Ceramics Market Size Is Expected To Reach USD 359.35 Billion By 2030

San Francisco, 29 Aug 2024: The Report 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, 2024 - 2030

The global ceramics market size is anticipated to reach USD 359.35 billion by 2030, registering at a CAGR of 5.6% from 2024 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.

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.

Access Research Report of Ceramics Market @ https://www.grandviewresearch.com/industry-analysis/ceramics-market

Ceramics Market Report Highlights

• Traditional Ceramics held the largest revenue share of over 56% in 2023.” According to the University of New South Wales (UNSW), traditional ceramics consist of three basic materials or compounds: silica (quartz), clay, and feldspar.
• Tiles held the largest share of over 48% of the global ceramics market. There is a huge demand for wall-tiling patterns in living spaces, mainly to cater to new application areas outside bathrooms and kitchens. Modern home application settings use ceramic wall tiles, including hallways, lobbies, and bedrooms.
• Sanitary ware is another key application segment of the market, which is anticipated to expand at a CAGR of 5.3% during the forecast period.
• Medical is anticipated to register the fastest growth rate of 6.1% during the forecast period. The growth of the medical end-use segment is attributed to ceramics' inorganic, non-metallic composition.
• The ceramics market in North America is anticipated to register a CAGR of 4.4% during the forecast period.
• The Asia Pacific ceramics market dominated the market with a share of above 40% in 2023. This large share is due to the rapidly expanding manufacturing sector in the region's developing economies.

Ceramics Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 259.68 billion
Revenue forecast in 2030	USD 359.35 billion
Growth rate	CAGR of 5.6% from 2024 to 2030
Historical data	2018 - 2022
Forecast period	2024 - 2030

List of Key Players of 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

Access Press Release of Ceramics Market @ https://www.grandviewresearch.com/press-release/global-ceramics-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon