Automotive Ceramics Market size was over USD 2.26 billion in 2024 and is anticipated to cross USD 4.94 billion by 2037, growing at more than 6.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive ceramics is estimated at USD 2.37 billion. The primary factor attributed to the growth of the automotive ceramics is attributed to the rapid growth in the automotive industry during the past years. The recent statistics reveal that the global automotive industry is expected to reach approximately USD 9 trillion by 2030.
Automotive ceramics are being heavily utilized in varied processes in car manufacturing processes owing to their unique properties. As comparative to the conventional materials such as plastic and metal, automotive ceramics are lighter in weight, durable, corrosion-resistant, and other advantages. Owing to this trend, key players are increasing the employment rate in automotive sector that is expected to raise the adoption rate of automotive ceramics in varied purposes. A latest report found that in fiscal year 2018, the Indian automotive industry employed approximately 2 million people.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?