Ceramics Market

Market Overview

The global ceramics market size was valued at USD 244.69 billion in 2021. It is projected to reach USD 379.27 billion by 2030, growing at a CAGR of 4.48% during the forecast period (2022–2030).

Ceramics are manufactured generally from carbides, oxides, and nitrides. Whiteware, porcelain, stoneware, and chinaware compose the conventional items. The majority of the items above are used in both residential and non-residential structures, so rising construction activity globally and home renovations are driving the market.

Numerous applications for ceramics include dental and bone implants, hip and joint replacement, and femoral heads. In addition, technological improvements and government investment in advanced ceramics research and development are driving market expansion. Technological advances, such as 3D printing, resulted from discovering new knowledge. For instance, in February 2021, CeramTec, a German maker of ceramic products, created ROCAR 3D, a novel 3D printing technology for manufacturing specialized ceramic construction elements. It combines the unique material properties of silicon carbide (SiSiC) with a fast and inexpensive 3D printing method.

Market Dynamics

Market Drivers

Utilization in the Production of Tiles and Sanitaryware

The consistent increase in residential buildings seen worldwide is projected to result in a rise in demand for ceramics as a raw material in producing various goods, including tiles and sanitary ware. In addition, because ceramics are utilized in the production of bioimplants, it is anticipated that they will achieve a significant market share in the medical industry. It is anticipated that increasing investments in the medical industry due to factors such as the rise of coronaviruses and the expanding senior population would contribute to the expansion of the market throughout the projected period.

Expansion of End-User Industries

Advanced ceramics have more corrosion resistance than conventional materials (such as aluminum and steel), resulting in lower maintenance costs for aviation, vehicles, and armor. This makes these ceramics a good material for various end-user industries, including aerospace, energy and power, automotive, electronics, and military and defense. Due to high temperatures and various environments, thermal expansion is a common fault that leads to component failure in energy and power, aircraft, defense, and automotive components. Under identical climatic circumstances, the thermal expansion of advanced ceramics is significantly less than that of ordinary alloys and metals. This characteristic has increased the application of these ceramics in various industries.

Market Restraints

High Cost

For the past decade, several different businesses have expressed worry regarding the price of advanced ceramics. The cost of ceramic fibers significantly impacts the pricing of these ceramics. On the other hand, the production of alumina and silicon carbide fibers is still at a superficial level. These fibers find widespread application as composites in various end-user industries, including the aerospace and medical industries, the military and defense sector, and the maritime industry. As a result of decreased manufacturing of ceramic fibers, silicon carbide prices have increased, which negatively impacts the expansion of the advanced ceramics market. The matrix formation is another aspect that contributes to the increased prices of these ceramics. To produce a matrix, one must engage in pricey batch operations in a tightly controlled environment at high temperatures.

Market Opportunities

Increasing Prevalence in the Aerospace and Military Industries

Demand for lightweight armors and engine components is growing, and the importance of the composite material's decreased weight in these applications is also growing. Many companies, mainly in the United States and Europe, are working on developing more fuel-efficient aircraft. Due to this, it is anticipated that more advanced ceramics will be utilized in constructing new aircraft engines during the forecast period. Advanced ceramics are becoming increasingly important to the aerospace industry as a potential replacement for traditional alloys and metals. Aside from the aerospace business, makers of defense equipment are focused on producing lightweight and high fracture toughness armors for use by both military troops and vehicles.

Regional Analysis

The global ceramics market is segmented into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific will dominate the global ceramics market during the forecast period. India, China, Thailand, and other South Asian nations with expanding economies are anticipated to drive the ceramics industry in the region. In addition, the region is experiencing substantial expansion and investment in the medical industry, which is anticipated to stimulate market growth further. China is expected to be one of the fastest-growing healthcare markets during the forecast period. As ceramics are utilized in medical components and equipment, the Chinese healthcare industry is anticipated to provide future growth possibilities for ceramics manufacturers.

The market for ceramics in North America is predicted to expand steadily throughout the forecast period. In the future, the region's demand for ceramic tiles is anticipated to increase dramatically due to the rising development of residential and commercial buildings. In addition, the increasing emphasis on the development of the domestic ceramic tile sector, supported by the rising demand from walling and flooring applications, contributes to the expansion of the market. Increasing investments in single-family and multifamily housing projects and the expansion of the refurbishment industry are driving the need for sanitary ware and tiles. The market for medical devices relies on various industries, including telecommunications, microelectronics, biotechnology, instrumentation, and software development, in which the nation has a competitive advantage.

Segmental Analysis

The global ceramics market is segmented into product, application, and end-user.

Based on application, the market is divided into traditional and advanced.

The traditional segment held the most significant sales share during the forecast period. Due to the rising use of traditional ceramics in producing clay bricks, tableware, and porcelain tiles, this category has dramatically grown and is anticipated to dominate during the projection period. The traditional constituents of ceramics are silica (quartz), feldspar, and clay. These minerals are utilized in various combinations to produce ceramic tiles and other ceramic-related goods. Increasing demand for tiles and tableware will drive segment expansion in the future. These materials display an exceptionally high level of resilience to wear and high temperatures.

Based on application, the market is divided into sanitary ware, abrasives, bricks and pipes, tiles, and pottery.

The sanitary ware sector represented the most outstanding revenue share during the forecast period. Various shower plates, washbasins, bathtubs, and toilet bowls are manufactured from ceramics under this section. In addition, ceramic-based sanitary ware items are considered ideal substitutes for steel and fiber sanitary ware because of their properties, such as abrasion resistance, corrosion resistance, glossy surface, and various colors. During the projected period, rising investments in luxury construction are anticipated to improve product demand.

The abrasives segment of the ceramics market is anticipated to grow at a CAGR of 4.96% during the projected period. These are used in tools for various tasks, including grinding, cutting, dressing, polishing, sharpening, and dressing, especially for metal, wood, glass, stone, and polymers. They are also utilized to prepare surfaces for applying paints or adhesives. Art ware, figurines, sculptures, earthenware, stoneware, porcelain, and bone china are examples of ceramic products that are widely employed. Increasing consumer interest in interior decoration is projected to favor demand for these products, boosting demand throughout the forecast period.

Based on end-users, the market is divided into building and construction, industrial, and medical.

The building and construction sector holds the most significant revenue during the forecast period. The sector's expansion is being fueled by improvements in residential and commercial buildings, as well as improvements in public and other types of infrastructure. In the coming years, it is projected that increased government focus on affordable housing in various places would contribute to expanding this market segment. Ceramics have a wide variety of applications in the aerospace industry. Some of these applications include the production of combustor liners, wear components, space shuttle tiles, and fire detection systems. As a result, it is anticipated that expansion in the various industrial sectors will drive product demand during the forecast period.

Recent Developments

• May 2022, Kyocera Plans to Reduce Greenhouse Gas 46%, Increase Renewable Energy Use 20x by 2031.
• April 2022, KYOCERA Demos Future of Autonomous Driving at Japan's Automotive Engineering Expo.
• January 2022, Corning Expands High-Index Glass Portfolio to Help Accelerate Mass Adoption of Augmented Reality Technology.
• May 2022, Imerys inaugurates its first synthetic minerals pilot plant.