Published on : Apr 19, 2017
Albany, New York, April 19, 2017: The market is expected to register a CAGR of 8.52% over the period between 2017 and 2022, chiefly owing to the rising awareness regarding environment protection and the need to switch to biodegradable or environmentally-neutral products in most areas. The report states that stringent government regulations pertaining to emission control and reduction of greenhouse gases and other pollutants in the environment is the key growth factor of the market. The increased focus on the development of electric and hybrid vehicles run on sustainable and non-polluting energy sources is also leading to the increased adoption of ceramics in the automotive industry.
The rising prevalence of lung and respiratory diseases such as pulmonary cancer, leukemia, and asthma due to degrading quality of air and the role of the automotive industry in further exacerbating the issue of air pollution are also indirectly driving the market for automotive ceramics to a significant extent.
For the purpose of the study, the market for automotive ceramics has been segmented on the basis of criteria such as application and geography.
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In terms of application, the market has been examined for ceramic coatings, engine accessories, and ceramic sensors. Of these, the segment of engine accessories is presently the leading application segment of the automotive ceramics market, chiefly owing to stringent government regulations about vehicle emission. The segment of ceramic sensors is also expected to exhibit growth at a healthy pace, owing chiefly to technological advancements and the resultant improvement in applicability.
From a geographical perspective, the market with witness growth at a significant pace across developed regions such as North America and Europe. Nevertheless, the increasing production of vehicles in emerging economies across Asia Pacific will also provide ample growth opportunities for the automotive ceramics market. Thus, although North America and Europe will continue to dominate the global automotive ceramics market in terms of revenue contribution to the global market, the market in APAC is expected to grow at a strong pace over the forecast period.
The report also presents a detailed overview of the competitive landscape of the global automotive ceramics market complete with detailed business profiles of some of the leading players in the market and data pertaining to recent developments as observed in the market over the course of the report’s historical research span. Leading vendors operating in the global automotive ceramics market profiled in the report are Kyocera, Elan Technology, IBIDEN CO., Ltd., CeramTec, Morgan Advanced Materials, Saint Gobain Ceramic Materials, McDanel Advanced Ceramic Technologies, Dyson Technical Ceramic Ltd., Ceradyne Inc., CoorsTek Solutions, and Corning Inc.
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