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According to the latest market research report on the Ceramics Market, published by IndustryARC, Advanced ceramics is estimated to experience the fastest CAGR of 6.4% during the forecast period of 2024-2030. The effort to achieve greater performance in the aeronautical and aerospace industries has served as a driving factor and inspiration for advanced ceramic research, study, and development. Furthermore, the growth in aircraft production is driving the advanced ceramics market.
The Ceramics Market research report segmented By Type (Classic Ceramics, Advanced Ceramics), By Material (Classic [Clay, Quartz, Other Natural Materials], Advanced [Alumina, Silicon Carbide, Zirconia, Titanate, Silicon Nitride, Others]), By Product (Classic Ceramics [Glazed, Porcelain, Other Products], Advanced Ceramics [Monolithic Ceramics, Ceramic Coatings, Ceramic Matrix Composites]), By Application (Tiles, Sanitary ware, Pottery, Bricks & Pipes, Abrasives, Electrical Equipment, Wear Parts, Engine Parts, Others), By End-User (Building & Construction, Medical, Automotive, Aerospace, Electrical & Electronics, Others) and By Geography, which provides comprehensive analysis of global market & industry forecast (2024 – 2030).
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South America Anticipated to Show the Fastest Growth in the Market:
South America is estimated to be the fastest-growing region in the Ceramics Market owing to the major manufacturing investments, and a constantly evolving product portfolio in this region. For example, Novaref, one of Italy’s top producers of refractory rollers, reported an increase in sales in 2023, especially in South America, where the company has gotten orders from top regional tile producers because of its array of high-performance rollers and superior technical assistance. In addition, South America is a unique travel location. According to UNWTO estimates, 78.2 million visitors will visit Latin America by 2027, bringing approximately $82 billion to the region’s economies. So, the growing need for attractive yet durable flooring solutions in the hotel industry is propelling the ceramic tiles market forward.
Ceramics Market 2024 – 2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024 – 2030 |
|
CAGR |
4.5% |
|
Market Size in 2030 |
$360 billion |
|
Segments Covered |
Type, Material, Product, Application, End-User and Region |
|
Geographies Covered |
North America (the US, Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia and the Rest of South America), the Rest of the World (the Middle East and Africa). |
|
Key Market Players |
1. Asahi Glass 2. AGC Ceramics 3. Saint-Gobain 4. Kyocera Corp 5. NGK Spark Plug 6. Mohawk Industries 7. Morimura Group 8. 3M 9. Corning Inc 10. Kajaria Ceramics Limited |
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Ceramics Market Report – Key Takeaways:
The strong performance of ceramic tiles is driven by a vibrant construction industry. For instance, when it comes to the United States construction industry, single-family new home starts increased 13.4% from the previous year to 1.12 million units in 2021, accounting for 70.4% of total home starts and multi-family starts rose 21.3% from 2020 to 472,100 units, according to the US Census Bureau. As they are necessary components for any real estate construction, these new home start growth rates will increase demand for ceramics, particularly for tiles and sanitaryware.
The demand for advanced ceramics has increased, owing to its special features such as the wide range of electrical conductivity, that extends more than 15 orders of magnitude and cannot be matched by any other class of materials. They frequently allow for reduced product sizes and, hence, more commercially appealing items when compared to metallic materials.
The increasing demand for advanced ceramics from the electronics industry, especially for manufacturing semiconductors is driving its market growth. These days, a wide range of materials are available, such as ceramics for NTC, PTC, piezoelectrics, and dielectrics. The key application of advanced ceramics is the manufacture of semiconductors. Some of the widely used advanced ceramics in semiconductor manufacturing are silicon carbide (SiC) and pyrolitic boron nitride (PBN).
Volatile raw material prices are a major challenge for the ceramic tile market, as they ultimately raise production costs and reduce profit margins. Clays, silica, sand, or feldspar are the basic raw materials. Raw material prices have risen as the material’s use has expanded into new applications. The price of bentonite clay was approximately $67 per ton in 2018, but as its applications increased, so did its price, which reached approximately $94 per ton in 2023. Because of the high cost of raw materials, tile companies may lose market share; therefore, companies must develop strategies to maintain a stronghold on the market.
Renovation activities are in growing demand for easy-to-maintain, better aesthetic, durable, and moisture, fire, and scratch-resistant tiles. Increasing home renovation and modular kitchen projects is one of the significant global ceramic market growth drivers. For instance, the Houzz & Home Survey of 70,000 U.S. respondents found that, in 2022, 55% of homeowners planned to renovate their house, while 46% planned to decorate it. In addition, homeowners with higher-budget renovations planned to spend $75,000 on projects in 2022 compared with $60,000 in 2021.
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Key Opportunity Analysis:
Increasing advanced ceramics demand for 5G wireless communication systems
The 5G industry will see a shift towards ceramics to manage the thermal management of complex operating environments associated with 5G infrastructure. Ceramics outperform polymeric materials in terms of dielectric constant range, mechanical stability in thin sections, and ease of metallization.
5G network systems are likely to stimulate the development of advanced ceramics for millimetre wave applications that demand small parts and precise tolerances. Because not all of these components can be created using present technology, there is a rising need to enhance the current manufacturing infrastructure to meet this gap in the industry. Thus, the demand for advanced ceramics is expected to increase for 5G wireless communication systems.
Advancement in additive manufacturing (AM) technology
The conventional ceramic fabrication technologies of die pressing, tape casting, slip casting, injection molding, and others, offer insufficient design freedom and often lead to high levels of machining generating both expense and waste, with high labor and tooling costs. Therefore, additive manufacturing, often referred to as 3D printing, is increasingly being researched to produce the required complex-shaped, smart ceramics with tailored properties. This trend is gaining traction in the ceramic sector.
For instance, at Formnext 2022, Nexa3D showed ceramic as a tooling material. Its xCeramic3280 ceramic composite resin (created in collaboration with BASF) offers a robust material for 3D printed bridge tooling that, in the case of injection molding, can extend this “bridge” into even larger mold quantities than are associated with rapid tooling. Its resin has a high tensile strength and heat resistance. In October 2022, Lithoz GmbH, a technology leader in ceramic 3D printing, acquired CerAMing, a German company that holds the patent for the Layer-wise Slurry Deposition (LSD)-Print ceramic 3D printing technique.
Accelerating research on advanced ceramics to achieve greater performance in the aerospace sector
The effort to achieve greater performance in the aeronautical and aerospace industries has served as a driving factor and inspiration for advanced ceramic research, study, and development. Therefore, special attention is given to fine ceramics’ capacity to satisfy an alluring, intense, and unique mix of application needs. As a result, market demand for ceramics is predicted to increase as the dependability, durability, and useful lifetime extension of a crucial structure improves.
For instance, in January 2024, a research team led by materials scientists at Duke University developed a computational method that discovers hundreds of new ceramics for extreme environments, which are Harder than steel and stable in chemically corrosive environments. Heat-impervious electronics in the aerospace sector could be one possible application.
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The Report also Covers the Following Areas:
Ceramics Market 2023-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Top Companies in the Ceramics Market:
The Global Ceramics Market is concentrated as the majority share is held by the leading ceramics providers. The key companies profiled are listed below:
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Technical Ceramics Market – Technical Ceramics Market is projected to grow at a CAGR of 5.8% by 2030. The technical ceramic market is expanding due to factors like rising steel output, expanding automotive manufacturing, and strong sales of electronic equipment like semiconductors.
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