Global “Ceramics ” market research report from Fact.MR’s perspective
Fact.MR in its recently published market study offers valuable regional as well as global insights related to the “Ceramics ” market. As per the study, the global “Ceramics ” market is estimated to reach a value of ~US$ XX Mn/Bn in 2019 and projected to grow at a CAGR of XX% over the forecast period, 2019-2029.
The Fact.MR team consists of highly experienced research analysts who have curated the market by carrying out extensive primary and secondary research. Further, to ensure that the users have a seamless experience while viewing the report, an overview of the “Ceramics ” is provided in the report.
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The market study provides an in-depth analysis of the top tier players operating in the global “Ceramics ” market.
The presented study includes a thorough assessment of the “Ceramics ” market in the major geographies such as:
The analysts have articulated country-wise data for each of these regions along with relevant graphs, tables, and figures.
competitive landscape, with a large number of smaller companies accounting for 50% of the global market revenues. A majority of globally leading companies manufacturing and dealing in ceramics are observed to be targeting developing regions for expansion of manufacturing capacities and distribution, in the backdrop of the rapid growth of the building & construction, and infrastructure industries in several developing regions.
Kyocera Corporation, Saint Gobain, The 3M Company, Dow Dupont, and a few others. While these players lead their way in global marketplace with established growth strategies, such as maintaining sound sales and operational infrastructure, they are also focused on expansion of the global footprint. New product developments by such globally brands will remain the regular highlights of the market over the years to come.
On the other side, the presence of followers in the global ceramics market are confined to specific regions or countries, which is a major restrain challenging them to achieve expanded shares in the global landscape. Strategic collaborations and acquisitions are likely to remain preferred plans of these companies, for improved manufacturing and distribution.
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Key Growth Determinants: Ceramics Market
- The Growth of Construction Industry
Ceramics are widely used in the construction industry that is growing at a steady pace all over the world, specifically in developing regions. The demand for construction in the housing as well as commercial sector is increasing because of growing economies, urbanization, per capita income, and spending, GDP growth, population expansion.
In addition, the fulfillment of the demand for better aesthetic design, and structural reliability and sustainability of buildings without a significant increase in prices has been achieved due to the effective use of ceramics. Sustained demand for ceramics from the construction sector will continue to remain a key driving force for the ceramics market across the globe.
- Availability of Abundant Raw Material
The primary raw material in the production of ceramics is clay that consists of many minerals, with silica being the primary one. Clay and silica are obtained through external or natural sources, as well as through internal sources. Internal sources include recycling waste tiles and waste produced during the manufacture of tiles. Thus, the raw material for production is available in abundant quantities, which enhances the production of ceramics.
Clay is found in three raw forms: bentonite, fuller’s earth, and kaolin. The increase in clay production indicates an increased demand for clay across various purposes – of which ceramics and construction are the primary ones. Hence, the availability of clay in abundant quantities drives the ceramics market globally.
- Technological Innovations in Ceramic Tile Manufacturing
New technological innovation in the manufacturing of ceramics has given them a better aesthetic appeal and physical properties, at decreased costs. New technologies such as inkjet technology, Nano digital printing, nanopix technology, roto drum technology, multi-screen technology, and many others have revolutionized the construction industry and enhanced the overall decorative quotient of buildings. These technologies have helped tiles to replicate the look and feel of wood, glass, metal, and stone, which has increased the demand for ceramics for designing building interiors and exteriors.
- Demand for Advanced Ceramics in Multi-Staged Semiconductor Manufacturing Processes
Advanced ceramics have become indispensable in the broader electronics industry on account of their diverse and integral contributions in terms of performance. Use of advanced ceramics in multiple phases of the semiconductor manufacturing process has become highly evident, ranging from silicon wafer processing to back-end packaging. Critical ceramic components and devices support the broader functionality of new-age electronics, which in turn makes them one of the fundamental essentials in manufacturing of semiconductor devices.
The role of ceramics in the form of packaging materials, substrates, and other support functions in the semiconductor space continues to be highly favored, on the back of unparalleled protection and reliability offered. Functionalities as such offered by ceramics are nonetheless critical, enabling technologies in the semiconductor manufacturing space.
- Notable Advances in Research and Development of Advanced Ceramics Complements Adoption
Persistent advances in research and development framework are expanding the application possibilities for advanced ceramics, thereby working in favor of the manufacturers. One such significant advances include improvements in the fracture toughness, primarily for structural ceramics. Unlike the conventional ceramics with low strength, the new-age advanced ceramics are making headway with unparalleled strength and robustness.
Several new technologies have been introduced to the fore over the recent years that are aimed at enhancing the efficiency of advanced ceramics, such as fiber reinforcement and incorporation of extra duct binders, influencing year-on-year growth of the global market. Several research studies point to the excellence of advanced ceramics in terms of consistency amid severe conditions, including transport, energy and environment, wear-related applications, and electronic applications.
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Manufacturers Meeting High Performance Demands
Rising popularity of advanced ceramics is being perceived as the key factor propelling ceramics market growth. To achieve attributes, such as bacteria and dirt resistance, manufacturers are leveraging advanced technologies, including nanotechnology, in manufacturing of high-strength and high-shelf life tiles and other ceramic flooring components, which typically witness high traction in industrial environments.
While companies are concentrating on new launches in the advanced, high-performance ceramic components category, electromobility (electric vehicles) has been identified as their new target area of application. Surpassing the attributes of traditional materials, such as plastics and metals, advanced ceramics deliver excellent thermal conductivity, electrical insulation, and mechanical strength.
This study of Fact.MR on the global ceramics industry offers industry-based intelligence, followed by comprehensive insights on the historic, current, and prospective growth outlook of the market. For a detailed analysis on the overall performance of the ceramic market landscape for a measured projection period, 2019-2029, a unique methodology that has a holistic research approach, has been adopted by the analysts at Fact.MR. The report is supposed to craft a valued strategic guideline for key decision makers in the industry.
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What information does the report on the “Ceramics ” market offer to the readers?
- Detailed qualitative and quantitative analysis of the various market segments including, end use, region, product type.
- An extensive assessment of the various factors expected to influence the dynamics of the global and regional “Ceramics ” market through the forecast period.
- Recent mergers, acquisition, collaborations, and regional and domestic company expansions
- Influence of the evolving regulations and technological advancements on the overall prospects of the global “Ceramics ” market
- Complete assessment of the year-on-year growth of the “Ceramics ” market in terms of value, share, and volume
Important queries catered to in the presented market assessment
- What are the current trends that are projected to impact the growth of the “Ceramics ” market through the forecast period?
- Which is the most attractive market segment from the consumer’s point of view?
- What are the various factors that could potentially hinder the growth of the “Ceramics market”?
- Which region is likely to provide abundant lucrative opportunities for market players?
- How are market players adapting to the evolving technological advances?
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