Ceramics Industry Data Book - Traditional Ceramics and Advanced Ceramics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Database Overview

Grand View Research’s ceramics sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Ceramics Industry Data Book Scope

Ceramics Industry Data Book Coverage Snapshot

Ceramics Sector Outlook

The economic value generated by the ceramics industry was estimated at approximately USD 239.53 billion in 2022. This economic output is an amalgamation of ceramics products, including traditional ceramics and advanced ceramics.

The growth of the ceramics industry is driven by the increasing consumption of ceramics-based products in a wide range of end-use industries such as construction, electronics & electrical, aerospace, automotive, daily use, and medical. Increasing investment in luxury hotels, restaurants, resorts, and villas is increasing the consumption of ceramics to increase the aesthetic appeal of the property, which is anticipated to drive the market growth across the forecast period.

In August 2022, Nakheel PJSC revealed a plan for the Dubai islands. They plan to create five islands covering a total of 17 square kilometers by the year 2040. These islands are expected to have various features, including 80 luxurious resorts and hotels, vibrant cultural centers, charming boutiques, beautifully designed public parks, and comfortable residential areas.

The sanitaryware segment is expected to register a growth rate of 5.2% across the forecast period. Sanitary ware items that are manufactured using ceramics are easy to clean on account of their glossy finish. Moreover, the use of ceramics in the production of sanitary ware is being viewed as an alternative to fiber and steel sanitary ware items because of their superior characteristics like corrosion resistance, abrasion resistance, and glossy surface, among others.

Rising investment in the building construction is expected to propel the sanitary ware items such as wash basins, bathroom fittings, bathtubs, and kitchen sinks. For instance, in June 2023, Shriram Properties announced an investment (USD 90.2 million) for the construction of a housing project in India.

The cost of advanced ceramics, including high-tech varieties, tends to be higher. This poses challenges that hinder the overall growth of the market. Pricing for these ceramics is mostly determined by the expenses involved in producing ceramic fibers. Various industries like aerospace, medical, military, and marine rely heavily on these fibers for composites. However, the advanced ceramics market faces a significant obstacle due to the increased prices of silicon carbide, resulting from decreased ceramic fiber manufacturing.

The Asia Pacific region held the largest revenue share of the market in 2022. Rising investment in the various end-use industries such as building construction, aerospace & defense, medical, and automotive is driving the regional growth. Also, residential construction initiatives in countries like India and China are poised to drive substantial demand for the ceramics product in the said forecast period.

Traditional Ceramics Market Analysis And Forecast

In 2022, as per insights from the University of New South Wales (UNSW), traditional ceramics comprise three fundamental materials: silica (quartz), clay, and feldspar. Among these components, clay is the most widely utilized substance. This type of product is frequently employed in crafting porcelain tiles, clay bricks, and various tableware items.

The artware application segment held a market share of 6.4%, and it is expected to register a 4.1% growth rate in terms of revenue over the forecast period. The increasing investments in the construction of new residential luxury buildings worldwide drive the growth of the segment. This leads consumers to spend increasingly on the decoration of new buildings with high-end ceramics artware such as sculptures and fountains.

Advanced Ceramics Market Analysis And Forecast

Advanced ceramics are produced using materials like silicon nitride, aluminum oxide, and silicon carbide, among others. Additionally, the composition of advanced ceramics can be readily adjusted by altering the chemical compounds involved in their production. This characteristic ensures that advanced ceramics possess a flawless and pure microstructure.

Middle East Africa is expected to register a growth rate of 4.5% during the forecast period. The growth of the region is attributed to rising investment by the GCC countries in mega projects is expected to augment the consumption of advanced ceramics products in the said forecast period. For instance, in August 2022, China State Construction Engineering Corporation (CSCEC) started the construction of five residential skyscrapers in New Alamein City, Egypt.

Competitive Insights

The participation of numerous manufacturers characterizes the global ceramics market, focused on developing ceramic products. These prominent companies compete against one another based on elements like product quality and cost. The Players participating in this market consistently develop new products to keep ahead of their rivals, which distinguishes the ceramics market globally. For instance, CeramTec GmbH introduced the AIN HP, a relatively new high-performance substrate, in May 2022. This ceramic substrate is perfect for use in the manufacturing of power converters for rail vehicle production.