Ceramics Industry Overview
The global ceramics market size was valued at USD 247.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2021 to 2028.
The usage of ceramics in manufacturing products such as tiles and sanitary ware is likely to flourish owing to steady growth in residential construction around the globe.
Furthermore, ceramics are expected to witness high penetration in the medical industry owing to their increasing utilization in manufacturing bioimplants. Growing investments in the medical industry on account of factors including coronavirus emergence and the rising elderly population is expected to augment market growth over the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Ceramics market
China is a key producer and consumer of ceramics, which are extensively used in tiles, sanitary ware, bricks, and abrasives. Furthermore, these are being preferred as raw materials in 3D printing as well. The growing adoption of 3D printed parts coupled with rising investments in this technology is anticipated to benefit product demand over the forecast period.
For instance, in November 2020, Syqe Medical employed XJet for producing high-precision, heat-resistant ceramic parts for the medical industry. Syqe Medical has XJet’s Carmel 1400 additive manufacturing system that helps in producing ceramic parts through inkjet printing using NPJ Technology.
Furthermore, growth in the construction sector is another driving factor for the market. Ceramics are used in interiors in form of tiles, sanitary ware, and another décor. Shifting trend towards appealing interior along with rising investments in the residential and commercial construction to boost economic recovery in various countries is benefitting market growth.
The growth of the building & construction industry is another growth driver for the market. Various economies are witnessing positive growth and investments in the construction industry from 2020 to 2021. Ceramic products find application in interior and exterior tiles, sanitary ware, and in other complex structures such as chimney pipes, sewage, and bricks in the construction sector.
Browse through Grand View Research’s Specialty Glass, Ceramic & Fiber Industry Research Reports.
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Ceramics Market Segmentation
Grand View Research has segmented the global ceramics market on the basis of product, application, end-use, and region:
- Ceramics Product Outlook (Revenue, USD Billion, 2017 – 2028)
- Ceramics Application Outlook (Revenue, USD Billion, 2017 – 2028)
- Sanitary Ware
- Bricks & Pipes
- Ceramics End-use Outlook (Revenue, USD Billion, 2017 – 2028)
- Building & Construction
- Ceramics Regional Outlook (Revenue, USD Billion, 2017 – 2028)
- North America
- Asia Pacific
- Central & South America
- Middle East & Africa
Key Companies profiled:
Some prominent players in the global Ceramics market include
- AGC Ceramics Co.,Ltd.
- Kajaria Ceramics Limited
- Kyocera Corporation
- Mohawk Industries, Inc.
- Morgan Advanced Materials
- RAK Ceramics
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