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Ceramics Market Size, Share And Growth Analysis For 2024-2033
Ceramics Market Size
Ceramics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $150.37 billion In 2028 At A CAGR Of 4.8% :
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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Ceramics Market Major Segments
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
Key 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.
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Prominent Trend - 3D Technology Pioneers 3D Printing In Ceramic Construction Elements
Technological advancements are a key trend gaining popularity in the ceramics market. 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, to produce construction elements made from technical ceramic material. It combines the unique material features of silicon carbide (SiSiC) with a quick and low-cost 3D printing technique. The new technology enables the development of components that can be produced later in large series in a particularly cost-effective and innovative fashion.
Ceramics Market Players
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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the ceramics market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the ceramics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ceramics Market Report Structure
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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