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Ceramics Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
Ceramics
The Business Research Company's Ceramics Global Market Report 2023 identifies rise in the construction industry the major driver for the Ceramics market's growth in the forecast period. Due to the rapid increase in urbanization, more construction is being done in both developed and developing countries, which has increased the demand for ceramics and ceramics-related products. According to Invest India, between April 2000 and March 2021, India's urban development and construction activities totaled $26.08 billion and $24.72 billion, respectively.
The global ceramics market size will grow from $117.99 billion in 2022 to $129.56 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. 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 market size of the ceramics is expected to grow to $190.78 billion in 2027 at a CAGR of 10.2%.
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Major competitors in the Ceramics market are 3M, AGC Ceramics Co., Ltd., Applied Ceramics Inc., CeremTec, CoorsTek.
A key trend in the Ceramics market includes technological advancements. Technological advancements, such as 3D printing, are knowledge discoveries that advance technology. For instance, in February 2021, CeramTec, a Germany-based manufacturer of ceramic products, developed a new 3D printing process named ROCAR 3D, for the production of construction elements made from technical ceramic material.
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The Ceramics market is segmented -
• By Type: Traditional, Advanced
• By End User: Building And Construction, Industrial, Medical
• By Application: Tiles, Sanitary Wares, Abrasives, Pottery, Bricks and Pipes, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Ceramics market.
The Business Research Company's "Global Ceramics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Ceramics Market Include:
1. Executive Summary
2. Ceramics Market Characteristics
3. Ceramics Market Trends And Strategies
4. Ceramics Market - Macro Economic Scenario
5. Ceramics Market Size And Growth
……
26. Africa Ceramics Market
27. Ceramics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ceramics Market
29. Ceramics Market Future Outlook and Potential Analysis
30. Appendix
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