Global Ceramics Market was valued USD 247.69 Bn in 2019 and is expected to reach US$ xx Bn by 2026 at a CAGR of about 8.1 % during a forecast period 2019-2026.
The report on “Global Ceramics Market” is segmented By Product (Traditional, Advanced), by application (Sanitary Ware, Table & Ornamental Ware, Abrasives, Technical Ceramics, Bricks, Tiles, Packaging and other), by end use (Housing & Construction, Industrial, Medical )and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).
Increasing use of advanced ceramics as a substitute to metals and plastics in automobile industry is major factor driving the growth of ceramic market. Increasing demand from the medical industry and growing construction and infrastructure spending is expected to accelerate the ceramic market growth over forecast period.
Stringent government regulations enacted on ceramics regarding its usage in construction, food & beverage and in automobile sectors coupled with high cost and recyclability issue is predicted to hamper the growth of the market.
Advance ceramics holds major share of ceramic market.
Advanced ceramics offers developed and value added properties. Advanced ceramics possess properties such as corrosion resistance, high temperature stability and toughness. Medical, automobile and electronics sectors are major end user of advance chemical. Advance ceramic is popularly used as an alternative to metal to reduce the weight of vehicle which in turn will increase fuel efficiency.
Ceramic tiles is gaining popularity in ceramic market.
Ceramic tiles is gaining popularity in offices, malls, restaurants and resorts owing to less maintenance required, highly resistant to environmental conditions and durability.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period
By geography, market is segmented into North America, APAC, Europe, MEA& Africa and Latin America. Among all of these Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
Factors such as growing infrastructure spending, investment policies, and government initiatives to promote industrial growth is driving the growth of ceramic market in Asia Pacific. Increasing use of advanced ceramics in various industries such as electrical & electronics, chemical, transportation, environmental, and defence & security will further boost the market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Saint-Gobain, Corning Inc, Dillmeier Glass Company, Asahi India Glass Ltd. (AIS), AGC Glass Europe, Independent Glass Co., Ltd., AJJ Glass Products Co., Ltd, PPG Industries, Inc, Astrocam, NSG Group/Pilkington, Ceramiche Caesar, Ceradyne, Industrie Ceramiche Piemme, Schott and Carbo Ceramics, Dongguan Hongtai Glass Products, Far East Cable Co., Hehe Science and Technology Group, Jingniu Glas, Ceramic Group, KEDI Glass-ceramic Industrial.
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global ceramic market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global ceramic market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global ceramic market positioning of competitors.