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
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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