Ceramic Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.
Ceramic Market Growth and Trends
The global ceramic market currently holds a market value of US$ 207.7 billion in 2020 and is expected to grow at a CAGR of 6.5% to a projected market value of US$ 285.1 billion by 2025. The increasing globalization is the major driving factor behind the growth of the ceramic market.
The increasing urbanization has resulted in emerging economies with higher disposable incomes. The expanding global population is positively impacting the need for the ceramic market. The global population is forecasted to reach 9.5 billion by the year 2050. The rising need for sophistication and comfort has also propelled the market growth. The increasing investments made in the construction and infrastructure sector for both commercial and residential projects has significantly increased the demand for ceramic. The construction sector accounts for about 41.4% of the global revenue of the ceramic market. The increased migration from rural to urban regions has augmented market growth further. The urban population is projected to be around 6.3 billion globally by 2050.
The shifting preference towards a higher living standard with absolute hygiene as the forefront has fueled the sales of ceramic. The increased penetration of retail sector has subsequently driven the growth of the ceramic market. The rising interior designing retailers and architectural services have obtained the traction of end-users globally, which ultimately fosters the market growth of ceramics. With the increasing innovations in manufacturing ceramic tiles such as 3D technology and nanotechnology have reduced the production time and cost associated, making the ceramic market more desirable.
The porcelain segment has dominated the market share of the ceramic market. The flooring segment is forecasted to grow at a high CAGR in the ceramic market by 2025. The advanced segment is expected to grow at a CAGR of 9.1% by 2025. The sanitary ware sector is a promising segment that held about 51% of sanitaryware production in 2018. The rising demand for clean energy technology has resulted in increased sales of solid oxide fuel cells which are entirely made of ceramics.
The growing consumer electronics sector with high smartphone penetration also supports ceramic market growth. On average, each smartphone consists of ceramic-made components such as filters, capacitors, and sensors. The total smartphone sales are forecasted to reach a value of 1.68 billion units in the year 2022. The wide range of applications ceramic tiles find in various end-user industries such as healthcare, residential, corporate, and sports arenas have elevated the growth of the ceramic market.
Ceramic Industry Regional Analysis
Ceramic Market Research Report Scope/Definition
Ceramic Market Share and Competition Key companies operating in this industry are: 3M ; CeramTec GmbH ; Elan Technology ; Oerlikon Surface Solutions AG ; Ortech Inc. ; Morgan Advanced Materials PL ; CoorsTek, Inc. ; Kyocera Industrial Ceramics Corp. ; Murata Manufacturing Co. Ltd. and Saint-Gobain
Ceramic Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Scratch Free
Application Analysis (Revenue, USD Million, 2021 - 2028)
Construction Type Analysis (Revenue, USD Million, 2021 - 2028)
• New Construction
• Replacement & Renovation
End-User Analysis (Revenue, USD Million, 2021 - 2028)
• Residential Replacement
Region Analasis (Revenue, USD Million, 2021 - 2028)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Ceramic Industry Companies
• CeramTec GmbH
• Elan Technology
• Oerlikon Surface Solutions AG
• Ortech Inc.
• Morgan Advanced Materials PL
• CoorsTek, Inc.
• Kyocera Industrial Ceramics Corp.
• Murata Manufacturing Co. Ltd.
Available Versions of Ceramic Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report