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Forecasted CAGR of 3.9% for Pottery Ceramics Market Between 2023-2032 Indicates Significant Surge in Demand || American Art Clay Company Inc., Bhoomi Pottery, Bluematchbox Potters Supplies Ltd
Pottery Ceramics Market
Pottery Ceramics Market Size, Growth Rate, And Forecast
The global pottery ceramics market size is expected to grow from $10.55 billion in 2022 to $11.00 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global pottery ceramics market size is expected to grow to $12.82 billion in 2027 at a CAGR of 3.9%.
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Pottery Ceramics Market Drivers
The increasing investment in the infrastructure is expected to propel the growth of the pottery ceramics market going forward. Infrastructure refers to the essential architecture and systems that support a nation, city, or region, such as power plants, institutions, and communication and transportation networks. Ceramic products are used in the interiors of buildings to enhance their aesthetic appeal. Also, in the construction sector, ceramics can endure high temperatures, provide effective thermal insulation, and do not undergo significant thermal expansion. Hence, the increase in infrastructure development will drive the demand for pottery ceramics. For instance, according to USAFacts, a US-based non-profit impartial organization and website that offers information and statistics about the population of the United States, the federal government of USA spent $36.6 billion directly on infrastructure, and an additional $94.5 billion was transferred to states as part of the program in 2020. Also, state and local governments invested $211.8 billion in infrastructure and transportation exclusive of contributions from the federal government. It accounted for 57% of all government infrastructure and transportation spending. Therefore, increasing investment in the infrastructure is driving the growth of the pottery ceramics market.
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Pottery Ceramics Market Segments
• By Product: Tableware, Art Ware, Other Products
• By Application: Residential, Commercial
• By End-Use: Building And Construction, Industrial, Medical, Other End-Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the pottery ceramics market.
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Pottery Ceramics Market Key Players
Major competitors in the pottery ceramics market are American Art Clay Company Inc., Bhoomi Pottery, Bluematchbox Potters Supplies Ltd., CCGNZ Group Limited, Clay-King, Laguna Clay Company, SaJo Ceramics, Sheffield Pottery Inc.
The Business Research Company's "Global Pottery Ceramics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Pottery Ceramics Market Include:
1. Executive Summary
2. Pottery Ceramics Market Characteristics
3. Pottery Ceramics Market Trends And Strategies
4. Pottery Ceramics Market - Macro Economic Scenario
5. Pottery Ceramics Market Size And Growth
………………
27. Pottery Ceramics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pottery Ceramics Market
29. Pottery Ceramics Market Future Outlook and Potential Analysis
30. Appendix
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