The market for automotive ceramics experienced steady growth until 2020, closing in at approximately US$ 2 Bn amid high deployment across several automotive allied industrial domains, most notably across electronics manufacturing. A new forecast by Fact.MR anticipates demand for automotive ceramics to expand 1.4X from 2021 to 2031.
Key Points Covered in Automotive Ceramics Industry Analysis:
- Market Estimates and Forecasts (2016-2031)
- Key Drivers and Restraints Shaping Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand Share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Automotive Ceramics and How to Navigate
- Recommendation on Key Winning Strategies
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Automotive Ceramics Market Insights: Historical Trends from 2016-2020 Vs Future Market Outlook for 2021-2031
According to Fact.MR - a market research and competitive intelligence provider, from 2016 to 2020, automotive ceramics sales expanded at a CAGR of over 4%, attributed to extensive uptake across the automotive electronics domain. As emission standards toughen, consumers are opting for sustainable alternatives, including electric vehicles, which also elevated prospects.
As per Fact.MR’s insights into the automotive ceramics market, amidst the COVID-19 crisis, sales were estimated at nearly US$ 2 Bn during FY 2020-21. Imposition of mandatory lockdowns slowed expansion prospects, as key automotive companies temporarily ceased production. Adjusting for this downswing, prospects have been revised for the market to expand at a CAGR of 5% from 2021 to 2031.
How is Increasing Deployment of Electronics Nudging Automotive Ceramics Demand?
As technological advancements penetrate the global automotive industry, manufacturers are incorporating numerous electronic systems to streamline overall driving experiences for vehicle owners. Electronic systems such as in-car entertainment systems, radio, ignition, telematics and computers are becoming increasingly mainstream.
Modern electric cars rely on power electronics for the main propulsion motor control, as well as managing the battery system. Future autonomous cars will rely on powerful computer systems, an array of sensors, networking, and satellite navigation, all of which will require electronics. Hence, sales of automotive ceramics are bound to incline significantly.
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Why are Implementation of Strict Vehicle Emission Norms Catalyzing Demand for Automotive Ceramics?
As greenhouse gas emission levels increase at an alarming rate, governments worldwide are attempting to rein in these harmful emissions, majority of which are generated from excessive automotive usage. In an effort reduce greenhouse gases, emission control regulations are becoming stringent, prompting vehicle manufacturers to introduce fuel-efficient automobiles.
For instance, the European Union is actively endorsing the Euro 6 emission standard since 2014. For a diesel car to be Euro 6 compliant, it should not emit more than 80 mg/km of NOx gases, while a petrol car can emit no more than 60 mg/km. From 2025, the Euro 7 standards would be applicable. Such tough legislations are compelling auto manufacturers to incorporate automotive ceramics and enhance vehicular performance.
How Lucrative is the U.S Market for Automotive Ceramics?
As per Fact.MR, the automotive ceramics industry forecast for the U.S appears bright, surpassing US$ 450 Mn in 2020, accounting for almost 30% revenue. A series of anticipated positive developments in automotive technology is likely to drive future expansion in the region.
Some of these developments include the introduction of self-driving vehicles, enhanced connectivity, electrification, shared mobility and artificial intelligence to name a few, which are motivating the establishment of numerous start-up companies, which are expected to invest heavily in high grade automotive ceramics for their manufacturing processes.
What are the Prospects for Future Automotive Ceramics Sales across China?
China is forecast to register heightened sales of automotive ceramics, expanding at over 8% CAGR through 2031. As per Fact.MR’s automotive ceramics industry research, a valuation exceeding US$ 500 Mn by 2031-end is projected for the Chinese market.
The International Trade Administration estimates that China continues to remain the world’s largest vehicle market, both in terms of annual sales and manufacturing output, with domestic production likely to reach 35 Mn units by 2025. Hence, manufacturers are augmenting in high-grade ceramics for numerous automotive internal and external components.
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Why is Demand for Functional Ceramics Emerging the Strongest?
By type, functional automotive ceramics demand is projected to grow at over 5% CAGR by 2031, surpassing US$ 1 Bn. Automotive ceramics are experience high usage across engine & exhaust systems, electronics, internal parts and a host of other functionalities.
