Leading Ceramics End Use Markets Databank
The Ceramics market was valued at $247,210.0 Million in 2020, and is projected to reach $431,951.8 Million by 2029 growing at a CAGR of 6.45% from 2021 to 2029. Building & Construction segment is expected to be the highest contributor to this market, with $99,936.3 Million in 2020, and is anticipated to reach $175,158.9 Million by 2029, registering a CAGR of 6.49%. Medical segment is anticipated to reach $65,956.5 Million by 2029 with the highest CAGR of 6.55%. Building & Construction and Industrial segments collectively expected to account for about 66.7% share of the Ceramics market in 2020, with the former constituting around 40.4% share. Medical and Industrial segments are expected to witness significant growth rates at a CAGR of 6.55% and 6.55% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 41.4% in the overall Ceramics market in 2020, and is anticipated to reach 41.8% by 2029.
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