Automotive carbon ceramic brakes provide improved braking performance, enhanced strength and durability, and are significantly lighter in weight compared to traditional cast iron brakes. Carbon ceramic brakes are made from potassium or silicon carbide-based ceramic materials that are mixed with carbon fibers and cured under high heat. They offer excellent resistance to wear and corrosion and can sustain extreme temperatures without noticeable fade.
The significantly reduced weight of carbon ceramic brakes helps improve fuel efficiency. Moreover, the braking performance and feel are enhanced due to minimal brake dust and pad glazing. Carbon ceramic brakes are increasingly being used in high-performance sports cars, supercars, hypercars, as well as premium SUVs owing to their compelling performance and reliability advantages over conventional brake materials.
The Global Automotive Carbon Ceramic Brakes Market is estimated to be valued at US$ 198.94 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Automotive Carbon Ceramic Brakes Market are DowDuPont Inc., BASF SE, Clariant AG, Air Liquide Group, Ashland Global Holdings Inc., Lonza Group Ltd., Penta International Corporation, Galaxy Surfactants, and Akema Fine Chemicals.
The growing Automotive Carbon Ceramic Brakes Demand for high-performance vehicles worldwide is driving the need for lightweight braking systems with superior braking capabilities. Carbon ceramic brakes are increasingly being incorporated in luxury and sports cars. Technological advancements include the development of more durable ceramic materials, automated manufacturing processes, and new production technologies that have made carbon ceramic brakes more affordable. Several automakers are expected to offer carbon ceramic brakes as an optional feature across more vehicle segments.
Market Trends
Growing popularity of electric vehicles: Leading Automotive Carbon Ceramic Brakes Companies are focusing on developing electric vehicles with longer driving ranges to boost adoption. The lightweight carbon ceramic brakes can help extend the mileage of EVs.
Usage in luxury SUVs: Premium SUVs are witnessing strong demand globally. To provide superior braking and handling characteristics, some luxury SUV models offer optional carbon ceramic brakes.
Market Opportunities
Development of 3D-printed carbon ceramic brakes: 3D printing technology enables more complex designs and geometries at lower costs. Its use can make carbon ceramic brakes more affordable.
Application in mass-market passenger vehicles: With continued technology advancement and economies of scale, carbon ceramic brakes may become a standard fitment in certain mainstream vehicle trims by the later part of the forecast period. This represents a significant sales opportunity.
Impact of COVID-19 on Automotive Carbon Ceramic Brakes Market
The COVID-19 pandemic has severely impacted the Automotive Carbon Ceramic Brakes Market. During the peak of lockdowns in 2020-21, production and sales of automobiles reduced drastically across major markets due to supply chain disruptions and declining consumer demand. This negatively affected the demand for carbon ceramic brakes from automotive OEMs. However, with gradual lifting of lockdowns and resumption of economic activities, the automotive sector is recovering steadily since late 2021. The carbon ceramic brakes market is projected to bounce back and witness steady growth in the coming years, though at a marginally lower rate than the pre-pandemic expectations.
Manufacturers will need to focus on sustaining production while maintaining necessary safety protocols. They will have to cater to short-term volatility in demand by efficiently managing inventory levels and supply chains. OEMs and braking system suppliers must collaborate closely to address any delays in projects and new product development plans disrupted by the pandemic situation. The market is expected to regain lost growth momentum through increased sales of premium and luxury vehicles where carbon ceramic brakes feature predominantly.
North America and Europe
In terms of value, North America and Europe together account for around 65% of the global Automotive Carbon Ceramic Brakes Market. This is attributed to the high sales of luxury and performance vehicles mainly in the United States, Germany, United Kingdom and other developed economies where consumer preference for advanced braking technologies is significantly high. The presence of leading global players and robust automotive manufacturing industry further strengthens the market concentration in these regions.
Asia Pacific
The Asia Pacific region has emerged as the fastest growing market for automotive carbon ceramic brakes globally. This enormous growth is driven by increasing automobile production coupled with rising disposable incomes in developing countries like China and India. As their economies prosper, these populous nations are witnessing substantial growth in sales of mid to high-end passenger cars fitted with carbon ceramic brakes by default or as a luxury option. Asia Pacific will continue dominating the world in terms of volume sales in the forecast period.
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