Ceramics Market Size to be Worth $359.35 Billion by 2030 - Grand View Research, Inc.

SAN FRANCISCO, Feb. 15, 2023 /PRNewswire/ -- The global ceramics market size is anticipated to reach USD 359.35 billion by 2030 registering a 5.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc., Rising penetration of ceramics in medical and construction industries is anticipated to propel market growth in the forecast period. Ceramic is any of the numerous brittle, hard, corrosion-resistant, and heat-resistant materials that are manufactured by giving shape, followed by firing a non-metallic, or an inorganic material, such as clay, at a very high temperature. Based on product, the market is segmented into traditional and advanced.

Key Industry Insights & Findings from the report:

• Based on product, traditional held a share of over 57.0% in 2022 and is anticipated to progress at a lucrative CAGR from 2023 to 2030. The growth is attributed to increasing demand for tiles, bricks, and tableware manufacturing.
• Based on application, tiles are anticipated to grow at a CAGR of 6.0% in terms of revenue during the forecast period. The progressive growth is on account of increasing demand from end-uses such as walkways, patios, flooring, and wall.
• Based on end-use, construction held the largest share of over 40.0% in 2022. Increasing spending in the development of luxury villas, hotels, and apartments worldwide has increased the consumption of ceramic products, which are used to enhance the aesthetic appeal of these properties.
• Based on region, North America is anticipated to attain a CAGR of 4.2% in terms of revenue during the forecast period. Rising investments in residential and commercial spaces are propelling the need for sanitary ware, which is propelling the market growth.

Read 115 page full market research report for more latest industry Insights, "Ceramics Market Size, Share & Trends Analysis Report By Product (Traditional, Advanced), By Application (Abrasives, Tiles), By End-use (Industrial, Medical), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Ceramics Market Growth & Trends

The combination of oxides or non-oxides or the combination of both results in the formation of advanced ceramics. Insulation, magnetism, conduction, and permeability are the characteristics, which allow it to be used in a variety of applications in numerous industries such as defense, aviation, electronics, and medicine.

Based on applications, tiles dominate the global market. Worldwide, the growth in construction activities is propelling the demand for tiles in interior décor due to their attractive appearance and affordability. Tiles are typically created from a combination of red or white clay and other materials and are then glazed. This glaze gives the tile more tensile strength, color, and pattern.

Based on region, Asia Pacific held the largest revenue share of the market in 2022 and this trend is expected to continue over the forecast period. The increased demand for roof tiles, artware, and tableware in the region is boosting the product demand in the region. Furthermore, Asia Pacific also accounts for the large-scale presence of pottery manufacturing. Pottery ceramics has cultural importance in Japan, China, etc. as they are used in religious and ceremonial activities such as on the altars in places of worship, as well as in tea ceremonies, in these countries.

The global ceramics market is characterized by the presence of multiple manufacturing companies coupled with the concentration of end-use companies in the global market. These prominent manufacturers compete with each other on the basis of product quality and prices. Countries like China, India, and other Asia countries are some of the leading exporters of ceramic and related products in the world.

Ceramics Market Segmentation

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

Ceramics Market - Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Traditional
• Advanced

Ceramics Market - Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Sanitary Ware
• Abrasives
• Bricks & Pipes
• Tiles
• Pottery
• Others

Ceramics Market - End-Use Outlook (Revenue, USD Billion, 2017 - 2030)

• Building & Construction
• Industrial
• Medical
• Others

Ceramics Market - Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Spain
• Turkey
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa
• GCC

List of Key Players in the Ceramics Market

• 3M
• AGC Ceramics Co., Ltd.
• CeramTec GmbH
• CoorsTek Inc.
• Du-Co Ceramics Company
• Kajaria Ceramics
• MOHAWK INDUSTRIES, INC.
• Morgan Advanced Materials
• RAK CERAMICS
• Saint Gobain

Check out more related studies published by Grand View Research:

• 3D Printing Ceramics Market - The global 3D printing ceramics market size is expected to reach USD 159.5 million by 2025, accelerating at a CAGR of 34% over the forecast period, according to a new report by Grand View Research, Inc. Advancements in printing technology and increased investments are among drivers triggering the market growth.
• Advanced Ceramics Market - The global advanced ceramics market size is expected to reach USD 147.34 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.0% from 2022 to 2030. Increasing demand for high-performing lightweight materials in industries such as telecom, automotive, aerospace, and medical is propelling the market growth.
• Pottery Ceramics Market - The global pottery ceramics market size is expected to reach USD 15.00 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 3.8% from 2022 to 2030. Increasing investment in the construction of luxury housing units is expected to propel the consumption of pottery ceramic products over the forecast period.

Browse through Grand View Research's  Advanced Interior Materials Industry Research Reports.

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.

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