Ceramics Market Share, Trends, Business Strategy and Forecast 2019 to 2029

Posted on 2019-08-16 by Mark Hub in Industrial // 0 Comments

Global ceramics consumption volume was recorded ~462 thousand KT in 2018, which is anticipated to see a healthy ~5% Y-o-Y increase in 2019. The latest report published by Fact.MR reveals a promising growth outlook for the global ceramics market, over the course of coming years.

The clamor for optimal efficiency has fueled innovations and developments in passive electronic components landscape. The demand for passive components is significantly taking off, owing to their abilities to control the electron flow in a circuit. Ceramic capacitors represent a bulk of the overall passive component demand and are being actively sought-after across multiple Industry verticals.

Ceramic-based electronic components, such as ceramic capacitors, are emerging as viable alternatives to the metal and plastic variants for elevating the efficiency a notch higher. Ceramic capacitors are being actively embraced across multiple industry verticals, such as consumer electronics, telecommunication, automotive, and many more. Lately, various industry verticals are showing notable preferences for multilayer ceramic capacitors (MLCCs) on the back of multiple performance advantages coupled with substantial cost savings.

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According to the study, ceramics are widely used in the construction industry that is growing at a steady pace all over the world, specifically in developing regions. The demand for construction in the housing as well as commercial sector is increasing because of growing economies, urbanization, per capita income, and spending, GDP growth, population expansion.

In addition, the fulfillment of the demand for better aesthetic design, and structural reliability and sustainability of buildings without a significant increase in prices has been achieved due to the effective use of ceramics. Sustained demand for ceramics from the construction sector will continue to remain a key driving force for the ceramics market across the globe.

Ceramics Market in Numbers

The global market revenues for ceramics are set to near the mark of US$ 100 Bn in 2019.
Ceramics sales are likely to see healthy growth during the next decade; a ~6% CAGR has been estimated for the global ceramics market over 2019-2029.
North America and Europe collectively account for
Advanced ceramics will reflect higher growth opportunities compared to traditional ceramics. By the end of 2029, ~US$ 135 Bn worth of advanced ceramics will be sold across the globe.
While wall & floor tiles and bricks, roof tiles & pipes available in the market will continue to gain traction, global sales of advanced ceramics will procure the highest revenue share.
Ceramics continue to witness heavy traction in the end-use industry like construction, electrical & electronics, automotive, glass, medical, aviation, and others.

Competition Landscape Analysis: Ceramics Market

The global ceramics market represents a fairly fragmented competitive landscape, with a large number of smaller companies accounting for 50% of the global market revenues. A majority of globally leading companies manufacturing and dealing in ceramics are observed to be targeting developing regions for expansion of manufacturing capacities and distribution, in the backdrop of the rapid growth of the building & construction, and infrastructure industries in several developing regions.

Kyocera Corporation, Saint Gobain, The 3M Company, Dow Dupont, and a few others. While these players lead their way in global marketplace with established growth strategies, such as maintaining sound sales and operational infrastructure, they are also focused on expansion of the global footprint. New product developments by such globally brands will remain the regular highlights of the market over the years to come.

On the other side, the presence of followers in the global ceramics market are confined to specific regions or countries, which is a major restrain challenging them to achieve expanded shares in the global landscape. Strategic collaborations and acquisitions are likely to remain preferred plans of these companies, for improved manufacturing and distribution.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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