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Global Ceramics Market: Monumental Growth Foreseen with a CAGR of 5.8%, Driven by Technological Advancements and Rising Construction
Ceramics Market Growth
What Is The Projected Market Size Of The Global Ceramics Market And Its Growth Rate?
The global ceramics market has shown a consistent upward trend in recent years and is projected to continue this growth in the foreseeable future.
•The ceramics market recorded a size of $238.76 billion in 2024 and is expected to reach $252.52 billion in 2025, growing at a CAGR of 5.8%.
•By 2029, the ceramics market is projected to grow to $316.09 billion at the same CAGR of 5.8%.
This continuous growth can largely be attributed to several factors including technological advancements, rising demand within construction, and global urbanization trends, among others.
What Is Driving The Growth In The Ceramics Market?
The ceramics market's growth is largely driven by a rise in the construction industry. The rapid increase in urbanization has boosted construction activities in both developed and developing countries, thereby increasing demand for ceramics and ceramics-related products. For example, according to a report published by the Office for National Statistics, United Kingdom, the value of construction work soared by 15.8% to $161,129 million USD (£32,989 million) in 2022, which subsequently increased the demand for ceramics in construction applications like tiles and sanitary ware. The sharp uptick in construction activities has been a significant propellant for the ceramics market.
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Who Are the Key Players Driving Ceramics Market Growth?
•Saint Gobain
•Minnesota Mining and Manufacturing Company
•Kyocera Corporation
•Corning Inc.
•Murata Manufacturing Co. Ltd.
•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.
•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
What Are The Key Trends In The Ceramics Market?
A few key trends within the ceramics market include:
•Cross-industry collaborations
•Application of ceramics in energy solutions
•Artistic expression using ceramics
•Expansion of the market within developing regions
•Application in healthcare and use of bioceramics
What Are The Segments Of The Global Ceramics Market?
The Global Ceramics Market is segmented by:
•Type: Traditional, Advanced
•End User: Building And Construction, Industrial, Medical
•Application: Tiles, Sanitary Wares, Abrasives, Pottery, Bricks, And Pipes, Other Applications
Which Region Leads The Ceramics Market?
Asia-Pacific was recorded as the largest region within the ceramics market in 2024 and is also predicted to be the fastest-growing region in the forecast period. The ceramics market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Ceramics Market Global Market Report?
- Market Size Analysis: Analyze the Ceramics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ceramics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ceramics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ceramics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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