Ceramics Market Size To Reach $287.06 Billion By 2022: Grand View Research, Inc.
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.
U.S. ceramics market by end-use, 2012-2022, (Million Tons) |
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 Report On Global Ceramics Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/ceramics-market
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.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
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
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-ceramics-market
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.
For More
Information: www.grandviewresearch.com
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