The information presented in this report will outline the present and upcoming trends in the market, analyst opinions and views, competitive landscapes, and key regions from a systematic perspective. This report on the Automotive Ceramics Market provides an analysis of the key trends in business and forecasts the future directions of the market. The procedure and analysis used in this report assesses the strengths and weaknesses of market participants, key market drivers, and challenges. It identifies significant market players, provides split analyses, and forecasts, among other insights.

Market Insights

According to the present report, the automotive ceramics market size was valued at USD 2.06 billion in 2021 and is likely to grow at a CAGR of 5.46% during 2022-2028 to reach USD 3 billion in 2028

What are automotive ceramics?

Automotive Ceramics are ceramic materials that are further processed to be used in automobiles. Ceramic has higher ion conductivity and hence can be used for fuel cells for automotive.

Automotive Ceramics are available in different types such as alumina oxide, titanate oxide, zirconia oxide, and others. Some of the common places where the component is used are engine parts, exhaust systems, automotive electronics, and others.

Market Segments' Analysis

Based on the material type, the market is segmented as alumina oxide ceramics, titanate oxide ceramics, zirconia oxide ceramics, and others. The alumina oxide ceramics segment held the largest market share of more than 40% in 2021 and is expected to register the highest growth during the forecast period.

In automotive applications where superior properties are required, there, zirconia oxide ceramics are considered as they bear very high resistance to crack propagation. Zirconia oxide ceramics are known for their properties such as high density, high fracture toughness, high flexural strength, and high chemical resistance owing to which they are extensively employed in automotive applications.

Based on the application type, the market is segmented as automotive engine parts, automotive exhaust systems, automotive electronics, and others. It is estimated that the automotive engine parts segment will lead the market during the forecast period. Extensive use of automotive ceramics in the manufacturing of spark plugs, glow plugs, high-pressure pumps, electronic fuel pumps, valves, sealing & insulation rings, and other automotive applications is the major factor behind the dominance of automotive engine parts.

In terms of regions, Asia-Pacific held the largest market share more than 45% in 2021, and is also expected to witness the highest growth during the forecast period. Asia-Pacific is the largest automotive market owing to significant economic development in the region, a huge consumer base, increasing disposable income of consumers, and the presence of key automotive OEMs, tier players, and ceramic material suppliers. China, South Korea, and Japan are the growth engines of the automotive ceramics market in the region.

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