Ceramics Market Size, Restraints, Drivers, Trends And Analysis 2024-2033

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The Ceramics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Ceramics Global Market Report 2024, The ceramics market size has grown strongly in recent years. It will grow from $118.81 billion in 2023 to $124.75 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to artisanal heritage and tradition, technological advancements in production, historical architectural integration, cultural and artistic significance, historical trade and globalization.

The ceramics market size is expected to see steady growth in the next few years. It will grow to $150.37 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to rising demand in construction, sustainability and eco-friendly solutions, shift in consumer preferences, medical and healthcare sector growth, global urbanization trends. Major trends in the forecast period include cross-industry collaborations, ceramics in energy solutions, artistic expression, market expansion in developing regions, healthcare and bioceramics.

A rise in the construction industry is expected to propel the growth of the ceramics market. Due to the rapid increase in urbanization, more construction is being done in both developed and developing countries, which has increased the demand for ceramics and ceramics-related products. According to Invest India, between April 2000 and March 2021, India’s urban development and construction activities totaled $26.08 billion and $24.72 billion, respectively. According to the global construction review report published in 2021, construction will be a driving force in global economic growth in the decade to 2030, with output estimated to be 35% greater than in the previous ten years to 2020. Therefore, the rise in the construction industry is driving the growth of the ceramics market.

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The ceramics market covered in this report is segmented –

1) By Type: Traditional, Advanced

2) By End User: Building And Construction, Industrial, Medical

3) By Application: Tiles, Sanitary Wares, Abrasives, Pottery, Bricks and Pipes, Other Applications

Major companies operating in the ceramics market are concentrating on product innovations, such as ultra-high temperature ceramic forming precursor, to address the automation stumbling blocks many organizations are facing. An ultra-high temperature ceramic forming precursor is a material designed to undergo controlled chemical and thermal processes, ultimately transforming into high-performance ceramics capable of withstanding extremely elevated temperatures. For instance, in June 2021, Starfire Systems, a US-based company that provides revolutionary technology to transform polymers into ceramics, launched a new ultra-high temperature ceramic forming precursor, Hafnium Carbide (HfC). It stands out with its low-temperature curing below 200°C and a high ceramic yield when heated to 1600°C, enhancing energy efficiency and cost-effectiveness in ceramic production. The product’s versatility, spanning ceramic matrix composites to high purity powder, positions it as a game-changer in various industries, including aerospace and electronics, expanding the ceramics market’s capabilities and meeting the demand for advanced materials in high-temperature applications.

The ceramics market report table of contents includes: