Global Market Revenue for Ceramics Is Expected to Reach $135 Billion and It Is Expected to Rise at A Rate of 6% CAGR

Auguest 31, 2021, New York, USA -  Ceramics are one of the most commonly used materials in construction, for engineering, electronics, and also aerospace industries. One of the biggest advantages of ceramics materials is they are heavily resistant to heat and chemicals and hence can be used extensively across various industries.

The common ceramics are composed of the basic silicates which are found on the earth’s crust. The materials are typically composed of tar, clay, feldspar, and silica. Ceramics are not only resistant to high temperatures but also are resistant to various salts, acids, and water based on their mineral composition. Ceramics are also used for the manufacturing of their construction materials, various electrical equipment, glass manufacturing, dinnerware, and heat resistant materials.

Not only for the construction industry but the rising demand for various architectural purposes will likely augment the growth in the construction sector and also due to the rise in the growing economies, urbanization, per capita income, GDP growth, and population expansion.

In addition to it the demand for aesthetic design, structural reliability, and the sustainability of the buildings.

The increasing manufacturing from the construction industry is primarily used for the production of tiles, bricks, pipes, and sanitary ware.

The different types of ceramics are-

Fire clays and shales

It includes bricks and clay tiles.

Terracotta

It is made from yellowish to brownish clays and uniformity between the brick and tiles.

Faience

It is a glazed form of terra cotta.

Stone care

It has a similar composition to fire clay

Earthenware

It is normally used for glazed wall tiles.

Porcelain

Commonly used in electrical insulators.

It needs to be observed that the demand for ceramics has gone up tremendously. It is used in cement, bricks and roofing, flooring, and wall tiles. It is also used in gypsum and sewer pipe which are being increasingly used in the construction industry.

The global building ceramics market is fragmented into North America, Asia-Pacific, Europe, and the rest of the world. Globally China is expected to record the highest growth in the market on account of the expanding construction sector and very strong growth opportunities in the market.

The Global market revenue for ceramics is expected to reach $135 billion and it is expected to rise at a rate of 6% CAGR.

Similarly, Europe is expected to follow in the footsteps of China and a significant market of the construction sector in ceramics. The growth in the European market will be more due to the rise in technical ceramics. It will give rise to the booming ceramics and electrical ceramics in the building ceramics market. Asia-Pacific will also account for the highest and the prominent share due to the growing infrastructure projects in the region. This will further give rise to various government policies which have augmented the use of ceramics. This has also given rise due to the fact due to the availability of raw materials. Different initiatives have given rise to improve sanitation measures and increase the impact of medical tourism.

China is expected to be the largest market and will continue to remain in the forecast period.

The Indian government is also expected to make the housing industry a priority by 2022. This will be making construction and affordable housing in India.

The ceramics market in North America is expected to rise in the 3D printing and nanotechnology sector. It will help build various custom implants which will increase the value of the products. The North American market is expected to register a market growth of 18.65 billion globally.

The top players in the market include-

Kyocera Corp.

Corning Manufacturing

Saint Gobain

Sean Tec

Materion Corporation

Momentive Performance Materials

McDaniel Advanced

Imerys Ceramics

The growth of ceramics is high in the market of Brazil and Argentina which is the third-largest producer of tiles in the world. The Middle East and Africa will bring about substantial growth in the coming years.

All the above-mentioned factors are expected to make a rising sport in the building ceramics market.

However, the market is not devoid of any kind of market restraints. We take a look-

The high manufacturing cost and the rise in the stringent rules applied to the ceramic industry; especially in the building construction industry is one of the major restraints in the ceramic market.

The construction industry is also subject to widespread infrastructural delays which are mainly in this sector only. Also, there is another major issue of fast exhaustion of the construction materials especially for the re-development of the concrete structures. The high development involved in the redevelopment of the structures will present various lucrative opportunities.

This is because ceramics have longer time duration and a greater level of sustainability. Alongside it also requires low maintenance for the construction of the structures.

The building ceramics is expected to have a significant rise in the forecast period.