Global Ceramics Market is expected to reach USD 287.06
billion by 2022, according to a new report by Grand View Research, Inc.
Rising government funding for large-scale infrastructure projects in China,
India, Myanmar, Philippines, Malaysia and Indonesia and China is expected to
propel construction industry growth which in turn will have a positive on
product demand over the next seven years.
Retail industry growth along with increasing acceptance of
supermarket culture in emerging economies of Asia Pacific and strong export
scenario is expected to have a positive impact on the ceramic packaging market
over the forecast period.
Rising investments for innovative product developments,
high-quality manufacturing processes, and fast delivery logistic systems are
expected to have a positive impact on the industry over the next seven years.
Furthermore, strong economic growth coupled with removal of barriers for
foreign investments in India is expected to spur construction sector which in
turn will propel ceramics demand over the forecast period.
North America and Europe are expected to witness
considerable rise in light of rising R&D expenditure for introduction of
eco-friendly products. However, raw material price volatility is expected to
challenge the industry over the next seven years.
Full Research Reports on Global Ceramics Market: http://www.grandviewresearch.com/industry-analysis/ceramics-market
Further key findings from the report suggest:
- Advanced
ceramics are expected to be the fastest growing segment in terms of volume
at a CAGR of over 9.0% from 2015 to 2022. These products are expected to
witness a substantial rise over the next seven years owing to their
capability of performing under extreme conditions. Growing demand from
various end-use industries including automotive, heavy machinery and
defense is expected to have a positive impact on the market.
- Ceramic
tiles dominated the industry with demand estimated at over 70.0 million
tons in 2014. Growth and development of construction industry is expected
to be the primary driver of this market over the forecast period owing to
urbanization, higher per capita income, population rise and economies.
- Housing
and construction was the largest application segment valued over at USD
65.00 billion in 2014. Aesthetic and durability advantages of these
products are expected to drive its demand in civil construction sector
over the next seven years
- Asia
Pacific was the largest market, estimated at over 110.0 million tons in
2014. China was the largest regional market on account of its booming
automobile industry, coupled with high infrastructural investment to meet
the housing needs of the country.
- Global
market is fragmented on account of presence of numerous companies. These
companies invest highly in R&D to introduce innovative environmental
friendly products. However, presence of large unorganized market mainly in
China and India pose constant threat to these manufacturers in terms of
their quality and price offerings.
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
For the purpose of
this report, Grand View Research has segmented the Global Ceramics Market on
the basis of product, application, end-use and region:
Ceramics Product Outlook (Volume, Million Tons,
Revenue, USD Billion, 2012 - 2022)
- Traditional
ceramics
- Advanced
ceramics
Ceramics Application Outlook (Volume, Million Tons,
Revenue, USD Billion, 2012 - 2022)
- Sanitary
Ware
- Table
and Ornamental Ware
- Abrasive
- Technical
Ceramics
- Bricks,
Roof Tiles and Pipes
- Refractories
- Tiles
- Decorative
Tiles
- Packaging
- Fine
Art
- Others
Ceramics End-Use Outlook (Volume, Million Tons, Revenue,
USD Billion, 2012 - 2022)
- Housing
& construction
- Industrial
- Medical
- Others
Ceramics Regional Outlook (Volume, Million Tons, Revenue,
USD Billion, 2012 - 2022)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Latin
America
- Brazil
- MEA
- Saudi
Arabia
View
Press Release On Global Ceramics Market By Grand View Research: http://www.grandviewresearch.com/press-release/global-ceramics-market
About
Grand View Research
Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit us: www.grandviewresearch.com
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