MARKET OVERVIEW
Advanced ceramic materials are increasingly finding applications in the automotive industry in recent years. Components such as sensors, spark plug insulators, and catalyst supports for emission controls, are being used in place of metal, alloy, and plastic components. The production of battery-powered vehicles and increasing demand from electronic applications in the automotive industry is expected to contribute profoundly to the market growth during the forecast period.
MARKET SCOPE
The "Global Automotive Ceramics Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive ceramics market with detailed market segmentation by material and application, and geography. The report provides key statistics on the market status of the leading automotive ceramics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global automotive ceramics market is segmented into titanate oxide ceramics, zirconia oxide ceramics, aluminia oxide ceramics and others.
- On the basis of application, the market is segmented into engine parts, electronics, exhaust systems and others.
MARKET DYNAMICS
Drivers:
- Excellent properties of automotive ceramics and strict gas emission norms worldwide are key factors driving the global automotive ceramics market in the forecast period.
- Additionally, ceramics are increasingly being employed as an alternative to plastics and metals. This factor is further expected to boost market growth.
- The development of low-cost production technologies would offer lucrative opportunities for the automotive ceramics market in the future.
Restraints:
- The high cost of ceramics over metals and alloys is a restraining factor or the growth of the automotive ceramics market during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive ceramics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive ceramics market in these regions.
IMPACT OF COVID-19 ON AUTOMOTIVE CERAMICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the automotive ceramics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive ceramics market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive ceramics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive ceramics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Co
- CeramTec
- CoorsTek Inc.
- Corning Incorporated
- Elan Technology
- Ibiden Co., Ltd.
- KYOCERA Corporation
- Morgan Advanced Materials plc
- NGK SPARK PLUG CO., LTD
- Saint-Gobain
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.