Ceramics Market Size to Grow by $ 64.52 Billion During 2021-2025

Technavio has been monitoring the ceramics market and it is expected to grow by $ 64.52 bn, accelerating at a CAGR of almost 5.72% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Ceramics Market: APAC to lead market growth during the forecast period

• 71% of the market growth will originate from APAC during the forecast period. Factors such as the growth of end-user industries, including housing and construction, industrial, and medical are accelerating the ceramics market growth in APAC. 
• Growth by the housing and construction segment will be significant during the forecast period. The demand for ceramic products is increasing due to the increase in the number of residential projects and buildings. The increased expenditure on sanitary ware products for a better lifestyle by consumers, owing to the increase in disposable income, is one of the key factors for the increased demand for ceramics from the housing and construction industry. 
• Increasing demand for lightweight and high-performance materials will be a significant factor in driving the growth of the ceramics market.

Ceramics Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AGC Inc., Cooperativa Ceramica dImola Sc, Compagnie de Saint-Gobain SA, Corning Inc., Kyocera Corp., LIXIL Corp., Mohawk Industries Inc., R.A.K Ceramics PJSC, SCHOTT AG, and The Siam Cement Group Public Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Ceramics Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive ceramics market growth during the next five years
• Precise estimation of the ceramics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the ceramics market industry across APAC, Europe, South America, MEA, and North America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ceramics market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 5.72%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 64.52 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing demand for lightweight and high-performance materials will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, South America, MEA, and North America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   71% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are AGC Inc., Cooperativa Ceramica dImola Sc, Compagnie de Saint-Gobain SA, Corning Inc., Kyocera Corp., LIXIL Corp., Mohawk Industries Inc., R.A.K Ceramics PJSC, SCHOTT AG, and The Siam Cement Group Public Co. Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by End-user (Housing and construction, Industrial, Medical, and Others), Application (WFT, BRTP, Refractories, Abrasives, and Others), and Geography (APAC, Europe, South America, MEA, and North America)