Automotive Ceramics Market is expected to grow at a CAGR of 5.5% during the next five years, according to a newly added report by Stratview Research. Automotive ceramic products are lighter in weight, more durable, and offer better corrosion-resistance properties in comparison with traditional materials such as metals and plastics. This factor is serving as a catalyst for the wide adoption of ceramic materials in a wide array of applications in the automotive industry.
The report offers detailed insights into relevant market segments, their growth rates, latest market trends, forecasts, and other vital details. The market has been segmented in three ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different material types, the zirconia oxide ceramics segment is estimated to register the highest growth during the forecast period. Zirconia oxide ceramics are known for their properties such as high density, high fracture toughness, high flexural strength, and high chemical resistance owing to which they are extensively employed in automotive applications.
The automotive engine part is projected to register the largest share of the market in the coming five years, in the segment of application type.
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Asia-Pacific is expected to remain the largest market for occupant classification systems in the coming five years, according to the analyst.
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The report further mentions about the key manufacturing players Kyocera Corporation, CeramTec, NGK Spark Plug Co. Ltd., CoorsTek Inc., Saint-Gobain Ceramics Materials, Ceradyne Inc., Mcdanel Advanced Ceramic Technologoes LLC, Dyson Technical Ceramics Ltd., International Syalons (Newcastle) Limited, Inmatec Technologies GmbH, Blasch Precision Ceramics Inc., Applied Ceramics Inc., Ortech Advanced Ceramics, and Vinayak Techno Ceramics who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the automotive ceramics market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Automotive Ceramics Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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