The US automotive ceramics market is estimated to grow at a CAGR of 5.7% during the forecast period. The rising automotive industry is the major factor in driving the market growth. As per the International Trade Administration (ITA), the US has one of the largest automotive markets across the globe. In 2018, the US light vehicle sales reached 17.2 million units. In 2018, the US was the second-largest market for the production and sales of vehicles. In addition, several automakers have transmission and engine plants in the US and perform R&D, design, and testing in the US.?In the US, total foreign direct investment (FDI) in the automotive industry reached $114.6 billion in 2018.
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In 2018, the US exported 1.8 million new light vehicles and 131,200 medium and heavy trucks (valued at more than $60 billion) to over 200 markets across the globe, with additional exports of automotive components was valued at $88.5 billion. This, in turn, has led to the adoption of automotive ceramics that are used in the vehicle components. Some instances of automotive components where ceramics are applied include catalysts and catalyst supports for emission control devices, spark plug insulators, and sensors of several types.
The market is segmented based on material and application. Based on material, the market is classified into alumina oxide ceramics, zirconia oxide ceramics, and others. Based on the application, the market is classified into automotive engine parts, automotive electronics, automotive exhaust systems, and others. Automotive engine parts are estimated to gain potential share in the market owing to the presence of some key manufacturers of the automotive engine such as Cummins Inc. and General Motors in the country. The ceramic-based automotive engine has been gaining significance owing to its major benefit of improving fuel efficiency without affecting the safety or performance of automobiles.
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US Automotive Ceramics Market-Segmentation
By Material
- Alumina Oxide Ceramics
- Zirconia Oxide Ceramics
- Others
By Application
- Automotive Engine Parts
- Automotive Electronics
- Automotive Exhaust Systems
- Others
Company Profiles
- 3M Co.
- Applied Ceramics, Inc.
- Blasch Precision Ceramics, Inc.
- CoorsTek, Inc.
- Corning, Inc.
- Elan Technology, Inc. (ET)
- Kyocera Corp.
- McDanel Advanced Ceramic Technologies, LLC
- Morgan Advanced Materials plc
- Ortech, Inc.
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