European Automotive Ceramics Market to see Rapid Growth by 2028

The European automotive ceramics market is estimated to grow at a CAGR of 5.2% during the forecast period. In July 2020, The German Government declared that it would invest over $1.7 billion in battery cell research and production, opening with nearly $354 million funding awarded to Varta, a battery company. This grant is the first step in a new initiative established under the EU Important Project of Common European Interest (IPCEI) program. Apart from Varta, the other four companies with battery-cell projects in the country will also be getting finance from the Ministry of Economic Affairs and Energy, which include Umicore, BASF, BMW Group, and Opel.

To Request a Sample of our Report on European Automotive Ceramics Market:  https://www.omrglobal.com/request-sample/european-automotive-ceramics-market

The German Government’s assistance for battery-cell projects could generate significant gains for the country. The demand for electric vehicles has witnessed a rise in the region, particularly Norway. As of May 2018, in Norway, there were 230,000 registered battery electric cars (BEVs). The Norwegian Government agreed that all new cars sold by 2025 should be zero-emission (hydrogen or electric). The adoption of hydrogen and BEVs have been led by policy instruments and a comprehensive range of incentives. Multilayer ceramic capacitor is commonly used in electric vehicle electronics and subsystems owing to their small size, extreme temperature ratings, and easy surface mount form factor. As with the battery management system (BMS), ceramic capacitors (rather than film capacitors) are recommended to withstand the high operating temperatures of the DC/DC converter. Therefore, the rising focus on electric vehicles R&D and production is creating a scope for the growth of the European automotive ceramics market.

Scope of the European 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- UK, Germany, France, Spain, Italy, and Rest of Europe

·        Competitive Landscape- Kyocera Corp., CeramTec GmbH, 3M Co., Dyson Technical Ceramics Ltd., and Morgan Advanced Materials plc

Key Developments in the European Automotive Ceramics Market

·        In May 2019, Kyocera Corp. declared that Kyocera Fineceramics GmbH, it's Germany-based headquarter, will acquire the advanced ceramics business of Friatec GmbH. With this acquisition, Kyocera will be able to provide comprehensive service to the customers through domestic manufacturing and sales. In addition, the company also aims to further enhance its fine ceramic business by reinforcing its capabilities to develop and supply prototypes with short delivery times.

·        In February 2019, Kyocera Corp. declared that Kyocera Fineceramics GmbH, its Germany-based European headquarters, completed an agreement to acquire H.C. Starck Ceramics GmbH, a manufacturer of advanced ceramics based in Selb, Germany. The acquisition of H.C. Starck Ceramics will support Kyocera to expand fine ceramic production assets in Europe, manufacturing lineup, and advanced technologies. In addition, this will enable Kyocera to further extend its fine ceramics business across the globe.

A full Report of European Automotive Ceramics Market is Available @  https://www.omrglobal.com/industry-reports/european-automotive-ceramics-market

European Automotive Ceramics Market-Segmentation

By Material

·        Alumina Oxide Ceramics

·        Zirconia Oxide Ceramics

·        Others

By Application

·        Automotive Engine Parts

·        Automotive Electronics

·        Automotive Exhaust Systems

·        Others

European Automotive Ceramics Market– Segment by Country

·        Germany

·        UK

·        France

·        Spain

·        Italy

Rest of Europe

Company Profiles

·        Ceramdis GmbH

·        CeramTec GmbH

·        Compagnie de Saint-Gobain S.A.

·        Dyson Technical Ceramics Ltd.

·        INMATEC Technologies GmbH

·        International Syalons (Newcastle) Ltd.

·        Kyocera Corp.

·        Morgan Advanced Materials plc

·        Murugappa Morgan Thermal Ceramics Ltd.

·        NGK Spark Plug Co., Ltd.

·        Rauschert GmbH

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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