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The global automotive ceramics market was valued at US$ 2.37 Billion in 2021.
We expect the global automotive ceramics market to exhibit a CAGR of 5.60% during 2022-2027.
The rising demand for automotive ceramics components, such as valve systems, superchargers, knock sensors, etc., over traditional materials, owing to their durable, cost-effective, lightweight, safe, etc., properties, is primarily driving the global automotive ceramics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for automotive ceramics.
Based on the component, the global automotive ceramics market can be segmented into automotive engine parts, automotive exhaust systems, automotive electronics, and others. Currently, automotive engine parts hold the majority of the total market share.
Based on the material, the global automotive ceramics market has been divided into alumina oxide, titanate oxide, zirconia oxide, and others. Among these, alumina oxide currently exhibits a clear dominance in the market.
Based on the application, the global automotive ceramics market can be categorized into passenger vehicle and commercial vehicle. Currently, passenger vehicle accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global automotive ceramics market include Almatis GmbH, CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., Corning Incorporated, Elan Technology, Ibiden Co. Ltd., International Syalons (Newcastle) Limited, Kyocera Corporation, Morgan Advanced Materials, NGK Spark Plug Co. Ltd., and Noritake Co. Limited.
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