Ceramics Market
Growth Factors of Ceramics Market
The ceramics market size was valued at USD 148.76 billion in 2023, and the market is now projected to grow from USD 160.67 billion in 2024 to USD 295.26 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period of 2024-2032.
Especially targeted at the construction industry, the market had many challenges because of the global restrictions during the pandemic, which resulted in pausing building processes and decreased demand. Machines and equipment increment in steel, automotive, Electronics, Aerospace and slowdowns in manufacturing facilities are more setbacks to the market. But at the beginning of 2022 the market began to gradually grow and gain pace again.
For tiles, bricks, pipes, and other sanitary wares the ceramics has vast application in the building and construction industry because of their toughness, electrical resistiveness, and chemical inertness. They are useful in-home decoration especially in the bathroom and kitchen fixtures and widely used in construction of school, offices, malls, etc. Several factors that may prompt market growth are the increasing requirement for these materials in different applications.
It is also important to note that the increases demand of ceramics is also taking place in fields such a medical and automotive. Bio-ceramics are applied in medical field as bone implants, for replacing teeth and for reconstruction of the boned due to fractures. Ceramics have applications in the automotive industry including the use in sensors, catalytic convertors, and mechanical parts among others. Similarly, technological advancement where ceramics is utilized in electronics, metallurgy, chemical, and energy sectors also plays a key factor on the growth of the market.
Comprehensive Analysis of Ceramics Market
The ceramics market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by type analysis, by application analysis, and by end-use industry analysis. By type analysis include traditional and advanced based on types. By application analysis include tiles, sanitary wares, abrasives, pottery, bricks and pipes, and others. By end-use industry analysis include building and construction, industrial, medical, and others.
The Asia Pacific region lead the ceramics market share by benefitting a market size of USD 62.98 billion in 2023 due to the growing infrastructure development in the region.
The top players have a significant responsibility in the chemicals & advanced materials industry for confirming industrial prospectus growth and determining the market trends. These players include, Kyocera Corporation, Corning Inc., Murata Manufacturing Co. Ltd., Morgan Advanced Materials, CoorsTek, CeramTec, Saint Gobain, 3M, Applied Ceramics Inc., Materion Corporation, McDanel Advanced Ceramic Technologies, Momentive Performance Materials Inc., Rauschert GmbH, Imerys S.A. these market players provide a level-playing competitive landscape.
In February 2021, CeramTec introduced ROCAR® 3D, a fast and cost-effective 3D printing process for producing construction elements from technical ceramic materials.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 7.9% over 2024-2032
Segmentation By Type
- Traditional
- Advanced
By Application
- Tiles
- Sanitary Wares
- Abrasives
- Pottery
- Bricks & Pipes
- Others
By End-Use Industry
- Building & Construction
- Industrial
- Medical
- Others
By Geography
- North America (By Type, By Application, By End-Use Industry, By Country)
- Europe (By Type, By Application, By End-Use Industry, By Country)
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific (By Type, By Application, By End-Use Industry, By Country)
- China
- India
- Japan
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- South America (By Type, By Application, By End-Use Industry, By Country)
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa (By Type, By Application, By End-Use Industry, By Country)
- Saudi Arabia
- Egypt
- Turkey
- Iran
- Rest of the Middle East & Africa
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