecast period.. Ceramics is used in knock sensors, valve systems, and superchargers. They are used in various sensors and actuators, such as fuel level sensors, fluid level sensors, and oxygen sensors, for vehicle exhaust gas purification. Ceramic materials are lighter in weight than conventional materials, such as metal, and are durable than plastic.
Strict regulation around the world to curb greenhouse gas emissions from automotive is expected to increase the automotive ceramics market size. In an effort to reduce greenhouse gases, emission control regulations are being amended to force car manufacturers to improve their vehicle performance. These strict regulations around the globe have resulted in the production of new ceramic exhaust systems, as they help reduce carbon emission.
Automotive vehicles traveling long distances have a problem with the periodic replacement of worn parts. The use of ceramics as wear parts can solve this problem due to their excellent wear resistance.
However, ceramic component production for the automotive industry is expensive in terms of design and development. Each application necessitates a specific component design, which raises the overall cost. This factor might limit the growth of the automotive ceramics market size during the forecast period.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-2Q49/automotive-ceramics
AUTOMOTIVE CERAMICS MARKET SHARE ANALYSIS
Based on material, the Alumina segment held the largest Automotive Ceramics Market share in 2019. Alumina is mainly used for automotive electronic components and thermal barrier coating for engine parts.
Based on components, the engine parts segment held the largest Automotive Ceramics Market share in 2019. Ceramic-based engine parts include spark plug insulators, glow plugs, valves, pump seals, seals, and nozzles. These parts are indispensable for the proper functioning of each motor vehicle.
Based on vehicle type, the passenger segment held the largest automotive ceramics market share in 2019. Passenger vehicle sales have risen due to increasing population and disposable income. Furthermore, demand for automotive electronic systems is expected to grow as more people turn to electric vehicles.
Inquire For Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-2Q49/Automotive_Ceramics_Market
KEY SEGMENTATIONS
- Material
- Alumina Oxide
- Titanate Oxide
- Zirconia Oxide
- Others
- Component
- Automotive Engine Parts
- Automotive Exhaust Systems
- Automotive Electronics
- Others
- Application
- Passenger Vehicle
- Commercial Vehicle
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- Rest of LAMEA
Key Players
- Almatis GmbH
- Compagnie de Saint-Gobain S.A.
- CoorsTek Inc.
- Elan Technology
- Ferrotec Corporation
- Hoganas AB
- International Syalons (Newcastle) Limited
- Noritake Co. Ltd.
- Stanford Advanced Materials
- Venator Materials Plc
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2Q49&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2Q49&lic=enterprise-license
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS :
- Automotive Ceramic Capacitors Market by Product Type: Single Layer, Multiple-layer, Application: Car Audio, Navigation System, Airbag System, Power Steering System, Keyless Entry System, Engine Control Unit, Others, by key players , by Regions: North America, Europe, China and Japan, etc.
- High Performance Ceramic Coating Market by Product Type: Thermal Spray, Chemical Vapor Deposition, Physical Vapor Deposition, Other, Application: Automotive, Aerospace, Industrial, Others, by key players , by Regions: North America, Europe, China and Japan, etc.
- Automotive Carbon Brake Rotors Market By Product Type: Carbon-Carbon Matrix, Carbon-Ceramic Matrix, Application: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Motor Sports Vehicles, Other, by key players , by Regions: North America, Europe, China and Japan, etc.
Click Here To See Related Reports On Ceramics Market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports
SOURCE Valuates Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article