According to the report by Expert Market Research (EMR), the Global Automotive Ceramics Market Share reached a value of USD 2.49 billion in 2022. Aided by growth of autonomous vehicle industry and growing demand for lightweight vehicles, the market is projected to further grow at a CAGR of 5.40% between 2023 and 2028 to reach a value of USD 3.41 billion by 2028.
Automotive ceramics are advanced ceramic materials used in a variety of automotive components due to their superior thermal, electrical, and physical properties. These include spark plug insulators, sensors, catalytic converter supports, and other engine components. Besides, they are also being employed in electric and hybrid vehicle technologies, providing an avenue for lighter, more durable and efficient vehicles. The robust characteristics of automotive ceramics such as high-temperature stability, low thermal expansion, resistance to wear and corrosion, and electrical insulation, contribute to their growing indispensability in the automotive sector.
The mounting consumer preference for fuel-efficient, high-performing vehicles is a significant driver propelling the automotive ceramics market growth. Amid escalating awareness regarding carbon emissions and environmental sustainability, consumers are increasingly gravitating towards vehicles that deliver optimal performance with minimal ecological impact. This has resulted in a heightened demand for automotive ceramics, renowned for their contribution to enhancing vehicle efficiency and longevity.
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The diversifying applications of automotive ceramics across various automotive technologies are further bolstering automotive ceramics market demand. In electric and hybrid vehicles, ceramics are crucial for the manufacturing of solid-state batteries and fuel cells, playing a central role in the development of eco-friendly automotive solutions. The use of ceramics in exhaust systems as catalytic converter supports helps in reducing harmful emissions, aligning with global efforts towards a greener, cleaner environment.
Moreover, the growth of the autonomous vehicle industry has seen the incorporation of automotive ceramics in various sensors and electronic components, which are key to the functioning of these technologically advanced vehicles. Furthermore, the ceramic’s exceptional thermal management properties have made it an integral part of LED lighting systems in vehicles, contributing to improved safety and aesthetic appeal.
In addition, the ongoing advancements in materials science and technology have led to an increased emphasis on ceramics as a promising material for future automotive applications. The rise of nano-ceramics, boasting superior toughness and durability, has opened new avenues for ceramics’ application in the automotive industry, further propelling the automotive ceramics market expansion.
Furthermore, the market benefits significantly from the ongoing global trend of vehicle lightweighting. As manufacturers seek to improve fuel efficiency and reduce emissions, the utilisation of lightweight, strong, and durable ceramic components becomes critical. This trend, combined with the push for enhanced vehicle performance and efficiency, ensures a steady growth trajectory for the global automotive ceramics market in the foreseeable future.
The market can be divided based on material, application, end use, and region.
Market Breakup by Material
- Alumina Oxide Ceramics
- Titanate Oxide Ceramics
- Zirconia Oxide Ceramics
Market Breakup by Application
- Automotive Engine Parts
- Automotive Exhaust Systems
- Automotive Electronics
Market Breakup by End Use
- Passenger Vehicles
- Commercial Vehicles
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global automotive ceramics companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Morgan Advanced Materials plc
- Saint-Gobain Ceramics
- CeramTec GmbH
- NGK Spark Plug Co., Ltd.
- Ceradyne, Inc.
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