The global ceramics market size is expected to grow from USD 130.19 billion in 2021 and reach USD 219.12 billion by 2028, exhibiting a CAGR of 7.7% during the forecast period. The inflated demand from the building and construction will have an excellent impact on the market growth, states Fortune Business Insights, in a report, titled “Ceramics Market, 2021-2028.” The market size stood at USD 123.08 billion in 2020.

the ceramics market is a diverse and dynamic sector that encompasses various products and applications. Ceramics are broadly classified into traditional ceramics and advanced ceramics, each serving different industries. Here are some key aspects of the ceramics market:

  1. Types of Ceramics:

    • Traditional Ceramics: This category includes products like pottery, bricks, tiles, and sanitaryware. These ceramics have been used for centuries for various daily and construction purposes.
    • Advanced Ceramics: These ceramics have specialized properties, such as high strength, wear resistance, and electrical conductivity. They find applications in industries like electronics, aerospace, healthcare, and automotive.
  2. Applications:

    • Construction Industry: Ceramics are widely used in the construction sector for tiles, bricks, and sanitaryware.
    • Electronics: Advanced ceramics play a crucial role in electronic components, such as capacitors, insulators, and semiconductor devices.
    • Automotive: Ceramics are used in the automotive industry for components like catalytic converters, spark plugs, and sensors.
    • Medical: Bio-ceramics are used in medical applications, including implants and dental products.
    • Aerospace: Ceramics with high-temperature resistance and lightweight properties are used in aerospace applications.
  3. Market Trends:

    • Technological Advancements: Ongoing research and development in ceramic materials are leading to the creation of new products with enhanced properties.
    • Increasing Demand for Advanced Ceramics: The demand for advanced ceramics is growing, driven by their use in industries requiring high-performance materials.
    • Sustainability: There is a growing emphasis on environmentally friendly and sustainable manufacturing processes in the ceramics industry.
  4. Regional Market Dynamics:

    • The ceramics market's growth and dynamics can vary by region. Emerging economies may experience increased demand due to infrastructure development, while developed economies may see a focus on high-tech applications.
  5. Challenges:

    • Cost of Raw Materials: The cost of certain raw materials for ceramics production can impact overall manufacturing costs.
    • Competition from Other Materials: Ceramics face competition from alternative materials in various applications.
  6. Impact of Global Events:

    • Economic fluctuations, trade tensions, and global events can influence the ceramics market.
  7. COVID-19 Impact:

    • The ceramics market, like many others, might have been impacted by the COVID-19 pandemic, affecting production, supply chains, and demand.

The Report Lists the Key Companies in the Ceramics Market:

  • Kyocera Corporation (Japan)
  • Corning Inc. (U.S.)
  • Murata Manufacturing Co. Ltd. (Japan)
  • Morgan Advanced Materials (U.K.)
  • CoorsTek (U.S.)
  • CeramTec (Germany)
  • Saint Gobain (U.S.)
  • 3M (U.S.)
  • Applied Ceramics Inc. (U.S.)
  • Materion Corporation (U.S.)
  • McDanel Advanced Ceramic Technologies (U.S.)
  • Momentive Performance Materials Inc. (U.S.)
  • Rauschert GmbH (Germany)
  • Imerys S.A. (France)

Information Source:

https://www.fortunebusinessinsights.com/industry-reports/ceramics-market-101916