USD 130.19 billion
Report ID:
SQMIG15F2099 |
Region:
Global |
Published Date: November, 2024
Pages:
239
|Tables:
93
|Figures:
76
Ceramics Market size was valued at USD 248.89 Billion in 2023 and is poised to grow from USD 262.83 Billion in 2024 to USD 406.42 Billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
Rising investments in the residential and commercial sectors are propelling demand for ceramic-based products such as sanitary ware and tiles in the global ceramics market. Furthermore, the product is seeing widespread use in the medical industry for the fabrication of bioimplants. Growing medical technology advancements, as well as an increase in the number of orthopaedic and dental patients, are increasing the global demand for ceramic implants. Ceramic is a non-metallic and inorganic material that hardens over time when heated to a high temperature. Ceramics are made using various clay combinations to create the desired mould shape. Ceramics are classified as traditional or advanced. Traditional ceramics are made from natural materials like clay, quartz, or feldspar. In advanced ceramics, synthetic powders of silicon carbide, aluminium oxide, and silicon nitride are used. The structure of traditional ceramics is determined by the clay composition, whereas chemical compounds used to produce advanced ceramics can be altered.
US Ceramics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 130.19 billion
Largest Segment
Medical
Fastest Growth
Advance
Growth Rate
7.7% CAGR
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Global Ceramics Market is segmented by product, application, end use and region. Based on product, the market is segmented into traditional, advanced. Based on application, the market is segmented into sanitary ware, abrasive, bricks & pipes, tiles, pottery, others. Based on end use, the market is segmented into building & construction, industrial, medical, others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Ceramics Market Analysis by Product Type:
In 2020, the traditional segment dominated the ceramics market, accounting for more than 58.0% of total revenue. The segment has seen tremendous growth in recent years and is expected to dominate throughout the forecast period due to the increasing use of traditional ceramics in the production of clay bricks, tableware, and porcelain tiles. Ceramics are traditionally made of silica (quartz), feldspar, and clay. These minerals are used in the production of ceramic tiles and other ceramic-related finished products in various combinations. As a result, rising demand for tiles and tableware is expected to drive segment growth in the coming years. Advanced ceramics is expected to grow significantly over the next eight years. These materials are extremely resistant to wear and tear as well as high temperatures. As a result, advanced ceramics are in high demand in a variety of industries, including heavy machinery, automotive, energy, healthcare, cutting tools, and defence.
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Based on region global ceramics market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. In the past, Asia Pacific dominated the market, and this trend is expected to continue during the forecast period. The presence of emerging economic powerhouses such as India, China, Thailand, and other South Asian countries is expected to fuel the region's ceramics market. Furthermore, the region is experiencing rapid growth and investment in the medical industry, which is expected to drive market growth further. China has one of the world's fastest-growing healthcare markets, with a 13% annual CAGR over the next ten years. In 2019, the country had the world's second-largest healthcare market, with a total expenditure of up to USD 1.02 trillion.
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Ceramics Market Drivers
Rising Building and Construction Industry Demand Drives Ceramics Market Expansion
Ceramics Market Restraint
High Cost of Advanced Ceramics to Limit Growth
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The global ceramics market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.
Top Players in the Ceramics Market
Ceramics Market Recent Developments
CeramTec North America announced the expansion of its Laurens County operations in March 2019, with a USD 20 million investment. This announcement of a USD 20 million investment with 14 new jobs comes after 25 years of creating 210 jobs at the Laurens County facility with a total investment of over USD 79 million.
Coorstek will open a new manufacturing plant in Southeast Asia in February 2021. The first phase of a 400, 000-square-foot engineered ceramics manufacturing facility in Thailand's Rayong province. The ground breaking ceremony took place on January 25th, and construction will begin in February 2021.
Kyocera Corporation announced in April 2019 that its European headquarters in Germany, Kyocera Fine ceramics GmbH, had reached an agreement with H.C. Starck GmbH to acquire 100% of its subsidiary H.C. Starck Ceramics GmbH.
Increased Demand from the Medical and Automotive Industries to Drive Market Growth.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global ceramics market analysis, ceramic applications are expanding as a result of rapid advances in 3D printing and nanotechnology fabrication techniques. This has also aided manufacturers in meeting the demand for tailored-made products in key end-use industries. One aspect of the constantly evolving ceramic market is the versatility of ceramic materials. The use of sophisticated methods has enabled ceramic material manufacturers to create advanced materials with unique ferroelectric, piezoelectric, and magnetic properties. Ceramics' growing potential for use in the construction and building industries is opening up new market opportunities. With the introduction of new ceramics, the pursuit of novel materials for use in food contact applications is taking a new turn. Ceramics are widely used in dental materials, particularly in the United States is boosting ceramic market
Report Metric | Details |
---|---|
Market size value in 2022 | USD 235.69 billion |
Market size value in 2031 | USD 384.87 billion |
Growth Rate | 5.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Ceramics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ceramics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ceramics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ceramics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15F2099
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