Automotive Ceramics Market Analysis 2020-2027:

Automotive ceramics are innovative structural ceramic materials, which are used for producing components for automobiles. Spark plug insulators, sensors of various kinds, and supports for catalytic converters are few examples made from automotive ceramics. Ceramics are in use by majority of the top automobile components manufacturers, due to its exceptional properties, such as high durability, low electrical and thermal conductivity, high melting point, and hardness and strength. 

Moreover, ceramics are used in a range of sensors, ceramic bearings, mechanical seals, and valves, due to its thermal and electrical properties. And when automotive designs need a material which is reliable and robust, then automotive ceramics are used.

Ceramics are more durable than plastic and comparatively more cost efficient as compared to metals and can be found all over the automotive industry, as advances in car manufacturing require higher complexity in automotive components. 

Market scope and structure analysis:

COVID-19 Impact

• The global market for automotive ceramics market is severely impacted by the outbreak of the COVID-19 pandemic. 
• The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns. 
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
• Thus, insufficiency in raw material supply is expected to hamper the production rate of automotive ceramics, which negatively impact the market growth.

Top impacting factors: Market Scenario Analysis, Trends and Drivers

Automotive ceramics market is mainly driven, owing to its unique properties, such as durability, light weight, resistance to corrosion and many more. Because of these properties, automotive ceramics are highly useful in automotive applications, for instance engine parts, which is expected to drive the automotive ceramics market in the future due to the growing use of automotive ceramics in high-pressure pumps, electronic fuel spark plugs, glow plugs, pumps, valves, sealing & insulation rings, and others.

In automotive industry, ceramic material helps in facing various challenges faced by the automotive industry through its effectiveness under extreme high temperature and pressure and its ability to improve driving comfort, less fuel consumption, low wear, and higher driving safety. Thus, increase in demand for automotive across the world is the major factor boosting automotive ceramics market and simultaneously creating great opportunities.

Leading market players prefer zirconia oxide ceramics to manufacture automotive components and parts due to its high density, high fracture toughness, high flexural strength, and high chemical resistance properties, even though its expensive as compared to other oxide ceramics.

However, high cost of these ceramics than the alternatives such as plastics and metal is the major factor hindering the demand for automotive ceramics. 

Regional Analysis

The global automotive ceramics market is studied across major four regional markets including North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to be the largest market over the coming years in response to increase in demand for automotive ceramics in automotive components from automobile manufacturers, majorly in China and India. In addition, China and India are the prominent countries, which are anticipated to exhibit significant growth in the automotive ceramics market in Asia Pacific and this is further expected to complement the growth of this region. Moreover, North America is expected to register significant growth due to large market share of U.S. in the availability of automobile manufacture and more demand of the vehicle in the region.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global automotive ceramics market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global automotive ceramics market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global automotive ceramics market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global automotive ceramics market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Automotive Ceramics Marketresearch report:

• Who are the leading market players active in the automotive ceramics market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the automotive ceramics market?
• What are the projections for the future that would help in taking further strategic steps?