NEW YORK, Sept. 6, 2022 /PRNewswire/ — The “Automotive Emissions Ceramics Market Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the automotive emissions ceramics market between 2021 and 2026 is USD 27.22 million, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 4.25%. Technavio categorizes the global automotive emission ceramics market as a part of the global auto parts and equipment market. Our report provides extensive information on the value chain analysis for the automotive emissions ceramics market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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Key Market Dynamics:
Market Driver: The high demand from the automotive industry is one of the key drivers likely to influence market growth positively during the forecast period. Ceramics are compounds made of metallic or non-metallic elements and are known for their capacity to withstand high temperatures. Automotive ceramics, particularly the advanced versions, exhibit excellent physical, thermal, and electrical properties. Automotive ceramics are used in functional components such as spark plugs, glow plugs, and fuel injection systems. During the fiscal year 2021, global SUV sales increased by 3.07 million units compared to 2020. This, in turn, will drive the global demand for automotive emission ceramic during the forecast period.
Market Challenge: One of the key challenges to the global industrial industry growth is the declining demand for diesel vehicles. The demand for diesel-powered passenger vehicles has declined over the last few years. The Volkswagen scandal in 2015 raised doubts about the use of diesel engines as a relatively more environment-friendly alternative. Other technological advances, such as the variable compression ratio in gasoline-powered vehicles, will reduce the efficiency of diesel engines, thereby decreasing the demand for automotive emissions ceramics such as DPF. Such factors may hamper the market growth in the forecast years.
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Key Market Segment Highlights:
The automotive emissions ceramics market report is segmented by Type (Honeycomb and GPF and DPF) and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
Regional Opportunities: 69% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive emissions ceramics in APAC. Market growth in this region will be faster than the growth of the market in North America, Europe, and MEA. The increase in the number of on-road vehicles and the rising government focus on reducing vehicular emissions are compelling