Market Research Report
Ceramics Global Market Report 2022
|Ceramics Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Ceramics Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global ceramics market.
This report focuses on ceramics market which is experiencing strong growth. The report gives a guide to the ceramics market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the ceramics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Ceramics market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider ceramics market, and compares it with other markets.
Major players in the ceramics market are: 3M, AGC Ceramics Co., Ltd., Applied Ceramics Inc., CeremTec, CoorsTek, Corning Inc., Du-Co Ceramics Company, Imerys Ceramics, Kyocera Corporation, Materion Corporation, McDanel Advanced Ceramic Technologies, Mohawk Industries, Momentive Performance Materials Inc., Morgan Advanced Materials, Murata Manufacturing Co., Ltd., Rauschert GmbH, Saint Gobain, Unifrax, Blasch Precision Ceramics Inc., Caesar, China Glass Holding, Sisecam Group, American Standard, SCHOTT AG, Ceramiche Caesar, Thermal Ceramics UK, Kajaria Ceramics Limited, Mohawk Industries, Inc., Momentive, RAK Ceramics and Saint-Gobain.
The global ceramics market is expected to grow from $107.72 billion in 2021 to $114.11 billion in 2022 at a compound annual growth rate (CAGR) of 5.94%. The growth is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $145.93 billion in 2026 at a CAGR of 6.34%.
The ceramics market consists of sales of ceramics by entities (organizations, sole traders, and partnerships) that manufacture ceramics. Ceramics are inorganic, non-metallic materials created by forming and sintering natural or synthetic compounds at high temperatures. They are generally made by mixing clay, earthen elements, powders, and water and shaping them into desired forms. They have several properties such as high melting temperatures, chemical inertness, ruggedness, and low thermal and electrical conductivity, and are hence used in diverse applications such as pottery, bricks, tiles, cement, glass, gas turbine engines, and others.
The main types of ceramics are traditional and advanced. Traditional ceramics are derived from common, naturally occurring raw materials such as clay minerals, feldspar, and quartz sand. These are used in structural clay products such as bricks, tiles, and pipes. The end-users of ceramics include building and construction, industrial, and medical, which are used for various applications including tiles, sanitary wares, abrasives, pottery, bricks, pipes, and other applications.
Asia-Pacific was the largest region in the ceramics market in 2021 and is also expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
A rise in the construction industry is expected to propel the growth of the ceramics market. Due to the rapid increase in urbanization, more construction is being done in both developed and developing countries, which has increased the demand for ceramics and ceramics-related products. According to Invest India, between April 2000 and March 2021, India's urban development and construction activities totaled $26.08 billion and $24.72 billion, respectively.According to the global construction review report published in 2021, construction will be a driving force in global economic growth in the decade to 2030, with output estimated to be 35% greater than in the previous ten years to 2020. Therefore, the rise in the construction industry is driving the growth of the ceramics market.
Technological advancements are a key trend gaining popularity in the ceramics market. Technological advancements such as 3D printing are discoveries of knowledge 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, for the production of 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.
In November 2021, Victoria PLC, a UK-based designer, manufacturer, and distributor of innovative flooring products, acquired Graniser Ceramics for a deal amount of $9.54 million. Victoria expects to be able to use Graniser's manufacturing experience and brand strength to increase operating profits as a result of this transaction. Graniser is a Turkey-based manufacturer and exporter of ceramic tiles.
The countries covered in the ceramics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.