Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Report Digest
Global Ceramics Market: Overview
Ceramic is a non-metallic and an inorganic solid that is made from non-metal and metal compounds. At first, it is shaped and then it is hardened by heating it to high temperature. Ceramic is brittle, resistant to corrosion, and hard. As such, ceramics find abundant use in the making of glass, cements, tiles, bricks, and pottery. In gas turbine engines, ceramics are used at many places. In addition, medical industry makes use of ceramics in the form of synthetic bones and dental implants. Such varied uses are likely to drive the global ceramics market.
In addition to that, augmented spending on infrastructure and construction activities by the government across the globe is expected to boost the global ceramics market.
The global ceramics market has been segmented based on product, application, end use, and region. This comprehensive report on the said market is expected to provide a deeper understanding of the various market dynamics at play so as to help stakeholder make effective strategies.
Global Ceramics Market: Notable Developments
The global ceramics market has come across quite a few developments in the last few years. One such development of the market is mentioned below:
- In April 2019, Kyoto-based ceramics and electronics manufacturer, Kyocera Corporation made an acquisition of H.C. Starck Ceramics GmbH. The latter is a manufacturer of fine ceramics based out of Selb, Germany. This acquisition places the company in a position to meet up with the rising demand for fine ceramic-based components from the industrial machinery sector
Some of the leading market players in the global ceramics market are
- Imerys Ceramics
- Kyocera Corporation
- Corning Incorporated
- Carbo Ceramics, Inc
- AGC Ceramics Co., Ltd
- The 3M Company
Global Ceramics Market: Growth Drivers
Increased Concern for Fire Outbreaks is Expected to Augment Demand
The global ceramics market is likely to observe a considerable growth over the period of assessment due to its increasing applications in a wide variety of end use segments. Ceramics are abundantly used in dental application. It is an integral element in the making of bridges, implants, and crowns. Growing awareness and increasing expenditure on the oral care is likely to play a significant role in the growth of the global ceramics market in the years to come.
It is forecasted that nanotechnology and technological progress in 3D printing will open up new possibilities of growth for the market players. Nanotechnology has generated substantial impact in the manufacturing of floor tiles. An emerging technology, 3D printing is gaining rapid traction in the ceramics market. Various advanced ceramic materials such as zirconium, hydroxyapatite, and alumina are put into the 3D printing technology enabled printers to get final product. It is expected alumina and zirconium based ceramic materials will exert considerable influence on the ceramic 3D printing. Such dominance of these two materials is owing to its high demand from the medical industry. Such technological advancement is expected to drive the growth of the global ceramics market.
The building and construction sector is another promising end user for the global ceramics market. The demand for new housing projects to meet the accommodation requirements of expanding population is likely to push for the demand for ceramics in the construction sector.
Global Ceramics Market: Regional Outlook
In the global ceramics market, Asia Pacific is estimated to emerge as one of the leading regions. Stellar growth of the electronics and electrical industry in Asia Pacific is likely to generate substantial demand for ceramics. Ceramic products find use as electrical insulators for power lines and bare wires. In addition, expansion of the automotive sector in Asia Pacific is another factor for growth of the market in the region. India and China are likely to lead the ceramics market in Asia Pacific over the tenure of assessment.
The global ceramics market is segmented as:
Product
- Traditional
- Advanced
Application
- Sanitary Ware,
- Abrasives,
- Bricks and Pipes,
- Tiles,
- Pottery
End Use
- Building and Construction,
- Industrial,
- Medical
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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