Ceramics Market Outlook
According to a new report by Expert Market Research titled, “Global Ceramics Market Share, Size, Analysis, Report and Forecast 2024-2032, the ceramics market is projected to grow at a CAGR of 4.3% between 2024 and 2032. Aided by the increasing demand for durable and aesthetically pleasing materials in various industries and the expanding applications of ceramics, the market is expected to grow significantly by 2032.
Ceramics, comprising non-metallic and inorganic materials, are commonly used in a wide array of applications due to their excellent heat resistance, durability, and aesthetic appeal. These materials find extensive usage in industries such as construction, automotive, aerospace, medical, electronics, and more. Ceramics also offer a vast range of properties, including hardness, strength, toughness, electrical insulation, and thermal stability, making them an essential material in diverse applications.
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The global ceramics market growth is primarily driven by the increasing demand for robust and visually appealing materials in various sectors. In the construction industry, ceramics are extensively used due to their durability, resistance to weathering, and aesthetic value, resulting in a surge in their demand. Additionally, the growing trend of urbanisation and the concomitant rise in construction activities worldwide are further contributing to the popularity of ceramics.
The burgeoning applications of ceramics in multiple industries also play a significant role in fuelling the ceramics market expansion. In the automotive industry, ceramics are used in components like sensors, catalytic converter substrates, and various engine parts. The medical industry employs ceramics in applications like joint replacements and dental implants due to their bio-inert properties and mechanical strength. The electronics industry, on the other hand, utilises ceramics for their exceptional insulating properties, crucial for various components such as circuit boards and capacitors.
Moreover, the rise in technological advancements has led to the development of advanced ceramics, demonstrating superior properties such as enhanced mechanical strength and thermal stability. These advancements have further broadened the application range of ceramics, notably in high-tech industries like aerospace and defence, thereby boosting the ceramics market expansion.
In addition, the growing demand for environmentally friendly materials and sustainable practices in manufacturing industries has resulted in an increased focus on ceramics. Due to their recyclability and energy-efficient production processes, ceramics have emerged as a sustainable material choice in various applications, further driving the ceramics market development.
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Ceramics Market Segmentation
The market can be divided based on product, application, end-use industry, and region.
Market Breakup by Product
- Traditional
- Advanced
Market Breakup by Application
- Tiles
- Sanitary Wares
- Abrasives
- Pottery
- Bricks and Pipes
- Others
Market Breakup by End-Use Industry
- Building and Construction
- Industrial
- Medical
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global ceramics companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Momentive Performance Materials Quartz, Inc.
- Corning Incorporated
- KYOCERA Corporation
- Murata Manufacturing Co. Ltd.
- Kajaria Ceramics Limited
- Others
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