DUBLIN–(BUSINESS WIRE)–The “Asia Pacific Automotive Ceramics Market By Application (Passenger Vehicles and Commercial Vehicles), By Material (Alumina, Zirconia and Other Material), By Country, Industry Analysis and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.
The Asia Pacific Automotive Ceramics Market is expected to witness market growth of 9.6% CAGR during the forecast period (2020-2026).
Governments in various countries maintain that stringent environmental regulations come into effect to reduce air emissions. Carmakers around the world are under strain to increased the weight of the cars produced to increase fuel efficiency. This is expected to increase demand for lightweight products such as aluminum, ceramics, and plastics.
The Indian government recently introduced pollution requirements for BS-VI, which adhere to European standards. These emission standards will become applicable as of April 1, 2020. This is expected to draw R&D investments and competition for lightweight products in the coming years.