Global Ceramics Market 2017-2021
Ceramics are inorganic, non-metallic materials made by the process of intense heat on materials such as alumina, clay, silicon carbide, and tungsten carbide. The composition of ceramic is harder and stiffer than steel; however, it is brittle. Ceramics can be classified based on product type, as traditional ceramics and advanced ceramics; by applications, as bricks, roof tiles and pipes, technical ceramics, refractories, table and ornamental ware, abrasives, ceramic tiles, packaging, fine art, and sanitary ware; by end-users, as housing and construction industry, industrial, medical industry, and others.
Technavio’s analysts forecast the global ceramics market to grow at a CAGR of 6.91% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ceramics market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ceramics Market 2017-2021
Technavio recognizes the following companies as the key players in the global ceramics market: AGC Ceramics, China Glass Holdings, Corning, PPG Industries, Roca Sanitario, Saint-Gobain, and SCHOTT.
Other Prominent Vendors in the market are: 3M, ABK Industrie Ceramiche, Battelle Memorial Institute, CARBO Ceramics, Casalgrande Padana, CEMEX, CERAMICHE ATLAS CONCORDE, CERAMICHE CAESAR, Ceramiche Piemme, COOPERATIVA CERAMICA D'IMOLA, LIXIL Group, Nippon Sheet Glass, and Samsung Electronics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of ceramics in medical applications. High-tech ceramics have been a significant part of modern medical devices; currently, they are used as acetabular cups and femoral heads for total hip replacement, restorations and dental implants, bone scaffolds and fillers for tissue engineering. The need for strong, tough, and stable bioinert ceramics should be met by either alumina and zirconia-based ceramics and composites, Nano-structured, or by non-oxide ceramics.”
According to the report, one driver in the market is increased investment on the development of infrastructure. The global construction industry is growing rapidly with a major contribution from emerging countries. In 2016, the revenue generated by the global construction industry reached approximately $8.82 trillion from $7.91 trillion in 2012. The revenue is expected to reach approximately $14.98 trillion by 2025. The emerging countries accounted for 51.9% of the total construction industry in 2016 and are estimated to contribute approximately 62.5% by 2025. The governments of these regions are investing significantly in residential homes owing to the rapid urbanization in lieu of jobs, better lifestyle, and other amenities.
Further, the report states that one challenge in the market is high production cost. The fluctuation in the cost of raw materials is affecting the supply of ceramic products in the market, which is posing a challenge to the global ceramics market. Consequently, there has been an increase in the regional requirement and supply of ceramics, which creates a demand imbalance. The fluctuation in the price of vital energy resources, such as atomic and crude oil, is affecting the manufacturer of these materials, which hinders the growth of the market. The primary use of energy in the production of ceramic is for kiln firing and in the drying of intermediates or shaped ware.
AGC Ceramics, China Glass Holdings, Corning, PPG Industries, Roca Sanitario, Saint-Gobain, SCHOTT, 3M, ABK Industrie Ceramiche, Battelle Memorial Institute, CARBO Ceramics, Casalgrande Padana, CEMEX, CERAMICHE ATLAS CONCORDE, CERAMICHE CAESAR, Ceramiche Piemme, COOPERATIVA CERAMICA D'IMOLA, LIXIL Group, Nippon Sheet Glass, and Samsung Electronics.