ASEAN Ceramics Market Size To Reach $11.42 Billion By 2030

ASEAN Ceramics Market Growth & Trends

The ASEAN Ceramics market size is expected to reach USD 11.42 billion by 2030, expanding at a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing construction industry and rising government spending on infrastructural development are expected to have positive impacts on the market growth over the forecast period. The rising need for ceramic tiles in restaurants, offices, malls, and resorts will augment product demand growth over the next eight years.

Traditional and advanced ceramics are the two product categories of ceramics. The traditional product segment is growing on account of its increasing application in the manufacturing of clay bricks, tableware, and porcelain tiles. The advanced product segment is expected to grow over the forecast years mainly on account of their capability of performing under extreme conditions. These materials exhibit a very high degree of industrial efficiency, which has resulted in rising demand for the product from various industries, including heavy machinery, automotive, energy, cutting tools, and defense.

Ceramic tiles were the largest application segment for ASEAN ceramics, accounting for 25.5% of the ASEAN ceramics industry revenues in 2016. The number of construction projects are on the rise owing to the demand for residential infrastructure and renovation of existing buildings, most notably in rapidly-emerging countries such as Indonesia and Malaysia. This is proving to be a major driver for ceramic tile manufacturers in the region.

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ASEAN Ceramics Market Report Highlights

• The ASEAN ceramics market was estimated at USD 7.68 billion in 2023, and is expected to grow at a CAGR of 6.1% from 2024 to 2030, driven primarily by the increasing need for the products in housing, construction, and industrial applications.

• The medical segment is slated to experience the fastest growth, in terms of revenue, projected to grow at a CAGR of over 8.5% during the forecast period, resultant from the increasing use of ceramics in the medical sector for orthopedic functions.

• Traditional product segment continues to hold a substantial market share due to its established presence and broad range of applications The advanced product segment is projected to witness higher growth during the forecast period, owing to increasing application scope in high-performance applications

• The industry in Indonesia is projected to witness substantial growth over the next eight years owing to significant growth of the medical and housing & construction industries. The Indonesia Ceramics market dominated the ASEAN market with a share of 28.4% in 2023 and is expected to grow fastest with a CAGR of 6.7% from 2024 to 2030.

• Acquisitions accounted for the highest share among strategic initiatives undertaken by players involved in the ASEAN ceramics industry. For instance, In June 2024, the Indonesian Ceramic Industry Association (Asaki) petitioned the government to levy an anti-dumping duty of up to 100% on ceramic imports originating from China. The association alleged that Chinese exporters were engaging in unfair trade practices.

ASEAN Ceramics Market Segmentation

Grand View Research has segmented the ASEAN Ceramics market based on product, application, end use, and country:

ASEAN Ceramics Product Outlook (Revenue, USD Million, 2018 - 2030)

• Traditional

• Advanced

ASEAN Ceramics Application Outlook (Revenue, USD Million, 2018 - 2030)

• Sanitary Ware

• Abrasives

• Bricks and Pipes

• Tiles

• Pottery

• Others

ASEAN Ceramics End Use Outlook (Revenue, USD Million, 2018 – 2030)

• Building & Construction

• Industrial

• Medical

• Other

ASEAN Ceramics Countries Outlook (Revenue, USD Million, 2018 - 2030)

• Indonesia

• Malaysia

• Singapore

• Thailand

• Vietnam

List of Key Players in ASEAN Ceramics Market

• Kenzai Ceramics Industry Co.,Ltd.

• Niro Ceramic (M) Sdn. Bhd.

• Royal Ceramics Thailand

• Saint-Gobain

• SCG CERAMICS

• SNKO

• Sunward Ceramics Corp

• Taicera.

• TOKO VIETNAM CO., LTD

• VIGLACERA TH?NG LONG