PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485832
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485832
Automotive Ceramics Market size was valued at USD 2,354.32 Million in 2023, expanding at a CAGR of 5.6% from 2024 to 2032.
Ceramics are used in parking distance control, PTC heaters, oxygen and knocking sensors, pump parts, brake discs, catalyst support, particle filters, spark and glow plugs, and catalyst support systems in automobiles. The primary drivers of industry growth are shifting consumer expectations, which have restricted automakers' access to raw materials, as well as performance criteria and safety concerns, which have hampered their ability to reduce the weight of automobiles. Compared to other metals and alloys, automotive ceramics have a higher material cost. Because of the significant impact of the rise in petrol prices, the process of making automotive ceramics is expensive.
Automotive Ceramics Market- Market Dynamics
Increasing Adoption of Advanced Ceramic for Fuel-Efficiency In Vehicles
The increasing adoption of advanced ceramics for fuel efficiency in vehicles is a trend driven by the need for lighter and more durable materials in automotive manufacturing. Advanced ceramics offer several advantages over traditional materials like steel and aluminum, particularly in terms of weight reduction and thermal efficiency. According to the Society of Indian Automobile Manufacturers (SIAM), the automotive industry produced a total of 2,59,31,867 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers, and Quadricycles from April 2022 to March 2023. However, ongoing research and development efforts are focused on addressing these challenges, making advanced ceramics increasingly viable for automotive applications aimed at enhancing fuel efficiency.
Automotive Ceramics Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.6% over the forecast period (2024-2032)
Based on vehicle type segmentation, passenger vehicle was predicted to show maximum market share in the year 2023
Based on material segmentation, alumina oxide was the leading type in 2023
Based on region, Aasia Pacific was the leading revenue generator in 2023
The Global Automotive Ceramics Market is segmented based on Material, Application, Vehicle Type, and Region.
The market is divided into four categories based on material: Alumina Oxide, Titanate Oxide, Zirconia Oxide and Others. In the Automotive Ceramics Market, alumina oxide commanded the most share. Due to their many benefits, including exceptional electrical insulation, resistance to thermal stress, and affordability, alumina oxide ceramics are in more demand than zirconia oxide, titanate oxide, and other varieties. Due to their superior qualities over other varieties, alumina ceramics are becoming more and more in demand in the automobile industry. As a result, alumina oxide ceramics are expected to dominate the automotive ceramics market throughout the forecast period.
The market is divided into five categories based on application: Engine Parts, Exhaust Systems, Automotive Electronics, Braking Systems and Others. Passenger cars now hold the largest market share, and this is anticipated to continue during the projection period. This is because passenger cars make up a larger share of all vehicles manufactured. Commercial vehicle sales are anticipated to rise. It is anticipated that investments in new facilities for commercial vehicles would support the segment's expansion.
Automotive Ceramics Market- Geographical Insights
The Automotive Ceramics Market share was highest in the Asia-Pacific region, reaching 45%. The region's strong growth in automotive ceramics can be attributed to the increasing production and development of automobiles, as well as the established foundation for automakers in major nations including South Korea, Japan, China, India, and others. The applications of automotive ceramics materials for spark plugs, automotive electronics, engine parts, and other applications are growing along with the rise in automotive production and development. This is driving the expansion of the automotive ceramics market in the Asia-Pacific area. Therefore, during the projected period, the Asia-Pacific region is expected to witness the most growth in the automotive ceramics market.
Key players in automotive ceramics are Kyocera, NGK Spark Plug, Coorstek, Ceramtec, Morgan Advanced Materials, Ibiden, Ceradyne, Saint-Gobain Ceramics Materials, Corning, and Elan Technology. A major player in automotive ceramics, Kyocera offers a wide range of ceramic components for various automotive applications, including engine components, sensors, and exhaust systems. Saint-Gobain is a diversified company with a presence in various industries, including automotive ceramics. They offer advanced ceramic materials for automotive applications such as engine components and exhaust systems. Additionally, partnerships, acquisitions, and collaborations play a significant role in the automotive ceramics market. In 2021, ANT LAB launched a range of new automotive ceramic coating products, MATTE ceramic coating, and PPF ceramic coating, which are now the benchmark of ultra-luxury ceramic coatings.
In August 2023, 3DCeram and Sintx Technologies announced a collaboration for ceramic 3D printing. The two companies planned to leverage and further develop their existing expertise to produce unique, high-value resins, and 3D print ceramic components.
GLOBAL AUTOMOTIVE CERAMICS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Almatis GmbH
Saint-Gobain S.A.
Stanford Advanced Materials and
Ferrotec Corporation
Hoganas AB
International Syalons Limited
CoorsTek
CeramTec
Elan Technology
Venator Materials Plc
Others