The global automotive ceramics market size was USD 1.95 Billion in 2022 and is expected to register a revenue CAGR of 6.2% over the forecast period, according to the latest report by Reports and Data.
One of the primary elements driving market revenue growth is the growing demand for fuel-efficient automobiles. Automotive ceramics are used to reduce weight and boost fuel economy in brakes, exhaust systems, and engine components. Ceramic Matrix Composites (CMCs) and ceramic coatings are two examples of such materials. Furthermore, ceramic thermal barrier coatings are used to reduce heat transmission and increase engine efficiency.
The increasing prominence of automotive ceramics can be attributed to the rapid growth of the automotive industry. Manufacturers are focusing on enhancing vehicle performance in response to the rising demand for automobiles, which has led to the popularity of automotive ceramics. Moreover, these ceramics are increasingly being used in electric vehicles due to their superior thermal conductivity and ability to withstand high temperatures.
Furthermore, stringent government regulations aimed at reducing greenhouse gas emissions are another significant driver of market growth. Automotive ceramics, such as catalytic converters, can significantly reduce the emission of harmful pollutants from vehicles. Additionally, ceramic materials are utilized in Diesel Particulate Filters (DPF), which effectively reduce particulate matter emissions from diesel engines.
The market is also benefiting from the ongoing trend of customization in the automotive sector and the increasing demand for luxury cars. Automotive ceramics are employed for decorative purposes in luxury cars, both in interior trimmings and exterior aesthetics.
Additionally, the expansion of the market is fueled by the growing adoption of Advanced Driver Assistance Systems (ADAS) in automobiles. Radar parts and sensors, crucial components of ADAS, are made from automotive ceramics. As the demand for ADAS rises, ceramic capacitors and substrates, used in Electronic Control Units (ECUs) and power modules, are becoming increasingly prevalent.
As per the World Wide Fund for Nature (WWF), the incorporation of ceramics in automotive applications is projected to result in a remarkable weight reduction of up to 40%, consequently enhancing fuel efficiency by approximately 8%.
According to estimates by the U.S. Department of Energy, the utilization of advanced ceramics in automobiles holds the potential to significantly curtail emissions of pollutants like carbon dioxide (CO2) by an impressive range of 5-15%.
Standards for ceramic materials utilized in vehicles have been established by the U.S. Department of Energy, encompassing criteria for durability, strength, heat resistance, and thermal conductivity.
The Environmentally Friendly Vehicle Directive of the European Union (EU) mandates that all cars sold within its member states must adhere to minimum emission standards set by the EU, which are determined based on the fuel type and size of the vehicle.
Some Key Highlights from the Report
- In 2023, alumina oxide is projected to hold a substantial share of the revenue in the automotive ceramics market. This can be attributed to its exceptional mechanical strength and thermal stability, which make it a preferred choice for various automotive applications. Alumina oxide ceramics are particularly well-suited for engine components such as spark plugs, sensors, and valves, as they exhibit remarkable strength and can withstand high temperatures. Furthermore, their strong electrical insulation, minimal thermal expansion, and high resistance to corrosion make them highly suitable for a wide range of automotive applications, including brake systems, fuel cells, and catalytic converters.
- In 2023, engine components and exhaust systems are expected to make significant contributions to the revenue of the automotive ceramics market. Engine Parts Segment: The engine parts segment of the market is projected to witness substantial revenue growth throughout the forecast period. The increasing demand for high-performance engines in the automotive industry is a key driving factor for this growth. The utilization of ceramic materials in engine components offers several advantages, including enhanced durability, reduced emissions, and improved fuel efficiency. These factors are expected to drive the demand for ceramic engine components, consequently boosting the overall revenue.
- Segment for Exhaust Systems: The segment for exhaust systems in the automotive ceramics market is anticipated to experience significant revenue growth during the forecast period. The demand for high-performance exhaust systems in the automotive industry is a major driving force behind this growth. The use of ceramic materials in exhaust systems provides numerous benefits, such as improved heat management, lower emissions, and increased longevity. These advantages are expected to generate higher demand for ceramic exhaust systems, leading to a boost in revenue.
- The Asia-Pacific region is expected to dominate the global automotive ceramics industry. The region is home to a number of emerging nations, including China, India, and Japan, all of which have substantial automotive sectors and rising middle classes. This rise is driving the region’s demand for automobiles, which is also driving demand for automotive ceramics. The availability of low-cost ceramic components, as well as the rise of the e-commerce industry, are expected to drive market growth in the region.
- Some of the prominent players profiled in the global automotive ceramics market include CeramTec GmbH, Kyocera Corporation, Saint-Gobain Ceramic Materials, NGK Spark Plug Co., Ltd., Morgan Advanced Materials, CoorsTek, Inc., Kyocera Industrial Ceramics Corporation, Sumitomo Electric Industries, Ltd., Rauschert GmbH, and Maruwa Co., Ltd.
- Kyocera Corporation announced in 2020 the development of a novel ceramic material for car engine components that improves wear resistance and heat dissipation. The material is intended to be employed in high-performance engines in the future.
- The development of a new high-performance ceramic material for use in vehicle exhaust systems was announced by NGK Spark Plug Co., Ltd. in 2020. The material has increased durability as well as resistance to high temperatures and corrosion.
- Morgan Advanced Materials announced the release of a new range of ceramic sensors for use in car engines in 2021. The sensors are intended to offer precise and dependable information on engine performance and emissions.
- Sumitomo Electric Industries, Ltd. announced the creation of a novel ceramic material for application in vehicle fuel cells in 2022. The material outperforms traditional materials in terms of durability and performance, and it is expected to help to the creation of more efficient and dependable fuel cell cars.
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