Press release
Global Automotive Ceramics Market 2020 Size, Growth Analysis Report, Forecast to 2026
Global automotive ceramics market is estimated to grow at a CAGR of nearly 5.5% during the forecast period. The emerging demand for electric vehicles is primarily contributing to the growth of the market. Increasing strict emission regulations is leading to an emerging adoption of electric vehicles that supports reducing fuel cost and lowers emission. Hydrogen is considered an alternative fuel and is entitled to alternative fuel vehicle tax credits, under the Energy Policy Act of 1992. This leads to the driving adoption of electric vehicles as greener alternatives.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/automotive-ceramics-market
In 2018, the global stock of electric passenger cars exceeded 5 million in 2018, which shown an increase of 63% from 2017, as per the International Energy Agency (IEA). In 2018, 45% of the global electric cars on the road were reported in China, which is 2.3 million, and is followed by Europe and the US. Due to the stringent emission norms and rising demand for electric vehicles, the automobile manufacturers moved towards the development of electric vehicles as an area of growth opportunities. Toyota Motor Corp. and Honda Motor Co. Ltd. are engaged in the development of hydrogen fuel cell electric vehicles (FCEVs).
A Full Report of Global Automotive Ceramics Market is Available at: https://www.omrglobal.com/industry-reports/automotive-ceramics-market
Apart from these, Hyundai Motor Group is also focusing on electric vehicles driven by hydrogen fuel cells. Multilayer ceramic capacitors are commonly used in electric vehicle electronics and subsystems owing to their small size, extreme temperature ratings, and easy surface mount form factor. As with the battery management system (BMS), ceramic capacitors (rather than film capacitors) are recommended to withstand the high operating temperatures of the DC/DC converter. Therefore, the emerging production and sales of electric vehicles are supporting to boost the global automotive ceramics market.
Scope of the Global Automotive Ceramics Market
Market Coverage
The market number available for 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Material and Application
Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World.
Competitive Landscape- Kyocera Corp., CeramTec GmbH, CoorsTek, Inc., Morgan Advanced Materials plc, and NGK Spark Plug Co., Ltd.
Key Developments in the Global Automotive Ceramics Market
In February 2019, Kyocera Corp. declared that Kyocera Fineceramics GmbH, its Germany-based European headquarters, completed an agreement to acquire H.C. Starck Ceramics GmbH, a manufacturer of advanced ceramics based in Selb, Germany. The acquisition of H.C. Starck Ceramics will support Kyocera to expand fine ceramic production assets in Europe, manufacturing lineup, and advanced technologies. In addition, this will enable Kyocera to further extend its fine ceramics business across the globe.
In November 2019, 3M introduced the new Automotive Window Film Ceramic IR Series. Nano-ceramic technology was used to develop this series that offers an extreme level of infrared heat rejection and restrict interference with electronics.
Global Automotive Ceramics Market-Segmentation
By Material
Alumina Oxide Ceramics
Zirconia Oxide Ceramics
Others
By Application
Automotive Engine Parts
Automotive Electronics
Automotive Exhaust Systems
Others
Global Automotive Ceramics Market– Segment by Region
North America
US
Canada
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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