Global Ceramics Market 2020-2024 | Rising Demand for Lightweight Materials to Boost Market Growth | Technavio

Technavio has published a latest market research report titled Global Ceramics Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The ceramics market is expected to grow by USD 108.7 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

There is an increase in the demand for lightweight and high-performance materials from various end-user industries. In the aerospace and defense industry, lightweight and high-performance materials are used to minimize CO2 emissions. These advanced materials can be used in various industrial applications to gain benefits from their energy-saving and wear-resistance properties. They are preferred in high-friction applications as thermally conductive materials. These materials are used extensively in the aerospace and defense, and automobiles industries. Among the various types of high-performance materials, ceramics are the most preferred owing to their properties such as high temperature resistance, thermal shock resistance, and non-conductive nature. The global ceramics market is driven by the need for less energy and low labor costs.

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As per Technavio, the development of advanced ceramics will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Ceramics Market: Development of Advanced Ceramics

The market is witnessing the development of advanced ceramics that are formed using special compositions and microstructures, followed by successive stages of production processing. They contain only a small fraction of clay or none and are based on the materials, such as Oxides, Carbides, and nitrides and borides of Al, Mg, Mn, Ni, Si, Ti, W, Zr, and other metal ions. Advanced ceramics offer a high-performance, cost-effective substitute for conventional materials such as metals, glass, wood, and plastic. These materials exhibit a wide array of properties, such as resistance to corrosion, stretching, bending, and high temperature. Also, they exhibit biocompatibility, chemical inertness, hardness, physical stability, and other electrical properties. Thus, the development of advanced ceramics is expected to drive the growth of the market during the forecast period.

"Increasing use of ceramics in medical applications and the increased expenditure on R&D for environment-friendly products will have a positive impact on the growth of the ceramics market value during the forecast period," says a senior analyst at Technavio.

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Ceramics Market: Segmentation Analysis

This market research report segments the ceramics market by application (wall and floor tiles, refractories, abrasives, others and bricks, roof tiles, and pipes), product type (traditional ceramics and advanced ceramics), end-user (Housing and construction, industrial, medical and others), and geography (APAC, Europe, MEA, North America and South America).

The APAC region led the ceramics market in 2019, followed by Europe, South America, MEA and North America. During the forecast period, the APAC region is expected to register the highest incremental growth due to the increased demand from various industries in emerging economies such as China and India.

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Some of the key topics covered in the report include:

Application segmentation

  • Wall and floor tiles
  • Refractories
  • Abrasives
  • Others
  • Bricks, roof tiles, and pipes

Product type segmentation

  • Traditional ceramics
  • Advanced Ceramics

End-user segmentation

  • Housing and construction
  • Industrial
  • Medical
  • Others

Geographic segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

Release Summary

The ceramics market size has the potential to grow by USD 108.7 billion during 2020-2024


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200