Press release
Automotive Ceramics Worldwide Research Report 2020: Market Share, Trends, Forecast to 2027
According to AMR study, the industry is projected to generate a revenue of $3.1 billion by 2027 at a CAGR of 6.5% from 2020 to 2027. The market was valued at $1.9 billion in 2019. The industry has observed prominent growth due to stringent vehicle emission control regulations and the surge in demand for fuel-efficient vehicles & EVs. Furthermore, rapid advancements in engine technologies such as turbocharged engines and direct fuel injection systems have increased the demand for sensors made from ceramic materials. In addition, rise in demand for passenger and commercial vehicles is expected to create huge opportunities for the sector in the forthcoming years.
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Key questions covered in the report
What are the main growth drivers of the automotive ceramics market?
Which region is expected to have the fastest growth rate in the sector?
Which are the top companies operating in the industry?
What are the upcoming trends in the sector?
Latest advancements in the industry
The industry has experienced significant advancements in the last few years, emphasizing performance, durability, and application of ceramic materials used in the automotive industry. Some of the key developments in this field are as follows:
Enhanced Material Properties
Innovations in ceramic composites have led to the development of materials that combine high strength, toughness, and wear resistance. For instance, zirconia oxide ceramics are increasingly favored for demanding applications such as sensors and engine components due to their exceptional mechanical characteristics and thermal stability.
New ceramic coatings offer improved heat management capabilities. These coatings help reduce the temperature of exhaust system surface, enhancing overall vehicle performance and safety.
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Manufacturing innovations
The adoption of advanced sintering processes has improved the efficiency of ceramic production. These techniques allow creation of lighter and stronger components while reducing manufacturing costs, making ceramics more accessible for various automotive applications.
The integration of additive manufacturing into ceramic production enables the fabrication of complex geometries that were previously difficult to achieve. This innovation allows customization and minimizes material waste, aligning with sustainability goals in automotive manufacturing.
Sustainability initiatives
Surge in emphasis on using sustainable materials in automotive ceramics has been witnessed, driven by regulatory pressures and consumer preferences. Many manufacturers explore ceramics derived from renewable sources or recycled materials to enhance eco-friendliness while maintaining performance standards.
Moreover, automotive ceramics play a key role in reducing harmful emissions through applications such as catalytic converters and diesel particulate filters. These components significantly lower pollutants emitted by vehicles, aligning with stringent environmental regulations.
Industrial snapshots
In May 2023, Ceramtec GmbH, a manufacturer and supplier of technical ceramics, introduced products such as Rubalit ZTA, which offers remarkable flexural strength and thermal conductivity, catering to the evolving needs of the automotive sector. Rubalit ZTA is a high-performance ceramic material that combines zirconia and alumina. It is mainly designed to meet the demanding requirements of the automotive sector, particularly in applications related to power production and electromobility.
Competitive Landscape
The AMR report delivers a comprehensive analysis of the market's competitive landscape utilizing scientific analytical tools, such as Porter's Five Forces framework. This study profiles key companies through primary research methodologies to provide an in-depth understanding of their market positions.
The major players highlighted in the report include:
STANFORD ADVANCED MATERIALS
COORSTEK INC.,
FERROTEC HOLDINGS CORPORATION,
VENATOR MATERIALS PLC
NORITAKE CO. LTD.,
ALMATIS GmbH,
COMPAGNIE DE SAINT-GOBAIN S.A.,
INTERNATIONAL SYALONS (NEWCASTLE) LIMITED
HOGANAS AB,
ELAN TECHNOLOGY
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In conclusion, the automotive ceramics industry report offers a thorough market analysis, equipping businesses with valuable insights to enhance their competitive advantage. The report empowers organizations to develop more effective strategies for success by emphasizing current trends and recent developments.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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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