Ceramics Market Players: Momentive, RAK Ceramics, Saint-Gobain, And Unifrax

 Ceramics Industry Overview

The global ceramics market size is expected to reach USD 348.0 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.4% from 2021 to 2028. The growth of the construction sector, along with the increasing demand for medical equipment from the healthcare sector is expected to propel the market growth over the forecast period.

Ceramics are made generally from carbides, oxides, and nitrides. The traditional products comprise whiteware, porcelain, stoneware, and chinaware. The aforementioned products are mostly deployed in construction of residential and non-residential buildings; thus, rising construction activities across the globe coupled with renovation of existing properties are driving the market.

The growing medical industry is another factor propelling the market growth. Ceramics are extensively used for several purposes including dental & bone implants, hip & joint replacement, and femoral heads. Furthermore, technological advancements and government investment for research and innovation of advanced ceramics are augmenting the market growth.

For instance, in July 2021, the UK government provided funding of GBP 18.27 million (~USD 24.33 million) under the Strength in Places Fund (SIPF) to the Midland Industrial Ceramics Group (MICG). The funds shall be utilized in creating a leading R&D program, new businesses in the Midlands, and benefit the supply chain. MICG was launched to deliver a world-leading approach to advanced ceramics.

Asia Pacific is anticipated to register the fastest growth rate over the forecast period. Rapid urbanization and rising standard of living owing to increasing per capita income are anticipated to boost the expansion of residential and commercial construction such as shopping malls and retail chains. Thus, the steady growth of the construction sector in the region is projected to drive the demand for ceramics over the coming years.


Ceramics Market Segmentation

Grand View Research has segmented the global ceramics market on the basis of product, application, end-use, and region:

Based on the Product Insights, the market is segmented into Traditional, and Advanced.

  • Traditional ceramics are primarily composed of silica (quartz), feldspar, and clay. These minerals in various combinations are used in the manufacturing of ceramic tilesand other ceramic-related finished products. Increasing demand for tiles and tableware are thus, projected to boost segment growth over the coming years.

 

  • Advanced ceramics is expected to witness substantial growth over the next eight years. These materials exhibit a very high degree of resistance towards wear and tear and at high temperatures. This has resulted in the rising demand for advanced ceramics from various industries including heavy machinery, automotive, energy, healthcare, cutting tools, and defense.

 

Based on the Application Insights, the market is segmented into Sanitary Ware, Abrasives, Bricks & Pipes, Tiles, Pottery, and Others.

  • The abrasives segment is expected to progress at a CAGR of 3.9% in the market for ceramics over the forecast period. These are used in tools that are widely utilized in various operations such as grinding, cutting, dressing, polishing, sharpening, and dressing, particularly for metal, wood, glass, stone, and plastics. In addition, they are used to prepare surfaces for the application of paints or adhesives.

 

  • Ceramics are largely utilized in the making of products such as art ware, figurines, sculptures, earthenware, stoneware, porcelain, and bone china. Rising consumer interest toward interior decoration is likely to positively influence the demand for such products and thus, benefit product demand over the forecast period.

 

Based on the End-use Insights, the market is segmented into Building & Construction, Industrial, Medical, and Others.

  • The building and construction segment dominated the market for ceramics and held the largest revenue share of over 40.0% in 2020. Growth in residential and commercial construction along with public and other infrastructural works is stimulating the segment growth.

 

  • In industrial end-use, advanced ceramics are employed in various applications in aerospace, chemical, petrochemical, and coatings. In the aerospace sector, ceramics are used in the manufacturing of space shuttle tiles, wear components, combustor liners, and fire detection equipment among others.

 

Ceramics Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Order a free sample PDF of the Ceramics Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

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Grand View Research, Inc.

Phone: 1-415-349-0058

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