Asia-Pacific Automotive Ceramics market is estimated to grow at a significant CAGR of 6.8% during the forecast period. Stringent vehicle emission regulation is one of the crucial factors driving the growth of the market. On June 28, 2018, the Ministry of Ecology and Environment (MEE) of the People’s Republic of China launched the final rule for the China VI emission standard for heavy-duty vehicles. This emission standard was implemented in two phases. On July 1, 2019, China VI-a will come into effect for new gas-powered heavy-duty vehicles (HDVs), on July 1, 2020, for new urban HDVs, and July 1, 2021, for the remaining new HDVs. On January 1, 2021, China VI-b will come into effect for new gas-powered HDVs, later on, July 1, 2023, for all new HDVs. While completely implemented, China VI will need all new HDVs that are sold in China to fulfill the standard.
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Asia-Pacific Automotive Ceramics market is estimated to grow at a CAGR of 6.8% during the forecast period. Significant automotive parts manufacturing is the major factor contributing to the growth of the market. As per the Observatory of Economic Complexity (OEC), in 2018, vehicle parts were the 6th most traded product across the globe, with a total trade of $396 billion. In 2018, the top exporters of vehicle parts were Germany ($68.1 billion), Japan ($36.3 billion), China ($34.2 billion), Mexico ($30.1 billion), and the US ($ 27 billion). This represents that Japan and China have a potential share in the trade of vehicle parts. This, in turn, is leading to the adoption of automotive ceramics that are incorporated into automotive designs while challenging conditions need a material that is reliable and robust.
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Market Segmentation
Asia-Pacific Automotive Ceramics Market by Material
Alumina Oxide Ceramics
Zirconia Oxide Ceramics
Others
Asia-Pacific Automotive Ceramics Market by Application
Automotive Engine Parts
Automotive Electronics
Automotive Exhaust Systems
Others
Company Profiles
3M Co.
Anoop Ceramics
CeramTec GmbH
Compagnie de Saint-Gobain S.A.
Ibiden Co., Ltd.
Kyocera Corp.
Morgan Advanced Materials plc
Murugappa Morgan Thermal Ceramics Ltd.
NGKInsulators Ltd.
Vinayak Techno Ceramics
Global Market– Segmentation by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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