Ceramics Industry Is Driven By The Increasing Investment In Luxury Hotels, Restaurants, Resorts
Global ceramics sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.
Access the Global Ceramics Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies.
Traditional Ceramics Market Report Highlights
The global traditional ceramics market size is expected to reach USD 136.66 billion in 2022 registering a CAGR of 4.9% according to a new report by Grand View Research, Inc. • In 2022, as per insights from the University of New South Wales (UNSW), traditional ceramics comprise three fundamental materials: silica (quartz), clay, and feldspar. Among these components, clay is the most widely utilized substance. This type of product is frequently employed in crafting porcelain tiles, clay bricks, and various tableware items. • The artware application segment held a market share of 6.4%, and it is expected to register a 4.1% growth rate in terms of revenue over the forecast period. • The increasing investments in the construction of new residential luxury buildings worldwide drive the growth of the segment. This leads consumers to spend increasingly on the decoration of new buildings with high-end ceramics artware such as sculptures and fountains.
Advanced Ceramics Market Report Highlights
The global advanced ceramics market size is expected to reach USD 102.87 billion in 2022, registering a CAGR of 5.6% according to a new report by Grand View Research, Inc. • Asia Pacific is expected to expand at the highest CAGR over the forecast period. Rising investments in electronics, EVs, and medical industry-related production facilities in the region are propelling the segment growth. • Based on material, zirconate is expected to witness considerable growth over the forecast period. Its increasing demand, especially in the medical industry, is anticipated to boost product demand over the coming years. • By application, electronic devices held the largest share of more than 47.0% in 2022 and this trend is expected to continue over the forecast period. Growing investments in the semiconductor technology and the telecom industry, coupled with the rising demand for gadgets such as laptops and smartphones, are fueling the segment growth. • On the basis of end-use, the medical segment is expected to grow at a significant rate across the forecast period. Growing R&D in the medical sector, especially after the pandemic, increasing penetration of advanced ceramic in medical equipment owing to its properties, and rising dental and orthopedic patients worldwide are anticipated to augment segment growth.
Order your copy of Free Sample of “Ceramics Industry Data Book –Market Size, Share, Trends Analysis And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Competitive Landscape
The participation of numerous manufacturers characterizes the global ceramics market, focused on developing ceramic products. These prominent companies compete against one another based on elements like product quality and cost. The Players participating in this market consistently develop new products to keep ahead of their rivals, which distinguishes the ceramics market globally.
Key players operating in the Ceramics Industry are –
• AGC Ceramics Co., Ltd • 3M. • CoorsTek Inc. • CeramTec GmbH • RAK CERAMICS • Kajaria Ceramics Limited • MOHAWK INDUSTRIES, INC. • Morgan Advanced Materials • Saint Gobain