Ceramics Market Report 2023: Estimated Yield, Revenue Analysis, New Opportunities and Forecast to 2032

As per the report published by The Brainy Insights, the global ceramics market is expected to grow from USD 227.60 billion in 2022 to USD 369.93 billion by 2030, at a CAGR of 6.26% during the forecast period 2022-2030. the Asia Pacific region emerged as the largest market for the global ceramics market, with a 39.45% share of the market revenue in 2022. The ever-increasing construction spending in developing economies owing to the expansion of the manufacturing sector is propelling the market's growth in this region. Furthermore, the rapid urbanization and increasing standard of living due to rising per capita income are helping to drive market growth in this region. In addition, the North American region is expected to show the fastest CAGR growth over the projection period due to the increasing preference for lightweight materials in various industries. Also, the rising economic growth, along with substantial investments across both commercial and residential construction, are helping to boost the market growth in this region.

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Ceramics Market Size by Application (Bricks & Pipes, Abrasives, Sanitary Ware, Pottery, Tiles, and Others), Product (Advanced and Traditional), End-Use (Industrial, Building & Construction, Medical, and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Leading companies in the industry include Corning Inc., Morgan Advanced Materials, Kyocera Corp., CeremTec., Murata Manufacturing Co. Ltd., McDanel Advanced Ceramic Technologies, 3M, Saint Gobain, CoorsTek , Blasch Precision Ceramics Inc., Momentive Performance Materials Inc., Applied Ceramics Inc., Materion Corporation, Caesar, Imerys Ceramics, Rauschert GmbH, and among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

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The application segment is divided into bricks & pipes, abrasives, sanitary ware, pottery, tiles, and others. The sanitary ware segment led the market with a market share of 27.17% in 2022. This growth is attributed to the rising construction activities across developing countries. The product segment is divided into advanced and traditional. The advanced segment led the market with a market share of 58.14% in 2022. This growth is attributed to the increasing demand for electronics products and growing demand from the medical & electronics sectors. The end-user segment is divided into industrial, building & construction, medical, and others. The building & construction segment led the market with a market share of 32.16% in 2022. This growth is attributed to the growing population and increasing disposable income of individuals.

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The increasing demand for ceramics from the construction, automotive, and medical sectors propels the ceramic market's growth. Further, high-performance advanced ceramics, technological, and engineering ceramics are also helping to stimulate the ceramics market growth during the forecast period. Additionally, the rise in nanotechnology, along with its growing use in aerospace & defence industries, boosted the market growth.

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