Global Automotive Ceramics Market Size By Material (Alumina Oxide Ceramics, Titanate Oxide Ceramics), By Application (Automotive Engine Parts, Automotive Exhaust Systems), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Automotive Ceramics Market Size By Material (Alumina Oxide Ceramics, Titanate Oxide Ceramics), By Application (Automotive Engine Parts, Automotive Exhaust Systems), By Geographic Scope And Forecast
Automotive Ceramics Market Size And Forecast
Automotive Ceramics Market size was valued at USD 1.81 Billion in 2020 and is projected to reach USD 2.76 Billion by 2028, growing at a CAGR of 5.40% from 2021 to 2028.
The major factors driving industry growth are the changing consumer preferences has limited the availability of raw material for automakers, along with performance standards and safety has caused a limited ability in reducing the automobile weight. Lightweight components of every potential vehicle have been under investigation. Material substitutes for heavier steel and iron with advanced composites such as plastics, ceramics, magnesium, aluminum, are essential. The Global Automotive Ceramics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Automotive Ceramics Market Drivers
The market drivers for the Automotive Ceramics Market can be influenced by various factors. These may include
- Strict Emission laws To reduce automobile emissions and improve environmental sustainability, governments all over the world are enforcing strict laws. automobile ceramics are in high demand in the automobile industry because they are essential in lowering hazardous emissions, especially in diesel particulate filters (DPFs) and catalytic converters.
- Growing Need for Lightweight Materials In order to increase vehicle performance and fuel efficiency, automakers are putting more and more emphasis on lowering vehicle weight. The market is growing because ceramics, which have a high strength-to-weight ratio and are lightweight, are utilised in a variety of automotive components, including engine, brake, and gearbox elements.
- Expanding Electric Vehicle (EV) Market There are a lot of potential for automotive ceramics as a result of the growing popularity of electric vehicles. The thermal stability and electrical insulating qualities of ceramics are utilised in battery technologies, including lithium-ion batteries, which supports the expansion of the automotive ceramics market.
- Technological Developments in Ceramic Manufacturing Modern ceramic processing methods and additive manufacturing (3D printing) have made it possible to create intricate ceramic components that are more affordable and perform better. These developments propel market expansion by encouraging the use of automotive ceramics in vital applications.
- Demand for High-Performance Vehicles The automotive sector is seeing an increase in demand for vehicles that meet stringent durability and cutting-edge engineering standards. Because of its exceptional mechanical qualities—such as high strength, hardness, and resistance to wear—automotive ceramics are perfect for applications that prioritise performance, which in turn propels market expansion.
- A Growing Emphasis on Vehicle Safety As vehicle safety regulations change, so does the need for cutting-edge safety features and technologies. Because ceramics are dependable and resistant to high temperatures, they are utilised in airbag deployment systems, brake systems, and automotive sensors, which is driving the growth of the market.
- Rise of the Automotive Aftermarket The demand for maintenance and repair services, along with the growing number of vehicles on the road, are driving the rise of the automotive aftermarket. Because of its performance advantages and durability, ceramics are employed in aftermarket parts like spark plugs, brake pads, and engine components, which is boosting demand in the industry.
- Quick Urbanisation and Infrastructure Development In rising nations, the demand for cars is being driven by rapid urbanisation and infrastructure development. The need for automotive ceramics for a variety of applications, such as engine components, exhaust systems, and electrical components, is anticipated to rise as more people buy cars.
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Global Automotive Ceramics Market Restraints
Several factors can act as restraints or challenges for the Automotive Ceramics Market. These may include
- High Cost Compared to more conventional materials like steel or aluminium, ceramic materials are frequently more expensive. Especially in price-sensitive countries, the high cost of ceramic materials might be a barrier for automakers wishing to use them in mass-produced vehicles.
- Complex Manufacturing Procedures Producing automotive ceramics might involve complex manufacturing procedures that need for specialised tools and knowledge. The scalability of ceramic components in automotive applications may be limited by this complexity, which may contribute to longer lead times and higher production costs.
- Fragility and Brittleness Ceramics are naturally fragile materials, while having good mechanical qualities such high strength and hardness. Because of their brittleness, ceramic components may be damaged by collision or heat shock, which raises questions about how long-lasting and dependable they will be in automobile applications.
