Market revenue in 2022 | USD 9.0 million |
Market revenue in 2030 | USD 12.3 million |
Growth rate | 3.9% (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 |
Traditional was the largest segment with a revenue share of 57.78% in 2022. Horizon Databook has segmented the Middle East & Africa ceramics market based on traditional, advanced covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for ceramic products in MEA is expected to be driven by the increasing number of hotels, luxury resorts, and luxurious residential spaces in countries like the U.A.E., Saudi Arabia, and Qatar. For example, a U.A.E.-based real estate developer OMNIYAT, announced the beginning of its luxury residential projects in Palm Jumeriah, Dubai in 2021.
Such developments are expected to drive the demand for ceramics in the production of decorative tiles, 3-D printed flooring, sanitary ware products, and other interior décor products. Additionally, the regional demand for ceramics is expected to be driven by increasing production of ceramic tiles in countries like the U.A.E., Iran, Egypt, and Turkey among others.
According to a publication on Ceramic Tile Info, countries like Iran, Egypt and Turney were among the largest manufacturers of ceramic tiles in the region. Such factors are expected to drive the market for ceramics in the region.
Key Regions: U.S. , UK , Japan , Brazil , Gulf Cooperation Council
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