The changing dynamics in Automotive Ceramics Market with covid-19 impact assessment
June 08, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Automotive Ceramics Market.
It was estimated prior to this unanticipated outbreak that the Automotive Ceramics Market will grow at 5.5% CAGR. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
For a more detailed breakdown of the COVID-19 impact on the Automotive Ceramics Market, request a free sample of the report here: https://www.stratviewresearch.com/Request-Sample/636/automotive-ceramics-market.html
Automotive Ceramics Market Segment Analysis:
Based on the material type, the market is segmented as alumina oxide ceramics, titanate oxide ceramics, zirconia oxide ceramics, and others. The zirconia oxide ceramics segment is estimated to register the highest growth during the forecast period. In automotive applications where superior properties are required, there, zirconia oxide ceramics are considered as they bear very high resistance to crack propagation. 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 the automotive applications.
Based on the application type, the market is segmented as automotive engine parts, automotive exhaust systems, automotive electronics, and others. It is estimated that the automotive engine parts segment will lead the market during the forecast period. Extensive use of automotive ceramics in the manufacturing of spark plugs, glow plugs, high pressure pumps, electronic fuel pumps, valves, sealing & insulation rings, and other automotive applications is the major factor behind the dominance of automotive engine parts.
In terms of regions, Asia-Pacific dominated the automotive ceramics market and is also expected to witness the highest growth during the forecast period. Asia-Pacific is the largest automotive market owing to significant economic development in the region, huge consumer base, increasing disposable income of consumers, and presence of key automotive OEMs, tier players, and ceramic material suppliers. China, South Korea, and Japan are the growth engines of the automotive ceramics market in the region.
Some of the key automotive ceramic suppliers are Kyocera Corporation, CeramTec, NGK Spark Plug Co., Ltd., CoorsTek, Inc., Saint-Gobain Ceramics Materials, Ceradyne Inc., Mcdanel Advanced Ceramic Technologies 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.
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Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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