- Limited Design Flexibility Compared to metals or polymers, ceramics frequently offer less design flexibility, which can limit their applicability in specific automobile applications. Automotive engineers’ and designers’ ability to innovate and customise their designs may be restricted by limitations associated with ceramic materials.
- Compatibility and Integration Issues There may be compatibility issues when integrating ceramic components into current vehicle systems. Ceramics’ and other materials’ varying coefficients of thermal expansion can cause problems like thermal stress and cracking, necessitating careful engineering and design.
- Perception of Ceramic Reliability Although ceramic components have many potential advantages, there may still be persistent doubts over their long-term performance and dependability in automotive applications. It might take a lot of testing and validation to give consumers and automakers confidence in the robustness and dependability of ceramic materials.
- Vulnerabilities in the Supply Chain Geopolitical tensions, trade restrictions, and imbalances in supply and demand can all cause disruptions in the supply chain for ceramic materials, especially rare earth elements and specialty ceramics. The cost and availability of ceramic materials for use in automotive applications may be impacted by these supply chain vulnerabilities.
- Regulation and Certification criteria To guarantee compliance with safety standards, automotive ceramics used in safety-critical applications, such as airbag deployment systems and brake systems, must meet strict regulations and certification criteria. The development and manufacture of ceramic components may become more complex and expensive in order to comply with these criteria, which may call for extra testing and certification procedures.
Global Automotive Ceramics Market Segmentation Analysis
The Global Automotive Ceramics Market is segmented on the basis of Material, Application, and Geography.
Automotive Ceramics Market, By Material
- Alumina Oxide Ceramics
- Titanate Oxide Ceramics
- Zirconia Oxide Ceramics
- Others
Based on Material, the market is segmented into Alumina Oxide Ceramics, Titanate Oxide Ceramics, Zirconia Oxide Ceramics, and Others. The alumina category commanded the most market share. This material is widely employed in a variety of applications, including automotive sensors. Sensors such as fluid, pressure, proximity, and temperature are found in all current automobiles, which is expected to drive the segment’s growth. Another application where alumina, silica, and titanium dioxide demand are expected to rise in the coming years is ceramic coating. Friction, insulation, heat, wear, and corrosion are all protected by the ceramic coating. This coating also outlasts conventional paint and remains undamaged even when subjected to high vibrations and shocks.
Automotive Ceramics Market, By Application
- Automotive Engine Parts
- Automotive Exhaust Systems
- Automotive Electronics
- Others
Based on Application, the market is segmented into Automotive Engine Parts, Automotive Exhaust Systems, Automotive Electronics, and Others. The biggest market share was held by passenger vehicles, which is expected to remain so during the forecast period. This is due to a higher proportion of passenger vehicles in total vehicle manufacturing. According to the International Organization of Automobile Manufacturers (IOMV) (OICA). Electric vehicles (EVs) are expected to gain in popularity as a result of government incentives. The market for commercial cars is expected to expand. The segment’s growth is expected to be aided by investment in new facilities for commercial vehicles.
Automotive Ceramics Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global Automotive Ceramics Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific had the largest market share and is expected to grow at the fastest rate during the projection period. Large-scale vehicle production and sales in several of the region’s key countries, such as China, India, Japan, and South Korea, are credited with the region’s rise. The influx of foreign investment, the availability of low-cost labor, and the growing target demographic are all expected to boost the market growth. The market is expected to grow further due to the rapidly developing automobile manufacturing sector and increased investment in this sector. The North American region is expected to increase significantly.
Key Players
The “Global Automotive Ceramics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Kyocera, Ceramtec, NGK Spark Plug, Coorstek, Morgan Advanced Materials, Saint-Gobain Ceramics Materials, Ibiden, Ceradyne, Corning, and Elan Technology.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2017-2028 |
Base Year | 2020 |
Forecast Year | 2021-2028 |
Historical Period | 2017-2019 |
Unit | Value (USD Billion) |
Key Companies Profiled | Kyocera, Ceramtec, NGK Spark Plug, Coorstek, Morgan Advanced Materials, Saint-Gobain Ceramics Materials, Ibiden, Ceradyne, Corning, and Elan Technology |
Segments Covered |
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Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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