The ”Ceramics Market“ report offers a detailed analysis of the current market situation, as well as gives valuable information regarding the future outlook of the industry. It provides a complete analysis of changing market dynamics and opportunities, industry market trends in all business verticals, overall global as well as regional markets. The Ceramics Market report also includes the forecasts for this industry by various types, applications, and regions for the period from 2022 to 2028 with estimated revenue figures. Market players can use the competitive landscape given in this report that includes the analysis of key terms such as net profit margin, cost structure, sales price, and gross margin which helps understand how the Ceramics Market will play out in near future.
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Market Segments:
Based on application, the market is categorized into tiles, sanitary wares, abrasives, pottery, bricks and pipes, and others.
As per the end-use industry, the market is categorized into building and construction, industrial, medical, and others. The industrial segment is expected to rise exponentially during the forecast period due to the high consumption of electro-ceramics. Geographically, the market is categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa
Driving Factor:
Increasing Demand from Medical Industry to Augment Growth
Ceramics is gaining popularity by the day as it is being utilized as an alternative to plastic and metal substances. The medical industry is also using ceramic for bone implants, fracture casts, tooth replacements, and others. Furthermore, ceramic can also be used for making electrical and mechanical components, coupled with automotive components such as catalytic converter substrates, sensors, and others. Thus, the rise in demand from the industries mentioned above is likely to help increase the market revenue in the near future. All the above factors indicate that the forthcoming years will prove to be beneficial and attract high revenues. Furthermore, the advent of ceramic for home appliances is also a major strategy adopted to help increase the overall market size in the coming years.
Regional Insights:
Efficient Raw Material Prices of Ceramics to Help Asia Pacific Emerge Dominant
Taking into account the geographical segmentation, the market is categorized into five major regions. These regions include the Middle East and Africa, Europe, South America, Asia Pacific, and North America. Among these, Asia Pacific is holding a prominent ceramics market share and is likely to continue dominating the global market in the forthcoming years. This is attributable to the high availability and affordability of raw materials for the manufacturing of the product. Apart from this, governments of various nations are supporting the growth of ceramics by launching policies to improve sanitation and promote the use of ceramic products instead of plastic and metal. On the other side, the European market will witness remarkable growth because of the rising demand for electrical ceramics from the electronic industry.
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Competitive Landscape:
Mergers and Acquisition Strategies Adopted by Manufacturers to Prove Beneficial
One of the leading players of the market is Morgan Advanced Materials, having 109 operational sites and the capability of compaction pressing up to 500 tons. Manufacturers are emphasizing on introducing new products for attracting high revenues. The manufacturers are also adopting mergers and acquisition strategies to gain a competitive edge in the market and remain dominant.
Notable Development:
January 2021: CeramTec purchased Dentalpoint AG, a specialist in ceramic dental implants. The acquisition will help the company expand its portfolio in the medical segment.
The Report Lists the Key Companies in the Market:
- Kyocera Corporation (Japan)
- Corning Inc. (U.S.)
- Murata Manufacturing Co. Ltd. (Japan)
- Morgan Advanced Materials (U.K.)
- CoorsTek (U.S.)
- CeramTec (Germany)
- Saint Gobain (U.S.)
- 3M (U.S.)
- Applied Ceramics Inc. (U.S.)
- Materion Corporation (U.S.)
- McDanel Advanced Ceramic Technologies (U.S.)
- Momentive Performance Materials Inc. (U.S.)
- Rauschert GmbH (Germany)
- Imerys S.A. (France)
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