[119 Pages Report] The Automotive Ceramics Market is expected to grow from USD
1.59 Billion in 2017 to USD 2.05 Billion by 2022, at a CAGR of 5.2% between
2017 and 2022. Expansions and acquisitions were the key strategies adopted by
the major players to strengthen their position in the automotive ceramics
market. The Asia Pacific region followed by North America and Europe witnessed the
maximum number of strategic developments undertaken by various players between
2012 and 2017.
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Kyocera (Japan) is one of the leading manufacturers of
automotive ceramics. In July 2017, the company and Toshiba Materials (Japan)
signed an agreement for the development and production of nitride ceramic
components for automotive applications. With this agreement, the company aims
to establish a strong foothold in the automotive ceramics market. The company
has a strong presence worldwide, especially, in APAC and Europe.
The growth of the Automotive Ceramics Market can be attributed
to the increasing demand for automotive ceramics from the automotive engine
parts, automotive exhaust systems, and automotive electronics applications
across the globe. The Automotive Ceramics Market is expected to witness
significant growth during the forecast period, which can be attributed to its
characteristics such as superior performance, safety, dependability, and
environmental sustainability. These materials can efficiently function under
extreme conditions such as high temperature, pressure, radiation, and corrosive
exposures. Therefore, the increasing use of automotive ceramics in wide-ranging
automotive applications is expected to drive the Automotive Ceramics Market
during the forecast period.
Key players operating in the automotive ceramics market are
Kyocera (Japan), CeramTec (Germany), NGK Spark Plug (Japan), CoorsTek (US),
Morgan Advanced Materials (UK), Saint Gobain Ceramic Materials (US), IBIDEN
(Japan), Ceradyne (US), and Corning (US)., among others.
CeramTec (Germany) and NGK Spark Plug (Japan) are other major
players in the automotive ceramics market. In February 2014, CeramTec expanded
its existing Laurens County facility, US, and invested approximately USD 13.2
million. The expansion was carried out to strengthen the ceramic business of
the facility.
In October 2017, NGK Spark Plug planned to establish a surplus
production plant in India to reinforce its automotive components manufacturing
capability. This expansion will help the company to gain a substantial share of
the automotive ceramics market.
This report provides a detailed analysis of the automotive
ceramics market and segments the market based on material, application, and
region. Based on material, the automotive ceramics market has been segmented
into alumina oxide ceramics, titanate oxide ceramics, zirconia oxide ceramics,
and others. Based on application, the market has been segmented into automotive
engine parts, automotive exhaust systems, automotive electronics, and others.
The automotive ceramics market has been studied for APAC, North America,
Western Europe, Central & Eastern Europe, South America, and the Middle
East & Africa.
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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
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