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Ceramics Global Market Estimated to Surge at a CAGR of 4.8% to Reach $150.37 Billion By 2028

Ceramics Global Market

Ceramics Global Market

"The Business Research Company recently released a comprehensive report on the Global Ceramics Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

Get The Complete Scope Of The Report @
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Market Drivers and Trends:

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.

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.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

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

Ceramics Market 2024 Key Insights:

• 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%.
• Construction Industry Boosting Ceramics Market Growth
• 3D Technology Pioneers 3D Printing In Ceramic Construction Elements
• 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

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The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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