Top Insights on the Global Ceramics Market | Technavio

LONDON–(BUSINESS WIRE)–#Ceramics–The global
ceramics market is expected to grow at a CAGR of close to 7% from
2017-2021, according to a new market research report by Technavio.

Global ceramics market segmentation by application and product type

Technavio’s report on the global ceramics market analyses the business
dimensions and presents a comprehensive breakdown in terms of market
segmentation by application, including ceramic tiles, refractories,
bricks, roof tiles and pipes, abrasives, technical ceramics,
table and ornamental ware, and sanitary ware. The ceramic tiles segment
led the application segment of the global ceramics market, accounting
for close to 35% share of the market in 2016.

Based on product type, the global
ceramics market has been segmented into traditional ceramics and
advanced ceramics. Traditional ceramics led the product type
segment of the market in 2016, with more than 75% share of the global
ceramics market.

“Traditional ceramics are made by heating clay and other
cement at extremely high temperatures. These ceramics are used in the
production of various products such as crockery, dishes, and ceiling and
floor tiles, and in materials such as whitewares, cement, abrasives,
refractories, brick and tile, and structural clay products,”
says Kshama Upadhyay, a lead analyst at Technavio for glass
and ceramics research.

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Global ceramics market: competitive vendor landscape

The global ceramics market is fragmented because of the presence of
numerous companies in the global market. These companies invest highly
in R&D to introduce innovative environment-friendly products. However,
the presence of highly unorganized markets, primarily in China and
India, pose a constant threat to these manufacturers in terms of their
price and quality offerings to their customers. The global ceramics
market is driven by key global vendors such as China Glass Holdings,
Corning, SCHOTT, PPG Industries, Saint-Gobain, Roca Sanitario, and AGC
Ceramics. The market comprises other prominent vendors that hold a
significant share of the global ceramics market.

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Other topics covered in the report:

Market drivers:

• Increased investment in the development of infrastructure
• Increasing demand for lightweight and high-performance materials

Market challenges:

• High production cost
• Rising demand for substitute materials

Market trends:

• Increasing use of ceramics in medical applications
• Increased expenditure on R&D for environment-friendly products

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ceramics market report free of cost

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