Global Automotive Ceramics Market by Material (Zirconia, Alumina), by Application (Commercial Vehicles, Passenger) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global automotive ceramics market was worth USD 1.9 billion in 2019. It is expected to grow at a compound annual rate (CAGR of 5.6%) between 2020 and 2027. The automotive ceramics market will grow as more people use electronic applications in their vehicles. Advanced ceramics are used in automotive sensor, LED and substrates, arc tubes, spark plugs, and other electronic components. Electronic components and sensors are vital in vehicle management and operation, such as ABS and ASR. The U.S. held 12.3% of the global market. Large-scale production of automobile components and vehicles is the main driver of the demand. According to the International Organization of Motor Vehicle Manufacturers (IOMVM), nearly 10.8 million vehicles were manufactured in the U.S. in 2018. Due to trade uncertainty and global slowdown, the automotive sector saw a decline in growth in 2018 compared with 2018.

But, the U.S. will likely remain a lucrative market for automotive ceramics vendors in the long-term. The country's increasing number of trucks and SUVs is another factor that will impact the market demand. The durability, resistance and affordability of SUVs are some of the key factors driving demand.

The region's easy access to auto loans is an indirect way of promoting vehicle sales. The digitization of loans has also made it easier for end-users. Honcker Inc. offers all the best deals from nearby dealers when leasing an automobile. This helps to avoid lengthy processes and saves time.

Material Insights

The Alumina segment accounted for 40.3% of the market in 2019, which was the largest. This material is used extensively in many applications, including sensors for vehicles. The sensors in modern vehicles include fluid, pressure and proximity sensors. This will likely boost segment growth.

Ceramic coating is another area where alumina, silica and titanium dioxide are in high demand. Ceramic coating protects against friction, insulation heat, wear, corrosion, and heat. This coating lasts longer than regular paint, and it remains intact even under heavy vibrations or shocks.

Other materials like zirconia or yttria are likely to experience significant growth due to mechatronics applications and increased demand from sensors. Advanced or engineering ceramics can be used to monitor tire pressure and other safety issues.

Application Insights

In 2019, passenger vehicles held the highest market share at 68.6% and will likely continue to hold that position throughout the forecast period. This can be attributed to the higher proportion of passenger cars in total automotive production. According to the International Organization of Motor Vehicle Manufacturers, nearly 67.1 million commercial cars were manufactured globally in 2019. The growth of the market is expected to be supported by government incentives for Electrical Vehicles (EVs). The federal U.S. government offers an income tax credit of up to USD 7,500 for EVs, depending on their battery size.

From 2020 to 2027, the commercial vehicles segment will experience a 5.3% growth. The segment is expected to grow through investment in new facilities for commercial vehicle production. In India, for instance, Volvo and Eicher Motors are likely to launch a joint venture in the second quarter 2020. The facility will produce approximately 40,000 commercial vehicles per year.

Regional Insights

Asia Pacific accounted for 48.4% of the global market in 2019, and will continue to grow rapidly over the forecast period. The region's growth is due to the large volumes of production and sales of cars in several of the top countries such as South Korea, Japan, China, India and Japan. Market growth will also be influenced by the inflow of foreign capital, low-cost labor and an increasing target population.

The market will continue to grow due to a rapidly expanding automotive manufacturing industry and rising investments. In Indonesia, Toyota spent nearly USD 1.9million in 2019, for example. Volkswagen Group announced in July 2018 that it would invest USD 1.12 Billion in India by 2021 in order to increase its presence in the country.

The North America region is expected to experience significant growth between 2020 and 2027. The strict regulations regarding fuel emissions implemented by the governments of the region are likely to increase ceramics demand. According to Canadian emission regulations, vehicles must have a US EPA certificate. This will increase the demand for lightweight materials such as aluminum and plastics.

Market Share Insights & Key Companies

The market is driven by new product development that aims to make vehicles lighter. R&D is also being invested by players in order to develop new products for automotive electronics. The automotive sector is a major one, and is expected to see inflows in foreign direct investment (FDI), in different countries in the future. The following are some of the major players in the automotive ceramics industry:

• Morgan Advanced Materials

• CoorsTek

• NGK Spark Plug

• CeramTec

• Kyocera

• Corning

• Ceradyne

• IBIDEN

• Saint Gobain Ceramic Materials

Up Market Research published a new report titled “Automotive Ceramics Market research report which is segmented by Material (Zirconia, Alumina), by Application (Commercial Vehicles, Passenger), By Players/Companies Saint Gobain Ceramic Materials, CeramTec, Kyocera, Ceradyne, IBIDEN, Corning, CoorsTek, NGK Spark Plug, Morgan Advanced Materials”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Ceramics Market Report Segments:

The market is segmented by Material (Zirconia, Alumina), by Application (Commercial Vehicles, Passenger).

Automotive Ceramics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Ceramics Market

Overview of the regional outlook of the Automotive Ceramics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Ceramics Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Ceramics Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Zirconia

                2. Alumina

                1. Commercial Vehicles

                2. Passenger

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Ceramics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the Automotive Ceramics Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.