Porcelain Market
Growth Factors of Porcelain Market
The Porcelain market size was valued at USD 9.52 billion in 2023, and the market is now expected to grow from USD 9.89 billion in 2024 to USD 15.56 billion by 2032, exhibiting a CAGR of 7.84% during the forecast period of 2024-2032.
Consumer choices and tastes have modified in the previous couple of years due to COVID-19 pandemic. Factors like supply disruption chains, production and assembly delays, uncooked cloth constraints, exertions shortages pulled down the worldwide Porcelain Market growth for the duration of the early section of the pandemic. On hindsight we will see that online income for porcelain products grew hastily after a while.
The need for porcelain products is influenced by the growth of urban residents and increasingly pictorial housing infrastructures particularly in developing areas. Likewise, in private dwellings, shops and building sites porcelain tiles, panels among others are frequently used for floorings, shielding of walls or anything else. Furthermore, more decorative porcelain goods such as table lamps or candlesticks etc., meant to enhance house appearances are becoming more popular especially due to urbanization hence overall Porcelain Market share expansion.
Recently, personalized and customized ceramic items have been gaining more attention from clients. Firms have been addressing this trend of personalization through the use of the latest technologies like 3D printing applications that allow for customization in terms of design and availability enabling individuals to come up with unique products based on their specific tastes and preferences. Aside from that, there is also a demand for eco-friendly products manufactured out of reused components by consumers thus bolstering market expansion.
Comprehensive Porcelain Market
The Porcelain market is growing at rampant rate due to its market segmentation. These segmentations are systematically segregated by Application Analysis, by Type Analysis. The Application Analysis includes home and commercial. The Type Analysis such as tableware and home accessories.
The North America area lead the Porcelain market with the resource of estimate a market size of USD 2.95 billion in 2023 due to increased social dining and home cooking trends.
The top players in the market play a crucial role in the Consumer Goods industry assuring development and setting market standards. These players include, Bernardaud (France), Haviland & Co (France), Richard Ginori (Italy), NARUMI CORPORATION (Japan), Noritake Co., Ltd. (Japan), Fiskars Group - Royal Doulton (U.K.), Fiskars Group (Finland), Fiskars Group - Wedgwood (U.K.), Lenox Corporation (U.S.), Vista Alegre (Portugal), Portmeirion Group PLC (U.K.) these market players provide a competitive landscape.
In May 2023, NARUMI CORPORATION, a Japanese bone China and porcelain merchandise producer and distributor, attended HOFEX and HOTELEX, two well-known change exhibitions in Asia that cater to the lodge and food provider enterprise. At these exhibitions, the business enterprise puts most important emphasis at the style of its products thereby pleasant the growing customer demand.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.84% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
- Tableware
- Home Accessories
By Application
By Region
- North America (By Type, Application, and Country)
- U.S.
- Canada
- Europe (By Type, Application, and Country )
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Asia Pacific (By Type, Application, and Country )
- China
- Japan
- South Korea
- South East Asia
- India
- Australia
- Rest of the Asia Pacific
- South America (By Type, Application, and Country )
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa (By Type, Application, and Country )
- Turkey
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
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