Chemicals and Materials Automotive Ceramics Market New | Page 2

The automotive engine parts application segment accounted for the largest share of
the Automotive Ceramics Market in 2016.
Based on application, the automotive engine parts segment accounted for the largest share
of the Automotive Ceramics Market in 2016. Automotive ceramics are used in various
applications, ranging from automotive engine parts, automotive exhaust systems,
automotive electronics, and others. Automotive ceramics are replacing metals and plastics
in the automotive engine application, as they are lightweight, electrically/thermally
insulating, and resistant to heat, and chemicals, shockproof, wear-resistant, and reliable.
Other applications of automotive ceramics include automotive brakes, coatings, and
lighting. Automotive electronics is the fastest-growing application segment of the
Automotive Ceramics Market. Automotive ceramics are extensively used in the
manufacturing of various electronics such as power electronics, sensor systems, and
temperature management electronics.
The Asia Pacific Automotive Ceramics Market is projected to grow at the highest
CAGR during the forecast period.
The Automotive Ceramics Market has been studied for Asia Pacific, North America,
Western Europe, Central & Eastern Europe, Middle East & Africa, and South America. The
Asia Pacific Automotive Ceramics Market is projected to grow at the highest CAGR during
the forecast period. The growth of the Asia Pacific Automotive Ceramics Market can be
attributed to the growing demand from of automotive parts and components from
automobile manufacturers. The region is witnessing the highest growth due to rapid
economic expansion, especially in China and India.
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Some of the key players operating in the automotive ceramics market are Kyocera (Japan),
CeramTec (Germany), NGK Spark Plug (Japan), CoorsTek (US), Morgan Advanced Materials
(UK), Saint Gobain Ceramic Materials (US), IBIDEN (Japan), Ceradyne (US), and Corning
(US), among others. Competition among these players is high, and they mostly compete
with each other on the prices and quality of the products, their product portfolios, after sale
services, and customized solutions, among others.