Manufacturers such as Advanced Ceramic Materials (ACM) offer a broad range of functional ceramics for automotive brakes, shock absorbers and engines respectively. The company manufactures ceramics from carbon fibers and zirconia.
Will Alumina Oxide Automotive Ceramics Remain Most Preferred?
As per Fact.MR’s automative ceramics industry survey, sales of alumina oxide ceramics are anticipated to remain dominant. The segment accounted for more than 40% revenue in 2020.
Alumina oxide ceramics are the most widely used material, as it possesses superb characteristics, including high electrical insulation, enhanced mechanical strength and high wear & mechanical resistance. Moreover, alumina oxide ceramics help reduce fuel consumption by over 30%.
Are Heaviest Applications Anticipated for Automotive Electronics?
Fact.MR’s automotive ceramics sales forecast anticipates a healthy growth trajectory across the electronics segment, expanding at almost 5% CAGR until 2031.
Automotive engineers and designers use ceramic electronic substrates and components to provide better reliability, environmental performance, engines, transmission, chassis, safety, driver assistance, passenger comfort and infotainment systems and modules.
Prominent players are reliant on designing automotive ceramics aimed at reducing overall weight of vehicles. Additionally, extensive R&D activities are being undertaken for manufacturing ceramics for automotive electronics among other expansion strategies.
- For instance, CeramTec GmbH offers a broad range of silicate ceramics for automotive engineering and lighting technology. These ceramics are widely deployed for producing halogen and xenon headlights, as they continuously emit high amounts of UV light.
- Likewise, Corning Inc. offers the MACOR® high-tech glass ceramics which are non-porous and virtually impervious to electricity and heat. These are especially deployed by NASA for over 200 distinctly shaped components in hinge points, windows and doors for the Space Shuttle orbiter series.
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Historical Data Available for
US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
Key Countries Covered
Key Market Segments Covered
Key Companies Profiled
Available upon Request
Key Segments Covered in Market Study
- Functional Automotive Ceramics
- Structural Automotive Ceramics
- Alumina Oxide Automotive Ceramics
- Titanate Oxide Automotive Ceramics
- Zirconia Oxide Automotive Ceramics
- Other Material Automotive Ceramics
- Automotive Ceramics for Engine Parts
- Automotive Ceramics for Exhaust Systems
- Automotive Ceramics for Electronics
- Automotive Ceramics for Other Applications
Automotive Ceramics Market- Scope of Report
A recent study by Fact.MR on the automotive ceramics market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering automotive ceramics.
The study also provides the dynamics responsible for influencing the future status of the automotive ceramics market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing automotive ceramics, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of automotive ceramics across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of automotive ceramics during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative markets for automotive ceramics?
- Which factors will impact the growth of automotive ceramics?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the automotive ceramics industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Estimates at global and regional levels for automotive ceramics are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global automotive ceramics market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the automotive ceramics during the forecast period.
Country-specific valuation on demand for automotive ceramics has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
In-depth Analysis on Competition
The report sheds light on leading manufacturers of automotive ceramics, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering automotive ceramics has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the automotive ceramics domain.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the automotive ceramics industry, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
- FAQs -
The global automotive ceramics market has reached a value of nearly US$ 2 Bn.
Sales of automotive ceramics are likely to expand at 5% CAGR through 2031.
From 2016 to 2020, sales of automotive ceramics expanded nearly 2X.
Stringent emission regulation norms by governments are prompting manufacturers to include high-grade ceramics to check vehicular performance.
Automotive ceramics are anticipated to experience high sales in the manufacturing of electronic components.
The U.S., China, Japan, Canada, and Germany are expected to remain the frontrunners in automotive ceramics sales.
Automotive ceramics sales in the U.S. accounted for almost 30% of global market share.
Alumina oxide-based automotive ceramics yielded over 40% revenue as of 2020.
CoorsTek Inc., IBIDEN Co. Ltd., Corning Inc., Kyocera Corporation, Saint Gobain Performance Ceramics & Refractories, and Morgan Advanced Chemicals are prominent manufacturers of automotive ceramics.
By type, function ceramics shall remain preferred, surpassing US$ 1 Bn by 2031.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.