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In the transportation sector ceramics are overtaking conventional automotive manufacturing materials such as metals & plastics owing to its lucrative peculiarities. Automotive ceramics are lightweight, can endure extreme thermal conditions enhancing engine efficiency, and are capable of insulating thermally and electrically. These lucrative peculiarities of ceramics has landed it at the foremost spot of materials employed for manufacturing of electric vehicles. As the market for EVs is gaining significant pace globally, it is a major factor driving the automotive ceramic market demand. By material type the market majorly is bifurcated into titanate oxide ceramics, alumina oxide ceramics, and zirconia oxide ceramics.
Advanced autotomize ceramic material is also efficient in wear and corrosion resistance and is also comprised of catalytic converters which reduce emission of nitrogen oxides, carbon monoxide, and unreacted hydrocarbons. Consequently, it has have found immense scope of applications as these materials are employed in the manufacturing of internal combustion engine (ICE) automobile’s components. Prime examples of such apparatuses include spark plug insulators, catalytic convertors, and various automotive sensors. The most frequently use automotive ceramic is alumina ceramic which is bound by ceramic sealant.
The demand for nano ceramic coating is also escalating as the trend of autonomous luxury vehicle is setting in the developed regions of North America, Europe and Americas. The integration of technology such as IoT has augmented the uptake of automotive electronics which is further adding impetus to the uptake of automotive ceramics. Multilayer ceramic substrate are employed for manufacturing a gamut of automotive electronic products such as ECUs, LED packages, and sensor packages.
The global automotive ceramics market size was evaluated to be $1.75 billion in 2018. And, with the trend of electric vehicles and autonoumus vehicles settling in and moving towards commoditization, demand in the market is estimated to be progressing at a global CAGR of 5.1% during the forecast period of 2019 – 2025. Apart from automotive electronics, the market is witnessing impetus from the increasing demand of automotive sensors as well. Autonomous features such as blind spot monitor, advanced driver-assistance systems and lane departure warning system have emerged as common practices employed in vehicles. Hence, the demand ceramic sensor components including oxygen sensor, pressure sensor, proximity sensors, and capacitive sensors is impacting the automotive ceramic market size.
APAC leads the global automotive ceramic market demand as India and China pace up their ‘electric mobility’:
APAC is reckoned to be the leading region globally in terms of automotive ceramic market demand, as the region in 2018 generated 40% of the global demand share. This lucrative trade in APAC is attributable to the strong presence of globally leading automotive manufacturers in India, China, and Japan.
Some facts supporting the argument-
The trend of electric vehicles in the automotive sector in APAC is adding impetus to its automotive ceramics market. In 2018, the global electric car fleet exceeded 5.1 million units with China alone witnessing sales of nearly 1.1 million units. And it also led the global electric car stock with 2.3 million (approximately 50%) units. By 2030, China and Japan is estimated to secure 1st and 3rd position in global EV market. Not just EVs, even the contemporary ICE engine vehicles manufacturers are implementing ‘light weight design’ to enhance fuel efficiency of vehicles. The overall automotive market in APAC is flourishing as well with growth rate in India (+7.98%), Indonesia (+10.31%), and Malaysia (+12.18%).
After an acute analysis of the application segment of automotive ceramics market the major verticals are categorized into automotive exhaust systems, automotive engine parts, and automotive electronics. Further analysis estimates the automotive engine parts to be fastest growing application segment, progressing with an application CAGR of 4.8% during the forecast period of 2019 – 2025. The lead of this segment is attributed to the cumulative application of advanced automotive ceramics in glow plugs, high-pressure pumps, valves, spark plugs, electronic fuel pumps, and sealing & insulation rings.
Automotive Ceramics Market Companies:
The companies with majority of the automotive ceramics market share are Kyocera Corporation, CeramTec, NGK Ceramics USA Inc., NGK Spark Plug’s Group, CoorsTek, Inc., Morgan Advanced Materials, Saint-Gobain Ceramics & Plastics, Inc., Ibiden Co., Ltd., Ceradyne Incorporated, and Corning Incorporated.
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