This is attributable to the increasing focus on producing advanced ceramics by the manufacturers across the globe during the forecast period
The rising cases of people suffering from the novel coronavirus have not only disrupted the healthcare services but have also affected international trade and global supply chains. With major countries under lockdown imposed by the government across the globe, the movements of people and trade activities have come to an immediate screeching halt. However, collective efforts from the government and the industries are expected to ensure getting the economy back on track.
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Automotive ceramics include components such as sensors, catalysts, and spark plug insulators, among others that are reliable and robust. They possess high thermal, mechanical, and electrical properties that are being favored by automotive and vehicle manufacturers. In addition to this, they impart superior shock resistive property, high tensile strength, improved stiffness, and good chemical resistance than metals across the varying temperature ranges. The increasing demand for fuel-efficient and light-weight automotive is further driving the demand for ceramic products across the globe.
What does the Report Include?
The market report includes a detailed assessment of various market drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
Increasing Adoption of Advanced Automotive Ceramics to Foster Growth
These ceramics are highly durable and cost-efficient than plastic and thereby, are increasingly adopted in the automotive industry. The recent advancements in automotive manufacturing have resulted in the high complexity amongst automotive components. Therefore, advanced automotive ceramic materials are adopted into vehicle designs, wherein, the testing conditions demand a reliable and robust material.
The electrical and thermal properties of advanced ceramics enable them to be adopted in the automotive applications such as mechanical seals, sensors, valves, and ceramic bearings. Furthermore, owing to their high chemical and heat resistance properties, they are in huge demand to improve component life span and engine performance. Therefore, the increasing need for advanced ceramics in the automotive industry is expected to boost the global automotive ceramics market growth during the forecast period.
https://www.fortunebusinessinsights.com/automotive-ceramics-market-103360