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Global Ceramics Market 2021: By Product (Traditional, Advanced), By Application (Sanitary Ware, Abrasives, Bricks and Pipes, Tiles, Pottery, Others), By End-use (Building & Construction, Industrial, Medical, Others)Global Ceramics Market is an upcoming report by Trusted Business Insights. The global ceramics market segmentation allows for deeper understanding and thought, to decisively assess, analyze, and study. Besides revenues for segments, global, regional, and country-wise, market revenue segmentation will be compiled in a fastidious manner for clear flow and understanding. The analysis will be conducted using expert opinions and inputs, as well as comprehensive primary and secondary research efforts to determine various aspects of the ceramics market. The Global Ceramics market size was valued at USD $165.45 Billion in 2020, USD $177.53 Billion in 2021, forecasted to reach USD $190.49 Billion in 2022, and is projected to reach USD $362.63 Billion by 2030, and is anticipated to expand at a CAGR of 7.3% over the forecast period from 2020 to 2030.
Overview:A ceramic is a solid material comprising an inorganic compound of metal, non-metal, or ionic or covalent bonds. Common examples – porcelain, earthenware, and brick. The crystallinity of ceramic materials varies from highly oriented to semi-crystalline, vitrified, and often completely amorphous.
Dynamics:The rising number of government initiatives and spending on developing public infrastructure and other construction-related activities is expeditiously boosting the global ceramics market. Countries like India, where the vision to develop one hundred smart cities by the year 2020, fully equipped with economic, social and public infrastructure is expected to positively contribute to the overall market growth over the coming years. Various technological and nanotechnological advancements have created new avenues for market players. The use of nanotechnology in ceramic floor tiles lends them strength & shelf life, and improved resistance against bacteria. These products are expected to be in high demand from hospitals, processing plants, and laboratories. 3D printing will also play a vital role in the manufacture of ceramic material in the foreseeable future due to increasing demand from the dental and medical sectors. In 3D printing, advanced materials such as – hydroxyapatite, alumina, and zirconium are included to achieve the final product. Ceramics play a critical role in the manufacture of implants, bridges, and dental crowns. In the US alone, total dental expenditure observed in the year 2000 was $US 84.5 billion compared to $US 129.12 billion in 2017, according to a report published by the American Dental Association. In terms of product, the market is segmented into traditional and advanced. The traditional segment (silica, clay, feldspar, etc) is expected to monopolize the global ceramics market over the coming years and finds its primary application in the manufacture of tiles. The advanced segment is expected to index the highest CAGR over the forecast period. A prominent area of application for the advanced segment is electronic devices. Smartphones comprise of several ceramic components, and with ever-rising sales volumes of smartphones, the global ceramics market growth will consequentially be influenced in a positive manner. With respect to application, the tiles segment of the market is expected to dominate the market over the foreseeable future. Countries such as India and China collectively account for over fifty percent of the global tile production and contribute significantly to the Asia Pacific regional market. Pertaining to the end-use of the market, the building & construction segment accounted for a considerable revenue share in 2018. The increase in infrastructural development projects across the world is subsequently contributing to market growth.
Regional Analysis:The Asia Pacific market accounted for a majority of the revenue share in 2018, with China being a key consumer. The region of North America came second to China, owing to the rising consumption of 3D printing users in the US. The market in Europe accounted for sizable market revenue and is projected to grow over the next ten years.
Below are the leading companies profiled in this Ceramics Market Report:
Chapter 1 Methodology and Scope