Ceramics Market: Future Forecast Assessed On The Basis Of How The Market Is Predicted To Grow

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.

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• 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.

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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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Key Growth Determinants: Ceramics Market

• The Growth of Construction Industry

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.