Press release
Automotive Ceramics Market Opportunities, Strategies, Size, Share And Analysis 2020-2027
The market's growth is propelled by regulatory shifts related to vehicle emissions, a heightened focus on fuel efficiency, and the burgeoning electric vehicle market. However, the high investment required for ceramic fabrication and integration poses a challenge to market expansion. Conversely, the development of new ceramic technologies opens up a plethora of opportunities for future growth.
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Automotive ceramics encompass components crafted from advanced ceramic materials like zirconia and alumina. These components find application in engine parts such as knock sensors, valve systems, and superchargers, as well as in various sensors and actuators for vehicle exhaust gas purification. Compared to traditional materials, ceramics offer lighter weight, enhanced durability, and superior performance at high temperatures.
To combat greenhouse gas emissions, emission control regulations are evolving, compelling automakers to enhance vehicle performance. For example, the European Union's Euro 6 emission standard spurred modifications in exhaust systems to comply with stringent regulations, resulting in the production of new ceramic products. Moreover, advancements in engine block design to improve fuel efficiency are expected to drive ceramic utilization for weight reduction.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/purchase-enquiry/A08646
The global automotive ceramics market is segmented by material, component, application, and region. In terms of material, the alumina oxide segment led the market in 2019, capturing nearly two-fifths of the global market share, and is projected to maintain dominance throughout the forecast period. Conversely, the zirconia oxide segment is expected to witness the fastest CAGR of 7.5% from 2020 to 2027.
By application, the passenger vehicle segment held the largest share in 2019, commanding nearly four-fifths of the global automotive ceramics market, and is anticipated to retain its dominance throughout the forecast period, with a projected CAGR of 6.8% from 2020 to 2027.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/automotive-ceramics-market/purchase-options
Regionally, Asia-Pacific emerged as the leader in 2019, capturing over half of the global automotive ceramics market share and is poised to maintain its lead in revenue by 2027, with an expected highest CAGR of 7.3% during the forecast period.
Key market players profiled in the report include Ferrotec Corporation, Hoganas AB, International Syalons (Newcastle) Limited, and others, highlighting a competitive landscape ripe for innovation and growth.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ :
Nucleotide Market : https://www.alliedmarketresearch.com/nucleotide-market-A09018
Zinc Sulfate Market : https://www.alliedmarketresearch.com/zinc-sulfate-market-A09020
Saudi Arabia Construction Chemicals Market : https://www.alliedmarketresearch.com/saudi-arabia-construction-chemicals-market-A09390
Titanium Dioxide Market : https://www.alliedmarketresearch.com/titanium-dioxide-market-A09654
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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