[119 Pages Report] Automotive Ceramics Market was valued at USD 1.51 Billion in 2016 and is projected to reach USD 2.05 Billion by 2022, at a CAGR of 5.2% during the forecast period. In this report, 2016 has been considered as the base year and the forecast period has been considered from 2017 to 2022.
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Automotive ceramics are witnessing an expansion in the application area in the automotive industry around the world. Automotive engine parts, automotive exhaust systems, and automotive electronics are the major applications of automotive ceramics and account for the largest share of the automotive ceramics market. These are also gaining use in various other applications ranging from automotive brakes, coatings, lighting parts, and other parts and components. Among applications, the automotive electronics segment is projected to grow at the highest CAGR between 2017 and 2022. Automotive ceramics are extensively used in the manufacturing of various electronics such as power electronics, sensor systems, and temperature management electronics. Automotive electronics are the most important parts of an automobile and therefore, are the fastest growing application area of automotive ceramics.
The automotive ceramics value chain includes automotive ceramics manufacturers, such as Kyocera (Japan), CeramTec (Germany), NGK Spark Plug (Japan), CoorsTek (US), and Morgan Advanced Materials (UK), among others that manufacture automotive ceramic materials, such as alumina oxide ceramic, titanate oxide ceramic, zirconia oxide ceramic, and others.
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