Automotive Ceramics Market worth $3.2 billion by 2028 | Key players Kyocera Corporation (Japan), Ceramtec GmbH (Germany), Niterra (Japan), Coorstek Inc. (US), and Morgan Advanced Materials (UK).

According to recent market research the "Automotive Ceramics Market by Material (Alumina Oxide, Titanate Oxide, Zirconia Oxide), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Application (Engine Parts, Exhaust Systems, Automotive Electronics), and Region - Global Forecast to 2028", automotive ceramics market is expected to grow at a CAGR of 5.7% during the forecast period, from an estimated USD 2.4 billion in 2023 to USD 3.2 billion by 2028. The automotive ceramics demand is rising as the industry prioritizes lightweight and durable materials to boost fuel efficiency, control emissions, and enhance vehicle performance. The increasing embrace of electric vehicles and stringent environmental standards amplify ceramics pivotal role in crucial components such as exhaust systems, engine parts, and automotive electronics. This drives the overall expansion of the market, emphasizing the significance of ceramics in meeting evolving industry requirements.

Browse 217 market data Tables and 38 Figures spread through 215 Pages and in-depth TOC on "Automotive Ceramics Market - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-ceramic-market-127800594.html

Zirconia oxide holds the most significant shares in the material segment of the automotive ceramics Market due to its exceptional properties that align with the evolving needs of the automotive industry. Zirconia oxide exhibits high mechanical strength, thermal resistance, and low thermal conductivity, making it an ideal choice for critical applications in the automotive sector. Its resistance to corrosion and wear, coupled with the ability to withstand extreme temperatures, enhances the durability and performance of components such as sensors, spark plugs, and exhaust systems. As the automotive industry shifts towards electric vehicles, zirconia oxide finds extensive use in battery systems, contributing to its increasing market share. The material's unique combination of properties addresses the industry's demand for lightweight, durable, and high-performance solutions, positioning zirconia oxide as a key driver in the automotive ceramics market's growth and technological advancements.

The passenger vehicle segment commands the most significant shares in the vehicle type segment of the Automotive Ceramics Market due to multiple factors influencing consumer preferences and industry trends. As urbanization and rising disposable incomes drive global demand for personal transportation, the passenger vehicle market experiences sustained growth. Automotive ceramics play a crucial role in enhancing the performance and efficiency of passenger vehicles, with applications in engine components, exhaust systems, and electronics. The increasing focus on fuel efficiency, emissions reduction, and regulatory compliance has led automakers to integrate advanced ceramic materials to achieve lightweighting and durability. Additionally, the growing popularity of electric and hybrid passenger vehicles, which extensively employ ceramics in battery systems, further solidifies the dominance of the passenger vehicle segment. As the automotive industry continues to prioritize innovation and sustainability, the passenger vehicle segment remains at the forefront, contributing significantly to the widespread adoption of automotive ceramics.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=127800594

Asia Pacific region is the fastest growing in the global automotive ceramics market due to a convergence of dynamic factors. The region's burgeoning automotive industry, particularly in countries like China, Japan, and South Korea, is a primary driver. Increasing consumer demand, rising disposable incomes, and urbanization contribute to a robust market for vehicles, propelling the need for advanced materials like ceramics. Additionally, stringent emission regulations drive the adoption of lightweight and durable ceramic components. The rapid growth of electric vehicles in the Asia Pacific, supported by government initiatives, further accelerates the demand for ceramics in battery systems. The region's technological advancements, coupled with continuous research and development activities, position Asia Pacific as a hub for innovation and a key player in the global automotive ceramics market's accelerated growth, escalating investments in research and development activities contribute to technological advancements.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the automotive ceramics market. These are Kyocera Corporation (Japan), Ceramtec GmbH (Germany), Niterra (Japan), Coorstek Inc. (US), and Morgan Advanced Materials (UK).

Request Sample Pages @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=127800594

Niterra, previously recognized as NGK SPARK PLUG, stands at the forefront of the global industry in technical ceramics and automotive components. The company business divisions include automotive components, ceramics, and new businesses. The Automotive Components segment focuses on producing spark plugs, glow plugs, and automotive sensors crucial for both internal combustion engines (ICE) and electric vehicles (EV). Meanwhile, the ceramics segment manufactures and sells cutting tools and ceramic products for industrial and medical applications. Niterra focuses on pioneering research and development, aimed at providing innovative solutions for the future's societal challenges. The company has an international presence, with 41 group companies, 24 production plants, and five technical centers.

CoorsTek Inc. is one of the global leaders in manufacturing advanced ceramics, semiconductor tooling, plastic tubing, medical devices, and other industrial products. The company develops and manufactures a variety of automotive ceramics that can withstand extremely harsh environments and offer outstanding performance. It is working on improving its current technologies and providing critical components, assemblies, and engineered solutions to major industries worldwide. The company mainly serves the aerospace & defense, semiconductor, oil & gas, automotive, chemicals, and household durables industries, as well as heavy industries such as rail, energy, and mining. The company has developed more than 400 engineered ceramic materials for different end-use industries. It has emphasized the development of customized solutions that satisfy specific end-use requirements.

Make an Enquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=127800594

Contact:

Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/automotive-ceramic.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/automotive-ceramic-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.