Rising Automotive Industry to Reflect Positively on the North American Automotive Ceramics Market

North American automotive ceramics market is estimated to grow at a CAGR of 5.2% during the forecast period. The growing automotive industry is the major factor contributing to the growth of the market. As per the International Trade Administration, the US has one of the largest automotive markets across the globe. Overall, in 2018, the US was the second-largest market globally for vehicle sales and production. In addition, several automakers have US-based engine and transmission plants. These automakers perform R&D, design, and testing in the US.?In 2018, total foreign direct investment in the US automotive industry reached $114.6 billion. 

Browse the full report description of "North American Automotive Ceramics Market Size, Share & Trends Analysis Report, by Material (Alumina Oxide Ceramics, Zirconia Oxide ceramics, and Others), by Application (Automotive Engine Parts, Automotive Electronics, Automotive Exhaust Systems, and Others) and Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/north-american-automotive-ceramics-market

General Motors, FCA US, and Ford produce a large number of their vehicles, purchase more of their parts, and perform a large amount of their R&D in the US compared to their competitors. Therefore, they operate three out of five American auto assembly plants. This leads to the adoption of ceramics in exhaust systems, brake systems, and other automotive components. Ceramic filters keep costs low, provide fine filtration of particles, easy to mass-produce, and are extremely durable. Therefore, it is being significantly used in diesel exhaust systems. 

Additionally, rising electric vehicle (EV) production is encouraging the demand for ceramic materials. The ceramic electrolyte in lithium-ion batteries (used in electric vehicles) provides superior performance and prevents the formation of the dendrite. Ceramic materials are also used in EV electronics and subsystems coupled with their easy surface mount form, tiny size, and high-temperature rating factor.

Scope of the North American Automotive Ceramics Market

Market Coverage

• The market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Material and Application
• Countries Covered- US and Canada
• Competitive Landscape- Kyocera Corp., Ortech, Inc., 3M Co., CoorsTek Inc., and Morgan Advanced Materials plc

Key Development in the North American Automotive Ceramics Market

• In November 2019, 3M introduced the new Automotive Window Film Ceramic IR Series. Nano-ceramic technology was used to develop this series that offers an extreme level of infrared heat rejection and restrict interference with electronics. It is designed to offer style and comfort with an attractive neutral color. Apart from comfort and visibility benefits, the series blocks up to 99.9% of ultraviolet (UV) light and offers a total sun protection factor (SPF) up to 1000+. The Ceramic IR Series is developed with a metal-free design to eliminate the risk of interference with electronics, including satellite radio, GPS, or mobile devices, including 5G.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected country/segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Automotive Ceramics Market-Segmentation

By Material

• Alumina Oxide Ceramics
• Zirconia Oxide Ceramics
• Others

By Application

• Automotive Engine Parts
• Automotive Electronics
• Automotive Exhaust Systems
• Others

North American Automotive Ceramics Market– Segment by Country

• US
• Canada

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