The analysts forecast global ceramics market to grow at a CAGR of 6.91% during the period 2017-2021. Commenting on the — ceramics market report One trend in the market is increasing use of ceramics in medical applications. High-tech ceramics have been a significant part of modern medical devices; currently, they are used as acetabular cups and femoral heads for total hip replacement, restorations and dental implants, bone scaffolds and fillers for tissue engineering. The need for strong, tough, and stable bioinert ceramics should be met by either alumina and zirconia-based ceramics and composites, Nano-structured, or by non-oxide ceramics.
According to the ceramics market report, one driver in the market is increased investment on the development of infrastructure. The global construction industry is growing rapidly with a major contribution from emerging countries. In 2016, the revenue generated by the global construction industry reached approximately $8.82 trillion from $7.91 trillion in 2012. The revenue is expected to reach approximately $14.98 trillion by 2025. The emerging countries accounted for 51.9% of the total construction industry in 2016 and are estimated to contribute approximately 62.5% by 2025. The governments of these regions are investing significantly in residential homes owing to the rapid urbanization in lieu of jobs, better lifestyle, and other amenities.
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Further, the report states that one challenge in the market is high production cost. The fluctuation in the cost of raw materials is affecting the supply of ceramic products in the market, which is posing a challenge to the global ceramics market. Consequently, there has been an increase in the regional requirement and supply of ceramics, which creates a demand imbalance. The fluctuation in the price of vital energy resources, such as atomic and crude oil, is affecting the manufacturer of these materials, which hinders the growth of the market. The primary use of energy in the production of ceramic is for kiln firing and in the drying of intermediates or shaped ware.
Key players in the global ceramics market: AGC Ceramics, China Glass Holdings, Corning, PPG Industries, Roca Sanitario, Saint-Gobain, SCHOTT, 3M, ABK Industrie Ceramiche, Battelle Memorial Institute, CARBO Ceramics, Casalgrande Padana, CEMEX, CERAMICHE ATLAS CONCORDE, CERAMICHE CAESAR, Ceramiche Piemme, COOPERATIVA CERAMICA D'IMOLA, LIXIL Group, Nippon Sheet Glass and Samsung Electronics
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Major Points from Table of Contents:
1: Executive Summary
2: Scope of The Report
3: Research Methodology
5: Market Landscape
6: Market Segmentation By Application
7: Market Segmentation By Product Type
8: Market Segmentation By End-User
9: Regional Landscape
10: Decision Framework
11: Drivers and Challenges
12: Market Trends
13: Vendor Landscape
14: Key Vendor Analysis
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