Dublin, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The "Automotive Ceramics: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Automotive Ceramics Market to Reach $2.5 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Automotive Ceramics estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.5 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Functional Ceramics, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$1.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Structural Ceramics segment is readjusted to a revised 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $274.7 Million, While China is Forecast to Grow at 8.1% CAGR
The Automotive Ceramics market in the U.S. is estimated at US$274.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$813.6 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Select Competitors (Total 67 Featured) -
- 3M Company
- CeramTec GmbH
- CoorsTek, Inc.
- Corning, Inc.
- Dyson Technical Ceramic Ltd.
- Elan Technology
- IBIDEN CO., Ltd.
- Kyocera Corporation
- McDanel Advanced Ceramic Technologies LLC
- Morgan Advanced Materials Plc
- NGK Insulators Ltd.
- Saint Gobain Performance Ceramics and Refractories
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
| Report Attribute | Details |
| No. of Pages | 544 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.6 Billion |
| Forecasted Market Value (USD) by 2030 | $2.5 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Superior Ceramic Properties of Automotive Ceramics Expand Potential Applications in Automotive Industry
- Ceramics to Benefit from the Over 23% Share of Lightweight Material Usage in Auto Production
- Corrosion Resistant Advanced Ceramics Such as Silicon Carbide Ceramics Find Wider Use in Automotive Industry
- Rise in Application of PZT
- CMC Gain Traction Led by Superior Mechanical Properties
- With Use of Ceramics on the Rise in Automobiles, Global Automotive Production to Significantly Impact Market Growth
- Emergence of EVs and Hybrids as Alternatives to Gasoline Powered Automobiles to Spur Demand for Ceramics
- Increasing Penetration of Electric Vehicles Furthers Market Expansion
- Tightening of Automobile Emissions Regulations Fuels Demand for Advanced Ceramics
- Emission Control Legislations in Select Regions/Countries
- Amidst Strict Government Regulations, Ceramics to Play Vital Role in Purifying Emissions in Exhaust Systems
- Increasing Integration of Electronic Systems in Modern Vehicles Influences Market Prospects
- Explosion of Electronic Systems in Modern Cars Driven by Increasing Awareness of Safety Features to Benefit Market Growth: Global Automotive Electronics Market (In US$ Billion) for the Years 2018, 2020, 2022 & 2024
- Rising Adoption of Zirconia Ceramics in Manufacturing Auto Parts Bodes Well for Market Growth
- Incremental Demand for Automotive Sensors Presents Untapped Potential for High Strength and High Temperature Resistant Zirconia Ceramics
- Growing Need for Safe, Eco-friendly and Comfortable Automobiles to Fuel Use of Ceramic Capacitors
- Nano-Ceramics Offer Significant Benefits for Auto Industry
- Innovations & Advancements Drive Growth of Automotive Ceramics
- A Glance at Select Innovative Automotive Ceramic Products
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/2vx50j
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