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The objective of the Automotive Ceramics Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Automotive Ceramics Market.
Market Insights – The Automotive Ceramics Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Automotive Ceramics Market are-
• Kyocera Corporation
• CeramTec
• CoorsTek, Inc
• Saint–Gobain Ceramic Materials
• NGK Spark Plug Co., Ltd.
• Ceradyne Inc. (3M Company)
• Mcdanel Advanced Ceramic Technologies LLC
• Dyson Technical Ceramics Limited
• International Syalons (Newcastle) Limited
• Inmatec Technologies GmbH
Growth drivers and Market Value:
This report, from Stratview Research, studies the Automotive ceramics market value and growth drivers over the trend period of 2022-27. According to the report -
Automotive ceramics market is likely to witness an impressive CAGR of 5.5% during the forecast period. Automotive ceramic products are lighter in weight, more durable, and offer better corrosion-resistance properties in comparison with traditional materials such as metals and plastics. This factor is serving as a catalyst towards the wide adoption of ceramic materials in a wide array of applications in the automotive industry.
Segment Analysis:
Based on by Material Type:
Based on the material type, the market is segmented as alumina oxide ceramics, titanate oxide ceramics, zirconia oxide ceramics, and others. The zirconia oxide ceramics segment is estimated to register the highest growth during the forecast period. In automotive applications where superior properties are required, there, zirconia oxide ceramics are considered as they bear very high resistance to crack propagation. Zirconia oxide ceramics are known for their properties such as high density, high fracture toughness, high flexural strength, and high chemical resistance owing to which they are extensively employed in the automotive applications.
Based on Regional:
In terms of regions, Asia-Pacific dominated the automotive ceramics market and is also expected to witness the highest growth during the forecast period. Asia-Pacific is the largest automotive market owing to significant economic development in the region, huge consumer base, increasing disposable income of consumers, and presence of key automotive OEMs, tier players, and ceramic material suppliers. China, South Korea, and Japan are the growth engines of the automotive ceramics market in the region.
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Critical Questions Answered in the Report
l What are the key trends in the global Automotive Ceramics Market?
l How the Automotive Ceramics Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Automotive Ceramics Market?
l What are the key strategies adopted by the major vendors to lead in the Automotive Ceramics Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Automotive Ceramics Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
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