Asia Pacific Ceramics Market Size & Outlook, 2022-2030
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Asia Pacific ceramics market highlights
- The Asia Pacific ceramics market generated a revenue of USD 95.4 million in 2022.
- The market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, traditional was the largest revenue generating product in 2022.
- Advanced is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 95.4 million |
| Market revenue in 2030 | USD 159.8 million |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Traditional |
| Fastest growing segment | Advanced |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traditional, Advanced |
| Key market players worldwide | 3M Co, AGC Inc, CeramTec, CoorsTek, Mohawk Industries Inc, Morgan Advanced Materials PLC, Compagnie de Saint-Gobain SA |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.8% of the global ceramics market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 159.8 million by 2030.
Traditional was the largest segment with a revenue share of 55.45% in 2022. Horizon Databook has segmented the Asia Pacific ceramics market based on traditional, advanced covering the revenue growth of each sub-segment from 2017 to 2030.
The increased demand for ceramic-based roof tiles, artware, and tableware in Asia Pacific can be associated with the usage of ceramics, especially in pottery applications in the region. Pottery ceramics have cultural importance in Japan, China, etc. as they are used in religious and ceremonial activities such as on the altars in the places of worship, as well as in tea ceremonies, in these countries.
For instance, India-based ceramic tableware manufacturer, Clay Craft India, announced its intentions to invest USD 25.0 million in several phases to establish a ceramic-based tableware manufacturing plant in Chomu, Jaipur in the country to cater to the rising demand for this tableware from customers in India.
The company has announced its intention to build numerous public toilets in countries such as Thailand, Vietnam, Indonesia, the Philippines, and India. Such initiatives are anticipated to have a positive impact on the demand for ceramics in the region that are used for developing sanitary ware.
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Ceramics Market Scope
Ceramics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CeramTec | View profile | 1001-5000 | Plochingen, Baden-Wurttemberg, Germany, Europe | http://ceramtec.com |
| Morgan Advanced Materials PLC | View profile | 8783 | Sheet Street, York House, Windsor, United Kingdom, SL4 1DD | https://www.morganadvancedmaterials.com |
| Mohawk Industries Inc | View profile | 43300 | 160 South Industrial Boulevard, Calhoun, GA, United States, 30701 | https://www.mohawkind.com |
| CoorsTek | View profile | 10001+ | Golden, Colorado, United States, North America | https://www.coorstek.com |
| AGC Inc | View profile | 61671 | 1-5-1, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8405 | https://www.agc.com |
| Compagnie de Saint-Gobain SA | View profile | 168508 | 12, Place de l'Iris, Tour Saint-Gobain, Courbevoie, France, 92400 | http://www.saint-gobain.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
Asia Pacific ceramics market size, by country, 2017-2030 (US$M)
Asia Pacific Ceramics Market Outlook Share, 2022 & 2030 (US$M)
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