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Automotive Ceramics Market Size Projected To Show Strong Growth

  • The anticipated value of the global automotive ceramics market is projected to reach USD 3,160.4 million by 2028, with a compound annual growth rate (CAGR) of 5.8% during the forecast period. The increasing adoption of ceramics in the automotive industry is driven by their advantageous properties, including high density, high fracture toughness, high flexural strength, and excellent chemical resistance. These characteristics contribute to improved performance, leading to the growth of market revenue. Ceramics are utilized in various engine parts such as valve systems, knock sensors, and superchargers to enhance their functionality.

    In the automotive sector, ceramics find applications in a range of actuators and sensors for exhaust gas purification in vehicles. These include fluid level sensors, fuel level sensors, and oxygen sensors. Compared to traditional materials like metal, ceramics offer the advantages of being lighter in weight and longer-lasting than plastics. Additionally, they exhibit exceptional performance even at high temperatures. The integration of ceramic materials in automobile components not only enhances driving comfort and reduces wear but also contributes to decreased fuel consumption and improved driving safety.

    The market revenue growth is further fueled by stringent regulations imposed by governments worldwide to curb fuel emissions. The increasing concern over air pollution, largely attributed to vehicle emissions, has prompted the adoption of more rigorous standards. In January 2020, the United Nations Economic Commission for Europe (UNECE) implemented a new vehicle emissions regulation that incorporates the Worldwide Harmonized Light Vehicles Test Procedure (WLTP). This regulation facilitates the implementation of advanced emissions tests to assess pollutant levels, carbon dioxide emissions, and fuel consumption. Automotive original equipment manufacturers (OEMs) are actively exploring innovative materials such as ceramics to mitigate vehicle emissions. The use of ceramics in exhaust systems shows great promise in purifying vehicle emissions and reducing carbon footprints.

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    Top 10 Companies Operating in the Global Automotive Ceramics Market:

    Kyocera Corporation, CeramTec, NGK Spark Plug Co., Ltd., CoorsTek, Inc., Morgan Advanced Materials, Saint-Gobain Ceramics & Plastics, Inc., Ceradyne, Corning Inc., Elan Technology, and Venator Materials Plc.

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    The global market is further segmented into type and application:

    Type Outlook (Revenue, USD Million; 2018-2028)

    • Functional Ceramics
    • Structural Ceramics

    Vehicle Type Outlook (Revenue, USD Million; 2018-2028)

    • Passenger Vehicles
    • Commercial Vehicles

    Material Outlook (Revenue, USD Million; 2018-2028)

    • Alumina Oxide
    • Titanate Oxide
    • Zirconia Oxide
    • Others

    Application Outlook (Revenue, USD Million; 2018-2028)

    • Automotive Electronics
    • Automotive Engine Parts
    • Automotive Exhaust Systems
    • Others

    Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

    • North America (U.S., Canada, Mexico)
    • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
    • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
    • Latin America (Brazil, Rest of LATAM)
    • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

    Key Takeaways of the Competitive Overview Section:

    • Overview of the company profiles of each market player
    • Industrial chain analysis of each player
    • Revenue share contribution
    • Sales network and distribution channels and net profits and losses of each company
    • Key business growth strategies are undertaken by these players

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