The ceramics market has exhibited strong growth, increasing from $118.81 billion in 2023 to $124.75 billion in 2024, showing a compound annual growth rate (CAGR) of 5.0%. This growth is attributed to artisanal heritage, technological advancements in production, historical architectural integration, cultural and artistic significance, and historical trade and globalization of ceramics. Projected growth through 2028 suggests continued strong performance, with the market expected to reach $150.37 billion at a CAGR of 4.8%. Growth drivers include rising demand in construction, sustainability and eco-friendly solutions, shifts in consumer preferences, growth in the medical and healthcare sector, and global urbanization trends. Key trends for the forecast period encompass cross-industry collaborations, application of ceramics in energy solutions, artistic expression, market expansion in developing regions, and growing use in healthcare and bioceramics.
Major Driver In The Ceramics Market
The ceramics market is set to expand, propelled by the rising construction industry worldwide. Urbanization has spurred construction activities in both developed and developing countries, increasing the demand for ceramics and related products. Invest India reports significant investments in urban development and construction activities in India between April 2000 and March 2021. Additionally, the global construction review report forecasts construction to be a key driver of global economic growth, with estimated output 35% higher than the previous decade. Thus, the burgeoning construction industry fuels the growth of the ceramics market. The market size for 2023 reflects positive momentum, with expectations of continued expansion by 2024 and a substantial projection by 2028.
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Ceramics Market Competitive Landscape
Saint Gobain, Minnesota Mining and Manufacturing Company, Kyocera Corporation, Corning Inc., Murata Manufacturing Co. Ltd., Mohawk Industries, 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., Momentive, 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, Saint-Gobain
Key Ceramics Market Trend
Technological advancements are a key trend gaining popularity in the ceramics market. Technological advancements, such as 3D printing, are knowledge discoveries that advance technology. For instance, in February 2021, CeramTec, a Germany-based manufacturer of ceramic products, developed a new 3D printing process named ROCAR 3D, to produce construction elements made from technical ceramic material. It combines the unique material features of silicon carbide (SiSiC) with a quick and low-cost 3D printing technique. The new technology enables the development of components that can be produced later in large series in a particularly cost-effective and innovative fashion.
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Ceramics Market Segmentation
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
By Geography:The regions covered in the ceramics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the ceramics market in 2023.
The Ceramics Global Market Report 2024 furnishes information about the global ceramics market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
