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Ceramics Market on Track for Strong Growth, Estimated to Grow at 5.2% CAGR Through 2029
Ceramics
What Is the Expected CAGR for the Ceramics Market Through 2025?
The size of the ceramics market has seen consistent growth over the past few years. The market value is set to increase from $238.76 billion in 2024 to $248.82 billion in 2025, with a compound annual growth rate (CAGR) of 4.2%. The industry's expansion in the historic period is due to factors such as the rich artisanal heritage and tradition, advancements in production technology, integration into historical architecture, cultural and artistic importance, and the influence of trade and globalization throughout history.
What's the Projected Size of the Global Ceramics Market by 2029?
The size of the ceramics market is anticipated to witness robust expansion in the upcoming years. It is projected to reach $304.58 billion in 2029, with a compound annual growth rate (CAGR) of 5.2%. The growth during the forecast period can be ascribed to factors such as escalating demand in the construction sector, increase in sustainable and environment-friendly solutions, changes in customer preferences, advancement in medical and healare sector, and worldwide urbanization trends. Key trends during the projected period comprise inter-industry partnerships, the use of ceramics in energy solutions, artistic creativity, market growth in emerging regions, and the rise of healare and bioceramics.
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Top Growth Drivers in the Ceramics Industry: What's Accelerating the Market?
The ceramics market is likely to expand due to anticipated growth in the construction sector. The demand for ceramics and related products has surged due to swift urbanization, leading to increased construction activities across not just developed, but also in emerging economies. For instance, per a report from the Office for National Statistics, UK, in November 2023, there was a 15.8% increase in the construction work value to $161,129 million USD (£32,989 million) in 2022. Simultaneously, new orders also saw an 11.4% rise to $97,813 USD (£80,837 million) in 2023. The booming construction sector leads to increased demand for ceramics and related products, which are crucial for several construction elements like tiles and sanitary ware. Therefore, the ceramics market's growth is majorly attributed to the upswing in the construction industry.
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What Trends Will Shape the Ceramics Market Through 2029 and Beyond?
A significant trend rising in popularity in the ceramics industry is the advancement in technology. Discoveries like 3D printing are pushing the boundaries of technology within the market. For example, in September 2024, Lithoz, an Austria-based firm specializing in the creation and production of high-performance and bioresorbable ceramics through their trademarked Lithography-based Ceramic Manufacturing (LCM) technology, presented the CeraMax Vario V900. This ceramic 3D printer has the largest building volume in its category, with dimensions of 250 x 250 x 290 mm. The device employs Laser-Induced Slipcasting (LIS) technology to work with water-based ceramic slurries and can deposit up to 1,000 μm of slurry layer by layer, thus optimizing printing speed and efficiency. The CeraMax Vario V900 further simplifies the debinding process, enabling thicker walls and flawless density in finished products. Therefore, this new technology is ideally suited for the manufacture of high-quality, large-scale ceramic parts for sectors including aerospace, medical, and research.
What Are the Main Segments in the Ceramics Market?
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
Subsegments:
1) By Traditional: Tableware, Pottery, Sanitary Ware, Tiles, Structural Clay Products
2) By Advanced: Bioceramics, Electronics Ceramics, Refractories, Ceramics For Aerospace And Defense, Technical Ceramics
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Which Top Companies are Driving Growth in the Ceramics Market?
Major companies operating in the ceramics market include 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
Which Regions Will Dominate the Ceramics Market Through 2029?
Asia-Pacific was the largest region in the ceramics market in 2024 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.
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