Press release
Ceramics Global Market 2024: Analyzing Growth Patterns, Business Opportunities, Future Trends, Developments, and Forecast Until 2033
Ceramics Global Market
The Business Research Company offers in-depth market insights through Ceramics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The ceramics market size has grown strongly in recent years. It will grow from $118.81 billion in 2023 to $124.75 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to artisanal heritage and tradition, technological advancements in production, historical architectural integration, cultural and artistic significance, historical trade and globalization.
The ceramics market size is expected to see steady growth in the next few years. It will grow to $150.37 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to rising demand in construction, sustainability and eco-friendly solutions, shift in consumer preferences, medical and healthcare sector growth, global urbanization trends. Major trends in the forecast period include cross-industry collaborations, ceramics in energy solutions, artistic expression, market expansion in developing regions, healthcare and bioceramics.
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Market Segmentation:
The ceramics market covered in this report is segmented -
1) By Type: Traditional, Advanced
2) By End User: Building And Construction, Industrial, Medical
3) By Application: Tiles, Sanitary Wares, Abrasives, Pottery, Bricks and Pipes, Other Applications
Major Driver - Construction Industry Boosting Ceramics Market Growth
A rise in the construction industry is expected to propel the growth of the ceramics market. 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. According to the global construction review report published in 2021, construction will be a driving force in global economic growth in the decade to 2030, with output estimated to be 35% greater than in the previous ten years to 2020. Therefore, the rise in the construction industry is driving the growth of the ceramics market.
Competitive Landscape:
Major companies operating in the ceramics market report are Saint Gobain, Minnesota Mining and Manufacturing Company, Kyocera Corporation, Corning Inc., Murata Manufacturing Co. Ltd., Mohawk Industries, Mohawk Industries Inc., Caesar, McDanel Advanced Ceramic Technologies, Sisecam Group, Imerys Ceramics, Materion Corporation, Morgan Advanced Materials, China Glass Holding, SCHOTT AG, CoorsTek, American Standard, CeremTec, Kajaria Ceramics Limited, Momentive Performance Materials Inc., Momentive, Blasch Precision Ceramics Inc., RAK Ceramics, Du-Co Ceramics Company, Unifrax, Applied Ceramics Inc., AGC Ceramics Co. Ltd., Rauschert GmbH, Ceramiche Caesar, Thermal Ceramics UK, Saint-Gobain
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Top Trend - Product Innovations In Ultra-High Temperature Ceramic Technology
Major companies operating in the ceramics market are concentrating on product innovations, such as ultra-high temperature ceramic forming precursor, to address the automation stumbling blocks many organizations are facing. An ultra-high temperature ceramic forming precursor is a material designed to undergo controlled chemical and thermal processes, ultimately transforming into high-performance ceramics capable of withstanding extremely elevated temperatures. For instance, in June 2021, Starfire Systems, a US-based company that provides revolutionary technology to transform polymers into ceramics, launched a new ultra-high temperature ceramic forming precursor, Hafnium Carbide (HfC). It stands out with its low-temperature curing below 200°C and a high ceramic yield when heated to 1600°C, enhancing energy efficiency and cost-effectiveness in ceramic production. The product's versatility, spanning ceramic matrix composites to high purity powder, positions it as a game-changer in various industries, including aerospace and electronics, expanding the ceramics market's capabilities and meeting the demand for advanced materials in high-temperature applications.
The Table Of Content For The Market Report 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
…..
27. Ceramics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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