This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies
By closing this message or continuing to use our site, you agree to our cookie policy. Learn More
This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Subscribe
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • News
    • Ceramic Industry News
    • Market Trends
    • Events Calendar
  • Topics
    • Advanced Ceramics
    • Refractories
    • Glass
    • Whitewares
    • Brick and Structural Clay
    • Raw and Processed Materials
    • Firing and Drying
    • Batching and Materials Handling
    • Forming and Finishing
    • Instrumentation & Lab Equipment
    • Decorating
  • New Products
    • New Products
    • Virtual Supplier Brochures
  • Columns
    • IP in Depth
    • Glass Works
    • Ceramic Decorating
    • Taking Care of Business
  • CI Top 14
  • Multimedia
    • Videos
    • Podcasts
    • Photo Galleries
    • Mobile App
    • Webinars
  • Directories
    • Data Book & Buyers' Guide
    • Ceramic Components Directory
    • Materials Handbook
    • Equipment Digest
    • R&D Lab Equipment & Instrumentation
    • Services Directory
    • Take a Tour
  • Explore
    • Blog
    • CI Store
    • Raw & Manufactured Materials Overview
    • CI Supplier of the Year Award
    • Material Properties Charts
    • Market Research
  • Magazine
    • Current Issue
    • Digital Edition
    • Classifieds & Services Marketplace
    • Advertiser Index
  • eNewsletters
  • Advertise
    • Contact
    • Classifieds & Services Marketplace
    • Custom Content Marketing Services
Home » Multiple Factors Driving Growth in Global Ceramic Market Size; Advanced Ceramics to Advance 9% through 2022
Ceramic Industry NewsAdvanced CeramicsCI Advanced NewsCeramic Industry TopicsBrick and Structural ClayMarket TrendsWhitewares

Multiple Factors Driving Growth in Global Ceramic Market Size; Advanced Ceramics to Advance 9% through 2022

up arrow chart
November 23, 2015
KEYWORDS brick in construction / ceramics in automotive / ceramics in defense / market reports / sanitaryware / tile
Reprints
No Comments

The global ceramics market is expected to reach $287 billion by 2022, according to a recent report by Grand View Research, Inc. Rising government funding for large-scale infrastructure projects in China, India, Myanmar, Philippines, Malaysia, Indonesia and China is expected to propel construction industry growth, which will have a positive on product demand over the next seven years. Retail industry growth, along with an increasing acceptance of a supermarket culture, and strong exports in the emerging economies of the Asia-Pacific region are 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 also expected to have a positive impact.

North America and Europe are expected to witness considerable growth in light of rising R&D expenditure for the introduction of eco-friendly products. However, raw material price volatility is expected to challenge the industry over the next seven years. 

Advanced ceramics are expected to be the fastest-growing segment in terms of volume at a compound annual growth rate (CAGR) of over 9% 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 tile dominated the industry, with demand estimated at over 70 million tons in 2014. Growth and development in the construction industry is expected to be the primary driver of this market over the forecast period, due to urbanization, higher per capita income, population increases and improving economies. Housing and construction was the largest application segment, valued over at $65 billion in 2014. Aesthetic and durability advantages of these products are expected to drive demand in the civil construction sector over the next seven years. 

Asia-Pacific was the largest market, estimated at over 110 million tons in 2014. China was the largest regional market, due to its booming automobile industry, coupled with high infrastructural investments to meet the country’s housing needs. 

The global market is fragmented due to the presence of numerous companies. These companies invest highly in R&D to introduce innovative environmentally friendly products. However, the presence of large unorganized markets, mainly in China and India, pose a constant threat to manufacturers in terms of their quality and price offerings. 

For more information, call (888) 202-9519 or visit www.grandviewresearch.com. 

ci-subscribe

Related Articles

Multiple Factors Driving Growth in Global Smart Bathroom Market

Multiple Factors Driving Growth of Ceramic Filters

Market for Advanced and Nano-Sized Ceramic Powders to See Nearly 9% Annual Growth

Multiple Factors are Driving the Global Automotive Composites Market

Related Events

2022 National Association of Home Builders (NAHB) International Builders’ Show (IBS)

The Advanced Materials Show

Ceramics UK

Hydrogen + Fuel Cells EUROPE at HANNOVER MESSE

You must login or register in order to post a comment.

Report Abusive Comment

Subscribe For Free!
  • Print & Digital Edition Subscriptions
  • eNewsletters
  • Online Registration
  • Customer Service

More Videos

Popular Stories

Kyocera HC Starck Ceramics acquisition

Kyocera Adds European Production Capacity with H.C. Starck Ceramics Acquisition

glass news schott elt mirror substrate

SCHOTT Delivers World’s Largest Convex Mirror Substrate for the European Southern Observatory’s Extremely Large Telescope

CoorsTek ceramic membrane filtration tube

CoorsTek and Deltapore Showcase Benefits of Hollow Ceramic Core Membrane Filtration

CI0219-RossFeature-slide1

Mix Small, Think Big: Practical Mixing Scale-Up Tips for Ceramic Manufacturers

medical ortho

Kyocera to Purchase Major Assets of Renovis Surgical Technologies

CI directories

Events

January 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Products

Handbook of Advanced Ceramics Machining

Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

See More Products

CI raw and manufactured materials

Ceramic Industry Magazine

CI0219-Cover-144px

February 2019

Don't miss our annual R&D Directory, previews of key trade shows, tips for scaling up from development to production, and more!

View More Subscribe
  • Resources
    • Advertiser Index
    • List Rental
    • Classifieds & Services Marketplace
    • Manufacturing Group
    • Partners
    • Want More?
    • Connect
    • Privacy Policy
    • Survey And Sample
  • Subscribe
    • Print & Digital Subscriptions
    • eNewsletters
    • Customer Service

Copyright ©2019. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing