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Global Automotive Ceramics Market Accelerates Towards $3.5 Billion by 2028

Hillary Cargo
By Hillary Cargo Senior Editor, SME Media

The global automotive ceramics market is set for substantial growth, projected to reach US$ 3.5 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period from 2023 to 2028. Key factors propelling this growth include the thriving automotive industry, rising demand for electric vehicles (EVs), and continued product innovations.

Automotive ceramics are robust materials used in various automotive components, offering durability, cost-effectiveness, lightweight properties, corrosion resistance, and exceptional wear characteristics. Made primarily from titanate, alumina, and zirconia oxides, these ceramics protect vehicles against dirt, UV rays, scratches, and chemical contaminants.

The market is driven by:

  • Booming Automotive Industry: Ceramics are extensively used in manufacturing various automotive components, benefiting from the flourishing global automotive industry.
  • EV Demand: The increasing adoption of electric vehicles, equipped with electronic ceramic components and sensors, fuels the market.
  • Product Innovations: High-tech glass ceramics featuring high technical strength, insulation properties, and resistance to electricity and heat are contributing to market growth.
  • Emphasis on Lightweight Components: Growing demand for lightweight components enhances vehicle performance, cost-effectiveness, and fuel efficiency.
  • Research and Development: Extensive research and development activities, along with government initiatives for emission control and greenhouse gas reduction, further bolster market growth.

The global automotive ceramics market is segmented into automotive engine parts, exhaust systems, electronics, and more. Primary materials used are alumina oxide, titanate oxide, and zirconia oxide. These ceramics are employed in both passenger and commercial vehicles.

The Asia-Pacific region leads the market, driven by its growing automotive industry, surging EV sales, and eco-friendly materials adoption. North America, Europe, Latin America, and the Middle East and Africa also contribute significantly.

Key players in the market include Almatis GmbH, CeramTec GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., and others. These companies are investing in research and development, facility expansion, and collaborations to enhance their product portfolios. As the automotive ceramics market continues to grow, these industry leaders are poised to thrive in the evolving automotive landscape.

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