Ceramics Global Market Report 2024

Ceramics, inorganic materials formed by high-temperature sintering of natural or synthetic compounds such as clay, possess properties such as high melting points, chemical inertness, and low thermal and electrical conductivity.

Ceramics primarily come in two types such as traditional and advanced. Traditional ceramics stem from readily available raw materials such as clay minerals, feldspar, and quartz sand. They're extensively utilized in structural clay products such as bricks, tiles, and pipes. End-users span across building and construction, industrial, and medical sectors, employing ceramics for various applications including tiles, sanitary wares, abrasives, pottery, bricks, pipes, and more.

The ceramics market research report is one of a series of new reports from The Business Research Company that provides ceramics market statistics, including ceramics industry global market size, regional shares, competitors with a ceramics market share, detailed ceramics market segments, market trends and opportunities, and any further data you may need to thrive in the ceramics industry. This ceramics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The ceramics market size has grown strongly in recent years. It will grow from $118.81 billion in 2023 to $124.75 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. Historical growth can be attributed to various factors, including the preservation and continuation of artisanal heritage and traditions, advancements in production technology, integration of historical architectural elements, cultural and artistic significance, and the historical impact of trade and globalization.

The ceramics market size is expected to see steady growth in the next few years. It will grow to $150.37 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. Anticipated growth in the upcoming period is linked to increased demand in construction, a focus on sustainability and eco-friendly solutions, changing consumer preferences, growth in the medical and healthcare sectors, and the ongoing global trend of urbanization. Major trends expected in this forecast period encompass cross-industry collaborations, the integration of ceramics in energy solutions, leveraging ceramics for artistic expression, market expansions in developing regions, and the application of ceramics in healthcare and bioceramics.

The anticipated surge in the construction sector is poised to fuel the expansion of the ceramics market. With rapid urbanization driving increased construction activities in both developed and developing nations, there's a heightened demand for ceramics and related products. Invest India's data reveals substantial investments of $26.08 billion and $24.72 billion in urban development and construction activities, respectively, between April 2000 and March 2021. The 2021 Global Construction Review underscores construction as a pivotal driver of global economic growth through 2030, projecting a 35% output increase compared to the preceding decade until 2020. Hence, the burgeoning construction industry stands as a catalyst propelling the growth trajectory of the ceramics market.

Anticipated growth in the ceramics market is fueled by the increasing demand for enhancing home aesthetics. This trend involves elevating the visual appeal of homes, making them more inviting and aesthetically pleasing. Ceramics play a pivotal role in such endeavors, contributing warmth, texture, and character to various spaces within a home. As evidenced in a May 2023 survey conducted by Slickdeals among 2,000 US homeowners, approximately 69% expressed embarrassment about their home's aesthetics, prompting 78% to plan home improvement projects. Consequently, the rising desire for enhancing home aesthetics stands as a significant driver behind the growth trajectory of the ceramics market.

Advancements in technology represent a prominent trend gaining traction within the ceramics market. Notably, innovations such as 3D printing signify significant strides in technological evolution. A case in point is CeramTec, a Germany-based manufacturer renowned for ceramic products. In February 2021, they introduced ROCAR 3D, a pioneering 3D printing process engineered for crafting construction elements using technical ceramic material. This groundbreaking method harnesses the distinctive characteristics of silicon carbide (SiSiC) while employing a rapid and cost-effective 3D printing approach. The technology's novel capabilities facilitate the creation of components primed for large-scale production, marking a particularly innovative and economically efficient leap forward.

Major players in the ceramics market are prioritizing product innovations, such as the ultra-high temperature ceramic forming precursor, to overcome operational challenges related to automation. This precursor material undergoes controlled chemical and thermal processes to convert into high-performance ceramics that can endure extremely high temperatures. In June 2021, Starfire Systems, a US-based company specializing in transforming polymers into ceramics, introduced a novel ultra-high temperature ceramic forming precursor named Hafnium Carbide (HfC). Notably, it distinguishes itself through its low-temperature curing below 200&deC and yields high-quality ceramics at 1600&deC, optimizing energy efficiency and cost-effectiveness in ceramic manufacturing. Its adaptability, serving a range of applications from ceramic matrix composites to high purity powder, positions it as a significant advancement in various sectors such as aerospace and electronics. This innovation expands the ceramics market's capabilities, meeting the growing demand for cutting-edge materials in high-temperature settings.

In November 2021, Victoria PLC, a UK company specializing in innovative flooring solutions, successfully acquired Graniser Ceramics for $9.54 million. This strategic move aims to leverage Graniser's manufacturing expertise and strong brand presence to enhance Victoria's operational profits. Graniser, a Turkish firm renowned for its production and export of ceramic tiles, represents a valuable addition that is anticipated to contribute significantly to Victoria's growth trajectory.

Major companies operating in the ceramics market report are 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

Asia-Pacific was the largest region in the ceramics market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the ceramics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the ceramics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ceramics market consists of sales of earthenware, stoneware, and porcelain. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Ceramics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on ceramics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for 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.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Saint Gobain; Minnesota Mining and Manufacturing Company; Kyocera Corporation; Corning Inc.; Murata Manufacturing Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.