Automotive Ceramics Market Growth Analysis | 2023-2028

Market Insights

The automotive ceramics market was estimated at USD 2.18 billion in 2022 and is likely to grow at a CAGR of 5.36% during 2023-2028 to reach USD 3 billion in 2028.

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Market Dynamics

Introduction

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 Drivers

The major factors driving the growth of the automotive ceramics market are-

• Growing Automobile fleet.
• Rising use of ceramic materials – Materials like glow plugs, electronic fuel pumps, sealing and insulation rings, spark plugs, valves, etc., are made of ceramic materials as these materials possess properties like high-temperature resistance, corrosion resistance, etc. This rise hence boosts the demand for the automotive ceramics market.
• Low-cost manufacturing needs – Several industries are focusing on the development of low-cost manufacturing technologies as there is a high demand for lightweight and affordable vehicles. Ceramics, owing to their high melting point, durability, and strength, stand out to be the best materials for manufacturing many components in any automobile, in low-cost, and high strength.
• Stringent Emission Regulations – Governments across the globe are implementing strict emission regulations to reduce greenhouse gas emissions. Ceramic materials, such as catalytic ceramic filters, etc. show up as the importance of diesel filters in vehicle emission control systems. The need for effective emission control systems is thus, driving the demand for automotive ceramics.
• Technological Advancements – Manufacturers are investing in advanced manufacturing processes such as 3D printing (additive manufacturing), to produce complex ceramic components with precise geometries. Additionally, innovations in ceramic materials and coatings are enhancing their properties, expanding their application areas, and driving the overall growth of the automotive ceramics market.

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Segments Analysis

By Material Type

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 2022 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.

By Application Type

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.

Regional Insights

In terms of regions, Asia-Pacific held the largest market share of more than 45% in 2022 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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Key Players

Some of the key suppliers are:

• Kyocera CorporationCeramTec
• NGK Spark Plug Co., Ltd.
• CoorsTek, Inc.
• Saint-Gobain Ceramics Materials
• Ceradyne Inc.
• Mcdanel Advanced Ceramic Technologies LLC
• Dyson Technical Ceramics Ltd.
• International Syalons (Newcastle) Limited
• Inmatec Technologies GmbH
• Blasch Precision Ceramics, Inc.
• Applied Ceramics, Inc.
• Ortech Advanced Ceramics
• Vinayak Techno Ceramics

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects automotive ceramics market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive ceramics market is segmented into the following categories:

By Material Type

• Alumina Oxide
• Titanate Oxide
• Zirconia Oxide
• Others

By Application Type

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

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.