The global ceramics market is likely to create an absolute dollar opportunity of USD 99.1 Billion by the end of 2032. The global ceramics market holds ~30% of the global inorganic non-metallic materials market.
The global ceramics market is a diverse industry that includes various types of products such as ceramic tiles, sanitary ware, refractories, tableware, and technical ceramics. The demand for ceramics is driven by a range of factors such as increasing construction activities, growing demand for electronic and electrical products, and rising demand for ceramics in the medical industry.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=3846?AS
The construction industry is one of the major consumers of ceramics, particularly ceramic tiles and sanitary ware. The growth of the construction industry in emerging economies such as China, India, and Brazil is expected to drive the demand for ceramics in the coming years. In addition, the increasing use of ceramics in the medical industry for applications such as dental implants and prosthetics is expected to contribute to the growth of the ceramics market.
The market for technical ceramics is also growing due to their unique properties such as high temperature resistance, electrical conductivity, and biocompatibility. Technical ceramics are used in a range of applications such as automotive, aerospace, and defense industries.
However, the ceramics market faces challenges such as intense competition from alternative materials such as glass and plastics, and environmental concerns related to the production and disposal of ceramics. Additionally, the high cost of certain types of ceramics can be a barrier to their widespread adoption.
Overall, the ceramics market is expected to continue to grow in the coming years, driven by a combination of factors such as increasing construction activities, growing demand for electronic and electrical products, and rising demand for ceramics in the medical industry. The market is also expected to benefit from product innovation and advancements in technology.
Key pioneers
- Kyocera Corporation
- Saint Gobain
- Corning Inc.
- Morgan Advanced Materials
- Applied Ceramics Inc.
- Materion Corporation
- The 3M Company
- Dow DuPont
- McDanel Advanced Ceramic Technologies
- Momentive Performance Materials Inc.
- Other Market Players
Top Companies in Ceramics Market
The global ceramics market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of ceramics.
Fact.MR has provided detailed information about price points of key manufacturers in ceramics market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- CeramTec in 2021 developed a new 3D printing process to produce construction elements from technical ceramics material. It is a cost-effective and a fast 3D printing process
- Kyocera Corporation in 2019 announced the acquisition of ceramic business of Friatec GmbH. This acquisition has provided the company a ceramic manufacturing unit in Europe and to meet rising demand for the components in industrial machinery
Global Ceramics Market by Category
- By Product Type, Global Ceramics Market is segmented as:
- Traditional
- Advanced
- By Application, Global Ceramics Market is segmented as:
- Sanitary Ware
- Abrasives
- Bricks & Pipes
- Tiles
- Pottery
- Others
- By End-Use, Global Ceramics Market is segmented as:
- Building & Construction
- Industrial
- Medical
- Others
- By Region, Global Ceramics Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
