Global Automotive Ceramics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global automotive ceramics market in its upcoming report titled, “Global Automotive Ceramics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automotive ceramics market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive ceramics market report has been segmented on the basis of material, application, and region.

Automotive ceramics are materials that are made into components for automobiles. Examples of automotive ceramics include, spark plug insulators, catalysts and catalyst supports for emission control devices, and various types of sensors. Automotive ceramics are primary used to support structures for catalytic converter elements and also as pressure and heat sensors.

Rising demand for automotive ceramics from various end use industries, especially from developing economies is a major factor driving growth of the global automotive ceramics market. In addition, developments in automotive ceramics coupled with various benefits offered by these ceramics as compared to that of conventional ceramics, such as ceramic products being light weight and durable are other major factors anticipated to fuel growth of the global automotive ceramics market over the forecast period.

However, stringent environmental and governmental regulations limiting use of certain automotive ceramics is a major factor restraining growth of the global automotive ceramics market. Additionally, high costs associated with automotive ceramics is another major factor expected to hamper adoption and in turn growth of the global automotive ceramics market over the forecast period.

Currently, the market in Asia Pacific dominates the global automotive ceramics market in revenue terms owing to rapid industrialization coupled with rising demand for automotive ceramics from various industries in the region. The markets in North America and Europe accounted for significant revenue shares in the global automotive ceramics market, owing to increasing adoption of automotive ceramics in various automotive industries and presence of well-developed automotive sector in countries in the regions. Further, the markets in Latin America and Middle East & Africa are also estimated to account for moderate revenue contributions in the global market. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increasing adoption of automotive ceramics by various industries in countries in the region.

Global automotive ceramics market segmentation:

By Material:

• Alumina Oxide Ceramic
• Titanate Oxide Ceramic
• Zirconia Oxide Ceramic
• Others

By Application:

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

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa